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).
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 Stakeholders
- This 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.
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Key Market Segments
By Distribution Channel
- E-Commerce
- Offline channel
- Sub Type
- Pharmacy
- Convenience Stores
- Hypermarkets/Supermarkets
- Others
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 Region
- North 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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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INFANT NUTRITION MARKET, BY PRODUCT TYPE
CHAPTER 5: INFANT NUTRITION MARKET, BY FORM
CHAPTER 6: INFANT NUTRITION MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: INFANT NUTRITION MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the infant nutrition market was valued at $45.5 billion in 2022, and is estimated to reach $95.5 billion by 2032, growing at a CAGR of 7.7% from 2023 to 2032.The first two years of babies are crucial for their development which highly depend on their nutrition intake. Early adoption of sound nutritional habits can aid in the development of children's wholesome eating habits. Organization such as American Academy of Paediatrics (AAP), the American Medical Association (AMA), the American Dietetic Association (ADA), and the World Health Organization (WHO) have stated that each infant requires specific nutrition as per their need. Moreover, the American Academy of Paediatrics (AAP) advises that breastfeeding should continue for at least 12 months after the first six months of an infant's life. Hence proper nutrition and care are required in the development of a child and such factors are likely to contribute toward the growth of the infant nutrition market.
Furthermore, the demand for dried baby food has increased dramatically over time. This is owing to the fact that longer shelf life of the dried infant food products helps to stimulate their demand. Due to change in socioeconomic conditions and improvement in living standards brought on by a considerable increase in disposable income, the infant food industry has grown. Moreover, rise in the proportion of women working in professional professions, shorter maternity leaves, and time constraints on meal preparation at home have all contributed to increase in the adoption of infant food items.
Infant nutrition is developed to meet the special needs of very young children. Children under one year of age do not have fully formed organ systems. They need nutrition that is easy to digest and abundant in the required amounts of calories, vitamins, minerals, and other nutrients to grow normally.
The dietary guidelines for feeding babies have changed over time. In addition, customers are becoming more aware of the significance of a healthy diet for a baby's growth. As a result, many companies have increased the nutritional value of their infant food products by adding healthy and useful components. The government has simultaneously begun programs to spread knowledge about infant care. In addition, the market is expanding due to increase in online advertising for products related to infant food
Organic goods, on the other hand, have progressively gained traction in the retail sector. The market for organic baby food has potential for expansion due to change in customer buying habits. In addition, as consumers' awareness of their own health has increased, their preferences for organic and clean-label items have expanded significantly. As a result, there are numerous opportunities due to the rise in demand for natural and organic products.
Infant formula manufacturers have assessed a range of components as part of their ongoing effort to inculcate the nutritional and functional properties of human milk in baby products. Consequently, there has been a gradual rise in the quantity of newborn formulas that contain prebiotics and probiotics as supplements. Prebiotics and probiotics that have been approved by the FDA as GRAS (generally recognized as safe) are now included to commercial infant formulas. Manufacturers might view this as an opportunity to boost sales of their products.
The infant nutrition market is segmented depending on product type, form, distribution channel, and region. On the basis of 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, it 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 Findings of the Study
By product type, the infant milk segment is estimated to witness significant growth, registering a CAGR of 8.0% during the forecast period.As per form, the solid baby food segment is anticipated to grow at a CAGR of 7.7% during the forecast period.
According to distribution channel, the offline segment is estimated to witness significant growth, registering a CAGR of 7.6% during the forecast period.
Region wise, Asia-Pacific was the dominant region in 2022, occupying a major share of the market.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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