08 Feb 2021
Demand for maternal nutrition products is driven majorly by North America, with nearly one-fourth of the production cluster positioned in the country, and favourable economy winds will bolster the market over the coming years. Key driving factors for maternal nutrition product demand are increasing manufacturing facilities and new entrants on the supply side.
Increasing consumer awareness about nutrition, especially pregnant women, will act as a proverbial key to the success of maternal nutrition products. Apart from these demand and supply factors, macroeconomic factors such as increased healthcare spending and maternal care subsidies will act as strong market driving factors for maternal nutrition products, where demand for multivitamins is seen to be surging.
Fact.MR predicts to global maternal nutrition products market to progress at a healthy CAGR of more than 5% over the forecast period of 2020 to 2030.
The market is moderately consolidated in nature, with medium to large manufacturers such as Abbott, Koninklijke DSM N.V, Arla Food Ingredients Group, GlaxoSmithKline plc, Nestle SA, and others contributing nearly 40% to the market share. Higher dollar opportunity and growing investments are burgeoning the number of players in the maternal nutrition products space. Moreover, incentives provided by regional governments to manufacturers will lower cost and increase the margins of players.
Connecting the dots, the market will lose consolidation, and market giants will observe volatile price elasticity over the coming years.
Fact.MR, in its new offering, presents an unbiased analysis of the global maternal nutrition products market, presenting historical demand data (2015-2019) and forecast statistics for 2020 - 2030. The study divulges essential insights on the market based on nutrition (multivitamin, vitamin B, vitamin D, omega 3/6/9, calcium, probiotics, and others), use case (preconception, pregnancy, and postpartum), form (tablets, capsules, and powder), and distribution channel grade (modern trade, specialty stores, online retailers, pharmacy stores, and other sales channels), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Oceania).
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Food & Beverages team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the Food & Beverages industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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Santosh Kumar
Fact.MR
Sr. Consultant - Food & Beverages
E-mail: santosh@factmr.com
Maternal Nutrition Product Market
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