Press release
Kids Nutrition Market Products Sales are forecasted to reach US$ 94.5 billion by 2034
According to Fact.MR, a market research and competitive intelligence provider, the global kids nutrition market has been projected to reach a valuation of US$ 55.1 billion in 2024 and is forecasted to expand at a CAGR of 5.5% from 2024 to 2034.In most households, the pursuit of a healthy diet is paramount. Individuals are constantly on the lookout for the finest dietary supplements, understanding that a robust immune system is key to overall well-being. Recognizing the crucial role nutrition plays in bolstering immunity, parents prioritize instilling healthy eating habits from a young age.
In 2023, the World Economic Forum revealed that a staggering 65% of consumers are committed to making informed choices for a healthier and more sustainable lifestyle.
This mindset resonates deeply with parents who focus on sourcing the best nutrition supplements to support their children's growth and development. With unwavering dedication, they prioritize their children's daily dietary intake, ensuring a foundation of health and vitality for the future.
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Key Segments of Kids Nutrition Market Research Report
By Distribution channel : Online, Retail Sales
By Application : Snacks, Infant Milk, Protein Drinks & Bars, Others
By Region : North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Takeaways from the Market Study
The global kids nutrition market is projected to expand at 5.5% CAGR and reach US$ 94.5 billion by 2034-end.
The market is expected to create an absolute $ opportunity of US$ 39.4 billion and reach a size of US$ 94.5 billion by the end of 2034.
East Asia is estimated to hold a market share of 13% in 2024.
Leading market players include Abbott, My Lunch Buddy, Good Wolf, Mead Johnson & Company LLC, Danone, Nestlé, Perrigo Company Plc, Arla Foods Amba, Yamo AG, Nutribed Foods, and Else Nutrition,.
Retail sales of kids' nutrition products are forecasted to increase at a CAGR of 5.8% from 2024 to 2034.
Top Key Players are
Abbott
My Lunch Buddy
Good Wolf
Mead Johnson & Company LLC
Danone
Nestle
Perrigo Company Plc
Arla Foods Amba
Yamo AG
Nutribed Foods
Else Nutrition
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Market Growth Strategies
Leading manufacturers of kids' nutrition products are drastically modifying their product portfolios according to demographics and psychographic analysis. Key market players are adopting various strategies to stay competitive in the market such as mergers & acquisitions and technological advancements. These strategies help improve companies' market position globally.
In 2021, Abbott invested US$ 45 million in research aimed at identifying and preventing malnutrition. Abbott aims to reduce the prevalence of malnutrition globally with the creation of the "Abbott Centre for Malnutrition Solutions."
About Fact.MR
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
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