Infant Nutrition Market - Global Outlook & Forecast 2021-2026

Infant Nutrition Market - Global Outlook & Forecast 2021-2026

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Infant Nutrition Market Report

The infant nutrition market by revenue is expected to grow at a CAGR of 7.70% during the period 2020–2026.

Every infant and child has the right to good nutrition under the Convention on the Child's Rights. In recent years, the increasing consumer awareness of health, a better understanding of the health and fitness of their children, and increasing adoption of natural and organic infant nutrition products are the major factors driving the market. First infant formula has high potential in APAC as the segment accounts for 47.81% of the market share due to increasing health awareness and personalized nutrition for infants. Rapid modernization and rising disposable income are the prominent reasons for the growing demand for infant nutrition solutions in developing and developed nations. Urbanization is predicted to increase the market potential for the market during the forecast period.

The following factors are likely to contribute to the growth of the infant nutrition market during the forecast period:

  • Rising Demand for Natural & Organic Products
  • Personalization In Infant Nutrition
  • Increasing Consumer Shift Toward Plant-Based Products
  • Rising Awareness for Infant Nutrition
The study considers the infant nutrition market’s present scenario and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

KEY HIGHLIGHTS
  • Parent's keen interest in organic nutrition for infants and sustainability are driving the growth of organic infant formula. 47% of global consumers seek organic food and drinks because of environmental concerns.
  • The increasing number of working mothers across the world and the substantial rises in their spending create an opportunity for players to boost up the sales of organic infant nutrition products.
  • Nowadays, parents are looking and selecting formulas based on their infants' needs and preferences, surging the growth of the personalized market. China has the highest potential in this market.
  • Nestle, one of the prominent players, goes vegan with plant-based infant formula.
  • Rising e-commerce platforms have helped increase the demand for infant food enriched with vitamins such as vitamin D.
  • The trend of using probiotic supplements in infant formula, baby food, and supplements for healthy early life is driving the growth of the infant nutrition market.
  • Product innovation plays a significant role in the growth of the baby nutrition market.
  • In 2020, the APAC infant nutrition market share accounted for the largest share of 44.69%.
  • The infant nutrition trend in North America is toward customizing infant nutrition products.
MARKET SHARE AND SEGMENTS
  • Follow-on formula is the fastest-growing category of breastmilk substitutes.
  • Growing-up formula and toddlers’ milk are marketed as an alternative to whole cow’s milk for children over one year.
  • The powder formula segment is expected to add USD 22.70 billion to the market by 2026.
  • APAC and Middle East & Africa are expected to witness high traction for powder formula.
  • The demand for concentrated liquid formula products is likely to gain momentum as they are easy to mix and more sterilized than powdered formula in the baby nutrition market.
  • The global ready-to-feed formula segment will grow at a CAGR of 8.69% in upcoming years.
Market Segmentation by Product Type
  • First Infant Formula
  • Follow-On Formula
  • Growing-Up Formula
  • Specialty Baby Formula
Market Segmentation by Forms
  • Powder Formula
  • Concentrated Liquid Formula
  • Ready-To-Feed Formula
Market Segmentation by Distribution Channels
  • Supermarket & Hypermarkets
  • Pharmacies & Drugstores
  • Online Channels
  • Convenience Stores
  • Others
GEOGRAPHIC ANALYSIS

The large base and rapidly increasing number of consumer's purchasing power is attracting many multinational brands to invest in the APAC region. For instance, Nestle, one of the key players, entered the third and fourth-tier cities of China and its substitution strategy, contributing to its sales recovery in 2020. Innovative packaging of baby nutrition products is driving infant formula growth, thereby contributing to the development of infant nutrition in the region. In APAC, the players focus on goat milk for producing infant formula, which is augmenting the region's infant formula market, thereby supporting the growth of infant nutrition. The development of infant nutrition products sales is expected to be higher in lower-tier cities than first and second-tier cities of APAC.

Market Segmentation by Geography
  • APAC
  • China
  • Japan
  • Australia
  • South Korea
  • India
  • North America
  • US
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Middle East & Africa
  • South Africa
  • UAE
  • Latin America
  • Brazil
  • Mexico
  • Argentina
VENDOR LANDSCAPE

The infant nutrition market is highly competitive with the presence of numerous players. The global market is dominated by vendors that have an international presence. International players are expected to expand their reach worldwide, especially in the fast-developing countries of the APAC region and Latin America, to boost their market share. According to the companies, China and India are the most lucrative and significant markets for a plant-based diet. For instance, Else Nutrition Holdings, an organization to target the baby formula segment of the plant-based market by offering 100% non-soy, non-dairy, plant-based baby formula. Players are manufacturing infant nutrition with innovative product specifications to have a competitive advantage over other vendors.

