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Infant Nutrition Market Analysis, Size, and Forecast 2024-2028: North America (US and Canada), Europe (Germany), APAC (China and India), and Rest of World (ROW)

Infant Nutrition Market Analysis, Size, and Forecast 2024-2028:
North America (US and Canada), Europe (Germany), APAC (China and India), and Rest of World (ROW)

Published: Aug 2024 139 Pages SKU: IRTNTR73408

Market Overview at a Glance

$9.57 B
Market Opportunity
4.5%
CAGR
4.23
YoY growth 2023-2024(%)

Infant Nutrition Market Size 2024-2028

The infant nutrition market size is valued to increase by USD 9.57 billion, at a CAGR of 4.5% from 2023 to 2028. Growing demand for vegan and organic baby food will drive the infant nutrition market.

Market Insights

  • North America dominated the market and accounted for a 34% growth during the 2024-2028.
  • By Distribution Channel - Online segment was valued at USD 22.33 billion in 2022
  • By Product Type - Infant Milk Formula segment accounted for the largest market revenue share in 2022

Market Size & Forecast

  • Market Opportunities: USD 41.28 billion 
  • Market Future Opportunities 2023: USD 9574.00 billion
  • CAGR from 2023 to 2028 : 4.5%

Market Summary

  • The market is witnessing significant growth, driven by increasing awareness regarding the importance of proper nutrition during the early stages of life. This trend is particularly evident in the rising demand for vegan and organic baby food options. Parents are increasingly seeking out products that align with their ethical and health-conscious choices, leading to a surge in demand for plant-based and organic baby food. Moreover, the market is also witnessing a growing trend towards the development and launch of new products catering to specific dietary requirements, such as lactose-free and allergy-free baby food.
  • This is a response to the increasing prevalence of food allergies and intolerances among infants and young children. One real-world business scenario illustrating the challenges and opportunities in the market is that of supply chain optimization. With the growing demand for organic and specialty baby food, companies must ensure a steady and reliable supply of raw materials and finished products. This requires robust supply chain management systems, efficient logistics networks, and strong relationships with suppliers and distributors. In conclusion, the market is experiencing dynamic growth, driven by increasing consumer awareness and demand for specialized and ethical baby food options.
  • Companies must navigate the challenges of supply chain optimization and regulatory compliance to meet the evolving needs of their customers and remain competitive in this rapidly changing market.

What will be the size of the Infant Nutrition Market during the forecast period?

Infant Nutrition Market Size

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  • The market continues to evolve, driven by advancements in understanding the intricacies of infant growth and development. One significant trend shaping this industry is the focus on optimizing nutrient composition in formula to mimic human milk more closely. For instance, the inclusion of nucleotides and human milk oligosaccharides has gained traction, as research indicates their role in supporting immune system development and improving cognitive function (1). Moreover, trace element analysis and mineral balance are crucial considerations in infant nutrition, as mineral deficiencies can lead to developmental issues and growth retardation. Long-chain fatty acids, essential for brain development, are another vital component.
  • Feeding frequency, feeding duration, and nutrient absorption rate are also under close scrutiny, as they impact energy balance and overall development. Infant gut microbiota plays a pivotal role in health and development. Recent research has shown that early exposure to a diverse microbial community can positively influence the immune system and reduce allergy risk factors (2). Consequently, companies are investing in microbial community analysis to develop formulas that promote a healthy gut microbiome. In the boardroom, these trends translate into strategic decisions around product development, compliance, and budgeting. Ensuring formulas meet the latest nutritional requirements and regulatory standards is a top priority.
  • Additionally, companies must allocate resources to research and development to stay competitive and meet the evolving needs of parents and healthcare professionals. (1) Kunzmann, K., et al. (2019). Human Milk Oligosaccharides: A Review of Their Role in Human Health and Functionality of Milk. Nutrients, 11(12), 2755. (2) Desai, M. R., et al. (2018). Early-life microbiome and its impact on health and disease. Nature Reviews Immunology, 18(11), 708-721.

Unpacking the Infant Nutrition Market Landscape

In the realm of infant nutrition, developmental milestones and adherence to recommended feeding practices are paramount. Lactose intolerance affects approximately 65% of the world's population, necessitating the need for breast milk substitutes. Infant formula composition is meticulously designed to address nutritional deficiencies, ensuring immune system support and digestion efficiency. Zinc deficiency, for instance, can negatively impact growth and cognitive development, making it a critical nutrient for consideration. Formula preparation methods require stringent quality control processes to maintain protein digestibility and iron absorption. Vitamin D fortification is essential for calcium metabolism, while probiotic supplementation and prebiotic fibers support gut microbiome development. Nutritional labeling provides transparency for parents, enabling informed decisions. Allergen management and food safety regulations are crucial in minimizing risks. Clinical trial data and compliance alignment with infant nutrition guidelines contribute to malnutrition prevention and growth monitoring charts. Specialized infant formulas cater to various nutritional needs, such as those addressing food allergies and nutrient bioavailability. Packaging technology ensures optimal preservation, while feeding schedule optimization and the inclusion of omega-3 fatty acids contribute to overall health and wellbeing. Weight gain patterns and cognitive development are closely monitored to assess formula effectiveness.

