Baby Electrolyte Market Report 2024 - Baby Electrolyte Market Trends And Share

"The Business Research Company recently released a comprehensive report on the Global Baby Electrolyte Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The baby electrolyte market size has grown strongly in recent years. It will grow from $1.26 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to rising incidences of dehydration in infants, healthcare awareness, advancements in pediatric healthcare, improved access to healthcare, economic growth, government initiatives, and retail expansion.

The baby electrolyte market size is expected to see rapid growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to increasing birth rates, rising health consciousness, innovation in product formulation, expansion of e-commerce, urbanization and lifestyle changes, healthcare infrastructure development, marketing, and promotional activities. Major trends in the forecast period include technological advancements, personalized nutrition, natural and organic ingredients, sustainable packaging, enhanced flavors and varieties, smart packaging, and mobile health apps.

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Market Drivers and Trends:
The growing prevalence of nutritional deficiencies is expected to propel the growth of the baby electrolyte market going forward. Nutritional deficiencies refer to the lack of essential nutrients in the diet, which leads to various health problems. The prevalence of nutritional deficiencies is due to poor dietary choices, a lack of access to nutritious foods, and insufficient knowledge about balanced nutrition. Baby electrolyte solutions address and prevent nutritional deficiencies in infants by providing essential nutrients, ensuring proper hydration, and supporting overall health and well-being. For instance, in May 2023, according to the World Health Organization, a Switzerland-based agency of the United Nations responsible for international public health, in 2034, anemia (a medical condition characterized by a deficiency of red blood cells or hemoglobin) globally affected an estimated 40% of children aged 6 to 59 months, 37% of pregnant women, and 30% of women aged 15 to 49. Further, Africa and South-East Asia are the most severely impacted regions, with 106 million women and 103 million children affected in Africa and 244 million women and 83 million children affected in South-East Asia. Therefore, a growing prevalence of nutritional deficiencies drives the baby electrolyte market.

Major companies operating in the baby electrolyte market are focusing on developing advanced formulations and enhanced nutritional profiles, such as apple-flavored electrolytes, to meet the evolving needs of consumers. Apple-flavored electrolyte encourages fluid intake and helps provide essential nutrients to meet the specific needs of infants and young children. For instance, in June 2022, Otsuka Pharmaceutical Factory Inc., a Japan-based IV solutions manufacturing company, launched OS-1 Apple Flavor in 300-mL and 500-mL PET bottles. This new product offers the same concentrations of ingredients for water and electrolyte replenishment as the original OS-1 but with an apple flavor. It is designed to serve as a dietary therapy for mild-to-moderate dehydration and is approved by the Consumer Affairs Agency as a food for special dietary use. OS-1 intake should be adjusted based on the degree of dehydration for older children, young children, and infants.

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Major Key Players of the Market:
Pfizer Inc., Johnson And Johnson, Bayer AG, Sanofi S.A., Abbott Laboratories, Danone S.A., Kimberly-Clark Corporation, Reckitt Benckiser Group plc, Goodonya and Otsuka Holdings Co. Ltd, Otsuka Pharmaceutical Co. Ltd., Perrigo Company plc, Mead Johnson And Company LLC., Cipla Ltd., Nestlé Health Science, Unilab Inc., The Hain Celestial Group Inc., Prestige Consumer Healthcare Inc., Plum Organics, Nuun And Company Inc, Hydralyte PTY LTD, Meda Consumer Healthcare Inc., Halewood Laboratories Pvt. Ltd., The Kinder Farmaceutical Company, Monico S.p.A., Refresh LLC, SOS Hydration Inc., Vida Products Inc., Lyteline LLC, DripDrop Inc.

Baby Electrolyte Market 2024 Key Insights:
• The baby electrolyte market size is expected to see rapid growth in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
• Growing Prevalence Of Nutritional Deficiencies Drives Baby Electrolyte Market Expansion
• Advancements In Baby Electrolytes Is Enhancing Palatability And Nutritional Support With Apple-Flavored Solutions
• North America was the largest region in the baby electrolyte market in 2023

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This release was published on openPR.