Nutrition is one of the most significant factors that influences a child’s development and growth. The infant nutrition market comprises a diversified range of products from various infant formulas to baby food products. Infant nutrition is produced for feeding babies and infants, which are usually under 12 month of age and also it is prepared from liquid or powder. Infant nutrition facilitates healthy growth and development of babies, improves cognitive performance and development, prevents them from allergies, and increases gastrointestinal health & immunity.
Dietary practices regarding baby food have evolved over the years. In addition, there is increased awareness among consumers about the importance of adequate nutrition for healthy growth of infants. Owing to this, numerous brands have upgraded the nutritional components in their baby food products by adding functional and organic ingredients, which also fuels the growth of the infant nutrient market.
Furthermore, the demand for dried baby food has considerably increased over the years due to rise in awareness about the benefit of balanced nutrition for baby. Longer shelf life of dried baby food products fosters the market to some extent. Changing socio-economic factors and improved living standard due to considerable increase in disposable income have led to the growth of baby food market. Increase in the population of women professionals, short maternity leave period and time-constraints for home food preparation have further increased the adoption of baby food products.
Organic products have been gaining steady share in the retail market. Moreover, it is one of the fastest growing sectors in the food industry. The changing purchasing behavior pattern among the consumers creates huge opportunities for the organic baby food sector. In addition, the preference for organic and clean-labelled products has increased significantly, due to increase in health consciousness among consumers. However, stringent quality checks and strict mandates by the government and food departments have posed major restraints for the infant nutrition market.
The infant nutrition market is segmented into product type, form, distribution channel, and region. By type, the market is categorized into follow-on milk, specialty baby milk, infant milk, prepared baby food, and dried baby food. Depending on form, it is classified into solid and liquid. As per distribution channel the hypermarket/supermarket, convenience stores, pharmacy, online, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and 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
KEY MARKET SEGMENTS
By product type
By Form
By Distribution Channel
By Region
Dietary practices regarding baby food have evolved over the years. In addition, there is increased awareness among consumers about the importance of adequate nutrition for healthy growth of infants. Owing to this, numerous brands have upgraded the nutritional components in their baby food products by adding functional and organic ingredients, which also fuels the growth of the infant nutrient market.
Furthermore, the demand for dried baby food has considerably increased over the years due to rise in awareness about the benefit of balanced nutrition for baby. Longer shelf life of dried baby food products fosters the market to some extent. Changing socio-economic factors and improved living standard due to considerable increase in disposable income have led to the growth of baby food market. Increase in the population of women professionals, short maternity leave period and time-constraints for home food preparation have further increased the adoption of baby food products.
Organic products have been gaining steady share in the retail market. Moreover, it is one of the fastest growing sectors in the food industry. The changing purchasing behavior pattern among the consumers creates huge opportunities for the organic baby food sector. In addition, the preference for organic and clean-labelled products has increased significantly, due to increase in health consciousness among consumers. However, stringent quality checks and strict mandates by the government and food departments have posed major restraints for the infant nutrition market.
The infant nutrition market is segmented into product type, form, distribution channel, and region. By type, the market is categorized into follow-on milk, specialty baby milk, infant milk, prepared baby food, and dried baby food. Depending on form, it is classified into solid and liquid. As per distribution channel the hypermarket/supermarket, convenience stores, pharmacy, online, and others. Region wise, it is studied across North America, Europe, Asia-Pacific, and 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 2018 to 2026 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped on the basis of their infant nutrition market share.
- The market forecast 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 industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the infant nutrition 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 infant nutrition market growth strategies.
KEY MARKET SEGMENTS
By product type
- Follow-on Milk
- Specialty Baby Milk
- Infant Milk
- Prepared Baby Food
- Dried Baby Food
By Form
- Solid
- Liquid
By Distribution Channel
- Hypermarket/Supermarket
- Convenience Stores
- Pharmacy
- Online
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South-East Asia
- Rest of Asia-pacific
- LAMEA
- Latin America
- Middle East
- Africa
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: Company Profiles
Executive Summary
According to the report titled, 'Infant Nutrition Market by Product Type, Form, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global infant nutrition market size was valued at $34.2 billion in 2018, and is projected to reach $61.6 billion by 2026, registering a CAGR of 7.7% from 2019 to 2026. The most significant factor that influences a child growth and development is nutrition. Infant nutrition are produced for feeding babies and infants, which are usually under 12 month of age and also it is prepared from liquid or powder. Infant nutrition facilitates healthy growth and development of babies, improves cognitive performance and development, prevents them from allergies, and increases gastrointestinal health & immunity. The global infant nutrition market analysis is segmented on the basis of product type, form, distribution channel and region.According to Federal Food, Drug, and Cosmetic Act, infant nutrition means a food that purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk.
The number of women as a part of the labor workforce has increased over the past few years due to rise in literacy rate. The ratio is estimated to increase in the near future, owing to the supportive government policies. The ease and convenience provided by these baby products offer parents lesser time in manual preparation of baby foods and simultaneously take care of the babies, which is expected to boost the infant nutrition market demand during the forecast period.
Moreover, consumer prefer to purchase infant nutrition from stores such as supermarkets and retail stores; however, this scenario is changing and customers are moving toward online channels. Online sales have evolved as a key source of revenue for many companies. The online sales market is expected to expand at a higher rate in the near future owing to the rapid penetration of smartphones, increase in m-commerce sales, and ease in payment options. However, the collaborative initiatives of various organizations, such as World Health Organization (WHO) and United Nations International Children's Emergency Fund (UNICEF), have increased the overall awareness about breastfeeding among women. This in turn limits the overall revenue generation for the global infant nutrition market.
Continuous innovation in product functionality and performance along with coherent strategies such as tailored packaging, which reflect the healthy ingredients in the sustaining infant nutrition market trends, allow major players in the market to sustain in the consumer-centric market. Moreover, attractive and convenient packaging acts as a key selling point for leading manufacturers. As a result, prominent players in the market have introduced baby food in a variety of packaging formats, including, but not limited to stand up pouches, glass & plastic containers, cans, and others.
Key Findings of the Infant Nutrition Market:
Based on product type, the infant milk segment dominates the global infant nutrition market in 2018, and is expected to retain its dominance throughout the forecast period.
Depending on form, the solid segment accounted for highest share in the infant nutrition market growth in 2018, and is projected to grow at a CAGR of 7.5% from 2019 to 2026.
By distribution channel, the pharmacy segment was the major shareholder in 2018, and is projected to register a CAGR of 8.1% from 2019 to 2026.
Region wise, Asia-Pacific accounted for about 44.2% infant nutrition market share in 2018, and is expected to grow at a CAGR of 8.2%.
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).
Companies Mentioned
- 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
- Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).
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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