North America Enteral Feeding Formulas Market Size & Outlook
North America enteral feeding formulas market, 2018-2030 (US$M)
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North America enteral feeding formulas market highlights
- The North America enteral feeding formulas market generated a revenue of USD 2,101.4 million in 2023.
- The market is expected to grow at a CAGR of 6.2% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,101.4 million |
| Market revenue in 2030 | USD 3,192.8 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Oral |
| Fastest growing segment | Oral |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 29.1% of the global enteral feeding formulas market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,115.1 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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North America 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 91.2% in 2023. Horizon Databook has segmented the North America enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
The North America enteral feeding formulas market is expected to grow steadily in the coming years. The market is significantly driven by an increase in the geriatric population, which is more susceptible to chronic diseases that result in various disorders, such as gastrointestinal disorders, metabolic disorders, and neurological disorders.
For instance, according to the U.S. Census Bureau, in 2020, about 16.9% of the population in the U.S. was aged 65 and above. Around 56 million elderly people are expected to depend on enteral feeding to fulfill their nutritional needs in the U.S. by 2030.
Moreover, growing number of premature infants in critical care is a major factor driving the regional market growth. For instance, according to CDC, about 1 in 10 babies was born prematurely in the U.S. in 2021.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America enteral feeding formulas market , including forecasts for subscribers. This continent databook contains high-level insights into North America enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America enteral feeding formulas market size, by country, 2018-2030 (US$M)
North America Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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