Pediatric nutrition products include infant formula, baby food, nutritional supplements, and nutritional drinks, which provide nutrients required for the growth and development of children. There has been an increasing focus on nutrition for pediatric well-being. Increasing prevalence of chronic diseases such as obesity, asthma, and allergies among children is propelling the demand for specialized nutrition products. Manufacturers are extensively conducting research and development activities to develop innovative products specific to pediatric nutritional needs. For instance, Danone has developed Nutricia products such as Aptamil, Nutrilon, and others which offer clinically-proven pediatric formulations catering to nutritional needs. Rapid urbanization and rising disposable income in emerging nations has positively impacted the purchasing potential of consumers for premium pediatric nutrition products.

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 3.2% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

One of the major drivers for the pediatric nutrition market is the increasing prevalence of pediatric diseases. According to World Health Organization, approximately 50% of all deaths among children under 5 years of age are linked to undernutrition. Deficiencies in essential micronutrients weakens the immune system and increases the risk of contracting infectious diseases in children. Growing healthcare awareness among parents regarding benefits of specialized pediatric nutrition formulations in boosting immune function and managing diseases is expected to drive the market growth over the forecast period. Rising disposable income is allowing parents to spend more on superior nutrition products to meet the greater nutritional needs of children during growth spurts and development phases. This is positively impacting the demand for premium branded pediatric nutrition products.

Segment Analysis

The global pediatric nutrition market is dominated by the infant formula sub segment. Infant formula account for over 55% of the total pediatric nutrition market. This is because infant formula fulfills the complete nutritional requirement of babies in the initial 6 months when breastfeeding is not possible. Further, changing lifestyle and increasing number of working mothers has further boosted the demand for infant formula.

PEST Analysis

Political: The regulations around pediatric nutrition products especially infant formula are very stringent to ensure safety of babies. Many countries have added laws regarding advertising and promotion of infant formula.

Economic: Rising income levels and awareness regarding baby nutrition has boosted the overall pediatric nutrition spending. The industry is also benefitting from increasing women workforce.

Social: Social trends like nuclear family system and working women has increased the demand for convenient solutions like packaged baby food and formula. Further increasing awareness regarding complete baby nutrition is aiding the market growth.

Technological: Major players are focusing on developing formula closer to breast milk composition. They are also making formula easy to digest using prebiotics and probiotics. Online channels are also gaining popularity for purchasing pediatric nutrition products.

Key Takeaways

The Global Pediatric Nutrition Market Size is expected to witness high growth in the forecast period of 2023 to 2030. The market size is projected to reach US$ 23.06 Bn by 2030 from US$ 14.22 Mn in 2024, growing at a CAGR of 3.2%.

Regional analysis

The North America region currently dominates the global pediatric nutrition market led by U.S. and Canada. These countries account for over 40% value share owing to high awareness regarding baby nutrition and spending power. Asia Pacific region is expected to be the fastest growing market for pediatric nutrition. Countries like China and India offer huge untapped opportunities due to increasing birth rates and rising middle class population.

Key players

Key players operating in the pediatric nutrition market are Smurfit Kappa, Optopack Ltd., Amcor plc. These leading players are focused on new product development and expansion in high growth regions. Smurfit Kappa offers wide range of packaging solutions for powdered infant formula. Optopack Ltd. provides aseptic filling and packaging equipment’s for liquid pediatric products. Amcor plc provides packaging solutions across paper-based, flexible and rigid plastic products

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it