Infant Nutrition Market Trends, Outlook, and Opportunity Analysis, 2022-2028

 

Infant Nutrition Market 

Food is the major source of important nutrients that the human body need to function properly. Similarly, newborns require sustenance for optimal development and growth, which is mostly provided through breast milk. Breast milk can be replaced with infant nourishment. The first six months following birth are extremely important for a child's growth, and providing optimum nutrition during this time is critical. Breast milk is a very nutritious food that contains carbs, proteins, lipids, minerals, and vitamins that are essential for a child's growth. However, in other circumstances, the mother may be unable to produce breast milk or nurse the infant owing to a variety of factors. In certain circumstances, infant feeding products can be used as a stand-in.

The market for newborn feeding products is divided into two categories: baby food and infant formula. These sectors are similar in application, but their growth factors are distinct. The Infant Nutrition section includes prepared foods, dried foods, and other foods, whereas the infant formula segment includes follow-on milk, speciality baby milk, infant milk, and growing milk. The baby food segment's growth is fueled by product innovation, while the infant formula segment's growth is fueled by market participants' ongoing efforts to improve product quality. A current development in the global baby nutrition industry is that consumers are becoming more interested in organic goods. Consumers, especially in developed countries in North America and Europe are willing to pay premium amounts for such products, owing to the general perception of these being more healthy and safe as compared to conventional products.

The worldwide Infant Nutrition Market is predicted to increase steadily over the next several years. In wealthy nations, the sale of newborn feeding products has grown at a single digit pace in recent years. As a result of the slowly growing population, low birth rate, and market saturation. The Infant Nutrition market in emerging nations has developed at a double-digit pace due to rapid population and economic growth, as well as increased knowledge of baby nutrition. China has the greatest market share in the APAC area because to its high birthrate, and firms are focused on premium product sales in China due to the country's developing economy and middle-class population.

According to the Centers for Disease Control and Prevention, there were 3,988,076 births in the United States in 2014. In the area, the birth rate was 12.5 per 1000 people. In addition, overall fertility climbed to 62.9 percent per 1000 women in the 15 to 44 age range. This increase in fertility is a sign of a higher birth rate. The worldwide infant nutrition market is expected to increase at a significant rate over the projected period due to the factors mentioned above. In 2011, the birth rate in Asia was 17.56, according to worldstat.org. In this location, the birth rate of males was higher than the birth rate of girls. The population of Asia has risen from 4.16 billion in 2010 to 4.43 billion in 2016, which is an increase of around 266 million. This rise in the number of births along with the rise in disposable income and per capita spending on baby care have made the infant nutrition market in this region, a promising one. A new trend observed in the market is that of increasing consumer inclination towards organic infant nutrition products.

Some major players in this market include Nestle, Mead Johnson Nutrition, Bledina, DANONE, Meiji Holdings Co. Ltd, Abbott Nutrition, The Kraft Heinz Company, FrieslandCampina, and Beingmate Baby & Child Food Co. Ltd.