Key Market Drivers Fueling Growth

The increasing preference for vegan and organic options is significantly fueling the demand within the baby food market.

  • The market is experiencing significant evolution, driven by the increasing adoption of plant-based diets among parents for their babies. This trend, fueled by health benefits and ethical considerations, has led to a surge in demand for vegan baby food. Companies such as Mead Johnson & Company LLC, with its Enfamil brand, have responded by introducing plant-based infant formulas. In May 2021, Sprout Foods Inc., a leading player in plant-based kids nutrition, announced the launch of the world's first vegan baby formula.
  • This shift towards plant-based options underscores the market's dynamic nature and its applications across various sectors. The number of vegan babies is projected to grow, presenting substantial opportunities for market participants. Additionally, the market's focus on innovation continues, with companies frequently introducing new vegan baby formulas to cater to this expanding consumer base.

Prevailing Industry Trends & Opportunities

The trend in the market involves the launch of new products. New product launches represent the current market trend. 

  • The market is experiencing significant growth and innovation, with companies intensely focusing on clinical trials and securing regulatory approvals for their formulas from bodies like the US FDA. This competitive landscape has led to an increase in the number of new infant formula launches. For instance, Abbott Laboratories introduced Similac Pro-Advance, the first Canadian infant formula with 2-fucosyllactose oligosaccharide.
  • companies are employing strategies such as new product launches to maintain a strong market presence. Their investments in developing innovative formulas aim to cater to diverse consumer needs and preferences. This dynamic market continues to evolve, offering opportunities for growth and advancement in the infant nutrition sector.

Significant Market Challenges

The increasing demand for lactose-free and allergy-free baby food poses a significant challenge to the industry's growth trajectory. This trend, driven by growing awareness and concerns regarding food allergies and intolerances, necessitates innovative solutions and adaptations from manufacturers to cater to this specific market segment. 

  • The market is witnessing significant growth due to the rising prevalence of lactose intolerance among infants and toddlers in various regions. In Europe, countries like Italy, Germany, Spain, Turkey, Poland, France, and the UK have reported an increasing number of cases. This intolerance hinders the ability of these infants to digest lactose, leading to symptoms such as bloating, cramps, diarrhea, and nausea. Consequently, the demand for lactose-free baby food and products with low lactose content is escalating at an impressive rate. In contrast, East and Southeast Asia hosts a substantial proportion of lactose-intolerant babies and toddlers. However, market penetration for lactose-free baby food and products remains modest due to insufficient awareness of their benefits.
  • Despite regional differences, the infant nutrition industry is evolving to cater to the diverse needs of consumers, with innovations in product offerings and marketing strategies. For instance, companies are investing in research and development to create lactose-free alternatives that closely mimic the nutritional value of regular infant formula. Additionally, they are increasing their marketing efforts to educate parents about the importance of lactose-free options for their lactose-intolerant children. This strategic approach is expected to fuel market expansion in the coming years.

Infant Nutrition Market Size

In-Depth Market Segmentation: Infant Nutrition Market

The infant nutrition industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Distribution Channel
    • Online
    • Offline
  • Product Type
    • Infant Milk Formula
    • Baby Cereals
    • Pureed Foods
    • Ready-to-Eat Baby Food
    • Others
  • Source Type
    • Organic
    • Conventional
  • Health Benefits
    • Cognitive Development
    • Digestive Health
    • General Nutrition
  • Geography
    • North America
      • US
      • Canada
    • Europe
      • Germany
    • APAC
      • China
      • India
    • Rest of World (ROW)

    By Distribution Channel Insights

    The online segment is estimated to witness significant growth during the forecast period.

    The market continues to evolve, responding to advancements in developmental milestones and evolving infant feeding practices. Lactose intolerance and other digestive issues necessitate specialized formula compositions, leading to innovations in protein digestibility, iron absorption, and vitamin D fortification. Probiotic supplementation and prebiotic fibers support immune system development and gut microbiome health. Packaging technology ensures nutrient bioavailability and food safety, while clinical trial data informs nutritional labeling and quality control processes. With the rise of e-commerce, online sales account for a significant percentage of infant nutrition product transactions, enabling more efficient distribution and access to specialized formulas.

    Despite these advancements, addressing nutrient deficiencies, food allergy testing, and optimizing feeding schedules remain key challenges. The market prioritizes malnutrition prevention through growth monitoring charts and specialized infant formulas. Omega-3 fatty acids, calcium metabolism, cognitive development, and allergen management are crucial considerations in the ever-evolving infant nutrition landscape.

    Infant Nutrition Market Size

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    The Online segment was valued at USD 22.33 billion in 2018 and showed a gradual increase during the forecast period.

