The children's health supplement market in the United States is projected to reach USD 1054.8 million by 2034, driven by increasing parental demand for health-focused products. This growth reflects a broader societal shift towards healthier lifestyles and a stronger emphasis on childhood nutrition and well-being
NEWARK, DE / ACCESSWIRE / August 5, 2024 / According to Future Market Insights (FMI), the global children's health supplement market is projected to grow substantially, from USD 2,520.1 million in 2024 to USD 3,985.4 million by 2034. The market is set to surge at a CAGR of 4.7% during the forecasted period.
Rising awareness among parents and caregivers about the importance of children's nutrition and overall health is a primary factor fueling the market growth. With increasing concerns about childhood obesity, nutritional deficiencies, and lifestyle-related diseases, parents are increasingly turning to supplements to bridge potential gaps in their children's diets.
The modern lifestyle characterized by busy schedules and reliance on processed foods has led to a growing demand for convenient and easily consumable nutritional solutions. Children's health supplements offer a convenient way for parents to ensure their children receive essential vitamins, minerals, and other nutrients necessary for growth and development.
The rising number of working mothers, spending on baby health care, and demand for organic health supplements are the other aspects propelling the growth in the industry. Raising parental knowledge of the possible advantages of baby formula for the growth and development of their children is a key factor behind the industry's growth.
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Key Takeaways from the Report:
The global children's health supplement market is set to reach a valuation of USD 3,985.4 million by 2034.
The market is projected to surge at a CAGR of 4.7% over the forecast period.
The United States is set to rise at a CAGR of 4.4% during the forecasted period.
India is estimated to grow at a CAGR of 4.5% during the forecast period.
China is set to reach USD 204.7 million by 2034.
"The global children's health supplement market is experiencing rapid growth due to increased consumer awareness and demand for healthier products. However, challenges like stringent regulatory compliance, higher manufacturing costs, less awareness, especially in rural areas, and limited availability are set to impact its widespread adoption." - says Nandini Roy Choudhury, Client Partner at Future Market Insights
Competitive Landscape
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, are the key companies in the market.
Manufacturers are diversifying their product portfolio by researching and developing new products, using innovative ingredients, and focusing on partnerships, mergers, acquisitions, and collaborations. These growth strategies attract new investors and lead to market growth through process and product development.
For instance,
In 2023, Nestle's Gerber, a leading early childhood nutrition company, received clean-label certifications from a renowned non-profit clean-label project.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global children's health supplement market, presenting historical demand data (2019 to 2023) and forecast statistics for the period from 2024 to 2034.
The study provides compelling insights into the children's health supplement market segment based on product type (vitamin and minerals, protein, omega-3, prebiotics & probiotic supplements, and other), application (infant milk, snacks, protein drinks, bar, others), age group (infants, children, and adolescents), and region.
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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.
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