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The infant nutrition market has seen remarkable growth in recent years, driven by advancements in infant formula, urbanization, and changing lifestyles. This blog explores the key drivers and trends shaping this dynamic market.

Market Expansion and Historical Growth

• Strong Growth: The infant nutrition market grew from $35.29 billion in 2023 to $38.74 billion in 2024, at a CAGR of 9.8%.
• Key Drivers:
  • Advancements in infant formula development.
  • Urbanization and changing lifestyles.
  • Recommendations from healthcare professionals.
  • Economic growth and affordability.
  • Government initiatives for child health.

Projected Market Growth

• Future Growth: The market is expected to reach $54.01 billion by 2028, with a CAGR of 8.7%.
• Forecast Period Drivers:
  • Increasing focus on immune health.
  • Rising demand for organic and natural products.
  • Innovation in packaging and convenience.
  • Expansion of e-commerce in baby products.
  • Growing awareness of environmental impact.

Read The Full Infant Nutrition Market Report Here:
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Increasing Birth Rates Fuel Market Growth

• Birth Rate Impact: The rising birth rate is a significant driver of market growth.
  • Higher birth rates increase demand for infant nutrition products.
  • Families prioritize high-quality nutrition for their children.
• Statistics: According to the 27th edition of the World Population Prospects, the US birth rate was 12.012 births per 1000 people in 2022.

Major Players in the Infant Nutrition Market

• Key Companies:
  • Abbott Laboratories.
  • Bellamy’s Australia Limited.
  • Danone SA.
  • Royal FrieslandCampina NV.
  • Reckitt Benckiser Group PLC.
  • Nestlé SA.
  • Perrigo Company PLC.
  • The Kraft Heinz Company.
  • Dana Dairy Group Ltd.
  • Baby Gourmet Foods Inc.
• Regional Leader: North America was the largest region in the market in 2023 and is expected to be the fastest-growing region during the forecast period.

Innovations Driving Market Trends

• Product Innovation: Companies are focusing on product innovation to maintain market positions.
  • Example: In July 2022, Danone launched a Dairy & Plants Adapt baby formula, with 60% of protein from plant sources, combined with DHA, omega-3 fatty acids, vegetable oil, and fibers from plants.

Strategic Acquisitions

• Hero Group Expansion: In January 2021, Hero Group acquired Baby Gourmet, expanding its presence in North America.
  • The acquisition included Slammers Snacks, enhancing Hero Group’s organic and nutrient-dense product range.

Market Segmentation

• By Type:
  • Infant Milk Formula.
  • Follow-on-Milk.
  • Specialty Baby Milk.
  • Prepared Baby Food.
  • Other Types.
• By Meal:
  • Baby cereals.
  • Baby snacks.
  • Baby drinks.
  • Other baby meals.
• By Distribution Channel:
  • Hypermarkets/Supermarkets.
  • Pharmacy/Medical Stores.
  • Specialty Stores.
  • Other Distribution Channels.

Trends Shaping the Future

• Formula Innovations: New ingredients and formulations.
  • Human milk oligosaccharides.
  • Plant-based infant nutrition.
• Digitalization: Enhancing parental education through digital platforms.
• Clean Label and Transparency: Increasing demand for clear and honest product labeling.
• Sustainability: Focus on environmentally friendly products and packaging.

Conclusion

The infant nutrition market is poised for continued growth, driven by rising birth rates, increasing focus on health and nutrition, and significant advancements in product innovation and technology. With major companies leading the way, the market is set to expand, offering better and more diverse options for infant care worldwide.

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The Infant Nutrition Global Market Report 2024  provides an overview of the infant nutrition market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The infant nutrition market forecast analyzes infant nutrition market size, infant nutrition market share, leading competitor and their market positions.

The Table Of Content For The Infant Nutrition Market Include:
1. Infant Nutrition Market Executive Summary
2. Infant Nutrition Market Segments
3. Infant Nutrition Market Size And Infant Nutrition Market Growth Rate
4. Key Infant Nutrition Market Trends
5. Major Infant Nutrition Market Drivers
……
25. Key Mergers And Acquisitions In The Infant Nutrition Market
26. Top Infant Nutrition Companies
27. Infant Nutrition Market Opportunities And Strategies
28. Infant Nutrition Market, Conclusions And Recommendations
29. Appendix

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