The pediatric supplements from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pediatric Supplements Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size
The pediatric supplements market size has grown strongly in recent years. It will grow from $3.65 billion in 2023 to $3.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to rise in incidence of nutritional deficiencies in infants and children, rise in demand for children's health supplements, increased consumer awareness, increased awareness of health benefits, e-commerce growth
The pediatric supplements market size is expected to see strong growth in the next few years. It will grow to $5.25 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to rising demand for supplements with purified protein, increasing healthcare expenditure, rising awareness of pediatric health, increasing health and wellness trends, growing population of children . Major trends in the forecast period include innovative product formulations, increasing demand for immunity-boosting supplements, innovation in delivery forms, natural and organic ingredients, quality control and ingredient sourcing.
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Scope Of Pediatric Supplements Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pediatric Supplements Market Overview
Market Drivers -
The growing prevalence of nutritional deficiencies is expected to propel the growth of the pediatric supplement market going forward. Nutritional deficiencies refer to a lack of essential nutrients required for growth, development, and overall health. The increasing consumption of highly processed foods, which are often low in vital nutrients and high in empty calories, sugars, and unhealthy fats, contributes significantly to nutritional deficiencies. Pediatric supplements help to prevent nutritional deficiencies in newborns and children by providing essential nutrients from their diets. For instance, in June 2023, according to the United Nations International Children's Emergency Fund (UNICEF), a US-based intergovernmental organization of United Nations agencies, malnutrition prevention programs reached 356.3 million children under 5 and mothers in 2022, up from 336.4 million in 2021. Therefore, the growing prevalence of nutritional deficiencies is driving the growth of the pediatric supplement market.
Market Trends -
Major pediatric supplement companies are focusing on developing natural and organic ingredients for children, such as vitamin D and probiotic drops, to cater to the increasing demand for healthier options. Vitamin D and probiotic drops are dietary supplements designed to provide infants and young children with essential nutrients for their growth and development. For instance, in February 2024, Bobbie, a US-based pediatric nutrition company, launched its first non-formula products, organic vitamin D and probiotic drops. Bobbie Organic Vitamin D Drops provide 100% of the daily recommendation for vitamin D (400 IU) for infants 0-12 months in a 3-drop dose. They are made with certified organic, non-GMO ingredients and are suitable for breastfed and combo-fed infants to support strong bones, teeth development, immune health, and calcium absorption. The new supplements are designed to address common pediatric deficiencies and support the unique needs of infants and toddlers. Organic probiotic drops feature a blend of probiotic strains clinically proven to help reduce colic in infants.
The pediatric supplements market covered in this report is segmented –
1) By Product Type: Vitamins, Minerals, Probiotics, Omega-3 Fatty Acids, Amino Acids, Other Product Types
2) By Form: Gummies, Chewable, Liquids, Powders, Tablets, Other Forms
3) By Distribution Channel: Pharmacies, Supermarkets Or Hypermarkets, Online Retailers, Specialty Stores, Other Distribution Channels
4) By Age Group: Infants, Toddlers, Middle Childhood, Adolescents
5) By Application: Immunity Enhancement, Brain And Cognitive Support, Bone And Teeth Support, Gastrointestinal Support, General Well-being, Other Applications
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Regional Insights -
North America was the largest region in the pediatric supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the pediatric supplements market are Nestlé S.A., Archer Daniels Midland Company, Pfizer Inc., BASF SE, Johnson & Johnson (JNJ), The Procter & Gamble Company, Bayer AG, Sanofi S.A., Abbott, Beximco Pharmaceuticals Limited, Danone S.A., Reckitt Benckiser Group plc, Otsuka Pharmaceutical Co. Ltd., DuPont de Nemours Inc., Koninklijke DSM N.V., Alexion Pharmaceuticals Inc., Church & Dwight Co. Inc., Perrigo Company, Glenmark Pharmaceuticals Ltd., Himalaya Wellness Company, Hero Nutritionals Inc., Bioglan Pty Ltd
Table of Contents
Executive Summary
Pediatric Supplements Market Report Structure
Pediatric Supplements Market Trends And Strategies
Pediatric Supplements Market – Macro Economic Scenario
Pediatric Supplements Market Size And Growth
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Pediatric Supplements Market Competitor Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
Appendix
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