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13-Jun-2024

Children’s Health Supplement Market Projected to Hit US$ 3,985.4 Million by 2034 Increasing Awareness of Health Benefits

Children’s Health Supplement Market

In its latest report, Future Market Insights (FMI) projects the global children’s health supplement market to witness significant growth over the next decade. The market is expected to surge from a valuation of US$ 2,520.1 million in 2024 to an impressive US$ 3,985.4 million by 2034, reflecting a robust CAGR of 4.7%. This upward trajectory is primarily driven by rapid urbanization, particularly among working mothers, and the increasing awareness of the health benefits of children’s supplements.

Key Market Insights

  • Market Size (2024): US$ 2,520.1 million
  • Market Forecast (2034): US$ 3,985.4 million
  • CAGR (2024 to 2034): 4.7%

Access Free Sample Copy: https://www.futuremarketinsights.com/reports/sample/rep-gb-19517

Drivers of Market Growth

The growing number of women in the workforce is leading to a greater reliance on commercial baby health supplements. This trend is fueled by the demand for easily accessible and nourishing baby food options, such as children’s health supplements. Parents are increasingly recognizing the potential health benefits of these supplements, viewing them as viable alternatives to traditional nursing.

Additionally, the popularity of ready-to-feed products and the availability of various health supplements, including powder infant formulas and dietary foods, are significantly contributing to market growth. The rising demand for children’s health supplements made with purified protein is anticipated to be a key factor propelling the market forward by 2034. Moreover, substantial investments by key companies to develop high-quality supplements and innovations in supplement formulations are further augmenting market expansion.

Historical Trends and Future Projections

The global sales of children’s health supplements have seen steady growth, driven by the popularity of multivitamin and mineral supplements designed to fill nutritional gaps in children’s diets. Emphasis on essential nutrients such as vitamin D, calcium, iron, omega-3 fatty acids, and probiotics has been significant in addressing common deficiencies.

Market Dynamics and Emerging Opportunities

E-commerce is transforming the distribution landscape of children’s health supplements, making it easier for customers to access a wide range of products online. This convenience, coupled with an increasing number of parents adopting children worldwide, is expected to boost the market globally.

Leading companies are now offering personalized supplements tailored to children’s specific nutritional needs based on age, diet, and health goals. Brands that provide evidence-based information and maintain transparency in their sourcing and manufacturing processes are gaining the trust of parents seeking reliable supplements for their children.

Our Experts Provide You Customized Reports: https://www.futuremarketinsights.com/customization-available/rep-gb-19517   

Regional Market Outlook

The global market is dominated by regions like North America, Europe, Asia-Pacific (APAC), Middle East, and Africa. The United States is set to remain at the forefront, with its market valuation projected to reach US$ 1,054.8 million by 2034. Other significant markets include China (US$ 204.7 million) and Germany (US$ 169.8 million).

India: A Key Market

In India, the growing number of companies and high investments in research and development efforts are propelling market growth. Rapid urbanization and increased disposable income are leading parents to seek supplements to fill nutritional gaps in their children’s diets.

China: Rising Disposable Income

In China, increasing disposable incomes among families are enabling greater investment in children’s health supplements. The government’s initiatives to promote child health and nutrition are also contributing to market growth.

Japan: Preference for Ready-to-eat Products

Japan’s preference for convenient, ready-to-eat products is driving market growth, with companies focusing on clean-label manufacturing and innovative marketing techniques.

Competitive Landscape

Leading companies in the children’s health supplement market are pursuing strategic alliances, partnerships, and innovative product development to meet the growing demand. Key players include Nestlé S.A., Abbott Laboratories, Pfizer Inc., Reckitt Benckiser Group plc, Sanofi S.A., The Nature’s Bounty Co., Bayer AG, Himalaya Wellness Company, Church & Dwight Co. Inc., and Mead Johnson Nutrition Company.

Recent Developments

  • BASF partnered with Sinopec to expand its Verbund site in Nanjing, China.
  • Danone Early Life Nutrition introduced a new infant formula mimicking mother’s milk structure in China.
  • Nestle’s Gerber received clean-label certifications from a renowned non-profit clean-label project.

Full Report Revealed: https://www.futuremarketinsights.com/checkout/19517

Market Segmentation of Children’s Health Supplement Products

By Product Type:

  • Vitamin and Minerals
  • Protein
  • Omega-3
  • Prebiotics & Probiotic Supplements
  • Other

By Application:

  • Infant Milk
  • Snacks
  • Protein Drinks
  • Bar
  • Others

By Age Group:

  • Infants
  • Children
  • Adolescents

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Authored by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI’s related ongoing Coverage in Food and Beverage Domain:

The Vegan Vitamins and Supplements market is anticipated to expand at a CAGR of 6.10% during the forecasted period.

The global dietary supplement market size is expected to attain a valuation of around US$ 170.1 billion by 2034.

The global brain health supplement market size is expected to reach US$ 15,180 million by 2034, up from US$ 8,200 million in 2024.

Editor Details

Last Updated: 13-Jun-2024