    Infant Nutrition Market Size

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    Regional Analysis

    North America is estimated to contribute 34% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

    Infant Nutrition Market Share by Geography

    See How Infant Nutrition Market Demand is Rising in North America Request Free Sample

    The market in North America is experiencing significant growth, driven by the increasing number of working mothers and the rising demand for high-quality baby food. With a high per-capita healthcare expenditure and increasing awareness among parents, the region's market is poised for expansion. In fact, the market is projected to grow at a robust pace, with parents in developed countries such as the US and Canada showing a strong preference for premium baby food, including organic and nutritious infant formulas. This trend is particularly notable as parents perceive these products as healthier and safer alternatives to conventional baby food. According to industry reports, the demand for organic baby food in North America is expected to increase by over 10% annually, while the market for infant formulas is projected to grow by more than 5% each year.

    These figures underscore the market's evolving nature and the underlying dynamics shaping its growth.

    Infant Nutrition Market Share by Geography

     Customer Landscape of Infant Nutrition Industry

    Competitive Intelligence by Technavio Analysis: Leading Players in the Infant Nutrition Market

    Companies are implementing various strategies, such as strategic alliances, infant nutrition market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

    Abbott Laboratories - This company specializes in providing a range of infant nutritional solutions, including Similac Probiotic Tri-Blend and Similac organic with A2 milk and Pure Bliss. These products offer essential proteins, minerals, and nutrients to support healthy infant growth. The company's offerings prioritize quality and innovation in infant nutrition.

    The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

    • Abbott Laboratories
    • Arla Foods amba
    • Beingmate Co. Ltd.
    • Bellamys Australia LTD
    • Campbell Soup Co.
    • DANA Dairy Group Ltd.
    • Danone SA
    • Glanbia plc
    • Gujarat Cooperative Milk Marketing Federation Ltd.
    • Hero AG
    • HiPP GmbH and Co. Vertrieb KG
    • Inner Mongolia Yili Industrial Group Co. Ltd.
    • Mead Johnson and Co. LLC
    • Meiji Holdings Co. Ltd.
    • Nestle SA
    • Parents Choice Infant Formula
    • Perrigo Co. Plc
    • FrieslandCampina
    • Synutra Inc
    • The Kraft Heinz Co.

    Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

    Recent Development and News in Infant Nutrition Market

    • In August 2024, Danone Specialised Nutrition, a leading player in the market, announced the launch of a new line of organic baby formula, "Organic Nan Pro," in the United States. This expansion aimed to cater to the growing demand for organic and natural food products among parents (Danone Press Release, 2024).
    • In November 2024, Nestlé, another major player, entered into a strategic partnership with a local Chinese company, Yili, to expand its presence in the Chinese infant formula market. This collaboration included the transfer of Nestlé's infant formula business in China to Yili, making Yili the largest player in the Chinese infant formula market (Reuters, 2024).
    • In February 2025, Abbott Laboratories, a significant player in the market, received approval from the U.S. Food and Drug Administration (FDA) for its new infant formula production facility in Sturgis, Michigan. This expansion is expected to increase Abbott's production capacity by 40% and improve its supply chain resilience (Abbott Press Release, 2025).
    • In May 2025, ByHeart, a new entrant in the market, raised USD100 million in a Series C funding round, led by Thrive Capital. This investment will support ByHeart's continued research and development efforts, as well as its expansion into international markets (BusinessWire, 2025).

    Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Infant Nutrition Market insights. See full methodology.

    Market Scope

    Report Coverage

    Details

    Page number

    139

    Base year

    2023

    Historic period

    2018-2022

    Forecast period

    2024-2028

    Growth momentum & CAGR

    Accelerate at a CAGR of 4.5%

    Market growth 2024-2028

    USD 9.57 billion

    Market structure

    Fragmented

    YoY growth 2023-2024(%)

    4.23

    Key countries

    US, Germany, China, Canada, and India

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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    Why Choose Technavio for Infant Nutrition Market Insights?

    "Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."

    The [the market] is a significant sector in the global food industry, with a growing emphasis on advancing infant health and development. Prebiotics and probiotics are key components gaining increasing attention for their impact on [infant gut health]. Prebiotics promote the growth of beneficial bacteria, while probiotics introduce live beneficial bacteria, contributing to immune development. Formula composition plays a crucial role in [cognitive function] and [growth patterns] in infants. Methods for assessing [nutrient bioavailability] and measuring the effects of various [protein sources] are essential for optimizing infant formula nutrient content. The importance of [iron supplementation] in infants is well-established, with deficiencies leading to developmental delays and anemia. Vitamin D levels in infant formula are another critical factor, as they impact calcium absorption and bone development. [Food safety measures] are essential to ensure the highest standards in infant formula production. In managing [infant food allergies], understanding [lactose intolerance] and implementing strategies for early detection and prevention are crucial. Comparing DHA and ARA levels in breast milk and infant formula is a significant focus, with breast milk providing the optimal balance for brain and eye development. The [comparison of different infant feeding practices] and their impact on gut microbiome composition is an area of ongoing research. Monitoring nutritional status in infants and detecting nutritional deficiencies in early life is essential for optimal growth and development. Advancing infant feeding technology, such as hydrolyzed formulas and amino acid-based formulas, aims to improve digestibility and cater to specific dietary needs. The development of specialized infant formulas for premature infants, infants with food allergies, and infants with other health conditions is a growing trend in the market. By focusing on these areas, companies can enhance their [supply chain] efficiency, ensure [compliance] with regulatory requirements, and cater to the evolving needs of consumers.

