Infant Nutrition Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032
The global infant nutrition market size was estimated to be US$ 54.52 Billion in 2022 and is expected to reach US$ 94.79 Billion by 2032 at a CAGR of 5.7%.
Rise in the number of working mothers, increasing urbanization, and high spending power per baby in the developed nations as well as rise in the disposable income are major factors fuelling the infant nutrition market. However, the risk of developing allergies and psychological restraints pertaining to the adoption of packaged baby food, are major factors hampering the infant nutrition market growth.
Rise in the urbanization along with an upsurge of middle class in developing nations will drive the market growth. Also, the existence of convenient packaging will lead to rise in the infant nutrition market. Rise in busy parental lifestyles have also resulted in high demand for conveniently packaged baby products that are convenient for transport such as pouches with plastic spouts at the top.
Also, the convenient packaging leads to self-feeding as well as development of independence among babies. Rise in health awareness among customers has lead to parents opting for natural, minimally processed baby foods which help to provide their children a healthy lifestyle.
High demand for organic baby foods will lead to expansion of infant nutrition market. However, concerns related to risk of babies developing allergies from usage of artificial infant formula as well as baby foods will hamper the market growth to some extent. Also, psychological block in the parents minds pertaining to packaged baby foods will impede market growth.
The major products for infant nutrition are infant formula and baby food. The infant formula market segment comprises of growing up milk formula, follow on milk formula, infant milk formula, and specialty baby formula. The iInfant milk formula market segment commands the largest market share. Apart from breast milk, infant milk formula cannot be substituted. Thereby, absence of other substitutes to infant milk formula will lead to be high impact factor.
Moreover, high birth rate in developing regions will further propel the demand for infant nutrition. The growing up milk formula market segment is expected to grow at a high rate over the future period due to rise in product awareness in developing economies along with high income levels of consumers. Depending upon distribution channel, the infant nutrition market is divided into supermarkets; pharmacy stores online stores, specialty stores, and others.
The pharmacy stores market segment commanded the major market share. The Indian regional market is expected to develop at high rate over the future period. The high birth rate will result in high growth rate of infant nutrition market. The rise in working mothers population will result in higher rate of adoption of infant formula and baby food due to the convenience offered by them.
Increasing consumer awareness levels realted to infant formula and baby foods along with extremely busy lifestyles and rise in number of working women will result in high demand for infant nutrition.
The major companies in infant nutrition market include Meiji Holdings, Nestle, Mead Johnson & Company, Synutra International Inc., Abbott, Beingmate Group, The Kraft Heinz company, Glanbia, Danone, Perrigo Company.
Global Infant Nutrition Market Segmentation:
By Product Type
- Follow-on Milk
- Infant milk
- Specialty baby milk
- Prepared baby food
- Dried baby food
By Form
- Solid baby food
- Liquid baby food
By Distribution Channel
- Hypermarket/ Supermarket
- Convenience stores
- Pharmacy
- Online
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Infant Nutrition Market
- Global Infant Nutrition Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Infant Nutrition Market Analysis and Forecast, by Product
- Overview and definitions
- Key segment analysis
- Global Infant Nutrition Market Estimates (US$ Mn), by Product, 2019 – 2032
- Infant Formula
- First Infant Formula
- Follow-on Formula
- Growing-up Formula
- Specialty Baby Formula
- Baby Food
- Prepared Food
- Dried Food
- Other Baby Foods
- Infant Formula
- Global Infant Nutrition Market Analysis and Forecast, by Sales Channel
- Overview and definitions
- Key segment analysis
- Global Infant Nutrition Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- General trade
- Modern Trade
- Pharmacy Stores
- Online
- Global Infant Nutrition Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Infant Nutrition Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Infant Nutrition Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Infant Nutrition Market Estimates (US$ Mn), by Product, 2019 – 2032
- Infant Formula
- First Infant Formula
- Follow-on Formula
- Growing-up Formula
- Specialty Baby Formula
- Baby Food
- Prepared Food
- Dried Food
- Other Baby Foods
- North America Infant Nutrition Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- General trade
- Modern Trade
- Pharmacy Stores
- Online
- North America Infant Nutrition Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Infant Formula
- Europe Infant Nutrition Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Infant Nutrition Market Estimates (US$ Mn), by Product, 2019 – 2032
- Infant Formula
- First Infant Formula
- Follow-on Formula
- Growing-up Formula
- Specialty Baby Formula
- Baby Food
- Prepared Food
- Dried Food
- Other Baby Foods
- Europe Infant Nutrition Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- General trade
- Modern Trade
- Pharmacy Stores
- Online
- Europe Infant Nutrition Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Infant Formula
- Asia Pacific Infant Nutrition Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Infant Nutrition Market Estimates (US$ Mn), by Product, 2019 – 2032
- Infant Formula
- First Infant Formula
- Follow-on Formula
- Growing-up Formula
- Specialty Baby Formula
- Baby Food
- Prepared Food
- Dried Food
- Other Baby Foods
- Asia Pacific Infant Nutrition Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- General trade
- Modern Trade
- Pharmacy Stores
- Online
- Asia Pacific Infant Nutrition Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Infant Formula
- Middle East & Africa Infant Nutrition Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Infant Nutrition Market Estimates (US$ Mn), by Product, 2019 – 2032
- Infant Formula
- First Infant Formula
- Follow-on Formula
- Growing-up Formula
- Specialty Baby Formula
- Baby Food
- Prepared Food
- Dried Food
- Other Baby Foods
- Middle East & Africa Infant Nutrition Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- General trade
- Modern Trade
- Pharmacy Stores
- Online
- Middle East & Africa Infant Nutrition Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- Infant Formula
- South America Infant Nutrition Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Infant Nutrition Market Estimates (US$ Mn), by Product, 2019 – 2032
- Infant Formula
- First Infant Formula
- Follow-on Formula
- Growing-up Formula
- Specialty Baby Formula
- Baby Food
- Prepared Food
- Dried Food
- Other Baby Foods
- South America Infant Nutrition Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- General trade
- Modern Trade
- Pharmacy Stores
- Online
- South America Infant Nutrition Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Infant Formula
- Competition Analysis – Infant Nutrition Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Abbott Laboratories
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Baby Gourmet Foods Inc.
- Bellamy's Australia Limited
- Danone SA
- Royal FrieslandCampina NV
- Reckitt Benckiser (Mead Johnson)
- Nestlé SA
- Perrigo Company PLC
- Parent's Choice Infant Formula
- The Kraft Heinz Company
- Meiji Holdings
- Beingmate Group
- Synutra International Inc.
- Glanbia PLC
- Dana Dairy Group Ltd
- Abbott Laboratories
- Conclusion & Recommendations
Frequently asked questions about this report
How big is the infant nutrition market?
The infant nutrition market is expected to reach US$ 94.79 Billion by 2032.
What is the infant nutrition market growth?
The infant nutrition market is expected grow at a CAGR of 5.7% between 2023 to 2032.
What was the size of the global infant nutrition market in 2022?
The infant nutrition market was estimated to be US$ 54.52 Billion in 2022.
What are the key factors driving the infant nutrition market?
Rise in the number of working mothers, increasing urbanization & high spending power per baby in the developed nations are major factors fueling the infant nutrition market.
What is the study period of the infant nutrition market?
The infant nutrition market is studied from 2023 to 2032.
Which are major participants in the infant nutrition market?
Major participants in the infant nutrition industry comprise Nestle, Mead Johnson & Company, Synutra International Inc., Abbott, Beingmate Group and others..