Pediatric Nutrition Market
Infants and young children have a special nutritional need during these formative years, and pediatric nutrition can help meet that need. Milk-based, soy-based, amino acid-based, and organic varieties of these items can be found in stores. These dietary supplements not only aid in the control of allergic reactions and metabolic disorders, but they also promote healthy brain growth. There were more babies born in Asia and the Pacific in 2017 than any other region, making it a promising market. Mead Johnson Nutrition (now owned by Reckitt Benckiser Group plc), Nestle S.A., and Abbott are just some of the companies that have made it a priority to increase their foothold in the Asia-Pacific region, particularly in China. The high ROI in this market is encouraging new entrants and encouraging existing players to pursue inorganic expansion. In June 2017, for example, Reckitt Benckiser Group plc purchased Mead Johnson Nutrition Company.
Global pediatric nutrition market is estimated to be valued at US$ 47,185.41 million in 2022 and is expected to exhibit a CAGR of 6.4% during the forecast period (2023-2030).
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The market for children’s nutrition is projected to expand as a result of rising demand for nutritional products in the Asia-Pacific region.
The market for children’s nutrition is projected to expand as a result of rising demand for nutritional products in the Asia-Pacific region. Countries in Asia, including Afghanistan, Pakistan, and Indonesia, have some of the highest rates of malnutrition in the world. For example, in August 2019, the United Nations International Children’s Emergency Fund (UNICEF) reported that stunting among children under the age of five was 41% in Afghanistan, making it one of the countries with the highest rates in the world. If a person is stunted, it’s because they weren’t getting enough to eat during their growth spurts. It hinders kids from getting the immunity boosts and nutritional support they need to thrive. Children who are stunted have a higher risk of developing health problems, are less likely to receive preventative care, and have lower academic outcomes. Children in Afghanistan suffer from chronic malnutrition because they eat the wrong kinds of food in addition to not getting enough to eat. For example, in Afghanistan, only half of infants are breastfed for the first six months, increasing their risk of contracting potentially fatal illnesses like diarrhea and pneumonia from consuming unclean water or food. Afghanistan has a shockingly high rate of wasting (9.5%), the severest symptom of severe acute malnutrition. In Afghanistan, only about half of infants are breastfed exclusively for the first six months. In Afghanistan, only 12% of infants between the ages of 6 and 24 months get enough of the right kinds of food.
Key Players
The main companies participating in the market for pediatric nutrition worldwide are Reckitt Benckiser Group Plc, Nestlé S.A., Abbott Laboratories, Groupe Danone, Royal FrieslandCampina, Baxter International Inc., Fresenius Kabi, and B. Braun Melsungen AG.
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Pediatric Nutrition Market Report Coverage
| The market size value in 2023 |
Products designed specifically for infants with special needs are driving industry expansion.
The global pediatric nutrition market is expected to be driven by the increasing R&D activities of key players in the market for the development of innovative products for infants with special needs. One example is the December 2021 World Health Organization article recommending that all newborns be fed only breast milk for the first six months of their lives. Human breast milk provides a special combination of prebiotics and passive immunity to infants that can’t be found anywhere else. Under the NeoKare Nutrition brand, a business was launched in the United Kingdom to continue the tradition of helping parents and doctors by providing neonatal products made entirely from human milk. Both NeoLacta (NeoLacta Lifesciences) and NeoKare (NeoKare Nutrition Ltd) were founded by individuals who were crucial in the creation of Australia’s first milk bank, so their respective leaders have extensive experience in human milk technology. In contrast to other human milk banks, NeoLacta is the only one to feature ISO-certified clean rooms, Hazard Analysis Critical Control Points (HACCP) certified processes, in-house R&D, chemical and microbial labs, and walk-in freezers.
Global Pediatric Nutrition Market– Impact of Coronavirus (COVID-19) Pandemic
A public health emergency was declared by the World Health Organization on January 30, 2020, after the COVID-19 virus outbreak in December 2019 spread to over a hundred countries around the world.
