The Global PediatricNutrition Market, by Product Type (Milk-based, Soy-based, Organic,Prebiotic/Probiotic, Amino Acid-based, and Others), by Age Group (Infant andChildren), by Formulation (Powder and Liquid), by Application (Brain Development, NutritionSource (Sole Source and Supplements), Metabolic Disorders (Maple Syrup Disease,Phenylketonuria, Insulin Resistance, and Others), Allergy Management (Cow’sMilk Protein Allergies, Lactose Intolerance, and Others)), by DistributionChannel (Online Stores and Retail Stores), and by Region (North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa) was valued at US$35,211.6 million in 2016 and is projected to exhibit a CAGR of 6.4% over theforecast period (2017–2025). Increasing demand for pediatric nutrition in AsiaPacific, high availability of a wide range of nutritional products, includingproducts for children with special needs, and price competitiveness amongleading players to gain market share are some of the major drivers for growthof the pediatric nutrition market. China is the major source of revenue forcompanies such as Nestle S.A., Mead Johnson Nutrition, and Abbott Laboratories,operating in this market. For instance, Mead Johnson Nutrition generated around30% of its revenue in 2016, from China alone. Increasing number of smallplayers are entering into China is also responsible for growth of the market inthe country. Several rules to monitor the quality of pediatric nutrition areincreasingly being implemented in China. According to a new regulation,effective from January 1, 2018, factories are required to register theirproducts with China’s Food and Drug Administration and pass safety inspectionsfor marketing. Products not certified by the government are banned.
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In August 2017, regulators inChina approved 89 products manufactured by 22 companies in its firstannouncement related to a new rule. Out of these 22, five multi-nationalcompanies are Nestle S.A., Mead Johnson Nutrition, Abbott Laboratories, WyethNutrition, and Royal Friesland Campina.
Browse 40 Market Data Tables and54 Figures spread through 197 Pages and in-depth TOC on Pediatric NutritionMarket, by Product Type (Milk-based, Soy-based, Organic, Prebiotic/Probiotic,Amino Acid-based, and Others), by Age Group (Infant and Children), Formulation(Powder and Liquid), by Application (Brain Development, Nutrition Source (SoleSource and Supplements), Metabolic Disorders (Maple Syrup Disease, Phenylketonuria,Insulin Resistance and Others), Allergy Management (Cow’s Milk ProteinAllergies, Lactose Intolerance and Others)), by Distribution Channel (OnlineStores and Retail Stores), and by Region (North America, Latin America, Europe,Asia Pacific, Middle East, and Africa) - Global Forecast to 2025.
Companies in the pediatricnutrition market are increasingly focusing on inorganic growth strategies. In2013, Nestle S.A. acquired U.S.-based Pamlab L.L.C., Covington, La., a medicalnutrition company, to broaden its brain health and metabolic health portfolio.Moreover, the company has made strategic investment in companies working onsimilar product lines. For instance, Nestle S.A. entered into a strategiccollaboration with DBV Technologies, to develop a patch-test tool for diagnosisof Cow’s Milk Protein Allergy (CMPA) for infants, in 2016. Furthermore, thecompany decided to reorganize its nutrition business in order to win in thishigh-growth category, in November 2017. Reckitt Benckiser Group plc acquiredMead Johnson Nutrition, a leading company in pediatric nutrition, in June 2017.This acquisition significantly enhances the position of Reckitt Benckiser inthe consumer health segment.
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Key Takeaways of the PediatricNutrition Market:
The global pediatric nutritionmarket is expected to exhibit a CAGR of 6.4% over the forecast period (2017 –2025), owing to growing product portfolio to serve diverse range of customersand greater adoption rate in emerging economies of Asia Pacific
Changing regulations in countriessuch as China is expected to favor growth of large companies. Moreover,inclination towards imported products has also helped multi-national companiesto expand their market in the country.
Asia Pacific is expected toretain its dominance during the forecast period (2017-2025), owing to highbirth rate and increasing disposable income in the region
The market is witnessing multiplemergers and acquisitions and this trend is expected to sustain during theforecast period, as smaller players are expected to face difficulty inoperating profitably while complying with changing regulation
Major players operating in thepediatric nutrition market include Reckitt Benckiser Group Plc, Nestlé S.A.,Abbott Laboratories, Groupe Danone, Royal FrieslandCampina, BaxterInternational Inc., Fresenius Kabi, and B. Braun Melsungen AG
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