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Infant Nutrition Market Analysis & Forecast to 2024-2034

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    Report

  • 200 Pages
  • May 2024
  • Region: Global
  • Erevna Healthcare
  • ID: 5968622
The global infant nutrition market accounted for USD 365.7 million in 2023 and is expected to reach at USD 828.6 million by 2034 with a CAGR of 7.72% during the forecast period 2024-2034. Rising awareness & acceptance regarding infant nutrition products, surge in urbanization & evolving lifestyles, growing investments to boost birth rates, increasing working mothers, rising expenditure on infant health, surge in demand for organic baby food, and growing introduction of new infant nutrition offerings are some of the key factors boosting the market growth.

Growing introduction of new infant nutrition offerings is predicted to boost the market growth during the forecast period. As parents increasingly prioritize the health of their children, there is a growing demand for specialized infant nutrition products that cater to specific nutritional requirements during key developmental stages of infancy. Hence, market participants are launching new infant nutrition offerings. For instance, in May 2023, Arla Foods Ingredients has unveiled a novel ingredient for infant formula, enriched with alpha-lactalbumin, in response to the rising need for formulations with reduced protein content.

By product, infant milk formula was the highest revenue-grossing segment in the global infant nutrition market in 2023 owing to the ease of using formula for feeding infants, growing consumer awareness of the healthy nutrition for infants, continuous improvements in infant formula that closely resemble the nutrient composition of breast milk, and a rise in the introduction of new products. For instance, in September 2022, Nestlé has introduced Nutrilearn Connect, which includes myelin, an exclusive ingredient, in the Hong Kong market. Additionally, baby food is predicted to grow at the fastest CAGR during the forecast period. Firms are strategically providing a varied selection of convenient and nourishing choices for parents, taking advantage of the increasing favorability of ready-made and simple-to-prepare baby food to fulfill the need for time-efficient solutions.

By form, solid form was the highest revenue-grossing segment in the global infant nutrition market in 2023 owing to their enhanced convenience, portability, & cost-effectiveness, making them the preferred selection for busy parents or those who value flexibility in preparation. Additionally, liquid form is predicted to grow at the fastest CAGR during the forecast period owing to the availability of pre-packaged & sealed choices addresses concerns about contamination, which is attractive to parents who prioritize cleanliness & safety, contributing to the growing introduction of new products. For instance, in October 2023, Nestle has launched a fresh commercial mixture of infant nutrition called Sinergity, which incorporates a probiotic strain along with six different stages of human milk oligosaccharides (HMOs), aimed at supporting the developmental needs of infants as they progress through various life stages.

By sales channel, hypermarket/supermarket was the highest revenue-grossing segment in the global infant nutrition market in 2023 as they offer a convenient solution for parents looking for infant nutrition products alongside groceries and household essentials, increasing preference among consumers, growing trend of launching new products in hypermarkets & supermarkets to boost sales within these outlets. For instance, in July 2023, Else Nutrition has broadened its presence in the Midwest market by collaborating with Schnucks, a prominent regional supermarket chain. The Else Toddler Organic 22oz product can now be found in around 110 Schnucks stores spread across Missouri, Wisconsin, Illinois, and Indiana. Additionally, online channels is predicted to grow at the fastest CAGR during the forecast period owing to the rise in internet usage, growing trend toward online shopping, online platforms now provide a wide array of infant nutrition products, ranging from different formulas to baby food and supplements. This diverse product range enables consumers to explore various options and select products that align with their preferences and needs.

North America region is anticipated for the highest revenue share during the forecast period owing to the uptick in the population of employed women, rise in government funding for high-quality healthcare, the presence of significant market leaders, increase in the number of working women, and the emergence of initiatives by prominent market players. For instance, in August 2023, ByHeart has revealed its inaugural retail release: a newborn formula with clinically proven, easily digestible, and certified-clean ingredients, set to hit Target stores nationwide in the U.S. Furthermore, the company has announced plans to reintroduce its product to consumers via ByHeart.com later this year. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increased investment from prominent market participants, surge in childbirth rates, and rising introduction of new products. For instance, in October 2022, Else Nutrition Holdings Inc. opened its main Chinese storefront on Tmall Global, where Chinese customers can now purchase Else Nutrition baby cereal and toddler formula directly from the company. This marks the third international market for Else as part of its expansion efforts.

This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.

