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Infant Nutrition Market 2023 - Market Size, Trend Analysis, Key Drivers And Forecast To 2032
Infant Nutrition Market Analysis
Infant Nutrition Market Size, Growth Rate, And Forecast
The global infant nutrition market size is expected to grow from $32.06 billion in 2022 to $35.29 billion in 2023 at a compound annual growth rate (CAGR) of 10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The infant nutrition market size is expected to reach $49.55 billion in 2027 at a CAGR of 8.8%.
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Infant Nutrition Market Drivers
The increasing birth rate is expected to propel the growth of the infant nutrition market going forward. The birth rate refers to the proportion of live births to the general population per 1,000 people each year. The evolution of infant care food have attributed to rising family income levels and the rising birth rate, where consumers are always concerned about their kid's health and hygiene and prioritize high-quality items, resulting in the growth of the infant nutrition market.
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Infant Nutrition Market Segments
1) By Type: Infant Milk Formula, Follow-on-Milk, Specialty Baby Milk, Prepared Baby Food, Other Types
2) By Meal: Baby cereals, Baby snacks, Baby drinks, Other baby meals
3) By Distribution Channel: Hypermarkets/Supermarkets, Pharmacy/Medical Stores, Specialty Stores, Other Distribution Channel
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the infant nutrition market.
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Infant Nutrition Market Key Players
Major competitors in the infant nutrition market include Abbott Laboratories, Bellamy's Australia Limited, Danone SA, Royal FrieslandCampina NV, Reckitt Benckiser, Nestlé SA.
The Business Research Company's "Global Infant Nutrition Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Infant Nutrition Market Include:
1. Executive Summary
2. Infant Nutrition Market Characteristics
3. Infant Nutrition Market Trends And Strategies
4. Infant Nutrition Market - Macro Economic Scenario
5. Infant Nutrition Market Size And Growth
…..
26. Africa Infant Nutrition Market
27. Infant Nutrition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Infant Nutrition Market
29. Infant Nutrition Market Future Outlook and Potential Analysis
30. Appendix
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