The Insight Partners Latest Research on “Enteral Nutrition Market to 2027″ Includes Global Analysis and Forecasts By Form (Liquid and Powder); Nutrient Composition (Protein Based, Carbohydrates Based, Fat Based, Vitamin Based, Others); Distribution Channel (Hospitals, Retail Pharmacies, Online Pharmacies), and Geography
The global enteral nutrition market is anticipated to reach US$ 16,185.64 Mn by 2027 from US$ 8,611.49 Mn in 2018. The market is anticipated to grow with a CAGR of 7.4% from 2019-2027. The report provides trends prevailing in the global enteral nutrition market and the factors driving the market along with those that act as hindrances.
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The enteral nutrition market is highly competitive, with a considerable number of players operating in the market. Most of the companies operating in the enteral nutrition market are present across the globe and have wide distribution and sales networks through partnerships or authorized dealers.
The most notable market participants are B. Braun Melsungen AG, Global Health Products, Inc., Meiji Holdings Co., Ltd., Victus, Inc., Hormel Foods Corporation, Abbott, Nestlé S.A., Danone SA, Fresenius Kabi AG, Mead Johnson Nutrition Company, among others occupying a considerable share of the market owing to their offerings to the market.
Market leaders are involved in product approvals and launches, which have promoted its growth. For instance, in March, 2017, B. Braun Medical Ltd launched Nutricomp Drink Plus, a new range of nutritionally complete nutritious beverages. This high-energy milkshake style supplement will be available in the market in four flavors.
Well-known small local companies are present in the market to provide products to its customer base. Larger firms are embracing the strategy of acquiring small/ medium firms to intensify and expand its product portfolio and footprint in different geographies. Additionally, companies are also undergoing several inorganic growth strategies to garner their significance and remain competitive in the market.
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Few of the essential vital developments from the industry are mentioned below:
Mar-17: B. Braun Medical Ltd launched Nutricomp Drink Plus, a new range of nutritionally complete nutritious beverages. This high-energy milkshake style supplement will be available in the market in four flavors
Dec-16: Fresenius Kabi AG Having recognized the growing demand for special nutritional products in Hong Kong, Fresenius Kabi engaged DKSH to help them establish a stronger market presence
The global enteral nutrition market, based on nutrient composition has been segmented into protein based, carbohydrates based, fat based, vitamin based, others. The protein based segment held a largest share of the market in 2018. Moreover, the segment is also anticipated to register the highest CAGR in the market during the forecast period, owing to rapid adoption of computer assisted designing and manufacturing in dentistry and the advantages offered by this technology in terms of ease of use, accuracy, efficiency and reproducibility.
Global enteral nutrition market, based on the form, is segmented into in liquid and powder. The liquid segment led the enteral nutrition market in 2018, and; it is expected to retain its dominance during the forecast period.
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