A recent report published by Infinium Global Research on infant nutrition market provides in-depth analysis of segments and sub-segments in the global as well as regional infant nutrition market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional infant nutrition market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global infant nutrition market. According to the report, Infant Nutrition Market was valued approximately USD 85 billion in 2021 and is expected to reach up to USD 125 billion in 2027, with a CAGR of 7.1% during the forecast period.
Infant nutrition products are partial or full alternatives for natural breast milk to provide the essential nutrients for growth. There are two types of infant nutrition products available which are Infant formula and baby food. Most of the Infant formulas are made from cow milk and it is helpful to many mothers who cannot breastfeed after few months of birth. Whereas, soy-based formulas and protein hydrolysate-based infant formulas are available in the world market. Nowadays, ready-to-feed liquid infant formulas are also popular among consumers.
An increasing number of working women across the world is a major driver for the growth of the global infant nutrition market. Rapid urbanization and increasing disposable income among couples make infant nutrition products affordable. As more doctors are positively recommending nutrition products for infants, it is generating more confidence among parents to buy them for their infants. Improved packaging of the products is also generating more interest among the parents. The increasing malnutrition among babies across the world is a major driver of growth for the global infant nutrition market. The potential concerns for allergy and autoimmune diseases among some parents are major restraints for the global infant nutrition market. Furthermore, instances of contamination in products from certain manufacturers in the recent past pose concerns about the safety of packaged foods for infants among parents. The high cost of production of infant nutrition products affects the retail price, as there are natural alternatives, and it is a restraint for the global infant nutrition market. The steady decline in birth rates in many matured economies is a major challenge for the major players in the market. Moreover, the changing purchasing pattern of consumers over the world creates lucrative opportunities for the organic baby food sector. Although infant nutritional products have been available for medical and home use, sales of these products have soared amid the Covid-19 pandemic. Several companies have significantly ramped up infant nutrition production output due to the extreme demand for these products during the current COVID-19 pandemic. Also, the rising government funding in the treatment of the virus is also anticipated to drive the demand for infant nutritional products in medical facilities. The consumption is expected to remain high for the years 2021 and 2022, and the market is likely to witness stable growth post-pandemic.
Geographically, the North American region is anticipated to remain the leading infant nutrition market in the world. The market in this region is expected to have a stable growth rate due to stagnant birth rates. Increasing online retail sales of baby food products is a positive driver for the North American market. Asia-Pacific is expected to attain the fastest growth rate due to the booming population in countries such as China, India, and Indonesia. Latin American infant nutrition market is expected to gain significant growth during the forecast period due to the demand from Brazil, Mexico, and some other emerging nations in the region. The significant increase in working mothers is driving the demand for powdered milk products in the Latin American region. An increase in the birth rates and presence of millions of babies under the age of three in African countries are key factors that drive the African infant nutrition market.
The report on the global infant nutrition market covers segments such as type, and distribution channel. On the basis of type, the sub-markets include baby food, and infant formula. On the basis of distribution channel, the sub-markets include hypermarket/supermarket, convenience stores, pharmacy, online, and others.
The report provides profiles of the companies in the market such as Abott Nutrition, Nestle S.A., Beingmate Baby & Child Food Co Ltd, Ellas Kitchen, Freisland Campina, Groupe Dandone, Hain Celestial Group, Mead Johnson Nutrition Company, Pfizer Inc, and The Kraft Heinz Company.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of infant nutrition market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.