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Global Infant Nutrition Market Size, Share & Trends Analysis Report by Product Type (Infant Milk Formula, Baby Food), Form (Solid, Liquid), Sales Channel, Region, and Segment Forecasts, 2024-2030

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    Report

  • 120 Pages
  • December 2023
  • Region: Global
  • Grand View Research
  • ID: 5921055
Description Jump to:
The global infant nutrition market size is expected to reach USD 611.1 million by 2030 and is projected to grow at a CAGR of 7.7% from 2024 to 2030, according to the study. The market's expansion is driven by factors such as a rising number of working mothers, increased spending on infant health, and a growing demand for organic baby food. The number of young working mothers has notably increased in recent years, significantly impacting the infant nutrition industry. According to March 2023 Office for National Statistics (ONS) UK labor report, 15.66 million women aged 16 and older were employed from October to December 2022, indicating a rise of 108,000 compared to the previous year. The percentage of women employed fell to 72.3% in February 2020 from a record high of 72.7% in December 2019.

The COVID-19 pandemic has had a significant impact on the infant nutrition industry, with lockdown measures affecting the lives of new and expectant mothers. The global food and beverage sector, including the baby formula market, experienced notable challenges. The market faced disruptions, impacting sales, and market participants invested heavily to ensure children's access to essential nutrients. The growing focus on health and wellness extends to infant nutrition, with parents seeking products promoting overall health, brain development, and immune system support. There are potential opportunities from the expanding middle-class population in emerging nations and the demand for solutions catering to the schedules of working mothers.

Despite challenges, such as stringent regulations and low fertility rates in some countries, market growth is driven by factors like the US FDA's increasing approval rate and major competitors' introduction of innovative products. For instance, Danone introduced the Dairy and Plants Blend baby formula in July 2022, providing flexitarian options, while Bunge Loders Croklaan launched a novel lipid ingredient for baby formula in January 2021.

Infant Nutrition Market Report Highlights

  • Based on product type, the market is segmented into infant milk formula, baby food, follow-on milk, and others. The infant milk formula segment held the largest revenue share of 38.9% in 2023, while the baby food segment is anticipated to witness significant growth, driven by the introduction of innovative solutions
  • Based on form, the market is categorized into solid and liquid segments. The solid form segment dominated in 2023, whereas the liquid form segment is projected to show substantial growth throughout the forecast period
  • In terms of sales channel, the hypermarkets/supermarkets segment played a pivotal role, dominating the sales channel in 2023. On the other hand, online channels segment is anticipated to exhibit the fastest CAGR, driven by factors like a diverse product range and convenience
  • In 2023, North America held the largest revenue share, while Asia-Pacific is anticipated to witness the fastest CAGR, attributed to the increasing adoption of infant nutrition products due to a rising birth rate


