Infant Nutrition Market Worth $61.6 Billion by 2026 - Revenue Breakdown by Product Type, Form, Distribution Channel and Region
DUBLIN, Feb. 24, 2020 /PRNewswire/ -- The "Infant Nutrition Market by Product Type Form and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global infant nutrition market 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 number of women as a part of the labor workforce has increased over the past few years due to rise in literacy rate. The ratio is estimated to increase in the near future, owing to the supportive government policies. The ease and convenience provided by these baby products offer parents lesser time in manual preparation of baby foods and simultaneously take care of the babies, which is expected to boost the infant nutrition market demand during the forecast period.
However, the collaborative initiatives of various organizations, such as World Health Organization (WHO) and United Nations International Children's Emergency Fund (UNICEF), have increased the overall awareness about breastfeeding among women. This in turn limits the overall revenue generation for the global infant nutrition market.
The global infant nutrition market analysis is segmented on the basis of product type, form, distribution channel and region.
Consumers prefer to purchase infant nutrition from stores such as supermarkets and retail stores; however, this scenario is changing and customers are moving toward online channels. Online sales have evolved as a key source of revenue for many companies. The online sales market is expected to expand at a higher rate in the near future owing to the rapid penetration of smartphones, increase in m-commerce sales, and ease in payment options.
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.
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
- 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%.
Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increase in Awareness on Adequate Nutrition
3.2.1.2. Rise in Disposable Income
3.2.1.3. Consumer Busy Lifestyle
3.2.1.4. Innovative Packaging to Influence Buying Behavior
3.2.2. Restraints
3.2.2.1. Increased Breastfeeding Due to Government Initiatives
3.2.3. Opportunities
3.2.3.1. Organic Baby Food
3.2.3.2. Prebiotic and Probiotics in Baby Food
Chapter 4: Infant Nutrition Market, By Product Type
4.1. Overview
4.2. Follow-On Milk
4.3. Specialty Baby Milk
4.4. Infant Milk
4.5. Prepared Baby Food
4.6. Dried Baby Food
Chapter 5: Infant Nutrition Market, By Form
5.1. Overview
5.2. Solid Baby Food
5.3. Liquid Baby Food
Chapter 6: Infant Nutrition Market, By Distribution Channel
6.1. Overview
6.2. Hypermarkets/Supermarkets
6.3. Convenience Stores
6.4. Pharmacy
6.5. Online
6.6. Others
Chapter 7: Infant Nutrition Market, By Region
7.1. Overview
7.2. North America
7.3. Europe
7.4. LAMEA
Chapter 8: Company Profiles
8.1. Abbott Laboratories (Abbott)
8.2. Anand Milk Union Limited (AMUL)
8.3. Arla Foods Amba (Arla)
8.4. Campbell Soup Company
8.5. Dana Dairy Group Ltd.
8.6. Danone
8.7. Nestle S.A.
8.8. Perrigo Company PLC
8.9. Reckitt Benckiser Group PLC
8.10. The Kraft Heinz Company
For more information about this report visit https://www.researchandmarkets.com/r/dllatb
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