Overview and Scope
Pediatric supplements are specially formulated products designed to provide essential vitamins, minerals, and nutrients to infants, children, and adolescents. These supplements cater to the specific nutritional needs of growing bodies during different stages of childhood development. Pediatric supplements are dietary supplements intended to supplement the diet of children and adolescents up to age 18.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The pediatric supplements market report table of contents includes:
1. Executive Summary
2. Pediatric Supplements Market Characteristics
3. Pediatric Supplements Market Trends And Strategies
4. Pediatric Supplements Market – Macro Economic Scenario
5. Global Pediatric Supplements Market Size and Growth
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32. Global Pediatric Supplements Market Competitive Benchmarking
33. Global Pediatric Supplements Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pediatric Supplements Market
35. Pediatric Supplements Market Future Outlook and Potential Analysis
36. Appendix
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