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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product Type
1.1.2. Form
1.1.3. Sales Channel
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.3.5.1. Data for Primary Interviews in North America
1.3.5.2. Data for primary interviews in Europe
1.3.5.3. Data for primary interviews in Asia-Pacific
1.3.5.4. Data for Primary Interviews in Latin America
1.3.5.5. Data for Primary Interviews in MEA
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.2. Approach 1: Commodity flow approach
1.6.3. Volume price analysis (Model 2)
1.6.4. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product Type outlook
2.2.2. Form outlook
2.2.3. Sales Channel outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Infant Nutrition Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Urbanization and changing lifestyles
3.2.1.2. Increasing awareness about infant nutrition
3.2.1.3. E-commerce growth and product innovation
3.2.2. Market Restraint Analysis
3.2.2.1. Stringent regulations & guidelines
3.3. Infant Nutrition Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
Chapter 4. Infant Nutrition Market: Product Type Estimates & Trend Analysis
4.1. Definitions and Scope
4.2. Product Type Market Share, 2023 & 2030
4.3. Segment Dashboard
4.4. Global Infant Nutrition Market by Product Type Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.5.1. Infant Milk Formula
4.5.1.1. Market estimates and forecast 2018 to 2030 (USD Million)
4.5.2. Baby food
4.5.2.1. Market estimates and forecast 2018 to 2030 (USD Million)
4.5.3. Follow-on Milk
4.5.3.1. Market estimates and forecast 2018 to 2030 (USD Million)
4.5.4. Others
4.5.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. Infant Nutrition Market: Form Estimates & Trend Analysis
5.1. Definitions and Scope
5.2. Form Market Share, 2023 & 2030
5.3. Segment Dashboard
5.4. Global Infant Nutrition Market by Form Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.5.1. Solid
5.5.1.1. Market estimates and forecast 2018 to 2030 (USD Million)
5.5.2. Liquid
5.5.2.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. Infant Nutrition Market: Sales Channel Estimates & Trend Analysis
6.1. Definitions and Scope
6.2. Sales Channel Market Share, 2023 & 2030
6.3. Segment Dashboard
6.4. Global Infant Nutrition Market by Sales Channel Outlook
6.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
6.5.1. Hypermarkets/Supermarkets
6.5.1.1. Market estimates and forecast 2018 to 2030 (USD million)
6.5.2. Pharmacy/Medical Stores
6.5.2.1. Market estimates and forecast 2018 to 2030 (USD Million)
6.5.3. Online Channels
6.5.3.1. Market estimates and forecast 2018 to 2030 (USD Million)
6.5.4. Other
6.5.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 7. Infant Nutrition Market: Regional Estimates & Trend Analysis
7.1. Regional Market Share Analysis, 2023 & 2030
7.2. Regional Market Dashboard
7.3. Global Regional Market Snapshot
7.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030
7.5. North America
7.5.1. U.S.
7.5.1.1. U.S. market estimates and forecast, 2018-2030 (USD Million)
7.5.2. Canada
7.5.2.1. Canada market estimates and forecast, 2018-2030 (USD Million)
7.6. Europe
7.6.1. UK
7.6.1.1. UK market estimates and forecast, 2018-2030 (USD Million)
7.6.2. Germany
7.6.2.1. Germany market estimates and forecast, 2018-2030 (USD Million)
7.6.3. France
7.6.3.1. France market estimates and forecast, 2018-2030 (USD Million)
7.6.4. Italy
7.6.4.1. Italy market estimates and forecast, 2018-2030 (USD Million)
7.6.5. Spain
7.6.5.1. Spain market estimates and forecast, 2018-2030 (USD Million)
7.6.6. Norway
7.6.6.1. Norway market estimates and forecast, 2018-2030 (USD Million)
7.6.7. Sweden
7.6.7.1. Sweden market estimates and forecast, 2018-2030 (USD Million)
7.6.8. Denmark
