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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Infant Nutrition Market: By Product Type, By Distribution Channel and Geography
Infant Nutrition Market: By Product Type, By Distribution Channel and Geography
Infant Nutrition Market size was valued at US$ 45.4 Billion in 2023 and is projected to reach US$ 68.83 Billion in 2030 at a significant CAGR of 6.9% from 2024-2030. Infants need only breast milk during the age of 0-12 months for nutritional purposes. Infant nutritional products are similar to natural breast milk and are used for babies less than 2 years old. Nutritional products help to maintain proper growth by providing essential nutrients to the baby. Baby food and infant formula are two products used in infant nutrition.
The majority of infant nutrition products are prepared from cow milk. In June 2017, Reckitt Benckiser acquired Mead Johnson to diversify the companys infant nutrition portfolio. In August 2016, Nestle launched Ceregrow, an infant nutrition product belongs to cereal category in India.Infant nutrition market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report gives historical, current, and future market sizes (US$ Mn) of product type and distribution channel and geographic regions.
This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the market report include suppliers, manufacturers, marketers, policy makers engaged in manufacturing and supply of Infant nutrition.
Study Period
2024-2030Base Year
2023CAGR
6.9%Largest Market
Asia PacificFastest Growing Market
North America
A rise in the working mothers, rapid urbanization, increase in expenditure for high-quality baby foods, a rise in the disposable income are anticipated to fuel the infant nutrition market over the forecast period. Moreover, increase in the birth rate across the globe, increase in demand for packaging products, and availability of wider products are expected to boost the infant nutrition market over the forecast period. However, a high cost of the products, a risk of allergies and autoimmune disorders, poor quality of few packaged infant nutrition food, and environmental factors such as storage conditions might hinder the infant nutrition market growth over the forecast period.
Rise in the working women in Asia Pacific region majorly in India, Japan, and China (women employment rate in China has increased from 63.5% in 2010 to 63.8% in 2012), upsurge in the birth rate, and increase in disposable income are the key factors anticipated to fuel the infant nutrition market in the region. North America exhibiting significant growth owing to increase in the expenditure on baby healthcare products, rise in women employment rate (according to the U.S. Department of Labour (DOL), around 57% of women were part of the U.S. workforce in 2015), and high awareness about the infant nutrition products might bolster the infant nutrition market. However, in Europe region, due to increase in women employment rate majorly in U.K. and Germany (in Germany the women employment rate increased from 53% in 2010 to 54.1% in 2012), increase in the preference for child welfare, and high disposable income might fuel the infant nutrition market in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
6.9% |
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By Product Type |
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By Distribution Channel |
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By Region |
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The Infant nutrition market size was valued at US$ 45.4 billion in 2023
The Infant nutrition market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Infant nutrition market key players 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), Bega Cheese (Australia)
| 1. Executive Summary |
| 2. Global Infant Nutrition Market Introduction |
| 2.1.Global Infant Nutrition Market - Taxonomy |
| 2.2.Global Infant Nutrition Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Distribution Channel |
| 2.2.3.Region |
| 3. Global Infant Nutrition Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID-19 on Market |
| 4. Global Infant Nutrition Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Infant Nutrition Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Infant formula |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Infant milk |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Growing up milk |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Follow on milk |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Speciality baby formula |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Baby food |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Dried baby food |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Prepared baby food |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Others |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6. Global Infant Nutrition Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. E-commerce |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Retail pharmacies |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Supermarkets |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Drugstores |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Infant Nutrition Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Infant Nutrition Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Infant formula |
| 8.1.2.Infant milk |
| 8.1.3.Growing up milk |
| 8.1.4.Follow on milk |
| 8.1.5.Speciality baby formula |
| 8.1.6.Baby food |
| 8.1.7.Dried baby food |
| 8.1.8.Prepared baby food |
| 8.1.9.Others |
| 8.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.E-commerce |
| 8.2.2.Retail pharmacies |
| 8.2.3.Supermarkets |
| 8.2.4.Drugstores |
| 8.2.5.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Infant Nutrition Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Infant formula |
| 9.1.2.Infant milk |
| 9.1.3.Growing up milk |
| 9.1.4.Follow on milk |
| 9.1.5.Speciality baby formula |
| 9.1.6.Baby food |
| 9.1.7.Dried baby food |
| 9.1.8.Prepared baby food |
| 9.1.9.Others |
| 9.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.E-commerce |
| 9.2.2.Retail pharmacies |
| 9.2.3.Supermarkets |
| 9.2.4.Drugstores |
| 9.2.5.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Infant Nutrition Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Infant formula |
| 10.1.2.Infant milk |
| 10.1.3.Growing up milk |
| 10.1.4.Follow on milk |
| 10.1.5.Speciality baby formula |
| 10.1.6.Baby food |
| 10.1.7.Dried baby food |
| 10.1.8.Prepared baby food |
| 10.1.9.Others |
| 10.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.E-commerce |
| 10.2.2.Retail pharmacies |
| 10.2.3.Supermarkets |
| 10.2.4.Drugstores |
| 10.2.5.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Infant Nutrition Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Infant formula |
| 11.1.2.Infant milk |
| 11.1.3.Growing up milk |
| 11.1.4.Follow on milk |
| 11.1.5.Speciality baby formula |
| 11.1.6.Baby food |
| 11.1.7.Dried baby food |
| 11.1.8.Prepared baby food |
| 11.1.9.Others |
| 11.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.E-commerce |
| 11.2.2.Retail pharmacies |
| 11.2.3.Supermarkets |
| 11.2.4.Drugstores |
| 11.2.5.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Infant Nutrition Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Infant formula |
| 12.1.2.Infant milk |
| 12.1.3.Growing up milk |
| 12.1.4.Follow on milk |
| 12.1.5.Speciality baby formula |
| 12.1.6.Baby food |
| 12.1.7.Dried baby food |
| 12.1.8.Prepared baby food |
| 12.1.9.Others |
| 12.2. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.E-commerce |
| 12.2.2.Retail pharmacies |
| 12.2.3.Supermarkets |
| 12.2.4.Drugstores |
| 12.2.5.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Nestle S.A (Switzerland) |
| 13.2.2.Abbott Laboratories (U.S) |
| 13.2.3.Danone SA (France) |
| 13.2.4.Wakodo Co. Ltd. (Japan) |
| 13.2.5.The A2 Milk Company (Australia) |
| 13.2.6.Gerber Products Company (U.S) |
| 13.2.7.Beech-Nut Nutrition Corporation (U.S) |
| 13.2.8.Nurture Inc. (Happy Family) (U.S) |
| 13.2.9.Bellamy's Organic (Australia) |
| 13.2.10.Reckitt Benckiser Group Plc. (U.K) |
| 13.2.11.Blackmores (Australia) |
| 13.2.12.Bega Cheese (Australia) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.