Infant Nutrition Global Market Report 2024

Description

“Infant Nutrition Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on infant nutrition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
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Outperform competitors using forecast data and the drivers and trends shaping the market.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for infant nutrition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The infant nutrition market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Infant Milk Formula; Follow-on-Milk; Specialty Baby Milk; Prepared Baby Food; Other Types
2) By Meal: Baby cereals; Baby snacks; Baby drinks; Other baby meals
3) By Distribution Channel: Hypermarkets/Supermarkets; Pharmacy/Medical Stores; Specialty Stores; Other Distribution Channel
Companies Mentioned: Abbott Laboratories; Bellamy's Australia Limited; Danone SA; Royal FrieslandCampina NV; Reckitt Benckiser Group plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Infant nutrition refers to the essential nourishment required for a child's ongoing health from birth through adulthood. It involves providing infants with the necessary nutrients and energy to support their healthy development.

The main types of infant nutrition include infant milk formula, follow-on milk, specialty baby milk, prepared baby food, and other variations. Infant milk formula is a type of baby food specifically designed to offer complete nutrition for infants who are not breastfed or are only partially breastfed. It is available in powdered or liquid forms, formulated to replicate the nutritional composition of breast milk, encompassing proteins, carbohydrates, fats, vitamins, and minerals. The diverse range of infant nutrition meals includes baby cereals, baby snacks, baby drinks, and other baby meals. These products are distributed through various channels, including hypermarkets/supermarkets, pharmacy/medical stores, specialty stores, and other distribution channels.

The infant nutrition market research report is one of a series of new reports from The Business Research Company that provides infant nutrition market statistics, including infant nutrition industry global market size, regional shares, competitors with an infant nutrition market share, detailed infant nutrition market segments, market trends and opportunities, and any further data you may need to thrive in the infant nutrition industry. This infant nutrition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The infant nutrition market size has grown strongly in recent years. It will grow from $35.29 billion in 2023 to $38.74 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The expansion observed in the historical period can be attributed to factors such as advancements in infant formula development, urbanization, and changing lifestyles, recommendations from healthcare professionals, economic growth and improved affordability, as well as government initiatives focused on child health.

The infant nutrition market size is expected to see strong growth in the next few years. It will grow to $54.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The anticipated growth in the forecast period can be attributed to an increasing focus on immune health, a rising demand for organic and natural products, innovations in packaging and convenience, the expansion of e-commerce in baby products, and growing awareness of environmental impact. Key trends expected in the forecast period involve innovations in formula ingredients, the incorporation of human milk oligosaccharides, the development of plant-based infant nutrition, digitalization in parental education, and an emphasis on clean label and transparency in product information.

The anticipated rise in the birth rate is poised to drive the growth of the infant nutrition market in the coming years. Birth rate signifies the percentage of live births per 1,000 people within the general population annually. The expansion of infant care products is attributed to increasing family incomes and a growing birth rate. Consumers, prioritizing their children's health and hygiene, opt for high-quality products, contributing to the expansion of the infant nutrition market. In July 2022, the United Nations reported a birth rate of 12.012 births per 1,000 people in the United States for the year 2022, emphasizing the ongoing increase in birth rates as a key driver for the infant nutrition market.

The burgeoning growth of e-commerce is expected to be a significant catalyst for the infant nutrition market. E-commerce, involving the online buying and selling of goods and services, plays a pivotal role in the infant nutrition industry. It offers conveniences such as accessibility, wide product selection, comparison shopping, trackable shipments, adaptability to consumer trends, and flexible payment options. Data from the United States Census Bureau in August 2023 revealed a 7.5% increase in e-commerce estimates for Q2 2023 compared to the previous quarter. The rising prevalence of e-commerce, accounting for 15.4% of all sales in Q2 2023, underlines its role in propelling the growth of the infant nutrition market.

Product innovation emerges as a prominent trend in the infant nutrition market, with major companies concentrating on innovating their products to maintain a competitive edge. In July 2022, Danone introduced the Dairy & Plants Adapt baby formula, catering to parents' preferences for primarily plant-based foods. This formula, designed for healthy infants, incorporates 60% plant-based protein, along with DHA, vegetable oil, and fibers sourced from plant origins.

Major companies in the infant nutrition market are actively pursuing advanced solutions, exemplified by Nestle S.A.'s launch of sinergity in October 2023. Sinergity, a product mimicking breast milk changes, combines a probiotic strain with various concentrations of six human milk oligosaccharides (HMOs). This innovative mixture is aimed at supporting healthy digestion, cognitive development, age-appropriate growth, and a robust immune system in infants, capitalizing on the synergistic effects of combining probiotics with HMOs.