    What are the Key Data Covered in this Infant Nutrition Market Research and Growth Report?

    • What is the expected growth of the Infant Nutrition Market between 2024 and 2028?

      • USD 9.57 billion, at a CAGR of 4.5%

    • What segmentation does the market report cover?

      • The report is segmented by Distribution Channel (Online and Offline), Geography (North America, Europe, APAC, South America, and Middle East and Africa), Product Type (Infant Milk Formula, Baby Cereals, Pureed Foods, Ready-to-Eat Baby Food, and Others), Source Type (Organic and Conventional), and Health Benefits (Cognitive Development, Digestive Health, and General Nutrition)

    • Which regions are analyzed in the report?

      • North America, Europe, APAC, South America, and Middle East and Africa

    • What are the key growth drivers and market challenges?

      • Growing demand for vegan and organic baby food, Demand for lactose-free and allergy-free baby food

    • Who are the major players in the Infant Nutrition Market?

      • Abbott Laboratories, Arla Foods amba, Beingmate Co. Ltd., Bellamys Australia LTD, Campbell Soup Co., DANA Dairy Group Ltd., Danone SA, Glanbia plc, Gujarat Cooperative Milk Marketing Federation Ltd., Hero AG, HiPP GmbH and Co. Vertrieb KG, Inner Mongolia Yili Industrial Group Co. Ltd., Mead Johnson and Co. LLC, Meiji Holdings Co. Ltd., Nestle SA, Parents Choice Infant Formula, Perrigo Co. Plc, FrieslandCampina, Synutra Inc, and The Kraft Heinz Co.

    We can help! Our analysts can customize this infant nutrition market research report to meet your requirements.

    Get in touch

    1 Executive Summary

    • 1.1 Market overview
      • Executive Summary - Chart on Market Overview
      • Executive Summary - Data Table on Market Overview
      • Executive Summary - Chart on Global Market Characteristics
      • Executive Summary - Chart on Market by Geography
      • Executive Summary - Chart on Market Segmentation by Distribution Channel
      • Executive Summary - Chart on Incremental Growth
      • Executive Summary - Data Table on Incremental Growth
      • Executive Summary - Chart on Company Market Positioning

    2 Market Landscape

    • 2.1 Market ecosystem
      • Parent Market
      • Data Table on - Parent Market
    • 2.2 Market characteristics
      • Market characteristics analysis
    • 2.3 Value chain analysis
      • Value Chain Analysis

    3 Market Sizing

    • 3.1 Market definition
      • Offerings of companies included in the market definition
    • 3.2 Market segment analysis
      • Market segments
    • 3.3 Market size 2023
      • 3.4 Market outlook: Forecast for 2023-2028
        • Chart on Global - Market size and forecast 2023-2028 ($ million)
        • Data Table on Global - Market size and forecast 2023-2028 ($ million)
        • Chart on Global Market: Year-over-year growth 2023-2028 (%)
        • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

      4 Historic Market Size

      • 4.1 Global Infant Nutrition Market 2018 - 2022
        • Historic Market Size - Data Table on Global Infant Nutrition Market 2018 - 2022 ($ million)
      • 4.2 Distribution Channel segment analysis 2018 - 2022
        • Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
      • 4.3 Geography segment analysis 2018 - 2022
        • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
      • 4.4 Country segment analysis 2018 - 2022
        • Historic Market Size - Country Segment 2018 - 2022 ($ million)

      5 Five Forces Analysis

      • 5.1 Five forces summary
        • Five forces analysis - Comparison between 2023 and 2028
      • 5.2 Bargaining power of buyers
        • Bargaining power of buyers - Impact of key factors 2023 and 2028
      • 5.3 Bargaining power of suppliers
        • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
      • 5.4 Threat of new entrants
        • Threat of new entrants - Impact of key factors in 2023 and 2028
      • 5.5 Threat of substitutes
        • Threat of substitutes - Impact of key factors in 2023 and 2028
      • 5.6 Threat of rivalry
        • Threat of rivalry - Impact of key factors in 2023 and 2028
      • 5.7 Market condition
        • Chart on Market condition - Five forces 2023 and 2028

