Global Infant Nutrition Market 2023-2030

Global Infant Nutrition Market 2023-2030

Global Infant Nutrition Market Size, Share & Trends Analysis Report Market, by Infant Formula (First Infant Formula, Follow-On Formula, Growing-Up Formula, and Specialty Baby Formula) and by Baby Food (Prepared Food, Fried Food, and Others), Forecast Period (2023-2030)

The global infant nutrition market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The infant nutrition market is driven by the increasing adoption of prepared organic baby food due to busy lifestyle, rising number of strategic investments in the infant nutrition category. A significant increase in the working mother population, higher spending on baby health, and the rising demand for organic baby food has further contributing to the market growth. Over the past few years, there has been a remarkable increase in the population of young working mothers.

For instance, according to the data published by Office for National Statistics (ONS) of the United Kingdom in 2021, the number of mothers in the labor market had grown substantially over the last two decades. From April to June 2021, three in four mothers (75.6%) were working in the UK, reaching its highest level in the equivalent quarter over the last 20 years, up from 66.5% in 2002. In 2021, the employment rate for mothers (75.6%) was greater than that for women without dependent children (69.1%). The low wages and high cost of living in cities have increased the number of women working to support their families. Therefore, this factor has been driving the infant food nutrition market, as working mothers are primarily dependent on processed child nutrition products.

Mother milk is the best food for infants however, stress seems to be a common problem among working mothers that causes low milk production in them. These factors have encouraged the adoption of convenience-oriented lifestyles, making infant nutrition and baby foods more desirable. However, concerns regarding food safety and stringent regulations for infant food are anticipated to restrain market growth.

Segmental Outlook

The global infant nutrition market is segmented based on product type. Based on product type, the market is segmented into infant food and baby food. The infant food market is sub-segmented into first infant formula, follow-on formula, growing-up formula, and specialty baby formula. Based on baby food, the market is sub-segmented into prepared food, dried food, and other baby foods.

Infant Food Held Major Market Share in Global Market

Dried baby food products are easy to carry and consume and hence held major share in the market. Nutrient-rich formula and the option of lactose- and soy-free milk versions make this a good option, especially for working women. New product launches in this category is further driving the market growth. For instance, in February 2021, the company planned to launch instant baby cereal, pureed fruits and vegetables, freeze-dried finger foods, and teething biscuits in the near term.

Regional Outlook

The global infant nutrition market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North America held considerable share in the global infant nutrition market. The presence of key market players with their promising products, and growing expenditure on baby’s health is some of the key factors that are contributing to the potential share of the regional market.

Asia-Pacific to Exhibit Fastest CAGR in the Global Infant Nutrition Market

Asia-Pacific is anticipated to exhibit highest CAGR during the forecast period. The increasing awareness about the consumption of organic baby foods among consumers while selecting the right food for their babies. The convenience of baby cereals, as well as the growing range of flavors and varieties, continues to encourage mothers to buy them as a weaning food. To cater growing demand for infant nutrition, key players are making new product launches. For instance, in March 2019, Indian brand Mimmo Organics has so far launched a variety of pasta for children aged 10 months and older, as well as teething wafers and tender yums. The ingredients used in these products include ragi, millet, buckwheat, and whole wheat.

China forms a lucrative market offering potential growth opportunities for the key players in the global marketplace. The country remains a strong market for infant nutrition, driven by product innovation and a preference for imported products. The relaxation of China’s one-child policy could also bring a positive impact on pre-packaged baby foods. The potential of increasing wealth and a rising number of newborns give China’s baby food and drink manufacturers adequate stimulus to develop packaged organic food products to cater to the consumer demand for better quality baby food and drink.

Market Players Outlook

The major companies serving the global infant nutrition market include Abbott Laboratories, BABY GOURMET, Danone S.A., Reckitt Benckiser Group PLC, and Nestle S.A. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global infant nutrition market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.