7.6.8.1. Denmark market estimates and forecast, 2018-2030 (USD Million)
7.7. Asia-Pacific
7.7.1. Japan
7.7.1.1. Japan market estimates and forecast, 2018-2030 (USD Million)
7.7.2. China
7.7.2.1. China market estimates and forecast, 2018-2030 (USD Million)
7.7.3. India
7.7.3.1. India market estimates and forecast, 2018-2030 (USD Million)
7.7.4. Australia
7.7.4.1. Australia market estimates and forecast, 2018-2030 (USD Million)
7.7.5. South Korea
7.7.5.1. South Korea market estimates and forecast, 2018-2030 (USD Million)
7.7.6. Thailand
7.7.6.1. Thailand market estimates and forecast, 2018-2030 (USD Million)
7.8. Latin America
7.8.1. Brazil
7.8.1.1. Brazil market estimates and forecast, 2018-2030 (USD Million)
7.8.2. Mexico
7.8.2.1. Mexico market estimates and forecast, 2018-2030 (USD Million)
7.8.3. Argentina
7.8.3.1. Argentina market estimates and forecast, 2018-2030 (USD Million)
7.9. MEA
7.9.1. South Africa
7.9.1.1. South Africa market estimates and forecast, 2018-2030 (USD Million)
7.9.2. Saudi Arabia
7.9.2.1. Saudi Arabia market estimates and forecast, 2018-2030 (USD Million)
7.9.3. UAE
7.9.3.1. UAE market estimates and forecast, 2018-2030 (USD Million)
7.9.4. Kuwait
7.9.4.1. Kuwait market estimates and forecast, 2018-2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.2.1. Innovators
8.3. Vendor Landscape
8.3.1. List of key distributors and channel partners
8.3.2. Key customers
8.3.3. Key company market share analysis, 2023
8.3.4. Nestlé
8.3.4.1. Company overview
8.3.4.2. Financial performance
8.3.4.3. Product benchmarking
8.3.4.4. Strategic initiatives
8.3.5. Walgreen Co.
8.3.5.1. Company overview
8.3.5.2. Financial performance
8.3.5.3. Product benchmarking
8.3.5.4. Strategic initiatives
8.3.6. Nutricia
8.3.6.1. Company overview
8.3.6.2. Financial performance
8.3.6.3. Product benchmarking
8.3.6.4. Strategic initiatives
8.3.7. Abbott
8.3.7.1. Company overview
8.3.7.2. Financial performance
8.3.7.3. Product benchmarking
8.3.7.4. Strategic initiatives
8.3.8. The Hain Celestial Group
8.3.8.1. Company overview
8.3.8.2. Financial performance
8.3.8.3. Product benchmarking
8.3.8.4. Strategic initiatives
8.3.9. Holle Baby Food AG
8.3.9.1. Company overview
8.3.9.2. Financial performance
8.3.9.3. Product benchmarking
8.3.9.4. Strategic initiatives
8.3.10. China Mengniu Dairy Company Limited
8.3.10.1. Company overview
8.3.10.2. Financial performance
8.3.10.3. Product benchmarking
8.3.10.4. Strategic initiatives
8.3.11. Perrigo Company plc,
8.3.11.1. Company overview
8.3.11.2. Financial performance
8.3.11.3. Product benchmarking
8.3.11.4. Strategic initiatives
8.3.12. The Kraft Heinz Company
8.3.12.1. Company overview
8.3.12.2. Financial performance
8.3.12.3. Product benchmarking
8.3.12.4. Strategic initiatives
8.3.13. DANA DAIRY GROUP
8.3.13.1. Company overview
8.3.13.2. Financial performance
8.3.13.3. Product benchmarking
8.3.13.4. Strategic initiatives
List of Tables
1. List of Abbreviation
2. North America infant nutrition market, by region, 2018-2030 (USD Million)
3. North America infant nutrition market, by product type, 2018-2030 (USD Million)
4. North America infant nutrition market, by form, 2018-2030 (USD Million)
5. North America infant nutrition market, by sales channel, 2018-2030 (USD Million)
6. U.S. infant nutrition market, by product type, 2018-2030 (USD Million)
7. U.S. infant nutrition market, by form, 2018-2030 (USD Million)
8. U.S. infant nutrition market, by sales channel, 2018-2030 (USD Million)
9. Canada infant nutrition market, by product type, 2018-2030 (USD Million)
10. Canada infant nutrition market, by form, 2018-2030 (USD Million)
11. Canada infant nutrition market, by sales channel, 2018-2030 (USD Million)
12. Europe infant nutrition market, by region, 2018-2030 (USD Million)
13. Europe infant nutrition market, by product type, 2018-2030 (USD Million)