In January 2021, Hero Group made an undisclosed acquisition of Baby Gourmet, a move expected to enhance Baby Gourmet's presence in North America. This acquisition includes the Slammers Snacks brand, a U.S. kid's snack brand with organic ingredients. The acquisition aligns with Hero Group's commitment to offering nutrient-dense, organic products for infants and expanding its portfolio to include cereals and organic snacks.

Major companies operating in the infant nutrition market report are Abbott Laboratories, Bellamy's Australia Limited, Danone SA, Royal FrieslandCampina NV, Reckitt Benckiser Group plc, Nestle SA, Perrigo Company plc, The Kraft Heinz Company, Dana Dairy Group Ltd., Baby Gourmet Foods Inc., Walmart Inc., Meiji Group, Synutra International Inc., HiPP GmbH & Co. Vertrieb KG, Glanbia plc, Arla Foods, Gujarat Cooperative Milk Marketing Federation Ltd., Sun-Maid Growers of California Inc., Mead Johnson & Company LLC, Beingmate Group, Beech-Nut Nutrition Corporation, Feihe International, Campbell Soup Company, Hain Celestial Group Inc., Amara Organics Foods, Biostime Nutrition, Morinaga Milk Industry, Eurolactis Group, Bubs Australia Limited, The Hain Celestial Group Inc.

North America was the largest region in the infant nutrition market in 2023, and is expected to be the fastest-growing region in the global infant nutrition market during the forecast period. The regions covered in the infant nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the infant nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The infant nutrition market consists of sales of growing-up milk, powder, liquid concentrate, and ready-to-feed formula. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11823

1. Executive Summary

2. Infant Nutrition Market Characteristics

3. Infant Nutrition Market Trends And Strategies

4. Infant Nutrition Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Infant Nutrition Market Size and Growth

5.1. Global Infant Nutrition Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Infant Nutrition Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Infant Nutrition Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Infant Nutrition Market Segmentation

6.1. Global Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Infant Milk Formula
Follow-on-Milk
Specialty Baby Milk
Prepared Baby Food
Other Types
6.2. Global Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Baby cereals
Baby snacks
Baby drinks
Other baby meals
6.3. Global Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hypermarkets/Supermarkets
Pharmacy/Medical Stores
Specialty Stores
Other Distribution Channel

7. Infant Nutrition Market Regional And Country Analysis

7.1. Global Infant Nutrition Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Infant Nutrition Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Infant Nutrition Market

8.1. Asia-Pacific Infant Nutrition Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Infant Nutrition Market

9.1. China Infant Nutrition Market Overview
9.2. China Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Infant Nutrition Market

10.1. India Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Infant Nutrition Market

11.1. Japan Infant Nutrition Market Overview
11.2. Japan Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Infant Nutrition Market

12.1. Australia Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Infant Nutrition Market

13.1. Indonesia Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Infant Nutrition Market

14.1. South Korea Infant Nutrition Market Overview
14.2. South Korea Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Infant Nutrition Market

15.1. Western Europe Infant Nutrition Market Overview
15.2. Western Europe Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Infant Nutrition Market

16.1. UK Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Infant Nutrition Market

17.1. Germany Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Infant Nutrition Market

18.1. France Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Infant Nutrition Market

19.1. Italy Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Infant Nutrition Market

20.1. Spain Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Infant Nutrition Market

21.1. Eastern Europe Infant Nutrition Market Overview
21.2. Eastern Europe Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Infant Nutrition Market

22.1. Russia Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Infant Nutrition Market

23.1. North America Infant Nutrition Market Overview
23.2. North America Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Infant Nutrition Market

24.1. USA Infant Nutrition Market Overview
24.2. USA Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Infant Nutrition Market

25.1. Canada Infant Nutrition Market Overview
25.2. Canada Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Infant Nutrition Market

26.1. South America Infant Nutrition Market Overview
26.2. South America Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Infant Nutrition Market

27.1. Brazil Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Infant Nutrition Market

28.1. Middle East Infant Nutrition Market Overview
28.2. Middle East Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Infant Nutrition Market

29.1. Africa Infant Nutrition Market Overview
29.2. Africa Infant Nutrition Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Infant Nutrition Market, Segmentation By Meal, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Infant Nutrition Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Infant Nutrition Market Competitive Landscape And Company Profiles

30.1. Infant Nutrition Market Competitive Landscape
30.2. Infant Nutrition Market Company Profiles
- 30.2.1. Abbott Laboratories
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Bellamy's Australia Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Danone SA
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Royal FrieslandCampina NV
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Reckitt Benckiser Group plc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Infant Nutrition Market Competitive Benchmarking

32. Global Infant Nutrition Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Infant Nutrition Market

34. Infant Nutrition Market Future Outlook and Potential Analysis

34.1 Infant Nutrition Market In 2028 - Countries Offering Most New Opportunities
34.2 Infant Nutrition Market In 2028 - Segments Offering Most New Opportunities
34.3 Infant Nutrition Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer