USD 64.82 billion
Report ID: SQSG30I2042 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 98 | Figures: 76
Global Infant Nutrition Market size was valued at USD 64.82 billion in 2021 and is poised to grow from USD 87.12 billion in 2022 to USD 110.2 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).
The infant nutrition business is focused on meeting the nutritional needs of babies aged 0-3 years as a substitute for human breast milk, as nearly as possible replicating its nutritional makeup. Infant formula is available in liquid, powder, and ready-to-use forms, with dairy serving as the primary component in all of them.
The demand for baby nourishment remained stable during the pandemic scenario, but the long-term consequences are difficult to predict because to supply chain disruptions and the product's negative influence on global trade. Furthermore, growing worries about the newborn's health, since they are at high risk of infection, are causing parents to choose premium goods, which strengthens the baby's immunity.
US Infant Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 64.82 billion
To get more reports on the above market click here to Buy The Report
The Global Infant Nutrition Market is segmented based on Type and Region. Based on the Type, the Global Infant Nutrition Market is segmented as Vitamins, Minerals, Carotenoids, Probiotics, Proteins, Amino Acids, Carbohydrates, Fats & Fatty Acid, Lipids, Enzymes, and Others. Based on Distribution the Infant Nutrition Market is segmented into online, and offline. In terms of formulations, the Infant Nutrition Market includes solid, and liquid. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Infant Nutrition Market Analysis by Type
In terms of type, probiotics accounted for a major market revenue share in 2021 and is estimated to show similar trend over the forecast period. The worldwide infant nutrition industry is expanding, with excellent prospects for rapid expansion in the sector due to a flurry of innovation involving critical components like as probiotics and human milk oligosaccharides. In recent years, there has been an increase in demand for clean label, plant-based, and organic products. The growing consumer trend away from chemical components and toward all-natural and plant-based ingredients is expected to drive the growth of organic and clean-labelled infant feeding products.
To get detailed analysis on other segments, Request For Sample Report
Asia Pacific is the world's largest market for baby nourishment products. During the projection period, the regional market is expected to grow at a CAGR of more than 8% by 2028. The regional market is primarily driven by high birth rates, which create considerable demand. The strong impetus supplied to the local sector, as well as the increased reliance on imports, have further fuelled market expansion, as has growing demand for better, quality, and premium items. Another important factor for the region's supremacy is the presence of China, which is the world's largest consumer of newborn and baby food products. Furthermore, China's decision to end its "one-child" policy and an increase in the country's birth rate are expected to boost market development.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Infant Nutrition Market Driver
The increasing number of working mothers
Infant Nutrition Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The baby formula market has been heavily consolidated, with four global manufacturers controlling the industry. Among these companies are Danone, Nestlé, Abbott, and Mead Johnson. Nestlé has a market share of more than 20% in baby formula, followed by Danone, which has a market share of more than 10%. Abbott and Mead Johnson together control more than 10% of the market.
The industry's primary leading companies control the worldwide Infant nutrition market due to their extensive global reach and trustworthy dispersed systems. For instance, Nestle SA is a market leader in new-born nutrition and baby food. In 2021, the corporation had a significant global presence, with more than 10% of the global market share in the baby formula area.
The company's major methods for competing in the global market are innovation and commercial expansion. To compete, these companies employ a variety of business strategies, such as establishing long-term supply agreements with several distribution channels. Due to the availability of a target consumer base in the area, major firms have increasingly focused on entering Southeast Asian markets in recent years.
Infant Nutrition Market Top Player's Company Profiles
Infant Nutrition Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Our Market Analysis, the popularity of hypermarkets/supermarkets in the developed and developing world is growing due to increased expanding working-class population, urbanisation, and competitive price. Plus, there is a rise in the number of working mothers who choose baby milk for their new-borns because nursing is not always an option. Furthermore, many working mothers return to work soon after giving birth, forcing them to rely on alternatives such as baby milk to feed their kid. Hence, driving the moms to nearby supermarket to purchase an infant nutritional product.
|Market size value in 2021||USD 64.82 billion|
|Market size value in 2030||USD 87.12 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Infant Nutrition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Infant Nutrition Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Infant Nutrition Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Infant Nutrition Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQSG30I2042