Reports and Data's latest report states that the global market size for enteral feeding formula used in Indiana's homecare sector was USD 82.58 billion in 2022, with an expected revenue CAGR of 8% during the forecast period. The demand for enteral feeding formulas is increasing due to the higher susceptibility of the geriatric population to chronic illnesses. Enteral tube feeding is beneficial for individuals who cannot meet their nutritional requirements orally, and several types of tubes are available for enteral feed formula delivery.
The market's revenue growth is fueled by the production of organic and plant-based formulations, the introduction of modular formulae, and the use of prebiotics and probiotics to promote gut health. The popularity of lactose-free, gluten-free, and low-sugar enteral feeding formulas is driving the demand for specific formulas to meet specific nutritional needs. Furthermore, personalized nutrition demand is growing, leading to the popularity of enteral feeding formulas specialized for specific diseases or conditions, such as those for patients with renal, liver, or lung illness.
Top Profiled Companies in the Global Indiana Homecare Enteral Feeding Blenderized Formula Market Report:
Abbott Nutrition, Nestle Health Science, Danone Nutricia, Braun Melsungen AG, Fresenius Kabi AG, and Meiji Holdings Co. Ltd.
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The global consumer goods market revenue growth is primarily attributed to factors such as the rapid increase in global population, an increasing demand for food and other essential consumer goods such as healthcare nutrition, personal care hygiene, and electronic products, and the changing lifestyles and preferences of consumers, the growing demand for packaged and processed products in food and beverage, and the growing working population. Manufacturing and packaging techniques have advanced technologically, as well as the adoption of cutting-edge technologies such as artificial intelligence, the Internet of Things (IoT), big data analytics, robotics, and automation in the consumer goods industry. Other key factors driving global consumer goods market revenues include increasing awareness of the negative environmental effects of plastic packaging, as well as a growing demand for environmentally friendly and sustainable packaging solutions. Consumer income levels are expected to rise in developing economies such as India thanks to government regulations and guidelines regarding product quality and safety.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2022 - 2032)
- Standard Formula
- Disease Specific Formula
- Blenderized Formula
- Others
Patient Type Outlook (Revenue, USD Billion; 2022 - 2032)
- Adults
- Geriatric
- Paediatric
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