February 22, 2024

Pediatric Nutrition Market Driven By Growing Focus On Child Health And Wellness

Pediatric nutrition includes nutritional products such as infant formula, baby food, milk products, and packaged and prepared snacks that are specially formulated for children under the age of 12. The demand for these products is increasing as parents and caregivers are becoming more aware of ensuring good nutrition and well-balanced diets for children during their developmental years. Pediatric nutrition products provide infants and toddlers with essential vitamins, minerals, proteins and other nutrients in easily consumable forms such as powders, liquids, or snacks. This allows for fulfilling young children’s nutritional needs while promoting their physical and cognitive development.

The global Pediatric Nutrition Market is estimated to be valued at Us$ 14.22 Mn in 2024 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 demand for organic and non-GMO pediatric nutrition products is growing steadily as parents are increasingly concerned about the ingredients and source of these products. They prefer options that are free from additives, preservatives, artificial flavors and colors. Manufacturers are responding to this demand by introducing more organic options made with whole, simple ingredients sourced from sustainable farms. Another key trend is the growing popularity of convenience-oriented formats like pediatric nutrition on-the-go snacks and drinks. This is driven by changing lifestyles where both parents work full-time and need grab-and-go options for children’s meals and snacks. The emphasis on functional ingredients that promote overall wellness is also increasing in these product lines.

Porter’s Analysis

Threat of new entrants: Low barrier to entry in terms of capital requirements. However, established brands and regulations make entry difficult.

Bargaining power of buyers: Buyers have moderate bargaining due to availability of substitutes and focus on private label products.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to wide availability of raw materials and suppliers.

Threat of new substitutes: Low threat as products require specialized formulations based on age, dietary needs and health conditions.

Competitive rivalry: High competition due to presence of global and regional players. Focus on product differentiation, innovation and customer loyalty.

Key Takeaways

The Global Pediatric Nutrition Market Size is expected to witness high growth. The global pediatric nutrition market is estimated to be valued at US$ 14.22 Mn in 2024 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030.

Regional analysis :

 

The Asia Pacific region is expected to witness the fastest growth in the pediatric nutrition market during the forecast period owing to rising population, increasing per capita income, and growing health awareness.

Key players :

 

Key players operating in the Pediatric Nutrition market are Smurfit Kappa, Optopack Ltd., Amcor plc, Montibox, Aran Packaging, Liquibox, Peak Liquid Packaging, DS Smith, Graficas Digraf Sl, and Goglio SpA. These players are focusing on new product launches, mergers & acquisitions and expansions to meet the growing demand for pediatric nutrition products. For instance, in 2022, Optopack Ltd. launched a new range of nutrition packaging solutions for pediatric and elder nutrition products.

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