Thailand Enteral Feeding Formulas Market Size & Outlook
Thailand enteral feeding formulas market, 2018-2030 (US$M)
Related Markets
Thailand enteral feeding formulas market highlights
- The Thailand enteral feeding formulas market generated a revenue of USD 90.4 million in 2023 and is expected to reach USD 146.4 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.1% 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 90.4 million |
| Market revenue in 2030 | USD 146.4 million |
| Growth rate | 7.1% (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, Thailand accounted for 1.3% 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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Thailand 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 93.14% in 2023. Horizon Databook has segmented the Thailand enteral feeding formulas market based on oral, enteral covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing geriatric population and growing incidence of preterm births in Thailand are among the key factors anticipated to drive the adoption of enteral feeding formulas during the forecast period. For instance, in 2021, the estimated percentage of the population older than 65 years of age was 13.2%.
The percentage of elderly people increased from 2021 in comparison with 12.6% in 2020. Moreover, preterm birth is a major concern in Thailand. For instance, according to Samitivej PCL, the rate of preterm births is about 12% of all births in Thailand.
Furthermore, rising prevalence of chronic diseases, such as neurological diseases and cancer, is expected to propel the growth of enteral feeding formulas market in Thailand. For instance, according to International Parkinson and Movement Disorder Society, the estimated prevalence of advanced Parkinson’s disease was approximately 37.1% in Thailand as of 2021.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand enteral feeding formulas market , including forecasts for subscribers. This country databook contains high-level insights into Thailand enteral feeding formulas market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand enteral feeding formulas market size, by stage, 2018-2030 (US$M)
Thailand Enteral Feeding Formulas Market Outlook Share, 2023 & 2030 (US$M)
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