14. Europe infant nutrition market, by form, 2018-2030 (USD Million)
15. Europe infant nutrition market, by sales channel, 2018-2030 (USD Million)
16. Germany infant nutrition market, by product type, 2018-2030 (USD Million)
17. Germany infant nutrition market, by form, 2018-2030 (USD Million)
18. Germany infant nutrition market, by sales channel, 2018-2030 (USD Million)
19. UK infant nutrition market, by product type, 2018-2030 (USD Million)
20. UK infant nutrition market, by form, 2018-2030 (USD Million)
21. UK infant nutrition market, by sales channel, 2018-2030 (USD Million)
22. France infant nutrition market, by product type, 2018-2030 (USD Million)
23. France infant nutrition market, by form, 2018-2030 (USD Million)
24. France infant nutrition market, by sales channel, 2018-2030 (USD Million)
25. Italy infant nutrition market, by product type, 2018-2030 (USD Million)
26. Italy infant nutrition market, by form, 2018-2030 (USD Million)
27. Italy infant nutrition market, by sales channel, 2018-2030 (USD Million)
28. Spain infant nutrition market, by product type, 2018-2030 (USD Million)
29. Spain infant nutrition market, by form, 2018-2030 (USD Million)
30. Spain infant nutrition market, by sales channel, 2018-2030 (USD Million)
31. Denmark infant nutrition market, by product type, 2018-2030 (USD Million)
32. Denmark infant nutrition market, by form, 2018-2030 (USD Million)
33. Denmark infant nutrition market, by sales channel, 2018-2030 (USD Million)
34. Sweden infant nutrition market, by product type, 2018-2030 (USD Million)
35. Sweden infant nutrition market, by form, 2018-2030 (USD Million)
36. Sweden infant nutrition market, by sales channel, 2018-2030 (USD Million)
37. Norway infant nutrition market, by product type, 2018-2030 (USD Million)
38. Norway infant nutrition market, by form, 2018-2030 (USD Million)
39. Norway infant nutrition market, by sales channel, 2018-2030 (USD Million)
40. Asia-Pacific infant nutrition market, by region, 2018-2030 (USD Million)
41. Asia-Pacific infant nutrition market, by product type, 2018-2030 (USD Million)
42. Asia-Pacific infant nutrition market, by form, 2018-2030 (USD Million)
43. Asia-Pacific infant nutrition market, by sales channel, 2018-2030 (USD Million)
44. China infant nutrition market, by product type, 2018-2030 (USD Million)
45. China infant nutrition market, by form, 2018-2030 (USD Million)
46. China infant nutrition market, by sales channel, 2018-2030 (USD Million)
47. Japan infant nutrition market, by product type, 2018-2030 (USD Million)
48. Japan infant nutrition market, by form, 2018-2030 (USD Million)
49. Japan infant nutrition market, by sales channel, 2018-2030 (USD Million)
50. India infant nutrition market, by product type, 2018-2030 (USD Million)
51. India infant nutrition market, by form, 2018-2030 (USD Million)
52. India infant nutrition market, by sales channel, 2018-2030 (USD Million)
53. South Korea infant nutrition market, by product type, 2018-2030 (USD Million)
54. South Korea infant nutrition market, by form, 2018-2030 (USD Million)
55. South Korea infant nutrition market, by sales channel, 2018-2030 (USD Million)
56. Australia infant nutrition market, by product type, 2018-2030 (USD Million)
57. Australia infant nutrition market, by form, 2018-2030 (USD Million)
58. Australia infant nutrition market, by sales channel, 2018-2030 (USD Million)
59. Thailand infant nutrition market, by product type, 2018-2030 (USD Million)
60. Thailand infant nutrition market, by form, 2018-2030 (USD Million)
61. Thailand infant nutrition market, by sales channel, 2018-2030 (USD Million)
62. Latin America infant nutrition market, by product type, 2018-2030 (USD Million)
63. Latin America infant nutrition market, by form, 2018-2030 (USD Million)
64. Latin America surgical ablation market, by sales channel, 2018-2030 (USD Million)
