by The global Pediatric Nutrition Market is estimated to be valued at US$ 14.22 Mn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Pediatric nutrition products include infant formula, milk-based formula, follow-on formula, growing-up formula and others. These products are designed to meet the nutritional needs and aid in the healthy growth and development of children. They contain important nutrients like proteins, fatty acids, vitamins and minerals which help build strong bones and muscles, support brain development and boost immunity in children.
Market key trends:
One of the key trends in the pediatric nutrition market is the rise in demand for probiotic-based products. Probiotics are live microorganisms that when consumed in adequate amounts provide health benefits. They support the growth of beneficial bacteria and balance harmful bacteria in the gut. Many parents are increasingly incorporating probiotic-rich foods and supplements in their baby’s diet to boost digestion and immunity. Leading players are introducing a wide range of probiotic drops, powders and supplements targeting infant nutrition needs.
Segment Analysis
The global pediatric nutrition market is segmented into formula, milk-based, soy-based, organic and dietary supplements. The milk-based segment is dominating the market and is expected to witness substantial growth during the forecast period. This is attributed to increasing lactose intolerance cases among children and growing demand for non-allergic and digestive formulation. This segment offers easy digestibility and absorption along with essential nutrients required for infants and toddlers.
Key Takeaways
Global Pediatric Nutrition Market Size is expected to witness high growth, exhibiting CAGR of 6.4% over the forecast period, due to increasing prevalence of malnutrition among children worldwide.
Regional analysis
From a regional perspective, North America dominates the global pediatric nutrition market and is expected to continue its dominance over the forecast period. This is owing to rising health awareness regarding pediatric nutrition and availability of advanced formulations in the region. Asia Pacific exhibits the fastest growth during the forecast period. Developing countries such as India and China are expected to drive the growth of the Asia Pacific market.
Key players
Key players operating in the pediatric nutrition market are Reckitt Benckiser Group Plc, Nestlé S.A., Abbott Laboratories, Groupe Danone, Royal FrieslandCampina, Baxter International Inc., Fresenius Kabi, and B. Braun Melsungen AG. Reckitt Benckiser Group Plc. and Nestle S.A are the leading players in global pediatric nutrition market due to their diversified and wide product portfolio.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