Prominent Vendors
  • Abbott
  • Danone
  • Nestle
  • Mead Johnson & Company
  • Perrigo Company
Other Prominent Vendors
  • Meiji Holdings Company
  • Reckitt Benckiser
  • Arla Foods
  • Bellamy’s Organic
  • FrieslandCampina
  • Parent's Choice Infant Formula
  • The Kraft Heinz Company
  • Beinmei Company
  • Glanbia
  • Dana Dairy Group
  • GCMMF
  • HiPP
  • Hero Group
  • Ausnutria Dairy Company
  • Babynat
  • Earth’s Best
  • FASSKA
  • Yashili International Holdings
  • Happy Family Organics
  • Holy baby food
  • Else
  • MORINAGA MILK INDUSTRY COMPANY
KEY QUESTIONS ANSWERED:

1. What is the growth rate of the Infant Nutrition Market?

2. Which region has the largest share in Global Infant Nutrition Market?

3. Who are the key players in Infant Nutrition Market?

4. What are the different types of products in Infant Nutrition?

5. Which distribution channel will have the highest market share in Infant Nutrition?


1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segments
4.4.1 Product Type
4.4.2 Form
4.4.3 Distribution Channel
4.4.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 COVID-19 Scenario
8 Market Opportunities & Trends
8.1 Rising Demand for Natural & Organic Products
8.2 Personalization in Infant Nutrition
8.3 Increasing Consumer Shift Toward Plant-Based Products
9 Market Growth Enablers
9.1 Rising Awareness of Infant Nutrition
9.2 Prebiotic & Probiotic Supplementation in Infant Nutrition
9.3 Investment In R&D Activities
10 Market Restraints
10.1 Stringent Rules & Regulations
10.2 Public Health Initiatives to Encourage Breastfeeding
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Five Forces Analysis
11.3.1 Threat of New Entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining Power of Buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 Product Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 First Infant Formula
12.3.1 Market Overview
12.3.2 Market Size & Forecast
12.3.3 Market by Geography
12.4 Follow-On Formula
12.4.1 Market Overview
12.4.2 Market Size & Forecast
12.4.3 Market by Geography
12.5 Growing-Up Formula
12.5.1 Market Overview
12.5.2 Market Size & Forecast
12.5.3 Market by Geography
12.6 Specialty Baby Formula
12.6.1 Market Overview
12.6.2 Market Size & Forecast
12.6.3 Market by Geography
13 Form
13.1 Market Snapshot & Growth Engine
13.3 Market Overview
13.4 Powder Formula
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
13.5 Concentrated Liquid Formula
13.5.1 Market Overview
13.5.2 Market Size & Forecast
13.5.3 Market by Geography
13.6 Ready-To-Feed Formula
13.6.1 Market Overview
13.6.2 Market Size & Forecast
13.6.3 Market by Geography
14 Distribution Channel
14.1 Market Snapshot & Growth Engine
14.3 Market Overview
14.4 Supermarkets & Hypermarkets
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
14.5 Pharmacies and Drugstores
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market by Geography
14.6 Online Channels
14.6.1 Market Overview
14.6.2 Market Size & Forecast
14.6.3 Market by Geography
14.7 Convenience Stores
14.7.1 Market Overview
14.7.2 Market Size & Forecast
14.7.3 Market by Geography
14.8 Others
14.8.1 Market Overview
14.8.2 Market Size & Forecast
14.8.3 Market by Geography
15 Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
16 APAC
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Product Type Segmentation
16.3.1 Market Size & Forecast
16.4 Forms Segmentation
16.4.1 Market Size & Forecast
16.5 Distribution Channels Segmentation
16.5.1 Market Size & Forecast
16.6 Key Countries
16.6.1 China: Market Size & Forecast
16.6.2 Japan: Market Size & Forecast
16.6.3 Australia: Market Size & Forecast
16.6.4 South Korea: Market Size & Forecast
16.6.5 India: Market Size & Forecast
17 North America
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Product Type Segmentation
17.3.1 Market Size & Forecast
17.4 Forms Segmentation
17.4.1 Market Size & Forecast
17.5 Distribution Channels Segmentation
17.5.1 Market Size & Forecast
17.6 Key Countries
17.6.1 US: Market Size & Forecast
17.6.2 Canada: Market Size & Forecast
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Product Type Segmentation
18.3.1 Market Size & Forecast
18.4 Forms Segmentation
18.4.1 Market Size & Forecast
18.5 Distribution Channels Segmentation
18.5.1 Market Size & Forecast
18.6 Key Countries
18.6.1 Germany: Market Size & Forecast
18.6.2 UK: Market Size & Forecast
