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Booming Global Infant Nutrition Market: Insights into Market Size, Key Players, Growth Drivers, and Future Trends
Projected Growth and Market Size of Global Infant Nutrition Market:The infant nutrition market has displayed significant growth in recent years, with projections indicating continued growth.
• The market will grow from $38.74 billion in 2024 to $42.42 billion in 2025, reflecting a CAGR of 9.5%. This can be attributed to advancements in infant formula development, urbanization, changing lifestyles, healthcare professional recommendations, economic growth, and affordability alongside government initiatives for child health.
• Furthermore, the market is expected to rise to $59.03 billion in 2029 at a CAGR of 8.6%. Factors such as increased focus on immune health, rising demand for organic and natural products, innovative packaging, the growth of e-commerce in baby products, and environmental awareness are expected to drive this growth.
What Factors Are Driving the Growth of the Infant Nutrition Market?
The infant nutrition market's growth is primarily driven by the increasing birth rate. This rate denotes the proportion of live births per 1,000 people each year. With rising family income levels and increasing birth rates, consumers remain concerned about their child's health and hygiene, prioritizing high-quality items. This concern significantly contributes to the expansion of the infant nutrition market. For instance, the United Nations reported in their 27th edition of the World Population Prospects that the US birth rate touched 12.012 births per 1000 people in 2022, indicating a clear, growing trend.
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Who Are the Key Players Driving Infant Nutrition Market Growth?
The following major companies operate within the infant nutrition market:
• Abbott Laboratories
• Bellamy's Australia Limited
• Danone SA
• Royal FrieslandCampina NV
• Reckitt Benckiser Group plc
• Nestlé SA
• Perrigo Company plc
• The Kraft Heinz Company
• Dana Dairy Group Ltd.
• Baby Gourmet Foods Inc.
What Are The Key Trends In The Infant Nutrition Market?
Key trends in the forecast period include:
• Innovations in formula ingredients
• Human milk oligosaccharides
• Plant-based infant nutrition
• Digitalization in parental education
• Clean label and transparency
What Are The Segments Of The Global Infant Nutrition Market?
The infant nutrition market can be segmented as follows:
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: Hyper markets/Super markets, Pharmacy/Medical Stores, Specialty Stores, Other Distribution Channel
Which Region Leads The Infant Nutrition Market?
North America holds the largest market share in the infant nutrition market in 2024 and is predicted to maintain the fastest growth rate globally during the forecast period. Other regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Infant Nutrition Market Global Market Report?
- Market Size Analysis: Analyze the Infant Nutrition Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Infant Nutrition Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Infant Nutrition Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Infant Nutrition Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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