Enteral Feeding Formulas Market Size, Share & Trends Analysis Report By Product, By Flow Type, By Stage (Adults, Pediatrics), By Indication (Alzheimer’s, Nutrition Deficiency, Cancer Care), By End-use, By Sales Channel, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the enteral feeding formulas market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for enteral feeding formulas market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of enteral feeding formulas market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Enteral Feeding Formulas Market Categorization:

The enteral feeding formulas market was categorized into seven segments, namely product (Standard Formula, Disease-specific Formulas), flow type (Intermittent Feeding Flow, Continuous Feeding Flow), stage (Adults, Pediatrics), indication (Alzheimer’s, Nutrition Deficiency, Cancer Care, Diabetes, Chronic Kidney Diseases, Orphan Diseases, Dysphagia, Pain Management, Malabsorption/GI Disorder/Diarrhea), end-use (Hospitals, Home Care, Long Term Care Facilities), sales channel (Online Sales, Retail Sales, Institutional Sales), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The enteral feeding formulas market was segmented into product, flow type, stage, indication, end-use, sales channel, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The enteral feeding formulas market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-four countries, namely, the U.S.; Canada; the UK; Germany; France; Spain; Italy; Sweden; Norway; Denmark; Russia; Japan; China; India; South Korea; Australia; Thailand; Brazil; Mexico; Argentina; South Africa; UAE; Saudi Arabia; Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Enteral feeding formulas market companies & financials:

The enteral feeding formulas market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Abbott, Abbott is a biotechnology company involved in the worldwide development of in vitro diagnostic instrument systems and tests for hospitals, physician offices, reference labs, clinics, & blood banks. It offers hematology, automation, & transfusion instruments, as well as immunochemistry reagents & tests for applications in the fields of cancer & cardiology, drugs of abuse, fertility, infectious diseases, retrovirus, therapeutic drug monitoring, and transplant. Its portfolio offerings are in the fields of medical devices, diagnostics, nutritional products, and branded generic pharmaceuticals. It serves over 22,000 customers in 100 countries across the globe. In Latin America, the company is present in Argentina, Brazil, Chile, Colombia, Ecuador, Peru, Uruguay, and Venezuela. It has sales operations in more than 150 countries worldwide.

• Danone S.A., Danone is one of the leading global food companies. It operates through four business segments: fresh dairy products, waters, early life nutrition, and advanced medical nutrition. The company has a presence in more than 120 countries. Nutricia Advanced Medical Nutrition is part of Danone Food Company, which deals with nutritional solutions for the diseased and aging populations. The company’s offerings include solutions for various conditions, such as cow milk allergy, metabolism errors, dysphagia, cancer, and diabetes. In 2017, the biggest markets for the company’s advanced medical nutrition segment were China, Turkey, and Latin America. The top three medical nutrition brands of the company are Neocate Splash, Nutrini, and Nourison.

• Fresenius Kabi AG, The company is a subsidiary of Fresenius SE & Co. KGaA, a global healthcare group. Fresenius SE & Co. KGaA has independent business segments, including Fresenius Kabi, Fresenius Vamed, Fresenius Medical Care, and Fresenius Helios. It has a presence in over 100 countries. Fresenius Kabi AG operates in various segments, including biosimilars, IV drugs, clinical nutrition, medical devices/transfusion technology, and infusion therapy. The company is involved in supplying transfusion technology products and medical devices. Its clinical nutrition segment includes products focusing on enteral nutrition, parenteral nutrition, and infusion disposables.

• Nestlé, Nestlé is a leading nutrition, wellness, and healthcare brand. The company started as a condensed milk manufacturer and diversified into infant cereal, nutritional formulas, weight management solutions, healthcare nutrition, culinary, confectionery, coffee, and other foods & beverages. The company holds more than 2,000 well-established brands and has manufacturing facilities across 85 countries. It sells and markets health foods under the brand name Nestlé Health Science, which was formed in 2011. Medical Nutrition is Nestlé Health Science’s significant business segment, and one of its key focus areas is acute care with a wide range of nutritional solutions for critically ill & older people suffering from disease-related malnutrition. The company sells its products in over 189 countries globally.

• VICTUS, The company was established as McGaw Export, Inc. In 1996, the company launched its enteral nutrition line with the introduction of the brand, Enterex. The company deals in products related to clinical nutrition, biosafety, infusion critical care, and advanced wound care. Its clinical nutrition products are formulated to improve and nourish the quality of life of people. Its clinical nutrition product portfolio consists of products, such as intestinal health, immune-enhancing formulations, disease-specific products, and age-specific products.

• Primus Pharmaceuticals, Inc., Primus Pharmaceuticals, Inc., is a privately held company involved in the manufacturing and sales of prescription medical food products. The company’s target customers include physicians in rheumatology, pain management, orthopedics, gynecology, and dermatology. Its product portfolio caters to different diseases, including atopic dermatitis, osteoporosis/osteopenia, rheumatoid arthritis, and chronic venous disease. Some of its popular brands are EpiCeram, Fosteum PLUS, Rheumate, and Vasculera. It promotes products to physicians through a national field sales force and co-promotion partnerships with other pharmaceutical organizations.

• Meiji Holdings. Co., Ltd., Meiji Holdings. Co., Ltd. primarily focuses on providing healthy and beneficial food products. The food products are manufactured and marketed under the brand name Meiji, which includes dairy products, functional foods, confectionaries, baby formulas, and nutritional products. Meiji is present worldwide and operates in the Americas, Europe & the Middle East, South Korea, China, and Asia Pacific.

• Mead Johnson & Company, LLC, Mead Johnson & Company, LLC is engaged in manufacturing and marketing products focused primarily on infant & child nutrition. It operates through two major business segments: Infant Formula and Children’s Nutrition. The company’s Enfa product line is one of the leading infant nutrition brands across the globe. The company has around 70 products in over 50 countries, including China, Thailand, Malaysia, Indonesia, Vietnam, and recently, India. In 2017, following its acquisition, the company became a wholly owned subsidiary of Reckitt Benckiser Plc.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Enteral Feeding Formulas Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Enteral Feeding Formulas Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.