Authored By: Sarah
28 Aug 2024

Infant Nutrition Market Size to grow by USD 9574 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Infant Nutrition Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The global infant nutrition market is characterized by intense competition, with vendors investing significantly in clinical trials and securing regulatory approvals from bodies such as the US Food and Drug Administration (FDA) for their infant formulas. This market has experienced a surge in new product launches, with Abbott Laboratories leading the way with the introduction of Similac Pro-Advance, an innovative infant formula featuring 2-fucosyllactose oligosaccharide, a first in Canada. Vendors employ strategies like new product launches and the development of advanced formulas to bolster their market presence and outmaneuver competitors.

Key Highlights

Growth Projections

The global infant nutrition market  size is estimated to grow by USD 9574 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.5% during the forecast period. Growing demand for vegan and organic baby food is driving market growth, with a trend towards new product launches  However, demand for lactose-free and allergy-free baby food  poses a challenge.Key market players include Abbott Laboratories, Arla Foods amba, Beingmate Co. Ltd., Bellamys Australia LTD, Campbell Soup Co., DANA Dairy Group Ltd., Danone SA, Glanbia plc, Gujarat Cooperative Milk Marketing Federation Ltd., Hero AG, HiPP GmbH and Co. Vertrieb KG, Inner Mongolia Yili Industrial Group Co. Ltd., Mead Johnson and Co. LLC, Meiji Holdings Co. Ltd., Nestle SA, Parents Choice Infant Formula, Perrigo Co. Plc, FrieslandCampina, Synutra Inc, and The Kraft Heinz Co..

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Major Findings

  • The infant nutrition market is experiencing a significant surge in demand for vegan and organic baby food options. Parents are increasingly conscious of their children's health and are opting for plant-based and chemically-free alternatives. This shift in consumer preference is driving innovation and growth within the industry, with companies responding by launching new products and expanding their offerings to meet the evolving needs of modern families.

  • The expanding middle class demographic in emerging economies is fueling significant growth in the infant nutrition market. This segment of the population is increasingly prioritizing the health and well-being of their children, leading to a surge in demand for high-quality, nutritious infant formula and other related products. This trend is particularly prominent in countries like China, India, and Brazil, where the middle class is rapidly expanding and urbanization is on the rise. As a result, companies in the infant nutrition industry are investing heavily in these markets to meet the growing demand and capture a larger share of the global market.

  • The infant nutrition market is witnessing a significant surge in demand for lactose-free and allergy-free baby food options. Parents are increasingly becoming conscious of their infants' dietary needs and are opting for specialized formulas that cater to specific dietary requirements. Lactose intolerance and food allergies are common health concerns among infants, leading manufacturers to innovate and launch a wide range of products to address these issues. These offerings include hypoallergenic formulas, lactose-free formulas, and products made from alternative proteins, such as soy or rice. The market for these specialized baby food products is expected to grow at a robust pace in the coming years.

  • The infant nutrition market is subject to stringent regulations to ensure the safety and optimal development of infants. Compliance with these regulations is mandatory, covering aspects such as product labeling, ingredient sourcing, and manufacturing processes. These regulations aim to provide parents with confidence in the quality and integrity of the infant food they purchase. Adherence to these guidelines is essential for market entry and maintaining consumer trust.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. Technavio's market analysis calculates the market size by aggregating the revenues of these vendors. Equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties, are excluded. Factors driving the market growth include the health benefits associated with consuming minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.

The Infant Nutrition Market is experiencing significant growth, fueled by the Growing demand for vegan and organic baby food. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The Infant Nutrition Market encompasses the production and distribution of specialized nutritional products catering to the unique dietary needs of infants. These offerings include formula, solid foods, and supplements. Market growth is driven by factors such as increasing awareness of child health and nutrition, rising disposable income, and a growing population of working parents. Companies prioritize research and development to produce high-quality, safe, and effective products that meet the evolving needs of consumers.

Research Analysis Overview

The infant nutrition market has seen significant growth in recent years due to increasing awareness of the importance of proper nutrition for infants during their critical developmental stages. With convenience-oriented lifestyles becoming the norm, there is a rising demand for convenient options such as formula foods and baby food. However, concerns over undernutrition, particularly in developing countries, continue to drive demand for nutrient-dense products. The Barker hypothesis, which suggests that early life nutrition can impact health outcomes later in life, has further emphasized the importance of providing infants with optimal nutrition. This has led to a focus on organ development, digestive health, immune health, cognitive function, and allergy prevention in infant nutrition. Newborn formula, probiotics, clean label products, natural options, and chemical-free options are popular choices for parents seeking to provide their infants with the best possible nutrition. Consumer education plays a crucial role in this market, with organic food products and breast milk being top priorities for many parents. Food safety, nutritional value, and iron-fortified formula are also key considerations in the infant nutrition sector. Working mothers in particular rely on these convenient options to ensure their infants receive proper nutrition while they are away. The market for dried baby food and processed infant nutrition is also growing, as these products offer longer shelf life and ease of use. Overall, the infant nutrition market is expected to continue growing as parents prioritize their infants' health and well-being.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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