The growth of infant nutrition is highly dependent on the awareness among the consumers to provide complete nutrition to their child. Demand for infant nutrient is higher in the emerging countries, as they are equally growing in terms of money and population. Countries such as China and India occupy larger market share in the global baby food market, companies need to address rapidly changing consumer needs to cater to their emerging demand. Moreover, evolution of online sale of infant nutrition products would further increase the overall revenue for the industry.
The most significant factor that influences a child growth and development is nutrition. Infant nutrition are produced for feeding babies and infants, which are usually under 12 month of age and also it is prepared from liquid or powder. Infant nutrition facilitates healthy growth and development of babies, improves cognitive performance and development, prevents them from allergies, and increases gastrointestinal health & immunity. The global infant nutrition market analysis is segmented on the basis of product type, form, distribution channel and region.
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The global infant nutrition market size was valued at $34.2 billion in 2018, and is projected to reach $61.6 billion by 2026, registering a CAGR of 7.7% from 2019 to 2026.
The key players operating in the infant nutrition industry include Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckise (Mead Johnson & Company LLC), Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).
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