The Infant Nutrition Market is being driven by Growing demand for vegan and organic baby food
The Infant Nutrition Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 9.57 billion. The global infant nutrition market is highly competitive, with vendors investing significantly in clinical trials and securing regulatory approvals for their innovative infant formulas from bodies such as the US FDA. Notable market entrants, like Abbott Laboratories, have recently launched advanced products, such as Similac Pro-Advance, featuring 2-fucosyllactose oligosaccharides, a first in Canada's infant formula market. To maintain a competitive edge, companies in this sector continually introduce new and innovative formulas, ensuring consumer trust and loyalty.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
139 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 9.57 billion |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
4.23 |
Key countries |
US, Germany, China, Canada, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The infant nutrition market encompasses various aspects of infant feeding, including practices, weight management, and nutritional deficiencies. Infant feeding methods, such as formula feeding and breastfeeding, have guidelines to ensure optimal health outcomes. Growth charts and obesity prevention are crucial for monitoring infant weight gain. Nutrition education and dietary guidelines are essential for supporting cognitive development, immune system function, and digestive health. Food introduction timing, nutrient deficiencies effects, food sensitivity testing, and healthy eating habits are key components of toddler diet planning. Nutritional counseling, baby food preparation, and infant feeding bottles are also significant in this market. Additionally, addressing feeding challenges, complementary feeding, and immune system support are essential for promoting overall infant health.
The global infant nutrition market encompasses businesses engaged in the production and formulation of infant formulas, catering to the unique nutritional requirements of infants. This market's size is determined by the consolidated revenue of participating vendors, excluding those involved in food processing equipment manufacturing or packaged alcoholic and non-alcoholic beverages production. Key growth drivers include the importance of breast milk components, such as human milk oligosaccharides, in preterm infant nutrition. The market's expansion is further fueled by the increasing awareness of the nutritional benefits for infants from breast milk substitutes that closely mimic human milk composition.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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