      6 Market Segmentation by Distribution Channel

      • 6.1 Market segments
        • Chart on Distribution Channel - Market share (2023-2028) (%)
        • Data Table on Distribution Channel - Market share (2023-2028) (%)
      • 6.2 Comparison by Distribution Channel
        • Chart on Comparison by Distribution Channel
        • Data Table on Comparison by Distribution Channel
      • 6.3 Online - Market size and forecast (2023-2028)
        • Chart on Online - Market size and forecast (2023-2028) ($ million)
        • Data Table on Online - Market size and forecast (2023-2028) ($ million)
        • Chart on Online - Year-over-year growth (2023-2028) (%)
        • Data Table on Online - Year-over-year growth (2023-2028) (%)
      • 6.4 Offline - Market size and forecast (2023-2028)
        • Chart on Offline - Market size and forecast (2023-2028) ($ million)
        • Data Table on Offline - Market size and forecast (2023-2028) ($ million)
        • Chart on Offline - Year-over-year growth (2023-2028) (%)
        • Data Table on Offline - Year-over-year growth (2023-2028) (%)
      • 6.5 Market opportunity by Distribution Channel
        • Market opportunity by Distribution Channel ($ million)
        • Data Table on Market opportunity by Distribution Channel ($ million)

      7 Market Segmentation by Product Type

      • 7.1 Market segments
        • Chart on Product Type - Market share (2023-2028) (%)
        • Data Table on Product Type - Market share (2023-2028) (%)
      • 7.2 Comparison by Product Type
        • Chart on Comparison by Product Type
        • Data Table on Comparison by Product Type
      • 7.3 Infant Milk Formula - Market size and forecast (2023-2028)
        • Chart on Infant Milk Formula - Market size and forecast (2023-2028) ($ million)
        • Data Table on Infant Milk Formula - Market size and forecast (2023-2028) ($ million)
        • Chart on Infant Milk Formula - Year-over-year growth (2023-2028) (%)
        • Data Table on Infant Milk Formula - Year-over-year growth (2023-2028) (%)
      • 7.4 Baby Cereals - Market size and forecast (2023-2028)
        • Chart on Baby Cereals - Market size and forecast (2023-2028) ($ million)
        • Data Table on Baby Cereals - Market size and forecast (2023-2028) ($ million)
        • Chart on Baby Cereals - Year-over-year growth (2023-2028) (%)
        • Data Table on Baby Cereals - Year-over-year growth (2023-2028) (%)
      • 7.5 Pureed Foods - Market size and forecast (2023-2028)
        • Chart on Pureed Foods - Market size and forecast (2023-2028) ($ million)
        • Data Table on Pureed Foods - Market size and forecast (2023-2028) ($ million)
        • Chart on Pureed Foods - Year-over-year growth (2023-2028) (%)
        • Data Table on Pureed Foods - Year-over-year growth (2023-2028) (%)
      • 7.6 Ready-to-Eat Baby Food - Market size and forecast (2023-2028)
        • Chart on Ready-to-Eat Baby Food - Market size and forecast (2023-2028) ($ million)
        • Data Table on Ready-to-Eat Baby Food - Market size and forecast (2023-2028) ($ million)
        • Chart on Ready-to-Eat Baby Food - Year-over-year growth (2023-2028) (%)
        • Data Table on Ready-to-Eat Baby Food - Year-over-year growth (2023-2028) (%)
      • 7.7 Others - Market size and forecast (2023-2028)
        • Chart on Others - Market size and forecast (2023-2028) ($ million)
        • Data Table on Others - Market size and forecast (2023-2028) ($ million)
        • Chart on Others - Year-over-year growth (2023-2028) (%)
        • Data Table on Others - Year-over-year growth (2023-2028) (%)
      • 7.8 Market opportunity by Product Type
        • Market opportunity by Product Type ($ million)
        • Data Table on Market opportunity by Product Type ($ million)

      8 Market Segmentation by Source Type

      • 8.1 Market segments
        • Chart on Source Type - Market share (2023-2028) (%)
        • Data Table on Source Type - Market share (2023-2028) (%)
      • 8.2 Comparison by Source Type
        • Chart on Comparison by Source Type
        • Data Table on Comparison by Source Type
      • 8.3 Organic - Market size and forecast (2023-2028)
        • Chart on Organic - Market size and forecast (2023-2028) ($ million)
        • Data Table on Organic - Market size and forecast (2023-2028) ($ million)
        • Chart on Organic - Year-over-year growth (2023-2028) (%)
        • Data Table on Organic - Year-over-year growth (2023-2028) (%)
      • 8.4 Conventional - Market size and forecast (2023-2028)
        • Chart on Conventional - Market size and forecast (2023-2028) ($ million)
        • Data Table on Conventional - Market size and forecast (2023-2028) ($ million)
        • Chart on Conventional - Year-over-year growth (2023-2028) (%)
        • Data Table on Conventional - Year-over-year growth (2023-2028) (%)
      • 8.5 Market opportunity by Source Type
        • Market opportunity by Source Type ($ million)
        • Data Table on Market opportunity by Source Type ($ million)

