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2019
Infant Nutrition Market

Infant Nutrition Market by Product Type (Follow-on Milk, Specialty Baby Milk, Infant Milk, Prepared Baby Food, and Dried Baby Food), Form (Solid and Liquid), and Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Pharmacy, Online, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
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A05800
Pages: 246
Nov 2019 | 8603 Views
Author(s) : Nitesh Chouhan, Shankar Bhandalkar , Roshan Deshmukh
Tables: 137
Charts: 68
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Infant Nutrition Market Outlook - 2026

The global infant nutrition market size was valued at $34.2 billion in 2018, and is estimated to reach $61.6 billion by 2026 with a CAGR of 7.7% from 2019 to 2026. Nutrition is one of the most significant factors that influences a child’s development and growth. The infant nutrition market comprises a diversified range of products from various infant formulas to baby food products. According to Federal Food, Drug, and Cosmetic Act, infant nutrition means food that is represented for special dietary use, solely as a food for infants as its simulation of human milk or its suitability as a complete or partial substitute for human milk. 

Infant nutrition is produced for feeding babies and infants, who are usually under 12 month of age and also it is prepared from liquid or powder. Infant nutrition facilitates healthy growth and development of babies, improves cognitive performance and development, prevents them from allergies, and also increases gastrointestinal health & immunity. 

Infant Nutrition Market

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Global per capita income has witnessed a healthy growth rate over the past few years, particularly in the emerging economies. Increase in urbanization, growth of the middle class consumers, and increasing rates of female participation in the labor force in developing and developed market has encouraged the adoption of convenience- oriented lifestyles, making infant nutrition food like baby formula and prepared baby food desirable. According to estimates, the per capita income in the next decade is expected to increase twice as fast in the developing countries relative to developed countries. This has significant implications for growth of the infant nutrition market. 

Furthermore, organic products have been gaining steady share in the retail market. Moreover, it is one of the fastest growing sector in the food industry. The changing purchasing behavior pattern among the consumers, creates huge opportunities for the organic baby food sector. In addition, due to increase in health consciousness among consumers, the preference for organic and clean-labelled products has increased significantly. Therefore, increase in demand for organic and natural products continues to provide various opportunities for the stakeholders. However, low birth rate and stringent quality checks by the government and food departments regarding the restricted use of ingredients in baby food can hamper the infant nutrition market.

Product innovation plays an important role in the growth of the baby food market. Intensive R&D activities have facilitated the launch of innovative products in the market. In addition, safety of baby food is the prime concern among consumers and manufacturers. Tamper-proof packaging of baby food products ensures optimal safety of its contents. Innovations in improving the safety of these products through process improvements and technological advancements would increase the infant nutrition market demand in future.

The global infant nutrition market is segmented into product type, form, distribution channel, and region. By product type, the market is categorized into follow-on milk, specialty baby milk, infant milk, prepared baby food, and dried baby food. Depending on form, it is bifurcated into solid and liquid. On the basis of distribution channel, it is classified into hypermarket/supermarket, convenience stores, pharmacy, online, and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South-East Asia and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

On the basis of product type, the infant milk segment led in terms of infant nutrition market share in 2018, and is expected to retain its dominance during the forecast period. There is an increase in the number of working women, who majorly prefer infant milk for their babies since breastfeeding is not always a feasible option for them. Moreover, many working women join their jobs shortly after giving birth, which makes them opt for alternatives, such as infant milk, to feed their child.

Infant Nutrition Market
By Product Type

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Infant milk segments dominates the global Infant Nutrition market and is expected to retain its dominance throughout the forecast period.

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On the basis of form, the solid segment led the infant nutrition market value in 2018. Solid baby foods include cereals and pureed bananas and feeding this food to babies provides them more energy and also reduces the chance of allergic reaction. 

Infant Nutrition Market
By Form

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Liquid segment is projected to grow with highest CAGR during the forecast period

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By distribution channel, the hypermarket/supermarket segment leads the infant nutrition market share in 2018. Owing to increase in urbanization, rising working class population and competitive pricing is boosting the popularity of hypermarket/supermarkets in the developed and developing region.

Infant Nutrition Market
By Distribution Channel

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Online segment is expected to grow at a lucrative CAGR of 10.2% during the forecast period

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The key players operating in the infant nutrition industry include Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckise (Mead Johnson & Company LLC), Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

Infant Nutrition Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

LAMEA dominates the Global Infant Nutrition market and is expected to grow with a CAGR of 10.6% during the forecast period

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Key Benefits for Infant Nutrition Market:

  • This report provides a quantitative analysis of the market segments, current infant nutrition market trends, estimations, and dynamics of the infant nutrition market analysis from 2018 to 2026 to identify the prevailing market opportunities.
  • The key countries in all the major regions are mapped on the basis of infant nutrition market share.
  • The infant nutrition market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the infant nutrition market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. 
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the infant nutrition market players.
  • The report includes the analysis of the regional as well as global infant nutrition industry trends, key players, market segments, application areas, and infant nutrition market growth strategies. 

Key Market Segments & Key Market Players

Segments Sub-segments
By Product Type
  • Follow-on Milk
  • Specialty baby milk
  • Infant Milk
  • Prepared baby food
  • Dried baby food

By Form
  • Solid baby food
  • Liquid baby food

By Distribution Channel
  • Hypermarket/Supermarket
  • Convenience Stores
  • Pharmacy
  • Online
  • Others

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South East Asia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players
  • Abbott Laboratories (Abbott)
  • Anand Milk Union Limited (AMUL)
  • Arla Foods amba (Arla)
  • Campbell Soup Company
  • DANA Dairy Group LTD
  • Danone
  • Nestle S.A.
  • Perrigo Company plc
  • Reckitt Benckiser Group plc.
  • The Kraft Heinz Company
 

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Numerous companies under different brands in the market offer baby foods. R&D activities and innovations for improving the flavors and ingredients of infant nutrition food has helped these companies to increase their overall sale of baby food products in the market. Busy lifestyle of individuals have influenced them to use prepared baby food and infant formula. People in the rural and semi-urban areas have steadily started using packaged baby foods, owing to increase visibility due to the proliferation of media and other communication channels. Evolution of online sale of baby food products further increase the overall revenue for the industry. 

The growth of baby food is highly dependent on the innovation and awareness among the consumers to provide complete nutrition to their child. Demand for baby foods is higher in the emerging countries, as they are equally growing in terms of money and population. Countries such as China and India occupy larger market share in the global baby food market, companies need to address rapidly changing consumer needs to cater to their emerging demand. Acquisition and product launch is the key to sustain in the ever-growing infant nutrition market.
 

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