Report Scope:

  • Base Year: 2023
  • Forecast Period: 2024-2034
  • Study Coverage
  • Market Forecast by Product, Form, and Sales Channel
  • Market Forecast for 5 Regions and 17+ Countries
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
  • Exhaustive Company Profiles of Top 10+ Major Market Players

Segmentation: Infant Nutrition Market Report 2023 - 2034

Infant Nutrition Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Mn)

  • Infant Milk Formula
  • Follow-on Milk
  • Baby Food
  • Others

Infant Nutrition Market Analysis & Forecast by Form 2023 - 2034 (Revenue USD Mn)

  • Liquid
  • Solid

Infant Nutrition Market Analysis & Forecast by Sales Channel 2023 - 2034 (Revenue USD Mn)

  • Pharmacy/Medical Stores
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Online Channels
  • Others

Infant Nutrition Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Mn)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
  • Middle East & Africa
  • South Africa
  • GCC
  • Rest of MEA

Table of Contents

1. Research Methodology
1.1. Study Objectives
1.2. Study Scope
1.3. Research Assumptions
1.4. Research Framework
2. Introduction
2.1. Market Definition
2.2. Global Infant Nutrition Market Overview
3. Executive Summary
4. Market Environment Analysis
4.1. Porter’s 5 Forces Analysis
4.2. PESTEL Analysis
4.3. SWOT Analysis
5. Market Dynamics
5.1. Drivers Analysis
5.2. Restraints Analysis
5.3. Opportunities Analysis
5.4. Threats Analysis
5.5. Trend Analysis
6. COVID-19 Impact Analysis
7. Infant Nutrition Market: Product Estimates & Trend Analysis
7.1. Product Segment Opportunity Analysis
7.2. Infant Milk Formula
7.2.1. Infant Milk Formula Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
7.3. Follow-on Milk
7.3.1. Follow-on Milk Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
7.4. Baby Food
7.4.1. Baby Food Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
7.5. Others
7.5.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
8. Infant Nutrition Market: Form Estimates & Trend Analysis
8.1. Form Segment Opportunity Analysis
8.2. Liquid
8.2.1. Liquid Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
8.3. Solid
8.3.1. Solid Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
9. Infant Nutrition Market: Sales Channel Estimates & Trend Analysis
9.1. Sales Channel Segment Opportunity Analysis
9.2. Pharmacy/Medical Stores
9.2.1. Pharmacy/Medical Stores Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
9.3. Hypermarkets/Supermarkets
9.3.1. Hypermarkets/Supermarkets Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
9.4. Specialty Stores
9.4.1. Specialty Stores Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
9.5. Online Channels
9.5.1. Online Channels Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
9.6. Others
9.6.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Mn)
10. Regional Market Analysis
10.1. Regional Market Opportunity Analysis
11. North America Infant Nutrition Market
11.1. North America Infant Nutrition Market
11.1.1. North America Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
11.1.2. North America Infant Nutrition Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
11.1.3. North America Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
11.1.4. North America Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
11.1.5. North America Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
11.2. U.S. Global Infant Nutrition Market
11.2.1. U.S. Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
11.2.2. U.S. Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
11.2.3. U.S. Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
11.2.4. U.S. Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
11.3. Canada Global Infant Nutrition Market
11.3.1. Canada Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
11.3.2. Canada Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
11.3.3. Canada Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
11.3.4. Canada Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
12. Europe Global Infant Nutrition Market
12.1. Europe Global Infant Nutrition Market
12.1.1. Europe Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.1.2. Europe Infant Nutrition Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
12.1.3. Europe Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
12.1.4. Europe Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
12.1.5. Europe Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
12.2. Germany Global Infant Nutrition Market
12.2.1. Germany Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.2.2. Germany Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
12.2.3. Germany Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
12.2.4. Germany Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
12.3. UK Global Infant Nutrition Market
12.3.1. UK Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.3.2. UK Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
12.3.3. UK Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
12.3.4. UK Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
12.4. France Global Infant Nutrition Market
12.4.1. France Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.4.2. France Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
12.4.3. France Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
12.4.4. France Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
12.5. Spain Global Infant Nutrition Market
12.5.1. Spain Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.5.2. Spain Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
12.5.3. Spain Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
12.5.4. Spain Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
12.6. Italy Global Infant Nutrition Market
12.6.1. Italy Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.6.2. Italy Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
12.6.3. Italy Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
12.6.4. Italy Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
12.7. Rest of Europe Global Infant Nutrition Market
12.7.1. Rest of Europe Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
12.7.2. Rest of Europe Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
12.7.3. Rest of Europe Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
12.7.4. Rest of Europe Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
13. Asia Pacific Global Infant Nutrition Market