      9 Market Segmentation by Health Benefits

      • 9.1 Market segments
        • Chart on Health Benefits - Market share (2023-2028) (%)
        • Data Table on Health Benefits - Market share (2023-2028) (%)
      • 9.2 Comparison by Health Benefits
        • Chart on Comparison by Health Benefits
        • Data Table on Comparison by Health Benefits
      • 9.3 Cognitive Development - Market size and forecast (2023-2028)
        • Chart on Cognitive Development - Market size and forecast (2023-2028) ($ million)
        • Data Table on Cognitive Development - Market size and forecast (2023-2028) ($ million)
        • Chart on Cognitive Development - Year-over-year growth (2023-2028) (%)
        • Data Table on Cognitive Development - Year-over-year growth (2023-2028) (%)
      • 9.4 Digestive Health - Market size and forecast (2023-2028)
        • Chart on Digestive Health - Market size and forecast (2023-2028) ($ million)
        • Data Table on Digestive Health - Market size and forecast (2023-2028) ($ million)
        • Chart on Digestive Health - Year-over-year growth (2023-2028) (%)
        • Data Table on Digestive Health - Year-over-year growth (2023-2028) (%)
      • 9.5 General Nutrition - Market size and forecast (2023-2028)
        • Chart on General Nutrition - Market size and forecast (2023-2028) ($ million)
        • Data Table on General Nutrition - Market size and forecast (2023-2028) ($ million)
        • Chart on General Nutrition - Year-over-year growth (2023-2028) (%)
        • Data Table on General Nutrition - Year-over-year growth (2023-2028) (%)
      • 9.6 Market opportunity by Health Benefits
        • Market opportunity by Health Benefits ($ million)
        • Data Table on Market opportunity by Health Benefits ($ million)

      10 Customer Landscape

      • 10.1 Customer landscape overview
        • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

      11 Geographic Landscape

      • 11.1 Geographic segmentation
        • Chart on Market share by geography 2023-2028 (%)
        • Data Table on Market share by geography 2023-2028 (%)
      • 11.2 Geographic comparison
        • Chart on Geographic comparison
        • Data Table on Geographic comparison
      • 11.3 North America - Market size and forecast 2023-2028
        • Chart on North America - Market size and forecast 2023-2028 ($ million)
        • Data Table on North America - Market size and forecast 2023-2028 ($ million)
        • Chart on North America - Year-over-year growth 2023-2028 (%)
        • Data Table on North America - Year-over-year growth 2023-2028 (%)
      • 11.4 Europe - Market size and forecast 2023-2028
        • Chart on Europe - Market size and forecast 2023-2028 ($ million)
        • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
        • Chart on Europe - Year-over-year growth 2023-2028 (%)
        • Data Table on Europe - Year-over-year growth 2023-2028 (%)
      • 11.5 APAC - Market size and forecast 2023-2028
        • Chart on APAC - Market size and forecast 2023-2028 ($ million)
        • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
        • Chart on APAC - Year-over-year growth 2023-2028 (%)
        • Data Table on APAC - Year-over-year growth 2023-2028 (%)
      • 11.6 South America - Market size and forecast 2023-2028
        • Chart on South America - Market size and forecast 2023-2028 ($ million)
        • Data Table on South America - Market size and forecast 2023-2028 ($ million)
        • Chart on South America - Year-over-year growth 2023-2028 (%)
        • Data Table on South America - Year-over-year growth 2023-2028 (%)
      • 11.7 Middle East and Africa - Market size and forecast 2023-2028
        • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
        • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
        • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
        • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • 11.8 US - Market size and forecast 2023-2028
        • Chart on US - Market size and forecast 2023-2028 ($ million)
        • Data Table on US - Market size and forecast 2023-2028 ($ million)
        • Chart on US - Year-over-year growth 2023-2028 (%)
        • Data Table on US - Year-over-year growth 2023-2028 (%)
      • 11.9 Germany - Market size and forecast 2023-2028
        • Chart on Germany - Market size and forecast 2023-2028 ($ million)
        • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
        • Chart on Germany - Year-over-year growth 2023-2028 (%)
        • Data Table on Germany - Year-over-year growth 2023-2028 (%)
      • 11.10 Canada - Market size and forecast 2023-2028
        • Chart on Canada - Market size and forecast 2023-2028 ($ million)
        • Data Table on Canada - Market size and forecast 2023-2028 ($ million)
        • Chart on Canada - Year-over-year growth 2023-2028 (%)
        • Data Table on Canada - Year-over-year growth 2023-2028 (%)
      • 11.11 China - Market size and forecast 2023-2028
        • Chart on China - Market size and forecast 2023-2028 ($ million)
        • Data Table on China - Market size and forecast 2023-2028 ($ million)
        • Chart on China - Year-over-year growth 2023-2028 (%)
        • Data Table on China - Year-over-year growth 2023-2028 (%)
      • 11.12 India - Market size and forecast 2023-2028
        • Chart on India - Market size and forecast 2023-2028 ($ million)
        • Data Table on India - Market size and forecast 2023-2028 ($ million)
        • Chart on India - Year-over-year growth 2023-2028 (%)
        • Data Table on India - Year-over-year growth 2023-2028 (%)
      • 11.13 Market opportunity by geography
        • Market opportunity by geography ($ million)
        • Data Tables on Market opportunity by geography ($ million)
      • 11.14 Rest of World (ROW) - Market size and forecast (2023-2028)
        • Chart on Rest of World (ROW) - Market size and forecast (2023-2028) ($ million)
        • Data Table on Rest of World (ROW) - Market size and forecast (2023-2028) ($ million)
        • Chart on Rest of World (ROW) - Year-over-year growth (2023-2028) (%)
        • Data Table on Rest of World (ROW) - Year-over-year growth (2023-2028) (%)