65. Latin America laparoscopic ablation market, by sales channel, 2018-2030 (USD Million)
66. Latin America percutaneous ablation market, by sales channel, 2018-2030 (USD Million)
67. Latin America infant nutrition market, by sales channel, 2018-2030 (USD Million)
68. Brazil infant nutrition market, by product type, 2018-2030 (USD Million)
69. Brazil infant nutrition market, by form, 2018-2030 (USD Million)
70. Brazil surgical ablation market, by sales channel, 2018-2030 (USD Million)
71. Brazil laparoscopic ablation market, by sales channel, 2018-2030 (USD Million)
72. Brazil percutaneous ablation market, by sales channel, 2018-2030 (USD Million)
73. Brazil infant nutrition market, by sales channel, 2018-2030 (USD Million)
74. Mexico infant nutrition market, by product type, 2018-2030 (USD Million)
75. Mexico infant nutrition market, by form, 2018-2030 (USD Million)
76. Mexico surgical ablation market, by sales channel, 2018-2030 (USD Million)
77. Mexico laparoscopic ablation market, by sales channel, 2018-2030 (USD Million)
78. Mexico percutaneous ablation market, by sales channel, 2018-2030 (USD Million)
79. Mexico infant nutrition market, by sales channel, 2018-2030 (USD Million)
80. Argentina infant nutrition market, by product type, 2018-2030 (USD Million)
81. Argentina infant nutrition market, by form, 2018-2030 (USD Million)
82. Argentina surgical ablation market, by sales channel, 2018-2030 (USD Million)
83. Argentina laparoscopic ablation market, by sales channel, 2018-2030 (USD Million)
84. Argentina percutaneous ablation market, by sales channel, 2018-2030 (USD Million)
85. Argentina infant nutrition market, by sales channel, 2018-2030 (USD Million)
86. MEA infant nutrition market, by region, 2018-2030 (USD Million)
87. MEA infant nutrition market, by product type, 2018-2030 (USD Million)
88. MEA infant nutrition market, by form, 2018-2030 (USD Million)
89. MEA infant nutrition market, by sales channel, 2018-2030 (USD Million)
90. South Africa infant nutrition market, by product type, 2018-2030 (USD Million)
91. South Africa infant nutrition market, by form, 2018-2030 (USD Million)
92. South Africa infant nutrition market, by sales channel, 2018-2030 (USD Million)
93. Saudi Arabia infant nutrition market, by product type, 2018-2030 (USD Million)
94. Saudi Arabia infant nutrition market, by form, 2018-2030 (USD Million)
95. Saudi Arabia infant nutrition market, by sales channel, 2018-2030 (USD Million)
96. UAE infant nutrition market, by product type, 2018-2030 (USD Million)
97. UAE infant nutrition market, by form, 2018-2030 (USD Million)
98. UAE infant nutrition market, by sales channel, 2018-2030 (USD Million)
99. Kuwait infant nutrition market, by product type, 2018-2030 (USD Million)
100. Kuwait infant nutrition market, by form, 2018-2030 (USD Million)
101. Kuwait infant nutrition market, by sales channel, 2018-2030 (USD Million)
List of Figures
Figure 1 Market research process
Figure 2 Data triangulation techniques
Figure 3 Primary research pattern
Figure 4 Primary interviews
Figure 5 Market research approaches
Figure 6 Value-chain-based sizing & forecasting
Figure 7 QFD modeling for market share assessment
Figure 8 Market formulation & validation
Figure 9 Infant nutrition market: market outlook
Figure 10 Infant Nutrition Competitive Insights
Figure 11 Parent market outlook
Figure 12 Related/ancillary market outlook
Figure 13 Penetration and growth prospect mapping
Figure 14 Industry value chain analysis
Figure 15 Infant Nutrition market driver impact
Figure 16 Infant nutrition market restraint impact
Figure 17 Infant nutrition market strategic initiatives analysis
Figure 18 Infant nutrition market: product type movement analysis
Figure 19 Infant nutrition market: product type outlook and key takeaways
