Growing demands for pediatric diet in Asia Pacific, broad accessibility to dairy supplements, especially products for children with special requirements, and pricing competition among top companies to acquire market dominance are some of the main factors of the global pediatric nutrition market’s expansion. Organizations involved in this market such as Nestle S.A., Mead Johnson Nutrition, and Abbott Laboratories rely heavily on income from China. China alone accounted for roughly 30 percent of Mead Johnson Nutrition’s earnings in 2016. The entry of a growing number of small businesses into China is also contributing to the country’s market growth. China is progressively implementing a number of standards to check the quality of pediatric nutrition. Effective January 1, 2018, companies must file their goods with China’s Food and Drug Administration and undergo safety inspections before they can be marketed, according to a new policy. Products that have not been certified by the government are prohibited. In August 2017, China’s regulators authorized 89 goods made by 22 businesses in the country’s first announcement of a new regulation. Nestle S.A., Mead Johnson Nutrition, Abbott Laboratories, Wyeth Nutrition, and Royal Friesland Campina are among the 22 big businesses.
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Browse 40 Market Data Tables and 54 Figures spread through 197 Pages and in-depth TOC on Pediatric Nutrition Market, by Product Type (Amino Acid-based, Milk-based, Organic, Probiotic/Prebiotic, Soy-based, and Others), by Age Group (Children and Infant), by Formulation (Liquid and Powder), by Application (Nutrition Source (Supplements and Sole Source), Brain Development, Metabolic Disorders (Insulin Resistance, Phenylketonuria, and Maple Syrup Disease), Allergy Management (Lactose Intolerance, and Cow’s Milk Protein Allergies)), by Distribution Channel (Retail Stores and Online Stores), and by Region (North America, Asia Pacific, Latin America, Europe, Middle East, and Africa) – Global Forecast to 2025.
Economic diversification methods are becoming more important for companies in the pediatric nutrition sector. Nestle S.A. bought Pamlab L.L.C., Covington, La., a medical nutrition firm in the United States in 2013 to expand its brain health and metabolic health portfolio. Furthermore, the firm has made strategic investments in firms that specialize in comparable product offerings. In 2016, Nestle S.A. formed a strategic partnership with DBV Technologies to develop a patch-test method for detecting Cow’s Milk Protein Allergy (CMPA) in newborns. In November 2017, the firm chose to restructure its nutrition division in order to compete in this high-growth area. In June 2017, Mead Johnson Nutrition, a renowned firm in pediatric nutrition, was bought by Reckitt Benckiser Group plc.
The global pediatric nutrition market is anticipated to grow at a CAGR of 6.4 percent from 2017 to 2025, due to an expanding product range to service a broader variety of clients and a higher widespread adoption in Asia Pacific’s rising nations.
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Large corporations are anticipated to benefit from changing rules in nations such as China. Furthermore, the preference for imported goods has aided multinational corporations in expanding their network in the country.
Due to the region’s huge population and rising disposable income, Asia Pacific is anticipated to maintain its supremacy over the forecast period (2017-2025).
Numerous joint ventures are taking place in the market, and this trend is likely to continue over the forecast period, as smaller businesses are projected to struggle to operate financially while dealing with new regulations.
Key companies contributing in the global pediatric nutrition market include Groupe Danone, Abbott Laboratories, Reckitt Benckiser Group Plc, and Nestlé S.A.
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