Market Research Future (MRFR) has published on the “Global Infant Nutrition Market”.
The infant nutrition market is estimated to register a CAGR of 7.70% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global infant nutrition market - The Kraft Heinz Company, DANA DAIRY GROUP LTD., Reckitt Benckiser Group PLC, Arla Foods amba, Danone S.A., Gujarat Cooperative Milk Marketing Federation Ltd., Abbott Laboratories, Perrigo Company plc, Sun-Maid Growers of California, Inc., and Nestle S.A.
The global infant nutrition market is accounted to register a CAGR of 7.70% during the forecast period and is estimated to reach USD 170.783 billion by 2032.
The demand for dried baby food has significantly expanded over time as a result of growing public awareness of the advantages of providing babies with a balanced diet. The market is somewhat stimulated by the dried baby food items' longer shelf lives. Additionally, the baby nutrition market has expanded as a result of changes in socioeconomic conditions and an improvement in living standards brought on by a significant increase in disposable income. In addition, the adoption of baby food items has further expanded due to the rise in the number of women working in professional fields, the short maternity leave period, and time restrictions on food preparation at home, all of which have contributed to the growth of the infant nutrition market.
The global infant nutrition market has been segmented into product type, form and distribution channel.
On the basis of product type, the market is segmented into Follow-on Milk, Specialty baby milk, Infant Milk, Prepared baby food and Dried baby food. The infant milk segment was attributed to holding the largest market share in 2022. Given the rise in the number of working women in recent years, the preference for baby formula milk among working mothers has expanded significantly.
Based on form, the global infant nutrition market has been segmented into Solid baby food and Liquid baby food. The solid baby food segment was expected to hold the largest market share in 2022 due to continual advancements in product functionality and performance, as well as dependable practices such packaging that accurately depicts the items' beneficial components.
On the basis of distribution channel, the infant nutrition market is segmented into E-Commerce and Offline channel. The e-commerce segment was attributed to holding the largest market share in 2022. Due of their hectic schedules, many people find it difficult to go shopping in physical stores. As a result, many choose to shop online because it is more convenient than visiting a physical store.
Access full report @ https://www.marketresearchfuture.com/reports/infant-nutrition-market-12456
The global infant nutrition market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe infant nutrition market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The infant nutrition market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World infant nutrition market comprises of Middle East, Africa, and Latin America.
The largest market share for infant nutrition was maintained by the North American regional sector as a result of the increased number of working mothers and the growing demand for infant nourishment. The region's high per capita healthcare spending, along with high awareness levels and growing disposable income, is contributing to the market's development.
Moreover, the Europe market has been persistently growing over the forecast period. The increased disposable income of consumers has led to an increase in the purchasing of alternative commodities. The increased purchasing power of consumers and their awareness of the availability of baby food substitutes will be favorable developments for the global market for infant nutrition.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. As the need for baby nourishment has grown, major market players are looking to investigate fresh potential in these developing countries. In the Asia-Pacific area, the number of working women has increased significantly over time. There will be a greater uptake of newborn nutrition foods as more healthy meal options become available.
Furthermore, the rest of the world's infant nutrition market is divided into the Middle East, Africa, and Latin America. The market in rest of the world is growing ata a significant rate. The market potential of the worldwide infant nutrition market trends is projected to be enhanced by factors such as the increasing numbers of migrants settling, the growing infant population, and the increasing number of retail stores.
Key Findings of the Study