by Pediatric Nutrition products facilitate the growth and development of children by providing optimum nutrition. These products are available in various formulations such as powders, rations and liquid to meet the nutritional requirements of infants and young children. The global pediatric nutrition market is gaining traction owing to rising awareness among parents about the importance of balanced diet in early childhood development. Pediatric nutrition enhances cognitive function and physical abilities in children.
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 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The pediatric nutrition market is primarily driven by rising awareness about importance of balanced nutrition in early childhood development. Proper nutrition in early years helps in physical growth as well as cognitive and brain development of children. Numerous studies have highlighted the vital role of essential nutrients like proteins, vitamins, minerals, prebiotics and probiotics in childhood development. Due to this, parents are increasingly opting for tailored pediatric nutrition products that cater to the specific nutritional requirements of infants and toddlers. This growing awareness about role of nutrition is fueling the demand for specialized pediatric nutrition products globally.
SWOT Analysis
Strength: The pediatric nutrition market has high potential for growth as many new products are being developed to address the nutritional needs of children.
Weakness: Formulating pediatric nutrition products suitable for children of all ages poses challenges as their nutritional needs vary significantly based on their stage of development.
Opportunity: Rising awareness among parents about importance of proper childhood nutrition and customized products for different age groups present opportunities for market expansion.
Threats: Stringent regulatory approvals and protocols for pediatric nutrition products increase uncertainty and risks for new entrants.
Key Takeaways
The Global Pediatric Nutrition Market Size is expected to witness high growth over the forecast period. 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 2023-2030.
The market in North America currently dominates due to high consumer awareness and presence of major players. However, the Asia Pacific region is expected to grow at the fastest pace due to rising birth rates, growing middle class and their increasing spending on child nutrition products.
Key players operating in the pediatric nutrition market include Depuy Synthes, Zimmer Biomet Holdings, MicroPort Scientific Corporation, Conformis, Corin Group, Exactech, DJO LLC, Medacta International, Smith & Nephew and Stryker Corporation. These companies invest heavily in new product launches and facility expansions to strengthen their market position. Strategic collaborations with hospitals and academic institutions have also helped increase awareness about customized pediatric nutrition solutions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
