NEWARK, Oct. 20, 2022 (GLOBE NEWSWIRE) — The global children’s nutrition market will grow from $47.91 billion in 2021 to $85.88 billion by 2030, according to a report published by The Brainy Insights. projected to grow to the dollar. 6.70% during the forecast period 2022-2030.
Growing awareness of the benefits of healthy eating habits among children is expected to boost the demand for the children’s nutrition industry during the forecast period. In addition, the growing prevalence of childhood obesity and overweight and increasing initiatives by governments and regulatory bodies around the world are also helping to drive the market growth. However, there are inherent regulatory gaps in the children’s nutrition sector, allowing low-quality supplements to enter the industry and constraining market growth. A large investment in is an opportunity for market growth.
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competitive strategy
To strengthen their market position in the global children’s nutrition market, key players are currently focusing on adopting strategies such as product innovation, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships. .
Market growth and trends
The growth of the kids nutrition market is driven by the emergence of nutritious food brands under this category and the growing demand for healthy baby food.In addition, growing online distribution channels are a growing trend in the market. . In addition, increasing spending on child nutrition by government and private organizations and surge in customer purchasing power are also helping drive the market growth. In addition, the easy availability in online and offline stores and the low prices of the products have increased people’s willingness to buy during the pandemic. In addition, online shopping allows customers to choose from a variety of foreign and domestic varieties.Rising use of internet-equipped smartphones is expected to drive market growth during the forecast period.
Children’s Nutrition Market Scope:
| report coverage | detail |
| page number | 236 |
| base year | 2021 |
| Forecast period | 2022-2030 |
| Growth Momentum and CAGR | Accelerate at a CAGR of 6.70% |
| Market growth 2022-2030 | US$85.88 billion |
| market structure | fragmented |
| Regional analysis | APAC, Europe, North America, South America, MEA |
| Execution of market contribution | North America region will have the highest market share of 43.38% in 2021. |
| competitive environment | Scope of major companies, competitive strategies and consumer engagement |
| Company profiled | Goodwolf Feeding Co., Mead Johnson & Company, LLC., Abbott, Perrigo Company plc, My lunchbuddy, Else Nutrition, Yamo AG, Nestlé, Nutribud Foods, Danone, Arla Foods amba |
| market dynamics | Parent market analysis, market growth drivers and impediments, fast and slow growth segment analysis, impact of COVID 19 and future consumer dynamics, market condition analysis for the forecast period. |
| Customization preview | If the data you’re looking for isn’t in the report, contact an analyst to customize the segment. |
Main findings
• In 2021, the infant milk segment dominated the market with the largest market share of 30.22% and market revenue of 14.47 billion.
The application segment is divided into baby milk, snacks, protein drinks & bars, and others. In 2021, the infant milk segment dominated the market with the largest market share of 14.47% and market revenue of 25.82 billion. This growth is due to increasing demand for organic milk powder.
• In 2021, the offline segment dominated the market with the largest market share of 57.14% and market revenue of 27.37 billion.
The distribution channel segment is divided into offline and online. The offline segment is further subdivided into convenience stores, supermarkets, and others. In 2021, the offline segment dominated the market with the largest market share of 27.37% and market revenue of 48.83 billion. This growth is driven by growing demand for quality consumables and food retail in emerging markets.
• In 2021, the prebiotic and probiotic supplement segment dominated the market with the largest market share of 27.14% and market revenue of 13.01 billion.
The product type segment is divided into protein, prebiotic and probiotic supplements, vitamins and minerals, omega-3, and others. In 2021, the prebiotic and probiotic supplement segment dominated the market, capturing the largest market share of 27.14% and a market revenue of 13.01 billion. This growth is attributed to increased consumer spending on health foods.
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Regional Segment Analysis For Kids Nutrition Market:
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, rest of Europe)
• Asia Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and Rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)
The North America region emerged as the largest market for the global children’s nutrition industry, with a market share of 43.38% in 2021 and a market value of approximately 20.78 billion. North America dominates the children’s nutrition market due to growing customer awareness. about healthy eating. In addition, increasing government initiatives on improving nutrition levels are also helping drive the growth of the market in the region. Moreover, Asia-Pacific is expected to exhibit the fastest her CAGR of 9.02% during the forecast period. This growth has been attributed to the high availability of a wide range of nutritional products. Moreover, the ever-increasing availability and affordability of frozen foods and beverages, especially in emerging countries such as Brazil, China, and India, is also fueling the market growth in the region.
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The major players operating in the global children’s nutrition market are:
• Good Wolf Feeding Company
• Mead Johnson & Company, LLC.
• Abbott
• Perrigo Company plc
• My Lunch Buddy
• Other nutrition
• Yamo AG
• Nestle
• Nutribud Foods
• Danone
• Arla Foods amba
The study forecasts revenue at global, regional and country levels from 2019 to 2030. Brainy Insights segments the Global Children’s Nutrition market based on the following segments:
Global Children’s Nutrition Market by Application
• infant formula;
• snack
• Protein drinks & bars
• others
Global Children’s Nutrition Market by Distribution Channel:
• Offline
Convenience stores
Supermarket
Other
• online
Global Children’s Nutrition Market by Product Type:
• protein
• Prebiotic and probiotic supplements
• Vitamins and Minerals
• Omega 3
• others
About the report:
The global children’s nutrition market is analyzed on the basis of value (Billion USD). All segments are analyzed globally, regionally and by country. The study includes analysis of over 30 countries for each segment. This report provides an in-depth analysis of drivers, opportunities, constraints, and challenges to gain key insights into the market. The study includes Porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channel analysis.
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About The Brainy Insights:
Brainy Insights is a market research company that aims to provide companies with actionable insights through data analytics to improve business insight. We have robust forecasting and estimating models to meet our clients’ goals of delivering high quality output in a short period of time. We offer both customized (client-specific) and syndicated reports. Syndicated report repositories are diverse across all categories and subcategories across domains. Our customized solutions are tailored to meet the client’s requirements, whether they are looking to expand or plan to launch new products in the global market.
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