Infant Nutrition Market: Impact of Existing and Emerging Flexible Market Trends and Forecast 2021-2024

Infant Nutrition

Infant Nutrition Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Infant Nutrition market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Prepared Food is Expected to hold its Highest Market Share in the Baby Food Segment

In the product type segmentation of the infant nutrition market, the prepared food sub-segment under the baby food segment is believed to have the largest market size and is expected to witness a CAGR of 6.51% during the forecast period.

The market size of the baby food segment can be attributed to the current busy lifestyle of people and the emergence of a variety of organic and healthy food for infants. The extensive sale of prepared food is mainly attributed to its ease of access. As the manufacturers of prepared food, most companies are now coming up with more organic food products, which is free from preservatives and residues of fertilizers and pesticides. However, there are also some parents who prefer to prepare the baby’s food by themselves, so as to be assured of hygiene and nutrition.

Therefore there is also a demand for the dried food that is on a rise, majorly due to the increasing trust of parents upon the quality of food, which is provided by the companies and increasing improvisation that is continuously being done in the food products by the manufacturers. There are other baby foods segment of the market majorly inclusive of the juices and products that are rich in omega-3 DHA and arachidonic acid (ARA), along with other nutritional products.

North is expected to witness the highest CAGR throughout the forecast period

The presence of high per capita healthcare expenditure, coupled with high awareness levels and rising disposable income, is contributing to the growth of the market in the region. The average age at which n women are giving birth has been rising as young women are increasingly prioritizing their careers over family planning. Hence, a rise in parental concerns, with respect to baby’s health and nutrition, is driving the growth of the North n regional market. There are also consumers, especially in the developed countries, who are willing to pay for premium amounts for such products, owing to the general perception of these products being more healthy and safe as compared to conventional products.

Market Overview:

  • The global infant nutrition market was valued at USD 71.40 billion in 2018 and is estimated to reach USD 98.90 billion in 2024, witnessing a CAGR of 5.58%. There are certain factors propelling the growth of the market, which include the increase in working mother population, higher spending on baby health, and the rising demand for organic baby food.
  • At present, parents are found spending more on their babies compared to the previous years, owing to several social factors. Presently, children are deemed more worthy of protection than they used to be. According to a number of surveys, parents spend a high amount of money on their babies, sometimes out of guilt, out of shame, or out of social anxiety.
  • Over the recent years, there has been a remarkable rise that has been observed in the number of young working mothers. This has worked as a key factor in propelling the growth of the infant food nutrition market, as these working mothers are majorly dependent on processed infant nutrition products. Therefore, organic food has been observed to be one of the fastest-growing sectors in the food industry overall, experiencing double-digit growth in most developed markets, compared with a single-digit growth rate for conventional food products. The global demand is increasing, owing to factors, such as the desire of parents to feed their babies healthier foods.
  • In addition, factors, such as the growth of the middle class, rapid urbanization, and rising rates of female participation in the labor force in many developing markets have encouraged the adoption of convenience-oriented lifestyles, further making prepared baby foods and baby formula more desirable. The increasing middle-class population in the emerging and developing countries has opened new horizons in the infant nutrition market, owing to the fact that the need for products, compatible with a working mom’s schedule, is growing.
  • In the next few years, it is expected that the global infant nutrition market will show healthy growth. In the last few years, the sale of infant nutrition products in developed countries has shown a single-digit growth rate.

    Key Manufacturers Like 

  • Abbott Laboratories
  • Baby Gourmet Foods Inc.
  • Bellamy’s Australia Limited
  • Danone S.A.
  • FrieslandCampina
  • Reckitt Benckiser (Mead Johnson)
  • Nestlé S.A.
  • Perrigo Company Plc
  • Parent’s Choice Infant Formula
  • The Kraft Heinz Company.

    Scope of the Report:

  • Infant nutrition is a substitute food for breast milk. The initial six months after birth plays a very crucial role in the development of a child, wherein ensuring optimal nutrition during this period is of paramount importance. Breast milk is highly nutritious and contains carbohydrates, proteins, fats, minerals, and vitamins imperative for the development of the child. However, in certain cases, the mother may not be able to produce breast milk or may not be able to breastfeed the baby due to other reasons. In such cases, infant nutrition products act as a suitable substitute.

    Infant Nutrition market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Infant Nutrition market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Infant Nutrition market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Infant Nutrition market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Infant Nutrition market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Infant Nutrition?
    • Who are Opportunities, Risk and Driving Force of Infant Nutrition market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Infant Nutrition space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Infant Nutrition market opportunities, market risk and market overview of the Market?

    Lastly, the Global Infant Nutrition Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Infant Nutrition Market Report:

    • To provide a detailed analysis of the market structure along with the Infant Nutrition market forecast of various segments and sub-segments of the Infant Nutrition market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Infant Nutrition market trends that influence the global Infant Nutrition market

    Detailed TOC of Infant Nutrition Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increase in Working Mothers Population
    4.2.2 Higher Spending on Baby Health
    4.2.3 Rising Demand for Organic Baby Food
    4.3 Market Restraints
    4.3.1 Concerns Regarding Food Safety
    4.3.2 Stringent Regulation for Infant Food
    4.4 Industry Attractiveness Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 By Infant Formula
    5.1.1.1 First Infant Formula
    5.1.1.2 Follow-on Formula
    5.1.1.3 Growing-up Formula
    5.1.1.4 Specialty Baby Formula
    5.1.2 By Baby Food
    5.1.2.1 Prepared Food
    5.1.2.2 Dried Food
    5.1.2.3 Other Baby Foods
    5.2 Geography
    5.2.1 North
    5.2.1.1 United States
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 United Kingdom
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of Europe
    5.2.3 Asia Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories
    6.1.2 Baby Gourmet Foods Inc.
    6.1.3 Bellamy’s Australia Limited
    6.1.4 Danone S.A.
    6.1.5 FrieslandCampina
    6.1.6 Reckitt Benckiser (Mead Johnson)
    6.1.7 Nestlé S.A.
    6.1.8 Perrigo Company Plc
    6.1.9 Parent’s Choice Infant Formula
    6.1.10 The Kraft Heinz Company

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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