Canada Enteral Feeding Formulas Market Size & Outlook
Canada enteral feeding formulas market, 2018-2030 (US$M)
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Canada enteral feeding formulas market highlights
- The Canada enteral feeding formulas market generated a revenue of USD 182.8 million in 2023 and is expected to reach USD 322.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, oral was the largest revenue generating product in 2023.
- Oral is the most lucrative product segment registering the fastest growth during the forecast period.
Enteral feeding formulas market data book summary
| Market revenue in 2023 | USD 182.8 million |
| Market revenue in 2030 | USD 322.5 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Oral |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral, Enteral |
| Key market players worldwide | Abbott Laboratories, Danone SA, Fresenius SE & Co KGaA, Nestle SA, Meiji Holdings Co Ltd, Reckitt Benckiser Group PLC, Victus, Primus Pharmaceuticals |
Other key industry trends
- In terms of revenue, Canada accounted for 2.5% of the global enteral feeding formulas market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. enteral feeding formulas market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 322.5 million by 2030.
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Enteral Feeding Formulas Market Scope
Enteral Feeding Formulas Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada enteral feeding formulas market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to enteral feeding formulas market will help companies and investors design strategic landscapes.
Oral was the largest segment with a revenue share of 91.96% in 2023. Horizon Databook has segmented the Canada enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Canada's enteral feeding formulas market is anticipated to witness substantial growth over the forecast period owing to a large number of patients suffering from head and neck cancer, who are at a higher risk of malnutrition. For instance, according to Canadian Cancer Society, in 2022, there were around 7,500 people diagnosed with head and neck cancer in Canada.
Moreover, increase in the geriatric population and consequent rise in the incidence of various chronic diseases have fueled the growth of enteral feeding formulas market in Canada. According to the statistics published by the Canadian government, in 2021, over 861,000 Canadians were aged 85 and above, and this number is expected to increase three times by the end of 2050. Canada is witnessing an increase in the prevalence of chronic diseases and rise in the elderly population.
There has been an increase in the number of people suffering from malnutrition, who require enteral nutrition support. Diseases such as Crohn’s disease, ulcerative colitis, esophageal cancer, gastric cancer, head & neck cancer, and laryngeal cancer affect the oral intake of food in patients.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada enteral feeding formulas market , including forecasts for subscribers. This country databook contains high-level insights into Canada enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada enteral feeding formulas market size, by stage, 2018-2030 (US$M)
Canada Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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