by Pediatric nutrition products provide nourishment for infants and toddlers to support their overall growth and development. They come in the form of milk formulas, baby food, nutritional supplements, and other products designed to meet the nutritional needs of children between birth to 3 years old. These products are fortified with essential vitamins and minerals required at different stages. The growing prevalence of pediatric diseases such as malnutrition, gastrointestinal disorder, and allergies have increased the demand for specialized pediatric nutrition products. Companies offer a wide range of formula milk, baby cereals, pouches, and drinks tailored to address the unique nutritional needs associated with different pediatric illnesses or conditions.
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.
Market key trends:
One of the key trends in the pediatric nutrition market is the rise of organic and clean label products. With increasing health awareness among parents, demand for organic products formulated with natural ingredients and without artificial preservatives, colors, or sweeteners is growing. Many companies have launched organic line of products targeting health-conscious consumers. Similarly, the trend of clean label where ingredients and processes are simple and easy to understand is also gaining traction in the market.
Another major trend is the shift towards functional pediatric nutrition products with added probiotics, prebiotics, and omega fatty acids. Research shows these ingredients support immune health and gut microbiome development in infants and children. Leading players have introduced product extensions fortified with such functional ingredients to cater to this demand. Innovation in formulations, formats, and flavors customized for kids is also expected to drive the pediatric nutrition market over the forecast period.
Porter’s Analysis
Threat of new entrants: The pediatric nutrition market has moderate barriers for new entrants due to large investments required in R&D for product development.
Bargaining power of buyers: Buyers have moderate bargaining power as there are multiple established brands available offering variety of products.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute raw materials.
Threat of new substitutes: Threat of new substitutes is low as packaged food and milk formulas require certifications and regulation approvals.
Competitive rivalry: The market is highly competitive with presence of major players offering varied products.
Key Takeaways
Global Pediatric Nutrition Market Demand is expected to witness high growth. 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.
Regional analysis: North America accounted for the largest share of the global pediatric nutrition market in 2023 due to growing health awareness and availability of advanced healthcare facilities. Asia Pacific is poised to grow at the highest CAGR during the forecast period owing to improved access to healthcare facilities and increasing discretionary income.
Key players: Key players operating in the pediatric nutrition market are Depuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., MicroPort Scientific Corporation, Conformis Inc., Corin Group, Exactech Inc., DJO LLC. (Colfax Corporation), Medacta International, Smith & Nephew plc, Stryker Corporation, Baumer SA, SurgTech Inc., and Meril Life Sciences Pvt. Ltd. Depuy Synthes (Johnson & Johnson) leads the market followed by Zimmer Biomet Holdings, Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