18.6.3 France: Market Size & Forecast
18.6.4 Spain: Market Size & Forecast
18.6.5 Italy: Market Size & Forecast
19 Middle East & Africa
19.1 Market Overview
19.2 Market Size & Forecast
19.3 Product Type Segmentation
19.3.1 Market Size & Forecast
19.4 Forms Segmentation
19.4.1 Market Size & Forecast
19.5 Distribution Channels Segmentation
19.5.1 Market Size & Forecast
19.6 Key Countries
19.6.1 South Africa: Market Size & Forecast
19.6.2 UAE: Market Size & Forecast
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Product Type Segmentation
20.3.1 Market Size & Forecast
20.4 Forms Segmentation
20.4.1 Market Size & Forecast
20.5 Distribution Channels Segmentation
20.5.1 Market Size & Forecast
20.6 Key Countries
20.6.1 Brazil: Market Size & Forecast
20.6.2 Mexico: Market Size & Forecast
20.6.3 Argentina: Market Size & Forecast
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 Abbott
22.1.1 Business Overview
22.1.2 Product Offerings
22.1.3 Key Strategies
22.1.4 Key Strengths
22.1.5 Key Opportunities
22.2 Danone
22.2.1 Business Overview
22.2.2 Product Offerings
22.2.3 Key Strategies
22.2.4 Key Strengths
22.2.5 Key Opportunities
22.3 Nestle
22.3.1 Business Overview
22.3.2 Product Offerings
22.3.3 Key Strategies
22.3.4 Key Strengths
22.3.5 Key Opportunities
22.4 Mead Johnson & Company
22.4.1 Business Overview
22.4.2 Product Offerings
22.4.3 Key Strategies
22.4.4 Key Strengths
22.4.5 Key Opportunities
22.5 Perrigo Company
22.5.1 Business Overview
22.5.2 Product Offerings
22.5.3 Key Strategies
22.5.4 Key Strengths
22.5.5 Key Opportunities
23 Other Prominent Vendors
23.1 Meiji Holdings Company
23.1.1 Business Overview
23.1.2 Product Offerings
23.2 Reckitt Benckiser
23.2.1 Business Overview
23.2.2 Product Offerings
23.3 Arla Foods
23.3.1 Business Overview
23.3.2 Product Offerings
23.4 Bellamy’s Organic
23.4.1 Business Overview
23.4.2 Product Offerings
23.5 Frieslandcampina
23.5.1 Business Overview
23.5.2 Product Offerings
23.6 Parent’s Choice Infant Formula
23.6.1 Business Overview
23.6.2 Product Offerings
23.7 The Kraft Heinz Company
23.7.1 Business Overview
23.7.2 Product Offerings
23.8 Beinmei Company
23.8.1 Business Overview
23.8.2 Product Offerings
23.9 Glanbia
23.9.1 Business Overview
23.9.2 Product Offerings
23.10 Dana Dairy Group
23.10.1 Business Overview
23.10.2 Product Offerings
23.11 GCMMF
23.11.1 Business Overview
23.11.2 Product Offerings
23.12 HiPP
23.12.1 Business Overview
23.12.2 Product Offerings
23.13 Hero Group
23.13.1 Business Overview
23.13.2 Product Offerings
23.14 Ausnutria Dairy Company
23.14.1 Business Overview
23.14.2 Product Offerings
23.15 Babynat
23.15.1 Business Overview
23.15.2 Product Offerings
23.16 Earth’s Best
23.16.1 Business Overview
23.16.2 Product Offerings
23.17 Fasska
23.17.1 Business Overview
23.17.2 Product Offerings
23.18 Yashili International Holdings
23.18.1 Business Overview
23.18.2 Product Offerings
23.19 Happy Family Organics
23.19.1 Business Overview
23.19.2 Product Offerings
23.20 Holle Baby Food
23.20.1 Business Overview
23.20.2 Product Offerings
23.21 Else
23.21.1 Business Overview
23.21.2 Product Offerings
23.22 Morinaga Milk Industry Company
23.22.1 Business Overview
23.22.2 Product Offerings
24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations
25 Quantitative Summary
25.1 Market by Geography
25.2 APAC
25.2.1 Product Type Segmentation
25.2.2 Forms Segmentation
25.2.3 Distribution Channels Segmentation
25.3 North America
25.3.1 Product Type Segmentation
25.3.2 Forms Segmentation
25.3.3 Distribution Channels Segmentation
25.4 Europe
25.4.1 Product Type Segmentation
25.4.2 Forms Segmentation
25.4.3 Distribution Channels Segmentation
25.5 Middle East & Africa
25.5.1 Product Type Segmentation
25.5.2 Forms Segmentation
25.5.3 Distribution Channels Segmentation
25.6 Latin America
25.6.1 Product Type Segmentation
25.6.2 Forms Segmentation
25.6.3 Distribution Channels Segmentation
25.7 Product Type
25.7.1 First Infant Formula
25.7.2 Follow-On Formula
25.7.3 Growing-Up Formula
25.7.4 Specialty Baby Formula
25.8 Forms
25.8.1 Powder Formula
25.8.2 Concentrated Liquid Formula
25.8.3 Ready-to-Feed Formula
25.9 Distribution Channels
25.9.1 Supermarket & Hypermarket
25.9.2 Pharmacies & Drugstores
25.9.3 Online Channels
25.9.4 Convenience Stores
25.9.5 Others
26 Appendix
26.1 Abbreviations

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