There are three main ways in which COVID-19 has impacted the economy: (1) it has had an impact on the production and demand for pediatric nutrition powders; (2) it has disrupted the distribution channels for pediatric foods; and (3) it has caused health care costs to rise. Many countries, including China, India, Saudi Arabia, the United Arab Emirates, Egypt, and others, had trouble moving pediatric nutrition powders around the country because of nationwide lockdowns.
However, the global pediatric nutrition market was impacted negatively by the COVID-19 pandemic as supply chain disruptions of pediatric nutrition supplements reduced demand. For instance, the International Food Policy and Research Institute (IFPRI) reported in April 2020 that the COVID-19 crisis had slowed progress in the area of nutrition. They detail cross-sector nutrition actions that can safeguard mothers and children from the most dire nutrition impacts. Nutrition may be impacted by the COVID-19 economic crisis as a result of potential distribution chain disruptions involving dietary supplements that provide essential nutrients, such as probiotics, prebiotics, and pediatric nutrition powder. Unicef and other international organizations were concerned that shutdowns and lockdowns around the world would disrupt imports of essential nutritional products like micronutrient supplements and micronutrient-fortified products used to prevent and treat micronutrient deficiencies or severe acute malnutrition.
World Health Organization estimates that in July 2020, millions of children in Asia and Africa faced severe, life-threatening disease and malnutrition due to a perfect storm of deteriorating basic healthcare, chronic lack of access to safe water, sanitation, and hygiene (WASH), declining dietary quality, and heightened seasonal risk of infectious disease.
Global Pediatric Nutrition Market: Key Developments
Healthy Heights KidzProtein and KidzProtein Vegan are being released by Nutritional Growth Solutions, Ltd. (NGS, ASX: NGS) on April 19, 2022. Here are the ten items that make up the new line: There are three different flavors of KidzProtein to choose from: chocolate, vanilla, and strawberry. Healthy Heights is a creation of Nutritional Growth Solutions, Inc., a health care provider who shares the belief that all children have a fundamental right to a diet rich in healthy carbohydrates, fats, proteins, and minerals. Both regular and vegan KidzProtein contain 10g of protein and a full complement of vitamins and minerals.
Global Pediatric Nutrition Market: Restraint
The slightly higher manufacturing cost of pediatric nutrition products is one of the major factors restraining expansion of the global pediatric nutrition market. For instance, the Food and Drug Administration (FDA) now has the authority to oversee dietary supplements as foods thanks to the passage of the U.S. Dietary Supplement Health and Education Act (DSHEA) in November 2018. (FDA). The legal definition, labeling requirements, and procedure for reporting adverse events with dietary supplements were all laid out in the Dietary Supplement Health and Education Act. The FDA has also published formal guidance on current Good Manufacturing Practice to guarantee that supplements and ingredients are prepared, packaged, labeled, and stored in accordance with established protocols that guarantee their purity, composition, and potency. Sticking to all of the rules for producing pediatric nutrition supplements adds to the price tag.
Since NeoLacta is the only company in India and Asia to have built a modern human milk processing facility that is ISO 22000:2018 certified, GMP compliant, and FSSAI approved, the price of their pasteurized human breast milk (PHBM) was higher when it was released in December 2021. Due to the fact that PHBM powder has no artificial ingredients and can be reconstructed with the advised amount of water, it comes at a hefty price tag. Pasteurized human breast milk (PHBM) powder can be safely kept at room temperature, eliminating the need for constant monitoring of the cold chain. It is very expensive to produce pasteurized human breast milk due to all the steps involved.
Table of Contents with Major Points:
Executive Summary
- Introduction
- Key Findings
- Recommendations
- Definitions and Assumptions
Executive Summary
Market Overview
- Definition of Pediatric Nutrition Market
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Trends and Developments
Key Insights
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Pediatric Nutrition Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
Conclusion
Appendix
- Data Sources
- Abbreviations
- Disclaimer
TOC Continued…!
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