Infant Nutrition Market is poised to cross USD 67.41 billion in 2022
Posted by rohan on February 24th, 2018
According to the report Infant Nutrition Market, published by Market Data Forecast, the Global market is projected to reach USD67.41 billion by 2022, at a CAGR of 7.3 % from 2017 to 2022.
Infant nutrition includes various products from different range of infant formulas. These formulas are fed to babies under 12months of age in the form of either powder or liquid. They contain whey and casein as protein sources and a carbohydrate source along with vitamin and mineral mix. Rapid urbanization is the major driving factor of the infant nutrition market.
Get a comprehensive overview of the Infant nutrition market: https://www.marketdataforecast.com/market-reports/global-infant-nutrition-market-2332/
Infant Nutrition Market: Drivers & Restraints
The upsurge in the disposable income earned by people, rise in the number of working mothers and rapid urbanization are the factors which are propelling the market growth. The formulas come in a convenient to use packaging and can be used when travelling as well. This further drives the market growth.
Since these formulas are packaged, parents fear the risk of diseases and allergies which is a major market restraint. Moreover, the psychological block in the head of the parents will further hamper the market growth.
Get accurate market forecast and analysis on the Infant nutrition market. Request a sample to stay up-to-date on the main trends affecting this market: https://www.marketdataforecast.com/market-reports/global-infant-nutrition-market-2332/request-sample
Infant nutrition market: Segmentation
Follow on milk formula
Starting milk formula
Special milk formula
Toddlers milk formula
By Distribution channel
Chemist or pharmacist
Infant Nutrition Market: Overview
In 2017, the toddler milk formula category is anticipated to command the largest share of the market. Only breast milk can act as a substitute for it and the lack of other alternatives serves as a major driver for the infant milk formula market growth. Pharmacy store segment dominated the market during the forecast period.
The Infant Nutrition Market is dominated by Europe followed by North America. However, these regions are expected to show slow growth, Asia Pacific on the other hand, is expected to register the highest CAGR. India is predicted to grow at a robust rate due to the increasing population. Latin America also proves to be a lucrative market.
Infant Nutrition Market: Key Players
The Infant Nutrition market is highly competitive with a large number of players. Some of the major Companies are Nestlé S.A., Abbott Nutrition, Groupe Danone, Mead Johnson Nutrition, Meiji Holdings Co. Ltd, The Kraft Heinz Company, Beingmate Baby & Child Food Co. Ltd Pfizer Inc. and ., Synutra International, Inc.,Friesland Campina.
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About the Authorrohan
Joined: September 20th, 2017
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