USD 81.1 billion
Infant Nutrition Market Size, Share, Growth Analysis, By Product Type (Infant Milk Formula, Baby food,), By Form (Solid, Liquid), By Sales Channel (Supermarkets, Online Channels), By Region - Industry Forecast 2024-2031
Report ID:
SQSG30I2042 |
Region:
Global |
Published Date: February, 2024
Pages:
237
|Tables:
98
|Figures:
76
Infant Nutrition Market Insights
Global Infant Nutrition Market size was valued at USD 81.1 billion in 2022 and is poised to grow from USD 87.12 billion in 2023 to USD 110.2 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Solid
Fastest Growth
Solid
Growth Rate
5.8% CAGR
Global Nutrition Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Infant Nutrition Market Segmental Analysis
Global Infant Nutrition Market is segmented by Product Type, Form, Sales Channel and region. Based on Product Type, the market is segmented into Infant Milk Formula, Baby food, Follow-on Milk, Others. Based on Form, the market is segmented into Solid, Liquid. Based on Sales Channel, the market is segmented into Hypermarkets/Supermarkets, Pharmacy/Medical Stores, Online Channels, Specialty Stores, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
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.
Global Infant Nutrition Market Share By Formulation, 2021 (%)
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Infant Nutrition Market Regional Insights
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.
Global Infant Nutrition Market By Geography, 2021 - 2028
- Largest
- Fastest
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Infant Nutrition Market Dynamics
Infant Nutrition Market Driver
The increasing number of working mothers
- There are several important factors driving the baby formula market's growth. The growing number of working moms, driven by economic growth that creates employment that brings more women into the workforce, is a primary driver of growth for the infant formula business. Another factor is the growing number of middle-class homes that can purchase baby formula as a result of economic and demographic expansion. This is especially true in emerging markets. Another significant contributor is the number of babies born in general.
Infant Nutrition Market Restraint
- Economic prospects, changing societal norms, and changing gender roles, particularly increased education, and career chances for many women, have lowered reproduction in the late twentieth and early twenty-first centuries. Geographic location also indicates significant disparities in the birth rate in the United States. Women in New England have fewer children, which is due in part to greater levels of education. Women in the South and Great Plains, on the other hand, have among the highest birth rates in the country.
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Infant Nutrition Market Competitive Landscape
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
- Nestlé
- Walgreen Co.
- Nutricia
- Abbott
- The Hain Celestial Group
- Holle baby food AG
- China Mengniu Dairy Company Limited
- Perrigo Company plc,
- The Kraft Heinz Company
- DANA DAIRY GROUP
- Danone S.A.
- Mead Johnson Nutrition Company
- The Honest Company
- HiPP GmbH & Co. Vertrieb KG
- Ausnutria Dairy Corporation Ltd.
- Beingmate Baby & Child Food Co., Ltd.
- FrieslandCampina
- Feihe International Inc.
- Hero Group
- Royal FrieslandCampina N.V
Infant Nutrition Market Recent Developments
- In July 2022, Danone introduced a new dairy and plants mix infant formula that has 60% plant-based and 40% dairy-based protein and combines elements found in plants and breastmilk.
- In April 2022, Plant-tastic is Gerber's first plant-based baby food brand. The brand includes a variety of organic plant-based toddler meals, ranging from pouches to snacks to bowls. The products are created with nutrient-dense beans, whole grains, and vegetables to provide a greater supply of plant protein. The Banana Berry Veggie Smash Pouch, Lil' Crunchies White Bean Hummus Toddler Snacks, and Mediterranean Medley Harvest Bowl are among the new goods in the line. The goods are available for purchase online through Amazon, Walmart, and other shops.
Infant Nutrition Key Market Trends
- Plant-based consumption is increasing significantly, with almost one-third [37%] of EU consumers opting for a vegan, vegetarian, or flexitarian diet, and nearly 70% [69%] of parents increasingly preferring their children eat more plant-based meals. Until recently, there have been few options for parents who wish to transition away from breastfeeding and make healthier, more plant-based, and environmentally friendly meal choices.
- When compared to other powdered formulas, the Dairy & Plants Blend infant formula has a 30% smaller carbon impact per pack. The larger proportion of plant-based components in the Dairy & Plants Blend formula milk, as well as its totally recyclable container, will help to reduce the carbon impact.
Infant Nutrition Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 81.1 billion |
| Market size value in 2031 | USD 110.2 billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Infant Nutrition Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Infant Nutrition Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Infant Nutrition Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
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