Figure 20 Infant milk formula market estimates and forecast, 2018-2030
Figure 21 Baby food estimates and forecast, 2018-2030
Figure 22 Follow-on-milk market estimates and forecast, 2018-2030
Figure 23 Others estimates and forecast, 2018-2030
Figure 24 Infant nutrition market: form movement analysis
Figure 25 Infant nutrition market: form outlook and key takeaways
Figure 26 Solid market estimates and forecast, 2018-2030
Figure 27 Liquid market estimates and forecast,2018-2030
Figure 28 Infant nutrition market: sales channel movement analysis
Figure 29 Infant nutrition market: sales channel outlook and key takeaways
Figure 30 Hypermarkets/Supermarkets market estimates and forecast, 2018-2030
Figure 31 Pharmacy/Medical Stores market estimates and forecast,2018-2030
Figure 32 Online channels market estimates and forecast, 2018-2030
Figure 33 Specialty stores market estimates and forecast,2018-2030
Figure 34 Other market estimates and forecast,2018-2030
Figure 35 Global infant nutrition market: regional movement analysis
Figure 36 Global infant nutrition market: regional outlook and key takeaways
Figure 37 Global infant nutrition market share and leading players
Figure 38 North America market share and leading players
Figure 39 Europe market share and leading players
Figure 40 Asia-Pacific market share and leading players
Figure 41 Latin America market share and leading players
Figure 42 Middle East & Africa market share and leading players
Figure 43 North America: SWOT
Figure 44 Europe SWOT
Figure 45 Asia-Pacific SWOT
Figure 46 Latin America SWOT
Figure 47 MEA SWOT
Figure 48 North America, by country
Figure 49 North America market estimates and forecast, 2018-2030
Figure 50 U.S. market estimates and forecast, 2018-2030
Figure 51 Canada market estimates and forecast, 2018-2030
Figure 52 Europe market estimates and forecast, 2018-2030
Figure 53 UK market estimates and forecast, 2018-2030
Figure 54 Germany market estimates and forecast, 2018-2030
Figure 55 France market estimates and forecast, 2018-2030
Figure 56 Italy market estimates and forecast, 2018-2030
Figure 57 Spain market estimates and forecast, 2018-2030
Figure 58 Denmark market estimates and forecast, 2018-2030
Figure 59 Sweden market estimates and forecast, 2018-2030
Figure 60 Norway market estimates and forecast, 2018-2030
Figure 61 Asia-Pacific market estimates and forecast, 2018-2030
Figure 62 China market estimates and forecast, 2018-2030
Figure 63 Japan market estimates and forecast, 2018-2030
Figure 64 India market estimates and forecast, 2018-2030
Figure 65 Thailand market estimates and forecast, 2018-2030
Figure 66 South Korea market estimates and forecast, 2018-2030
Figure 67 Australia market estimates and forecast, 2018-2030
Figure 68 Latin America market estimates and forecast, 2018-2030
Figure 69 Brazil market estimates and forecast, 2018-2030
Figure 70 Mexico market estimates and forecast, 2018-2030
Figure 71 Argentina market estimates and forecast, 2018-2030
Figure 72 Middle East and Africa market estimates and forecast, 2018-2030
Figure 73 South Africa market estimates and forecast, 2018-2030
Figure 74 Saudi Arabia market estimates and forecast, 2018-2030
Figure 75 UAE market estimates and forecast, 2018-2030
Figure 76 Kuwait market estimates and forecast, 2018-2030
Figure 77 Market share of key market players- Infant Nutrition market

Companies Mentioned

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

Methodology

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Table Information

Report AttributeDetails
No. of Pages120
PublishedDecember 2023
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 365.6 Million
Forecasted Market Value ( USD ) by 2030 $ 611.1 Million
Compound Annual Growth Rate7.7%
Regions CoveredGlobal
No. of Companies Mentioned10

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