13.1. Asia Pacific Global Infant Nutrition Market
13.1.1. Asia Pacific Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.1.2. Asia Pacific Infant Nutrition Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
13.1.3. Asia Pacific Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
13.1.4. Asia Pacific Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
13.1.5. Asia Pacific Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
13.2. Japan Global Infant Nutrition Market
13.2.1. Japan Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.2.2. Japan Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
13.2.3. Japan Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
13.2.4. Japan Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
13.3. China Global Infant Nutrition Market
13.3.1. China Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.3.2. China Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
13.3.3. China Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
13.3.4. China Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
13.4. India Global Infant Nutrition Market
13.4.1. India Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.4.2. India Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
13.4.3. India Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
13.4.4. India Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
13.5. South Korea Global Infant Nutrition Market
13.5.1. South Korea Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.5.2. South Korea Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
13.5.3. South Korea Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
13.5.4. South Korea Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
13.6. Australia Global Infant Nutrition Market
13.6.1. Australia Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.6.2. Australia Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
13.6.3. Australia Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
13.6.4. Australia Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
13.7. Rest of Asia Pacific Global Infant Nutrition Market
13.7.1. Rest of Asia Pacific Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
13.7.2. Rest of Asia Pacific Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
13.7.3. Rest of Asia Pacific Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
13.7.4. Rest of Asia Pacific Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
14. Latin America Global Infant Nutrition Market
14.1. Latin America Global Infant Nutrition Market
14.1.1. Latin America Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.1.2. Latin America Infant Nutrition Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
14.1.3. Latin America Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
14.1.4. Latin America Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
14.1.5. Latin America Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
14.2. Brazil Global Infant Nutrition Market
14.2.1. Brazil Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.2.2. Brazil Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
14.2.3. Brazil Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
14.2.4. Brazil Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
14.3. Mexico Global Infant Nutrition Market
14.3.1. Mexico Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.3.2. Mexico Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
14.3.3. Mexico Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
14.3.4. Mexico Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
14.4. Argentina Global Infant Nutrition Market
14.4.1. Argentina Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.4.2. Argentina Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
14.4.3. Argentina Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
14.4.4. Argentina Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
14.5. Rest of Latin America Global Infant Nutrition Market
14.5.1. Rest of Latin America Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
14.5.2. Rest of Latin America Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
14.5.3. Rest of Latin America Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
14.5.4. Rest of Latin America Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
15. MEA Global Infant Nutrition Market
15.1. MEA Global Infant Nutrition Market
15.1.1. MEA Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
15.1.2. MEA Infant Nutrition Market Size and Forecast, By Country, 2023-2034 (Revenue USD Mn)
15.1.3. MEA Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
15.1.4. MEA Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
15.1.5. MEA Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
15.2. GCC Global Infant Nutrition Market
15.2.1. GCC Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
15.2.2. GCC Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
15.2.3. GCC Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
15.2.4. GCC Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
15.3. South Africa Global Infant Nutrition Market
15.3.1. South Africa Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
15.3.2. South Africa Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
15.3.3. South Africa Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
15.3.4. South Africa Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
15.4. Rest of MEA Global Infant Nutrition Market
15.4.1. Rest of MEA Infant Nutrition Market Size and Forecast, 2023-2034 (Revenue USD Mn)
15.4.2. Rest of MEA Infant Nutrition Market Size and Forecast, By Product, 2023-2034 (Revenue USD Mn)
15.4.3. Rest of MEA Infant Nutrition Market Size and Forecast, By Form, 2023-2034 (Revenue USD Mn)
15.4.4. Rest of MEA Infant Nutrition Market Size and Forecast, By Sales Channel, 2023-2034 (Revenue USD Mn)
16. Competitor Analysis
16.1. Company Market Share Analysis, 2023
16.2. Major Recent Developments
17. Company Profiles
17.1. Nestlé
17.2. Abbott
17.3. Nutricia
17.4. Walgreen Co.
17.5. Holle baby food AG
17.6. DANA DAIRY GROUP
17.7. Perrigo Company plc
17.8. The Hain Celestial Group
17.9. The Kraft Heinz Company
17.10. China Mengniu Dairy Company Limited
17.11. Other Prominent Players
18. Conclusion19. Recommendations

Companies Mentioned

  • Nestlé
  • Abbott
  • Nutricia
  • Walgreen Co.
  • Holle baby food AG
  • DANA DAIRY GROUP
  • Perrigo Company plc
  • The Hain Celestial Group
  • The Kraft Heinz Company
  • China Mengniu Dairy Company Limited