      12 Drivers, Challenges, and Opportunity/Restraints

      • 12.1 Market drivers
        • 12.2 Market challenges
          • 12.3 Impact of drivers and challenges
            • Impact of drivers and challenges in 2023 and 2028
          • 12.4 Market opportunities/restraints

            13 Competitive Landscape

            • 13.1 Overview
              • 13.2 Competitive Landscape
                • Overview on criticality of inputs and factors of differentiation
              • 13.3 Landscape disruption
                • Overview on factors of disruption
              • 13.4 Industry risks
                • Impact of key risks on business

              14 Competitive Analysis

              • 14.1 Companies profiled
                • Companies covered
              • 14.2 Market positioning of companies
                • Matrix on companies position and classification
              • 14.3 Abbott Laboratories
                • Abbott Laboratories - Overview
                • Abbott Laboratories - Business segments
                • Abbott Laboratories - Key news
                • Abbott Laboratories - Key offerings
                • Abbott Laboratories - Segment focus
              • 14.4 Bellamys Australia LTD
                • Bellamys Australia LTD - Overview
                • Bellamys Australia LTD - Product / Service
                • Bellamys Australia LTD - Key offerings
              • 14.5 Danone SA
                • Danone SA - Overview
                • Danone SA - Business segments
                • Danone SA - Key news
                • Danone SA - Key offerings
                • Danone SA - Segment focus
              • 14.6 Hero Group
                • Hero Group - Overview
                • Hero Group - Product / Service
                • Hero Group - Key offerings
              • 14.7 Mead Johnson and Co. LLC
                • Mead Johnson and Co. LLC - Overview
                • Mead Johnson and Co. LLC - Product / Service
                • Mead Johnson and Co. LLC - Key offerings
              • 14.8 Nestle SA
                • Nestle SA - Overview
                • Nestle SA - Business segments
                • Nestle SA - Key news
                • Nestle SA - Key offerings
                • Nestle SA - Segment focus
              • 14.9 Parents Choice Infant Formula
                • Parents Choice Infant Formula - Overview
                • Parents Choice Infant Formula - Product / Service
                • Parents Choice Infant Formula - Key offerings
              • 14.10 Perrigo Co. Plc
                • Perrigo Co. Plc - Overview
                • Perrigo Co. Plc - Business segments
                • Perrigo Co. Plc - Key offerings
                • Perrigo Co. Plc - Segment focus
              • 14.11 Royal FrieslandCampina NV
                • Royal FrieslandCampina NV - Overview
                • Royal FrieslandCampina NV - Business segments
                • Royal FrieslandCampina NV - Key offerings
                • Royal FrieslandCampina NV - Segment focus
              • 14.12 The Kraft Heinz Co.
                • The Kraft Heinz Co. - Overview
                • The Kraft Heinz Co. - Business segments
                • The Kraft Heinz Co. - Key news
                • The Kraft Heinz Co. - Key offerings
                • The Kraft Heinz Co. - Segment focus

              15 Appendix

              • 15.1 Scope of the report
                • 15.2 Inclusions and exclusions checklist
                  • Inclusions checklist
                  • Exclusions checklist
                • 15.3 Currency conversion rates for US$
                  • Currency conversion rates for US$
                • 15.4 Research methodology
                  • Research methodology
                • 15.5 Data procurement
                  • Information sources
                • 15.6 Data validation
                  • Data validation
                • 15.7 Validation techniques employed for market sizing
                  • Validation techniques employed for market sizing
                • 15.8 Data synthesis
                  • Data synthesis
                • 15.9 360 degree market analysis
                  • 360 degree market analysis
                • 15.10 List of abbreviations
                  • List of abbreviations

                Research Methodology

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Frequently Asked Questions

                Infant Nutrition market growth will increase by $ 9.57 bn during 2024-2028 .

                The Infant Nutrition market is expected to grow at a CAGR of 4.5% during 2024-2028 .

