Press release
Baby Electrolyte Market Size Expected to Reach $2.9 Billion by 2031
According to a new report published by Allied Market Research, titled, "Baby Electrolyte Market," The baby electrolyte market size was valued at $1.2 billion in 2021, and is estimated to reach $2.9 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.Download Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/54114
The primary factor driving the growth of the global baby electrolyte industry is a significant increase in the prevalence of diarrheal illness in newborns. Globally, diarrheal illness is the second most common cause of death among children. According to the World Health Organization (WHO), diarrhea kills around 525,000 children aged 5 years or below every year. It accounted for around 9% of global child deaths in 2019. Use of antibiotics by the newborn or mother while breastfeeding, dietary changes, bacterial infections, parasite infections, and cystic fibrosis are among the major causes of diarrhea in infants. Thus, it is anticipated that rise in prevalence of diarrhea among infants will fuel the baby electrolyte market growth. Further, the need for infant electrolytes is increasing globally due to parents' growing awareness of dehydration and associated symptoms.
Abbott Laboratories, The Hain Celestial Group, Inc., Johnson & Johnson, Cipla Ltd., Sanofi, Cera Products, Inc., Monico S.p.A., Mead Johnson & Company, LLC., Kinderfarms, LLC., FDC Limited, Unilab, Inc., Prestige Consumer Healthcare, Inc., Halewood Laboratories Pvt. Ltd., Goodonya, and Otsuka Holdings Co., Ltd. are the major companies profiled in the baby electrolyte market report. These players are constantly engaged in various developmental strategies such as partnerships, mergers, acquisitions, and new product launches to gain a competitive edge and exploit the prevailing baby electrolyte market opportunities.
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The introduction of smart baby pacifiers may increase baby electrolyte demand. Smart baby pacifiers can take newborn saliva samples, measure the salt & potassium levels, and send the results to healthcare professionals in real-time. Analyzing a baby's level of hydration using conventional procedures takes time and is invasive. As a result, smart pacifiers can swiftly and frequently check hydration levels and alert medical professionals when an intervention is required. One of the main causes of death among infants under the age of five is complications connected to the preterm birth of babies. Dehydration is common among the prematurely born babies, which can directly boost the demand for the baby electrolyte. The World Health Organization (WHO) estimates that 15 million babies globally are born prematurely each year. Rise in preterm birth rates and development of smart pacifiers as a result of technological improvements are anticipated to favorably impact the growth of the global baby electrolyte market demand.
As per the baby electrolyte market analysis, the market is analyzed on the basis of form, application, flavor, distribution channel, and region. By form, the market is classified into liquid, powder, and others. Depending on application, the market is categorized into up to 12 months, 12 to 36 months, and 36 to 60 months. On the basis of flavor, the market is segmented into apple, strawberry, orange, unflavored, and others. As per distribution channel, the market is categorized into modern trade and general trade. The modern trade segment is further divided into supermarkets & hypermarkets, pharmacy or medical stores, convenience stores, and online stores. General trade is categorized into pharmacy or medical stores, convenience stores, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, and rest of LAMEA).
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Key findings of the study
The baby electrolyte market was valued at $1,206.8 million in 2021 and is estimated to reach $2,922.7 million by 2031, growing at a CAGR of 9.4% during the forecast period.
On the basis of form, the others segment is estimated to witness the fastest growth, registering a CAGR of 10.2% during the forecast period.
By flavor, the unflavored segment dominated the market in 2021.
As per application, the up to 12 months segment is estimated to witness the fastest growth, registering a CAGR of 10.1% during the forecast period.
According to region, the U.S. was the most prominent market in North America in 2021 and is projected to grow at a CAGR of 10.1% during the forecast period.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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