Infant Nutrition Market Growth, Market Insights and Forecast to 2025
Posted by rekha on November 11th, 2019
“The Global Infant Nutrition Market was valued around US$ 83.6 Bn by 2018 and growing at a significant CAGR of 6.4% over next seven years 2019-2025 due to increasing malnutrition among babies across the world”
The global infant nutrition market accounted for US$ 83.6 Bn in 2018 and burgeoning over the forthcoming years. Higher spending on baby health, rising demand for organic baby food, increasing malnutrition among babies across the world, technological innovation in the packaging of infant nutrition products and rising disposable incomes are some key factors fueling the market growth. However, factors such as stringent regulation for infant food and concerns regarding food safety are hampering the market growth.Further, introduction of diverse infant formula products and swiftly growing purchasing patterns among consumers are creating huge growth opportunities for the market.
Global infant nutrition market segmented on the basis of product type, distribution channel and region.
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Infant Formula dominate the Global Infant Nutrition Market
Based on product type, global infant nutrition market is segmented into infant formula, infant milk, growing up milk, follow on milk, specialty baby formula, baby food, dried baby food, prepared baby food and others. Infant Formula held considerable market growth during estimated period. The World Health Organization recommends breast feeding infants for the first six months of life. When this breast feeding does not occur either through parental choice or medical need, infant formulas will be required. Infant formula attempts to mimic the nutritional composition of breast milk as closely as possible, and is based on cow’s milk or soymilk. Infant formula is intended as an effective substitute for infant feeding. Although production of an identical product to breast milk is not feasible, every effort has been taken to mimic the nutrition profile of human breast milk for normal infant growth and development.
North America Leads the Global Infant Nutrition market
PBI’s global infant nutrition market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.North America accounted for larger revenue share in global infant nutrition market with considerable CAGR. The growth in this region is due to rise in parental concerns, high awareness levels, presence of high per capita healthcare expenditure and rising disposable income. U.S is the major contributor for the growth of the market in the region. In addition, Asia Pacific held substantial growth during the estimated period owing to rise in the number of births along with the rise in disposable income and per capita spending on baby care.
Strategic Acquisitions are the Key Strategies Adopted by Market Players
Global infant nutrition market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In June 2017, Reckitt Benckiser acquired Mead Johnson to diversify the company’s infant nutrition portfolio
Key player’s profiles in the report are Nestle S.A. (Switzerland), Abbott Laboratories (U.S.), Danone SA (France), Wakodo Co. Ltd. (Japan), The a2 Milk Company (Australia), Gerber Products Company (U.S.), Beech-Nut Nutrition Corporation (U.S.), Nurture Inc. (Happy Family) (U.S.), Bellamy’s Organic (Australia), Reckitt Benckiser Group Plc. (U.K.), Blackmores (Australia), and Bega Cheese (Australia).
Precision Business Insights (PBI) in its report titled “Global Infant Nutrition Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Product Type
o Infant formula
o Infant milk
o Growing up milk
o Follow on milk
o Speciality baby formula
o Baby food
o Dried baby food
o Prepared baby food
By Distribution Channel
o Retail pharmacies
o North America
o Latin America
o Middle East and Africa (MEA)
For more information: https://www.precisionbusinessinsights.com/market-reports/global-infant-nutrition-market/
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About the Authorrekha
Joined: July 26th, 2019
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