Infant Nutrition Market Research Report - Industry Analysis and Forecast (2019 - 2026) | Abbott, Danone, Nestle S.A., Heinz Baby

Infant Nutrition Market by Product Type, Form, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026.

The global infant nutrition market size was valued at $34.2 billion in 2018, and is projected to reach $61.6 billion by 2026, registering a CAGR of 7.7% from 2019 to 2026. The most significant factor that influences a child growth and development is nutrition. Infant nutrition are produced for feeding babies and infants, which 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 increases gastrointestinal health & immunity. The global infant nutrition market analysis is segmented on the basis of product type, form, distribution channel and region.

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The growth of infant nutrition is highly dependent on the awareness among the consumers to provide complete nutrition to their child. Demand for infant nutrient 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. Moreover, evolution of online sale of infant nutrition products would further increase the overall revenue for the industry.

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).

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Continuous innovation in product functionality and performance along with coherent strategies such as tailored packaging, which reflect the healthy ingredients in the sustaining infant nutrition market trends, allow major players in the market to sustain in the consumer-centric market.

Moreover, attractive and convenient packaging acts as a key selling point for leading manufacturers. As a result, prominent players in the market have introduced baby food in a variety of packaging formats, including, but not limited to stand up pouches, glass & plastic containers, cans, and others.

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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).

Key Findings of the Infant Nutrition Market :

Based on product type, the infant milk segment dominates the global infant nutrition market in 2018, and is expected to retain its dominance throughout the forecast period.
Depending on form, the solid segment accounted for highest share in the infant nutrition market growth in 2018, and is projected to grow at a CAGR of 7.5% from 2019 to 2026.
By distribution channel, the pharmacy segment was the major shareholder in 2018, and is projected to register a CAGR of 8.1% from 2019 to 2026.
Region wise, Asia-Pacific accounted for about 44.2% infant nutrition market share in 2018, and is expected to grow at a CAGR of 8.2%.

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