Global Infant Nutrition Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Follow-on Milk, Specialty baby milk, Infant Milk, Prepared baby food and Dried baby food), By Form (Solid baby food and Liquid baby food), By Distribution Channel (E-Commerce and Offline channel [Pharmacy, Convenience Stores, Hypermarkets/Supermarkets, Others]), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Infant Nutrition Market Insights Forecasts to 2033

• The Global Infant Nutrition Market Size was estimated at USD 49.01 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 7.66% from 2023 to 2033
• The Worldwide Infant Nutrition Market Size is Expected to Reach USD 102.48 Billion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The global infant nutrition market size was worth around USD 49.01 billion in 2023 and is predicted to grow to around USD 102.48 billion by 2033 with a compound annual growth rate (CAGR) of 7.66% between 2023 and 2033. The infant nutrition market is being driven by growing awareness of infant health and nutrition, urbanization and changing lifestyles, rising disposable incomes, and health and wellness trends, and Asia Pacific is an emerging key growth region.

Market Overview

The infant nutrition market is the business that produces and sells products meant for the consumption of newborns and younger children. These products are infant formulas, baby foods (such as purees and cereals), infant snacks, and supplements. Nutrition for infants is extremely important in the first years of life since it turns out to be responsible for growth, development, and the immune system. Infants need a sufficient quantity of food items that supply all the nutrients supplied in breast milk that assist in correct development and growth. Infant nutrition serves as an alternative to breast milk. The infant nutrition sector keeps on developing at a very quick pace with the evolution of consumer attitudes and new formulation and process technologies. Companies are moving towards creating specialty nutrition products for specific dietary needs and health conditions of infants. The increasing demand for specialized infant nutrition products has driven parents to healthify their children with very specific products designed for certain nutritional needs at important infancy stages. For instance, Arla Foods Ingredients launched a new alpha-lactalbumin-enriched infant formula ingredient to meet the growing need for low-protein products.

Report Coverage

This research report categorizes the infant nutrition market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the infant nutrition market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the infant nutrition market.

Driving Factors

As parents learn more about the significance of good nutrition in infancy, there is increasing demand for high-quality and scientifically developed infant formula and baby food. Parents are more inclined to spend money on premium products that benefit the health, development, and immune systems of their children. Improvements in nutritional science have provided the impetus for the introduction of specialized baby formulas that approximate the nutrient composition of breast milk and also functional baby food that addresses the needs of different diets. All these are responsible for fueling market expansion.

Restraining Factors

Numerous high-end infant nutrition items, including organic, non-GMO, or specialty formulas, are often much pricier than regular ones. Such a premium price may reduce their availability to lower-income families, particularly in developing countries.  

Market Segmentation

The infant nutrition market share is classified into product type, form, and distribution channel.

• The infant milk segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the product type, the infant nutrition market is divided into follow-on milk, specialty baby milk, infant milk, prepared baby food, and dried baby food. Among these, the infant milk segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to infant milk formulas trying to mimic the nutritional value of human milk as closely as possible in composition, adding extra components such as DHA, ARA, vitamins, and minerals that directly promote excellence of growth, brain development, and immunity. All these make infant formula a must for infant nutrition where breastfeeding is impossible. Allowing babies to continue to receive the essential nutrients necessary for proper growth and development.

• The solid baby food segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the form, the infant nutrition market is divided into solid baby food and liquid baby food. Among these, the solid baby food segment accounted for the majority share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by infants moving from breast milk or formula to solid foods between 4 and 6 months. Solid baby foods include cereals, purees, and snacks designed to meet infants' essential nutrition needs during this important stage.

• The E-commerce segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the distribution channel, the infant nutrition market is divided into e-commerce and offline channels. Among these, the E-commerce segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to e-commerce providing the convenience of home shopping, especially valuable for busy parents. Websites such as amazon, baby food specialty stores, and other retail sites provide a wide variety of baby food and formula products, many with subscription services and home delivery. It also offers deals, discounts, and promotional offers, which also attract a large number of consumers.

Regional Segment Analysis of the Infant Nutrition Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the infant nutrition market over the predicted timeframe.

North America is anticipated to hold the largest share of the infant nutrition market over the predicted timeframe. High disposable income, presence of large companies in the region, and developed pharmaceutical and biotech industries are some factors that lead to market growth in the region. High per capita health expenditure, along with awareness and disposable income, are factors that are contributing to the growth of the regional market. With the growing age of American women, more younger women are putting off family planning for career aspirations. Hence, interest in baby health and nutrition from parents is driving the North American market growth.

Asia Pacific is expected to grow at a rapid CAGR in the infant nutrition market during the forecast period. This is due to the increasing number of births and a growing number of working women. The combination of high fertility in certain APAC nations and urbanization is driving a large and growing consumer base for infant nutrition products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the infant nutrition market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Nestlé
• Walgreen Co.
• Nutricia
• Abbott
• The Hain Celestial Group
• Holle Baby Food AG
• China Mengniu Dairy Company Limited
• Perrigo Company plc,
• The Kraft Heinz Company
• DANA DAIRY GROUP
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In October 2023, Nestlé launched a brand-new infant nutrition Sinergity, augmented by a probiotic strain having variable stages of 6 human milk oligosaccharides (HMOs) for the development of infants minimalized to their life stages.

• In September 2023, Danone announced the launch of a pioneering baby nutrition formula based on utilizing dairy droplets integrated to resemble the structure of human milk droplets.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the infant nutrition market based on the below-mentioned segments: 

Global Infant Nutrition Market, By Product Type

• Follow-on Milk
• Specialty baby milk
• Infant Milk
• Prepared baby food
• Dried baby food

Global Infant Nutrition Market, By Form

• Solid baby food
• Liquid baby food

Global Infant Nutrition Market, By Distribution Channel

• E-Commerce
• Offline channel
  • Pharmacy
  • Convenience Stores
  • Hypermarkets/Supermarkets
  • Others

Global Infant Nutrition Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa