Norway Enteral Feeding Formulas Market Size & Outlook
Norway enteral feeding formulas market, 2018-2030 (US$M)
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Norway enteral feeding formulas market highlights
- The Norway enteral feeding formulas market generated a revenue of USD 27.8 million in 2023 and is expected to reach USD 33.9 million by 2030.
- The Norway market is expected to grow at a CAGR of 2.9% 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 27.8 million |
| Market revenue in 2030 | USD 33.9 million |
| Growth rate | 2.9% (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, Norway accounted for 0.4% 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 Europe, Germany enteral feeding formulas market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 240.1 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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Norway 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 93.88% in 2023. Horizon Databook has segmented the Norway enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Norway enteral feeding formulas market can be attributed to factors such as increasing healthcare spending per capita, growing demand for external nutritional sources, and development of cost-effective enteral feeding formulas. In addition, increasing geriatric population and growing incidence of malnutrition in the region are likely to fuel the market growth in Norway during the forecast period.
For instance, according to WHO, in 2020, Norway reached 135 deaths due to malnutrition. Its world rank was 105 for malnutrition. Thus, the increasing percentage of the elderly population and malnutrition in the country is anticipated to boost the adoption of enteral feeding formulas, thereby propelling the market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway enteral feeding formulas market , including forecasts for subscribers. This country databook contains high-level insights into Norway enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway enteral feeding formulas market size, by stage, 2018-2030 (US$M)
Norway Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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