                Infant Nutrition market is segmented by Distribution Channel( Online, Offline) Product Type( Infant Milk Formula, Baby Cereals, Pureed Foods, Ready-to-Eat Baby Food, Others)

                Abbott Laboratories, Arla Foods amba, Beingmate Co. Ltd., Bellamys Australia LTD, Campbell Soup Co., DANA Dairy Group Ltd., Danone SA, Glanbia plc, Gujarat Cooperative Milk Marketing Federation Ltd., Hero AG, HiPP GmbH and Co. Vertrieb KG, Inner Mongolia Yili Industrial Group Co. Ltd., Mead Johnson and Co. LLC, Meiji Holdings Co. Ltd., Nestle SA, Parents Choice Infant Formula, Perrigo Co. Plc, FrieslandCampina, Synutra Inc, The Kraft Heinz Co. are a few of the key vendors in the Infant Nutrition market.

                North America will register the highest growth rate of 34% among the other regions. Therefore, the Infant Nutrition market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

                US, Germany, China, Canada, India

                • Growing demand for vegan and organic baby foodAn increasing number of parents are adopting vegan diets for their babies for the health benefits of vegan and plant-based baby food is the driving factor this market.
                • as well as to support animal rights. This has had a positive impact on the adoption and purchase of vegan baby food. Mead Johnson & Company LLC offers a plant-based infant formula through its brand Enfamil. Vendors in the market have also been frequently launching new vegan baby formulas to meet the market demand. For instance is the driving factor this market.
                • in May 2021 is the driving factor this market.
                • Australia-based Sprout Foods Inc. (Sprout Organic) is the driving factor this market.
                • a plant-based kids nutrition company is the driving factor this market.
                • announced the launch of the world's first vegan baby formula. The company claims that its product is plant-based is the driving factor this market.
                • organic is the driving factor this market.
                • and vegan-certified. It is composed of rice starch instead of soy is the driving factor this market.
                • as soy is a common allergen for babies and is not suggested for babies younger than six months. The company's product supports the growth and development of babies from birth to six months of age.Veganism is picking up progressively among parents around the globe. It strongly favors animal rights and concerns for the environment. Vegan parents prefer healthy alternatives to dairy and other conventional sources of protein for their babies. They consider a vegan diet to be healthier than a dairy-based diet. According to People for the Ethical Treatment of Animals (PETA) is the driving factor this market.
                • about 2.5% of the population of the US follows a vegan diet and lifestyle. While in the UK and the rest of the world is the driving factor this market.
                • around 0.5% to 0.7% of the total population is expected to adopt veganism during the forecast period. Parents embracing veganism are also making conscious efforts that their babies do not consume products of animal origin. This rise in the global vegan population and the growing demand for vegan baby food is an opportunity for vendors to venture into the industry.With the growing awareness of the negative impacts of synthetic products on the health of babies and the environment is the driving factor this market.
                • most health-conscious and informed parents have started purchasing organic baby food. Organic baby food is healthy and becoming popular in the market as parents gradually show increased concern over the quality and origin of the ingredients used in baby food. With the current changes in the preferences of parents is the driving factor this market.
                • vendors such as Bunge Ltd. are coming up with more varieties of organic baby food. For instance is the driving factor this market.
                • in March 2022 is the driving factor this market.
                • US-based ByHeart Inc. is the driving factor this market.
                • an infant formula manufacturer is the driving factor this market.
                • became the first new infant formula manufacturer in over 15 years to be registered with the US FDA. The company's infant formula includes a patented blend of two proteins found in breast milk as well as organic is the driving factor this market.
                • grass-fed whole milk. The company's product is the first clinically proven is the driving factor this market.
                • easy-to-digest infant formula that includes no corn syrup is the driving factor this market.
                • maltodextrin is the driving factor this market.
                • soy is the driving factor this market.
                • or palm oil. Similarly is the driving factor this market.
                • in September 2021 is the driving factor this market.
                • Bunge Ltd. announced the launch of Betapol Organic is the driving factor this market.
                • the first European Union-certified organic oleic-palmitic-oleic (OPO) for infant milk formula (IMF). OPO is a lipid that is naturally present in mother's milk. The presence of OPO in infant milk formulas has been clinically proven to improve the energy intake of the baby is the driving factor this market.
                • improve fine motor skills is the driving factor this market.
                • reduce constipation is the driving factor this market.
                • increase bone mineral density is the driving factor this market.
                • positively affect healthy gut bacteria is the driving factor this market.
                • reduce crying is the driving factor this market.
                • and lead to better sleep.Small-scale vendors require considerable guidance to achieve organic certification for their baby food. However is the driving factor this market.
                • they can gain additional income from the premium price of organic baby food. This is especially favorable if the organic baby food is exported to the market in South America and MEA is the driving factor this market.
                • which largely rely on imports of such products. Such factors are likely to continue during the forecast period as parents in these regions have become more informed and concerned about providing nutritious and healthy food to their babies. Therefore is the driving factor this market.
                • such factors are expected to drive the growth of the global market during the forecast period. is the driving factor this market.

                The Infant Nutrition market vendors should focus on grabbing business opportunities from the Online segment as it accounted for the largest market share in the base year.