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Infant Nutrition Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 July 06
SKU : FB1615
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180 pages
Report Summary
Table of Contents
List of Tables

Infant Nutrition Market is segmented By Product Type (Infant Formula (First Infant Formula, Follow-on Formula, Growing-up Formula, Specialty Baby Formula), Baby Food (Prepared Food, Dried Food, Other Baby Foods), By Form (Powder, Liquid, Ready-to-eat),  By Distribution channel (Online stores, Specialty stores, Supermarkets, Pharmacy stores, others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

 

Infant Nutrition Market Overview

The global infant nutrition market was valued at USD 44,436 million in 2022 and is projected to witness lucrative growth by reaching up to USD 79,843 million by 2030. The market is growing at a CAGR of 7.6% during the forecast period (2023-2030). Infant nutrition products are widely used by parents and caregivers as an alternative to or supplement to breast milk. While breast milk is generally considered the optimal source of nutrition for infants, not all parents can breastfeed, and there may be situations where infant formula or other products are needed to support the nutritional needs of the infant.

Global Infant Nutrition Market Overview

 

The benefits of infant nutrition products include supporting healthy growth and development, providing essential nutrients, and promoting immune function. Infant formula products are designed to mimic the nutritional composition of breast milk and are often fortified with additional vitamins, minerals, and other nutrients to support infant health. The infant nutrition market is a large and growing industry, driven by increasing birth rates, changing dietary habits, and a growing awareness of the importance of early childhood nutrition.

 

Infant Nutrition Market Scope and Summary

Metrics

Details

CAGR

7.6%

Size Available for Years

2021-2030

Forecast Period

2023-2030

Data Availability

Value (USD ) 

Segments Covered

Product Type, Form, Distribution Channel, and Region

Regions Covered

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Fastest Growing Region

Asia Pacific

Largest Region

North America

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

For More Insights Download Sample

 

Infant Nutrition Market Dynamics and Trends

The Increasing Birth Rates Globally Are Driving The Growth Of The Infant Nutrition Market

According to data from the United Nations, the global birth rate has been steadily increasing over the past few decades. In 2020, the estimated global birth rate was 18.4 births per 1,000 population, up from 17.6 births per 1,000 population in 2000. This represents an increase of 4.5% over the past two decades.

Negative Perceptions About The Product Are Holding Back The Infant Nutrition Market Growth

Negative perceptions about infant nutrition products can be a significant restraint on the growth of the market. One example is the 2008 melamine contamination scandal in China, where infant formula was found to be contaminated with the industrial chemical melamine. This led to widespread consumer mistrust of infant formula brands, and many parents turned to alternative sources of infant nutrition or imported infant formula from other countries. This led to widespread consumer mistrust of infant formula brands, and many parents turned to alternative sources of infant nutrition or imported infant formula from other countries.

 

Infant Nutrition Market Segment Analysis

The global infant nutrition market is segmented based on product type, form, distribution channel, and region.

The First Infant Formula Segment Holds The Largest Market Share Of The Infant Nutrition Market

Infant Nutrition Market Segmentation Analysis

 

The first infant formula is widely recognized and also known as cow's milk-based formula holds the largest market share in the infant nutrition market. One of the major reasons is that cow's milk-based formula is nutritionally complete and provides a balance of essential nutrients required for infant growth and development. This formula is designed to mimic the nutritional composition of breast milk, and it is often recommended by healthcare professionals as a suitable alternative for infants who are not breastfed. 

 

Infant Nutrition Market Geographical Penetration

North America is Expected To Dominate The Global Infant Nutrition Market During The Forecast Period

Infant Nutrition Market Geographical Penetration

 

North America holds the largest market share in the infant nutrition market due to several factors, including the high demand for infant nutrition products, a strong healthcare system, and high disposable income levels. According to the Centers for Disease Control and Prevention (CDC), approximately 83% of infants born in the United States were breastfed at some point in 2018. However, the CDC also notes that many infants are supplemented with infant formula, particularly in the first few months of life. This high demand for infant nutrition products in the United States and other North American countries, such as Canada, has contributed to the region's dominant market share.

 

Infant Nutrition Companies and Competitive Landscape

The major global players include Abbott Laboratories, Baby Gourmet Foods, Inc., Bellamy's Australia Limited, Danone S.A., Royal FrieslandCampina NV, Reckitt Benckiser (Mead Johnson), Nestlé S.A., Perrigo Company Plc, Parent's Choice Infant Formula, and The Kraft Heinz Company. 

 

COVID-19 Impact on Infant Nutrition Market

COVID Impact

The COVID-19 pandemic has had a significant impact on the infant nutrition market, both in terms of supply and demand. One of the primary impacts of the pandemic on the infant nutrition market has been disruptions to the supply chain. Manufacturers of infant formula and related products have faced challenges sourcing raw materials, shipping products, and meeting demand due to pandemic-related disruptions. This has led to temporary shortages and price increases in some markets. 

Infant Nutrition Market Global Impact Analysis

 

AI Impact 

Artificial intelligence (AI) is beginning to have an impact on the infant nutrition market, although the extent of this impact is still relatively limited. One of the primary ways in which AI is being used in the infant nutrition market is through the development of predictive analytics and quality control systems. These systems use machine learning algorithms to analyze data on the production and quality of infant nutrition products and can help manufacturers identify potential issues and improve the safety and quality of their products.

 

Russia-Ukraine War Impact

The ongoing conflict between Russia and Ukraine has had a limited direct impact on the infant nutrition market, as most infant nutrition products are produced and consumed outside of the conflict zone. However, there have been some indirect effects of the conflict that have affected the market. One of the primary indirect effects of the conflict has been economic sanctions, which have affected trade and investment between Russia and Ukraine, as well as between Russia and other countries. 

 

Key Developments

  • In October 2022, Else Nutrition Holdings Inc. opened its flagship Chinese store on Tmall Global. The company is currently selling Else Nutrition infant cereal and toddler formula to Chinese customers directly through the store. The third market Else has entered since beginning its global expansion is China.  
  • In September 2022, Nestlé discovered myelin, which is a nutrient-rich combination of elements found in breast milk. The company first introduced Nutrilearn Connect, an infant formula with a unique ingredient, in Hong Kong before spreading to other regions.
  • In March 2022, ByHeart, the next-generation baby nutrition company, announced the launch of its groundbreaking infant formula to become the one and only new infant formula brand to rewrite the recipe from scratch. 

Why Purchase the Report?

  • To visualize the global infant nutrition market segmentation based on product type, form, and distribution channel and understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development. 
  • Excel data sheet with numerous infant nutrition market-level data points all for segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The global infant nutrition market report would provide approximately 61 tables, 57 figures, and 102 pages.

Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies

Suggestions for Related Report

  • Global Infant Formula Market 
  • Global Baby Food Market
  • Global Organic Baby Food Market
  • Global Prepared Meals Market
  • Global Dried Baby Food Market
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FAQ’s
What is the Projected CAGR value of the Infant Nutrition Market?
Infant Nutrition Market is expected to grow at a CAGR of 7.6% during the forecasting period 2023-2030.
Which is the fastest growing region in the Infant Nutrition Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period.
Which region controls the Infant Nutrition Market during 2023-2030 ?
Asia pacific region Controls and dominates the Infant Nutrition Market.
Which is the fastest-growing region in the Infant Nutrition Market?
Among all regions, Asia Pacific is the fastest-growing market share during the forecast period.
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