Brazil Enteral Nutrition Market to Surpass US$ 460.8 Million by 2027, at a CAGR of 4.5% - Coherent Market Insights

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Coherent Market Insights

Mar 23, 2020, 11:53 ET

SEATTLE, March 23, 2020 /PRNewswire/ -- According to Coherent Market Insights, the Brazil enteral nutrition market is expected to be valued at US$ 323.7 million in 2019, and is projected to exhibit a CAGR of 4.5% over the forecast period (2019–2027).

Key Trends and Analysis of the Brazil Enteral Nutrition Market:

Key trends in the market are rising prevalence of chronic diseases such as diabetes, cardiovascular disease, cancer, and others, product launches, and collaboration and acquisition activities among key market players. According to the World Health Organization (WHO), in 2018, out of 1.3 million deaths in Brazil, around 74% were due to non-communicable diseases (NCDs), which include cardiovascular disease, diabetes, cancer, and chronic lung diseases.

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An increasing number of product launches is expected to contribute to the growth of the Brazil enteral nutrition market over the forecast period. For instance, in March 2017, B. Braun Medical Ltd. launched a new range of nutritionally complete dietary drinks which include Nutricomp Drink Plus. It is an enteral nutrition product available in four flavors. The high-energy supplement can be prescribed for the dietary management of malnutrition.

Furthermore, key players operating in the market are focused on adopting acquisition and collaboration strategies, in order to expand their product offerings in markets. In January 2020, Nestlé acquired Zenpep from Allergen Pharmaceuticals. Zenpep is in the class of Pancreatic Enzyme Replacement Therapies (PERTs). It is used for treatment of patients with Exocrine Pancreatic Insufficiency (EPI) who cannot digest food properly because their pancreas does not provide enough enzymes to break down fat, protein, and carbohydrates. As a result of this strategic acquisition, Nestlé has expanded its medical nutrition business.

Key Market Takeaways:

  • The Brazil enteral nutrition market is expected to exhibit a CAGR of 4.5% over the forecast period, owing to rising prevalence of chronic diseases, increasing awareness about enteral nutrition products and product launches. For instance, in July 2018, Nestlé launched a vegan baby formula for infants with milk allergies. The product is made from potato protein micro particles and is naturally hypoallergenic and cost effective to produce.
  • Based on protein composition, the protein for diabetes care patients segment is likely to hold significant market share in 2019. This is owing to high demand for protein supplements and rising incidence of diabetes in Brazil. For instance, According to International Diabetes Federation, around 12,465,800 people in Brazil had diabetes in 2017 and the prevalence rate of diabetes in Brazil is around 8.7%.

Key players operating in the Brazil enteral nutrition market include—

Abbott Laboratories, Prodiet Nutrição Clínica, Nestlé S.A., Danone, Royal Friesland Campina, Baxter International Inc., Nutrimed, B. Braun Melsungen AG, Pfizer, Inc., Reckitt Benckiser Group plc, Eurofarma, Nuteral, Fresenius Kabi AG, and Nutricium.

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Market Segmentations:

  • Global Lysosomal Storage Diseases Therapeutics Market, By Treatment:
    • Enzyme Replacement Therapy
      • Stem Cell Therapy
      • Substrate Reduction Therapy
      • Others
  • Global Lysosomal Storage Diseases Therapeutics Market, By Indication:
    • Gaucher's Disease
    • Fabry Disease
    • Pompe's Syndrome
    • Mucopolysaccharidosis
    • Others
  • Global Lysosomal Storage Diseases Therapeutics Market, By End User:
    • Hospitals
    • Clinics
  • Global Lysosomal Storage Diseases Therapeutics Market, By Geography:
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
        • Central Africa
        • South Africa
        • North Africa

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SOURCE Coherent Market Insights