#Kids #Nutrition #Market #Reach #USD #Billion
Newark, Oct. 20, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global kids’ nutrition market is expected to grow from USD 47.91 billion in 2021 to USD 85.88 billion by 2030, at a CAGR of 6.70% during the forecast period 2022-2030.
The growing awareness about the benefits of healthy eating habits among kids is anticipated to expand the kids’ nutrition industry demand during the projection period. Moreover, the ever-increasing prevalence of childhood obesity and overweight and growing initiatives by governments & regulatory bodies worldwide are also helping to propel market growth. However, there are essential regulatory gaps in the kid’s nutrition sector, which permits low-quality supplements to enter the industry and is restraining market growth. Furthermore, strong advertisements by the companies & the high investment in marketing are opportunities for market growth.
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To enhance their market position in the global kids’ nutrition market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
Market Growth & Trends
The growth of the kids’ nutrition market is driven by the emergence of nutritious food brands under the category and the growing demand for healthy baby food. Moreover, the growing online distribution channels is the market growth trend. In addition, the increasing expenditure on child nutrition by government & private organizations and the proliferation in the spending power of customers is also helping to drive the market growth. Further, the easy availability in the online & offline stores and the low prices of the products induced higher purchasing among the people during the pandemic. Moreover, online shopping allows customers to…