Infant Nutrition Market By Product Type (Follow-on Milk, Specialty baby milk, Infant Milk, Prepared baby food, Dried baby food), By Form (Solid baby food, Liquid baby food), By Distribution Channel (E-Commerce, Offline channel): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global infant nutrition market was valued at $45.5 billion in 2022, and is projected to reach $95.5 billion by 2032, growing at a CAGR of 7.7% from 2023 to 2032.
Infant nutrition is essential for the growth of infants due to rise in cases of malnutrition across the globe. Moreover, organ systems are not fully developed in children under the age of one. To develop normally, they require nutrition that is simple to digest and rich in the necessary amounts of calories, vitamins, minerals, and other nutrients, which can be provided through infant nutrition products.
Furthermore, as awareness of the advantages of a baby's balanced nutrition has grown, the demand for dried baby food has grown significantly over time. The market is stimulated to some extent by the dried baby food items' longer shelf lives. The baby food business has expanded as a result of evolving socioeconomic conditions and an improvement in living standards brought on by a significant increase in disposable income. Moreover, the adoption of baby food products has increased as a result of rise in the number of women working in professional fields, shorter maternity leaves, and time restrictions on meal preparation at home.
Dietary recommendations for feeding newborns have evolved throughout time. In addition, consumers are becoming more conscious of the importance of a nutritious diet for a baby's development. As a result, numerous businesses have added healthy & useful ingredients to their infant food products to increase the nutritional content. The government has simultaneously started initiatives to promote baby care awareness. Moreover, the market is growing as a result of increase in internet advertising for goods linked to baby food.
Global per capita income has increased significantly in recent years, particularly in emerging economies. The adoption of convenience-oriented lifestyles has been encouraged in many developing and developed markets due to increase in urbanization, rise in middle class consumption, and increase in rates of female labor force participation. This has increased consumer demand for infant nutrition products such as baby formula and prepared baby food. In addition, during the next ten years, per capita income in emerging countries will increase dramatically relative to wealthier nations.
The infant nutrition market is segmented on the basis of product type, form, distribution channel, and region. Depending on product type, it is categorized into follow-on milk, specialty baby milk, infant milk, prepared baby food, and dried baby food. According to form, it is bifurcated into solid baby food and liquid baby food. As per distribution channel, it is divided into e-commerce and offline channels. Moreover, the market is further classified into third-level segmentation through the distribution channel. Depending on offline channel, it is fragmented into hypermarkets/supermarkets, convenience stores, pharmacy, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Switzerland, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, UAE, and rest of LAMEA).
The key players operating in the infant nutrition industry include Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckise (Mead Johnson & Company LLC), Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the infant nutrition market analysis from 2022 to 2032 to identify the prevailing infant nutrition market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the infant nutrition market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global infant nutrition market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Distribution ChannelE-Commerce
Offline channel
Sub Type
Pharmacy
Convenience Stores
Hypermarkets/Supermarkets
Others
By Product TypeFollow-on Milk
Specialty baby milk
Infant Milk
Prepared baby food
Dried baby food
By FormSolid baby food
Liquid baby food
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Switzerland
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
UAE
Rest of LAMEA
Key Market Players
Abbott Laboratories
Arla Foods amba
DANA DAIRY GROUP LTD.
Danone S.A.
Gujarat Cooperative Milk Marketing Federation Ltd.
Nestle S.A.
Perrigo Company plc
Reckitt Benckiser Group PLC
Sun-Maid Growers of California, Inc.
The Kraft Heinz Company
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