Infant Nutrition Market 2020 | Complete Analysis by Experts with Industry Size & Growth, Industry Share, Latest Achievements Forecast till 2024 – Bulletin Line

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Infant Nutrition

Infant Nutrition Market” report research report 2020 represents a comprehensive study of the market which will enable the customers to anticipate future demands and strategize executions. This market research report provides emerging market drivers, challenges, opportunities for Infant Nutrition Industry. It focuses on the latest trends and recent developments of Infant Nutrition Industry. Infant Nutrition market report will help you to know each and every insight of the industry. Infant Nutrition market also covers growth potential, market size forecast, demand, and suppliers.

Scope of the Report:

Infant nutrition is a substitute food for breast milk. The initial six months after birth plays a very crucial role in the development of a child, wherein ensuring optimal nutrition during this period is of paramount importance. Breast milk is highly nutritious and contains carbohydrates, proteins, fats, minerals, and vitamins imperative for the development of the child. However, in certain cases, the mother may not be able to produce breast milk or may not be able to breastfeed the baby due to other reasons. In such cases, infant nutrition products act as a suitable substitute.

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Market Overview:

  • The global infant nutrition market was valued at USD 71.40 billion in 2018 and is estimated to reach USD 98.90 billion in 2024, witnessing a CAGR of 5.58%. There are certain factors propelling the growth of the market, which include the increase in working mother population, higher spending on baby health, and the rising demand for organic baby food.
  • At present, parents are found spending more on their babies compared to the previous years, owing to several social factors. Presently, children are deemed more worthy of protection than they used to be. According to a number of surveys, parents spend a high amount of money on their babies, sometimes out of guilt, out of shame, or out of social anxiety.
  • Over the recent years, there has been a remarkable rise that has been observed in the number of young working mothers. This has worked as a key factor in propelling the growth of the infant food nutrition market, as these working mothers are majorly dependent on processed infant nutrition products. Therefore, organic food has been observed to be one of the fastest-growing sectors in the food industry overall, experiencing double-digit growth in most developed markets, compared with a single-digit growth rate for conventional food products. The global demand is increasing, owing to factors, such as the desire of parents to feed their babies healthier foods.
  • In addition, factors, such as the growth of the middle class, rapid urbanization, and rising rates of female participation in the labor force in many developing markets have encouraged the adoption of convenience-oriented lifestyles, further making prepared baby foods and baby formula more desirable. The increasing middle-class population in the emerging and developing countries has opened new horizons in the infant nutrition market, owing to the fact that the need for products, compatible with a working mom’s schedule, is growing.
  • In the next few years, it is expected that the global infant nutrition market will show healthy growth. In the last few years, the sale of infant nutrition products in developed countries has shown a single-digit growth rate.

    Infant Nutrition Market Manufacturer Segment Analysis: (Overview, Products & Services, Financials, Recent Developments, and Analyst View)

  • Abbott Laboratories
  • Baby Gourmet Foods Inc.
  • Bellamy’s Australia Limited
  • Danone S.A.
  • FrieslandCampina
  • Reckitt Benckiser (Mead Johnson)
  • Nestlé S.A.
  • Perrigo Company Plc
  • Parent’s Choice Infant Formula
  • The Kraft Heinz Company

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    Key Market Trends:

    Prepared Food is Expected to hold its Highest Market Share in the Baby Food Segment

    In the product type segmentation of the infant nutrition market, the prepared food sub-segment under the baby food segment is believed to have the largest market size and is expected to witness a CAGR of 6.51% during the forecast period.

    The market size of the baby food segment can be attributed to the current busy lifestyle of people and the emergence of a variety of organic and healthy food for infants. The extensive sale of prepared food is mainly attributed to its ease of access. As the manufacturers of prepared food, most companies are now coming up with more organic food products, which is free from preservatives and residues of fertilizers and pesticides. However, there are also some parents who prefer to prepare the baby’s food by themselves, so as to be assured of hygiene and nutrition.

    Therefore there is also a demand for the dried food that is on a rise, majorly due to the increasing trust of parents upon the quality of food, which is provided by the companies and increasing improvisation that is continuously being done in the food products by the manufacturers. There are other baby foods segment of the market majorly inclusive of the juices and products that are rich in omega-3 DHA and arachidonic acid (ARA), along with other nutritional products.

    North America is expected to witness the highest CAGR throughout the forecast period

    The presence of high per capita healthcare expenditure, coupled with high awareness levels and rising disposable income, is contributing to the growth of the market in the region. The average age at which American women are giving birth has been rising as young women are increasingly prioritizing their careers over family planning. Hence, a rise in parental concerns, with respect to baby’s health and nutrition, is driving the growth of the North American regional market. There are also consumers, especially in the developed countries, who are willing to pay for premium amounts for such products, owing to the general perception of these products being more healthy and safe as compared to conventional products.

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    Detailed TOC of Infant Nutrition Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increase in Working Mothers Population
    4.2.2 Higher Spending on Baby Health
    4.2.3 Rising Demand for Organic Baby Food
    4.3 Market Restraints
    4.3.1 Concerns Regarding Food Safety
    4.3.2 Stringent Regulation for Infant Food
    4.4 Industry Attractiveness Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 By Infant Formula
    5.1.1.1 First Infant Formula
    5.1.1.2 Follow-on Formula
    5.1.1.3 Growing-up Formula
    5.1.1.4 Specialty Baby Formula
    5.1.2 By Baby Food
    5.1.2.1 Prepared Food
    5.1.2.2 Dried Food
    5.1.2.3 Other Baby Foods
    5.2 Geography
    5.2.1 North America
    5.2.1.1 United States
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 United Kingdom
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of Europe
    5.2.3 Asia Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South America
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories
    6.1.2 Baby Gourmet Foods Inc.
    6.1.3 Bellamy’s Australia Limited
    6.1.4 Danone S.A.
    6.1.5 FrieslandCampina
    6.1.6 Reckitt Benckiser (Mead Johnson)
    6.1.7 Nestlé S.A.
    6.1.8 Perrigo Company Plc
    6.1.9 Parent’s Choice Infant Formula
    6.1.10 The Kraft Heinz Company

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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