Infant Nutrition Market Report 2023-2032: Growth, Industry Analysis, Trends And Outlook | Abbott Laboratories, Bellamy's Australia Limited, Danone SA, Royal FrieslandCampina NV, Reckitt Benckiser

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Infant Nutrition Global Market Report 2023 identifies increasing birth rate as the major driver for the Infant Nutrition market's growth in the forecast period. 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.

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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Major competitors in the Infant Nutrition market are Abbott Laboratories, Bellamy's Australia Limited, Danone SA, Royal FrieslandCampina NV, Reckitt Benckiser.

A key trend in the Infant Nutrition market includes Product innovation. Major companies operating in the infant nutrition market are focusing on product innovation to sustain their position in the market. For instance, in July 2022, Danone, a France-based, food and beverage manufacturing company, engaged in early life nutrition, medical nutrition, and plant-based products manufacturing, launched a brand-new Dairy & Plants Adapt baby formula to parents' preferences for foods that are primarily plant-based. It is the first blended infant formula for healthy infants, with 60% of the protein derived from plants. Along with the 60% plant-based protein, it combines, DHA, an omega-3 fatty acid, vegetable oil, and fibers, all obtained from a plant source.

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The Infant Nutrition market is segmented -

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
4. 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.

The Business Research Company's "Global Infant Nutrition Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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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