Baby Drinks Market Overview:
Global Baby Drinks Market was valued at $20,936 million in 2016, and is expected to garner $41,616 million by 2023, registering a CAGR of 10.4% from 2017 to 2023. Infant formula, baby juice, and baby electrolyte contain vitamins and nutrients for the development of the baby. Although physicians recommend breastfeeding to infants, infant formula can be used as an alternative due to the similar nutrient contents. The market is driven by increase in the number of women professionals. Moreover, changes in lifestyle, rise in middle class population, and growth in disposable income in the emerging economies, such as India, China, Indonesia, among others, have propelled the market growth. However, concerns related to food safety and decline in global birth rate are expected to hamper the market growth.
The global baby drinks market is segmented based on product, application, distribution channel, and geography. Based on product, it is divided into infant formula, baby juice, and baby electrolyte. Based on application, the baby food market is segmented into <6 months, 6 months to 12 months, 12 months to 36 months, and >36 months. Based on distribution channel, the market is categorized into hypermarkets, supermarkets, pharmacy/medical stores, specialty stores, hard discounter stores, and others. The market is analyzed based on geography into North America, Europe, Asia-Pacific, and LAMEA.
Global Baby Drinks Market Segmentation
Asia-Pacific is the highest revenue contributor to the global market, owing to large population under the age group of 0-4 years. Increased female participation in labor force in countries, such as China, India, South Korea, and Indonesia, have fueled the growth of baby drinks market. Moreover, increase in disposable income, busy lifestyle, and rise in standard of living in these regions have boosted the market growth. In 2016, China dominated the baby drinks market in terms of revenue, accounting for 56.9% share in the Asia-Pacific region.
Top Investment Pockets
China is the most lucrative region for baby drinks manufacturers. The rollback of the one child policy by the Chinese Government has led to increase in infant population, which would boost the consumption of baby drinks. Large size, high purchasing power, and increased consumption of baby drinks are expected to boost the market growth in China. In 2016, China accounted for the largest share in the global baby drinks market, registering a significant CAGR of 11.1%. India is expected to be the second most attractive market. Women prefer using ready-to-drink infant formula, baby juice, and baby electrolyte, owing to the increase in the number of female participation in labor-force and rise in number of nuclear families. The baby drinks market in India is estimated to grow at a CAGR of 11.7% from 2017 to 2023.
Global Baby Drinks Market: Top Investment Pockets, By Country
In 2016, the infant formula segment accounted for the highest share in the global baby drinks market. Iron rich infant formula helps to prevent anemia. Various infant formulas are based on probiotics, which help prevent diarrhea, ease colic, and reduce the risk of food allergies.
Brazil is the highest contributor to the LAMEA baby drinks market. This is attributed to high disposable income among consumers and presence of large number of working women in Brazil. As per the World Bank, about 43.1% of women account for the total labor force in Brazil. Moreover, Saudi Arabia is anticipated to grow at the highest rate due to high birth rate in this country and high disposable income of consumers. As per the World Bank, the birth rate in Saudi Arabia was estimated to be 20 per 1,000 people.
The key players profiled in the report include Nestle S.A., Heinz and Hain Celestial Group, Abbott Laboratories, Mead Johnson Nutrition Company, LLC., Danone, Beingmate Group Co. Ltd., HiPP GmbH & Co., Campbell Soup Company, Arla Foods, and D. Signstore.
The other key market players (not profiled in this report) in the value chain include Dano Food, Dana Dairy Group Ltd., Orhei-Vit, Freed Foods, Inc., Holle baby food GmbH, Nature's One, Inc., Organix Brands Limited, NANNYcare Ltd., Progress OAO, and Friesland Campina.
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global baby drinks market to elucidate the prevailing opportunities and tap the investment pockets.
- It offers qualitative trends and quantitative analysis of the global market from 2016 to 2023 to assist stakeholders to understand the market scenario.
- In-depth analysis of the key segments assists in understanding the trending products across various geographies.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies and the prevailing market opportunities.
- The key market players and their strategies and developments are profiled to understand the competitive outlook of the market.
Baby Drinks Market Segments:
- Infant Formula
- Infant Milk
- Specialty Baby Milk
- Growing-Up Milk
- Baby Juice
- Baby Electrolyte
- <6 Months
- 6 Months to 12 Months
- 12 Months to 36 Months
- >36 months
By Distribution Channel
- Pharmacy/Medical Stores
- Specialty Stores
- Hard Discounter Stores
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Saudi Arabia
- Rest of LAMEA