Malnutrition is widespread in Asian nations such as Afghanistan, Pakistan, and Indonesia. The pediatric nutrition industry is predicted to develop due to rising demand for nutritional products in Asia Pacific. Increasing R&D initiatives by leading market players for the development of novel solutions for babies with specific requirements are projected to boost the worldwide pediatric nutrition market.
The production cost of pediatric nutrition is one of the primary factors impeding the growth of the global pediatric nutrition industry.
According to Coherent Market Insights, the 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 (2022-2030).
Some of the top companies highlighted by the Coherent Market Insights:
1. Reckitt Benckiser Group Plc
Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products in the United Kingdom, the United States, China, India, and internationally. The company was founded in 1819 and is headquartered in Slough, the United Kingdom. On June 2022, Rickett’s mead Johnson receives fda approval to import 66 million servings of infant formula focusing on vulnerable consumers to ensure formula reaches families as quickly as possible.
2. Nestlé S.A., Abbott Laboratories
Nestlé S.A., together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands. The company was founded in 1866 and is headquartered in Vevey, Switzerland. On October 2022, nestle introduced new infant formulas containing a novel nutrient blend in China. The product contains alpha-lipids, phospholipids, vitamins and minerals that protects nerve fibers crucial for behavioral and cognitive development.
3. Groupe Danone
Danone S.A. operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. Danone S.A. was incorporated in 1899 and is headquartered in Paris, France.
4. Royal FrieslandCampina
The company is headquartered in Amersfoort, Netherlands. Founded on December 2008. On November 2022, Friesland Campina launched first ever lactose encapsulated DHA and ARA formula ingredients.
5. Baxter International Inc.
Baxter International Inc., through its subsidiaries, develops and provides a portfolio of healthcare products worldwide. Baxter International Inc. was incorporated in 1931 and is headquartered in Deerfield, Illinois. The company offers peritoneal dialysis and hemodialysis, and additional dialysis therapies and services; intravenous therapies, infusion pumps, administration sets, and drug reconstitution devices.
6. Fresenius Kabi
Fresenius Medical Care AG & Co. KGaA provides dialysis care and related dialysis care services in Germany, North America, and internationally. Fresenius Medical Care AG & Co. KGaA was incorporated in 1996 and is headquartered in Bad Homburg, Germany.
7. B. Braun Melsungen AG
Founded in 1839, B. Braun Melsungen is one of the world's leading manufacturers of medical technology and pharmaceutical products, as well as a provider of medical servicesIts range of products includes products for infusion, nutrition and pain therapy, infusion pumps and systems, surgical instruments, suture materials, hip and knee implants, dialysis equipment and accessories, as well as ostomy, disinfection and wound care products. Its home country, Germany, brings in more than 15% of B. Braun's total revenue.
8. Abbott Laboratories
On September 2021, Abbott Launches New PediaSure in India – Latest Innovation to Support Catch-Up Growth and Unlock Growth Potential in Children. The new PediaSure is enhanced with arginine and natural vitamin K2, two important nutrients to help further support catch-up growth. Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States. Founded in 1888.
*Definition- Pediatric nutrition is an essential nutritional supplement source for newborns during their formative years. These products are available in milk, soy, amino acid, and organic varieties. These dietary supplements promote brain development and aid in the treatment of allergies and metabolic disorders.
