Newark, October 20, 2022 (GLOBE NEWSWIRE) – According to a report published by The Brainy Insights, global Baby Nutrition Market It is expected to grow from $47.91 billion in 2021 to $85.88 billion by 2030, at a compound annual growth rate of 6.70% over the forecast period 2022-2030.
The growing awareness of the benefits of healthy eating habits among children is expected to increase the demand for the baby nutrition industry during the projection period. Moreover, the ever-increasing prevalence of childhood obesity and overweight and increasing initiatives by governments and regulatory bodies across the globe are also helping to drive the growth of the market. However, there are fundamental regulatory gaps in the infant nutrition sector, which allow low-quality nutritional supplements to enter the industry and limit market growth. Moreover, strong advertising by companies and high investment in marketing are opportunities for market growth.
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To consolidate their market position in the global baby nutrition market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.
Market growth and trends
The growth of the baby nutrition market is being driven by the emergence of nutritious food brands within this category and the growing demand for healthy baby food. Moreover, the growing online distribution channels are the growth trend of the market. In addition, the increasing spending on child nutrition by government and private institutions and the spread of purchasing power of customers is also helping to drive the growth of the market. Moreover, easy availability in both online and offline stores and lower product prices have increased purchasing among people during the pandemic. Moreover, online shopping allows customers to choose from various foreign and local items. The increasing use of internet-enabled smartphones is expected to drive the growth of the market during the forecast period.
Baby Nutrition Market Scope:
|Growth Momentum and CAGR||Acceleration at a compound annual growth rate of 6.70%|
|Market Growth 2022-2030||85.88 billion US dollars|
|Market Structure, Market Structure||fragmented|
|Regional Analysis||Asia Pacific, Europe, North America, South America, Middle East and Africa|
|Market share performance||The North American region has the highest market share of 43.38% in 2021.|
|Competitive scene||Leading companies, competitive strategies and scope of consumer engagement|
|Company Profile||Goodwolf Feeding Co., Mead Johnson & Company, LLC., Abbott, Perrigo Company plc, My Lunchbuddy, Else Nutrition, Yamo AG, Nestlé, Nutribud Foods, Danone, Arla Foods amba|
|market dynamics||Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, impact of COVID 19 and future consumer dynamics, market status analysis for the forecast period.|
|Customization preview||If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.|
• In 2021, the infant formula segment dominated the market with the largest market share of 30.22% and market revenue of 14.47 billion.
The application section is divided into infant formula, snacks, protein drinks and other bars. In 2021, the infant formula segment dominated the market with the largest market share of 14.47% and market revenue of 25.82 billion. This growth is attributed to the increasing demand for organic infant formula.
• In 2021, the offline segment dominated the market with the largest market share of 57.14% and market revenue of 27.37 billion.
The distribution channel segment is divided into offline. The offline part is further divided into stores, supermarkets, etc. In 2021, the offline segment dominated the market with the largest market share of 27.37% and market revenue of 48.83 billion. This growth is attributed to the increasing demand for high quality consumer items and food retailing in emerging countries.
• In 2021, the prebiotics and probiotic supplements segment dominated the market with the largest market share of 27.14% and market revenue of 13.01 billion.
The type of product is divided into protein supplements, prebiotics, probiotics, vitamins, minerals, omega-3 and others. In 2021, the prebiotics and probiotic supplements segment dominated the market with the largest market share of 27.14% and market revenue of 13.01 billion. This growth is attributed to increased customer spending on healthy food products.
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Regional Segmentation of the Baby Nutrition Market:
• North America (USA, Canada and Mexico)
• Europe (Germany, France, UK, Italy, Spain and rest of Europe)
• Asia Pacific (China, Japan, India and Rest of Asia Pacific)
• South America (Brazil and the rest of South America)
• Middle East and Africa (UAE, South Africa, rest of the Middle East and Africa)
The North America region was the largest market for the global baby nutrition industry, with a market share of 43.38% and a market value of about 20.78 billion in 2021. North America dominates the baby nutrition market due to the increased awareness among customers regarding a healthy diet. Moreover, growing government initiatives to improve nutrition levels are also helping to drive market growth in the region. Moreover, the Asia Pacific region is expected to show the fastest compound annual growth rate of 9.02% during the forecast period. This growth is attributed to the high availability of a wide range of food products. In addition, the ever-increasing availability and affordability of frozen foods and beverages, particularly in emerging economies including Brazil, China, India, etc., is also driving market growth in this region.
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The major players operating in the global baby nutrition market are:
• Good Wolf Nutrition Company
• Mead Johnson & Company, LLC.
• Perrigo plc
• My Lunchbuddy
• Other Nutrition
• Yamo AG
• Nutribud الأطعمة foods
• Arla Foods Amba
This study forecasts revenue at global, regional and country levels from 2019 to 2030. Brainy Insights has segmented the global baby nutrition market based on the sectors listed below:
Global Pediatric Nutrition Market by Application
• baby milk
• Drinks and proteins
Global Baby Nutrition Market By Distribution Channel:
• Offline online
Global Baby Nutrition Market By Product Type:
• Probiotics and Probiotics Supplements
• Vitamins and minerals
• Omega 3
About the report:
Global Baby Nutrition market is analyzed on the basis of value (US$ billion). All sectors were analyzed on a global, regional and country basis. The study includes an analysis of more than 30 countries for each sector. The report provides an in-depth analysis of the driving factors, opportunities, restraints, and challenges to gain key insight into the market. The study includes Porter’s five forces model, gravity analysis, raw materials analysis, supply, demand analysis, competitor website network analysis, distribution and marketing channels analysis.
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About The Brainy Insights:
Brainy Insights is a marketing research firm, aiming to provide actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet clients’ goals of achieving high quality output within a short period of time. We provide customized (customer specific) and syndicate reports. Our repository of associative reports varies across all categories and subcategories across domains. Our customized solutions are designed to meet the requirements of clients whether they are looking to expand or planning to launch a new product in the global market.
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