The pediatric nutrition market consists of various nutritional products intended to meet the specific nutritional needs of infants and young children. These include infant formula, follow-on formula, growing-up milk, baby food, and other pediatric supplements. Infant formula is the most popular pediatric nutrition product as it provides complete balanced nutrition to infants who are not breastfed. Follow-on formula and growing-up milk are provided to infants after 6 months of age as complementary foods along with breastfeeding. Baby foods such as cereals, pouches, snacks, and drinks provide supplementary nutrition to infants between 6 months and 2 years of age. These products contain valuable nutrients like vitamins, minerals, proteins, prebiotics, and probiotics to support the growth and development needs of infants and toddlers.
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 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
The rising demand for nutritious pediatric food products is expected to drive the growth of the pediatric nutrition market over the forecast period. With increasing awareness among parents about the importance of proper nutrition for infants’ physical and cognitive development, the demand for specialized supplements and baby foods is surging. Moreover, the growing number of working women resulting in higher demand for packaged baby foods is also fueling market growth. Changing lifestyles and increased disposable income have led parents to opt for convenience products like prepared pouches and bottles instead of traditional homemade weaning food preparations. Furthermore, advancements in ingredients, formulations, and processing of pediatric foods by key manufacturers to match the nutrient demands at different developmental stages are increasing consumer attraction towards these supplements.
The pediatric nutrition market is segmented based on product type, form type, application, and distribution channel. The milk-based segment dominates the market and accounts for over 35% share as it provides complete balanced nutrition to newborn babies and infants. It contains essential vitamins, minerals, proteins, and carbohydrates required for growth and development of children.
Political: The government food regulations especially Codex Alimentarius Commission standards and guidelines help ensure the quality and safety of pediatric nutrition products.
Economic: Rising disposable incomes and growing awareness about importance of early childhood nutrition is fueling the market growth.
Social: Changing lifestyles and busy schedules have increased the demand for convenient nutrition supplements and formula feeding.
Technological: Manufacturers are focusing on development of hypoallergenic, organic, and functionally enhanced products using latest technologies to suit diverse nutritional needs of children.
Global Pediatric Nutrition Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. 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 4.0% over the forecast period 2023 to 2030.
North America dominates the market and is expected to continue its dominance due to large consumer base, strong distribution channels, and presence of major players.
Key players operating in the pediatric nutrition market are Depuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., MicroPort Scientific Corporation, Conformis Inc. Key players operating in the Pediatric Nutrition Market are Depuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., MicroPort Scientific Corporation, Conformis Inc. Key players are focusing on new product innovations, collaborations, and mergers to gain higher market share.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it