by Market overview:
Pediatric nutrition products includes infant formula, baby food, vitamins & dietary supplements, milk products and other drinks which provides essential nutrients to children for their growth and development. These products ensures proper growth along with preventing childhood malnutrition and deficiencies.
The global Pediatric Nutrition Market is estimated to be valued at US$ 14.22 billion in 2023 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The pediatric nutrition market is being propelled by the growing focus on providing children with a healthy and balanced diet. Parents and caregivers are increasingly becoming aware about the importance of nutrition in childhood development through various awareness campaigns by governments and healthcare organizations. This has fueled the demand for pediatric nutrition products that provide all essential nutrients required by children. Manufacturers are also introducing novel products fortified with prebiotics and probiotics to support immune health as well as cognitive development in children.
SWOT Analysis
Strength: The pediatric nutrition market offers specialized nutritional and hydration products tailored for children’s developing needs. These products help support physical growth and cognitive development in kids.
Weakness: The pricing of pediatric nutrition products is generally higher compared to ordinary food and beverages due to additional research and formulation costs involved. This can limit sales to some extent.
Opportunity: Rising health awareness among parents regarding the importance of proper nutrition for children is driving higher demand for scientific pediatric food products. New product launches catering to different age groups also present an opportunity.
Threats: Strict regulations surrounding the marketing and advertising of pediatric nutrition products pose a challenge for companies. Additionally, private label brands offering lower-cost alternatives can erode the customer base of established brands.
Key Takeaways
The Global Pediatric Nutrition Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by growing health conscious parents globally. The global Pediatric Nutrition Market is estimated to be valued at US$ 14.22 billion in 2023 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030.
Regionally, North America currently dominates pediatric nutrition sales with the U.S. accounting for the largest market share. However, Asia Pacific region is poised to emerge as the fastest growing regional market in the coming years backed by rising birth rates and increasing disposable incomes in developing countries like China and India.
Key players operating in the pediatric nutrition marketare Smurfit Kappa, Optopack Ltd., Amcor plc, Montibox, Aran Packaging, Liquibox, Peak Liquid Packaging, DS Smith, Graficas Digraf Sl, and Goglio SpA. These industry leaders focus on new product launches, facility expansion plans, and strategic partnerships to strengthen their product portfolios and geographic presence. For instance, Amcor plc invested in developing lightweight and sustainable pediatric nutrition packaging solutions to align with the company’s environmental goals.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
