India Enteral Feeding Formulas Market Size & Outlook
India enteral feeding formulas market, 2018-2030 (US$M)
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India enteral feeding formulas market highlights
- The India enteral feeding formulas market generated a revenue of USD 411.2 million in 2023 and is expected to reach USD 654.2 million by 2030.
- The India market is expected to grow at a CAGR of 6.9% 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 411.2 million |
| Market revenue in 2030 | USD 654.2 million |
| Growth rate | 6.9% (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, India accounted for 5.7% 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 Asia Pacific, China enteral feeding formulas market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 114.3 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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India 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 88.79% in 2023. Horizon Databook has segmented the India enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in the incidence of malnutrition and diabetes in India is expected to drive the market over the forecast period. According to WHO, in 2019, nearly 77 million people were living with diabetes in India and an estimated 8.7% of the people suffering from diabetes are aged between 20 and 70.
In addition, according to Global Nutrition Report 2018, India is facing a major malnutrition crisis with approximately 46.6 million people suffering from malnutrition. Moreover, increasing preterm births is expected to boost the adoption of enteral feeding formulas in India during the forecast period.
For instance, according to an article published by Narayana Health in June 2019, among the 15 million babies born preterm worldwide, 1/5th are born in India. In addition, growing prevalence of cancer due to excessive consumption of tobacco in India is likely to increase the adoption of enteral feeding formulas during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the India enteral feeding formulas market , including forecasts for subscribers. This country databook contains high-level insights into India enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India enteral feeding formulas market size, by stage, 2018-2030 (US$M)
India Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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