Infant Nutrition Market Overview
Infant nutrition market consists of different sets of products from different infant formulas to a range of foods for babies. The formula for babies includes several nutrients, such as carbohydrates, lipids, proteins, vitamins, minerals and others (linoleic acid, prebiotics and others), which are administered to the general development of the baby. Although doctors recommend exclusive breastfeeding for infants under six months of age, infant formula can be used as an alternative because it contains similar nutrients.
Growth of infant nutrition market might be moderate because of market saturation and less birth rates in few regions. In developing markets, products of Infant nutrition are USD 17.1 Billion in sales. Growth of Infant Nutrition market is supported by very high birth rates and rise in consumer affluence. In developing nations and also in the well developed economies of Brazil, Russia and China , birth rates are decreasing more and more and are now below the “replacement rate” at which populations remains constant and therefore increasing the competition between leading manufacturing companies to distinguish between their products. These factors have had a global effect on brand manufacturers competing in the complex Infant Nutrition Market.
Infant Nutrition Market Forecast Report (2018-2023)
The market for Infant Nutrition Market is nearly USD 54.57 Billion in 2018 and is expected to grow at a CAGR of 7.3 % in 2018-2023
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Infant Nutrition Market Segmentation
Infant Nutrition Market is segmented by product type and Distribution channel and region. Basis on the product type, the market can be segmented as Starting milk formula, follow-on milk formula, special milk formula and Toddlers milk formula. Based on Distribution channel, market is segmented as specialty outlets, supermarkets, online, chemist/pharmacist/Drug stone and others.
By region, Infant Nutrition Market can be segmented as North America, Asia-Pacific, Latin America, Europe and Middle East and Africa.
The major companies dominating this market for its products and services are
- Nestlé S.A.,
- Abbott Nutrition,
- Groupe Danone,
- Mead Johnson Nutrition,
- Meiji Holdings Co. Ltd,
- The Kraft Heinz Company,
- Being mate Baby & Child Food Co. Ltd
- Pfizer Inc.
- Synutra International, Inc.,
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