The Infant Nutrition Market consists of different sets of products from different infant formulas to a range of foods for babies. The market for Infant Nutrition Market is nearly USD 47.4 Billion in 2016 and is expected to grow at a CAGR of 7.3 % in 2016-2021. Recently, total sales of baby food and Infant formula products in markets such as Europe, Japanese and US markets achieved USD 15.1 Billion and a CAGR of 3.7% is forecast through 2017.
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Growth of infant nutrition market might be moderate because of market saturation and less birth rates in few regions. In developing markets, products of Infant nutrition are USD 17.1 Billion in sales. Growth of Infant Nutrition market is supported by very high birth rates and rise in consumer affluence. In developing nations and also in the well developed economies of Brazil, Russia and China , birth rates are decreasing more and more and are now below the “replacement rate” at which populations remains constant and therefore increasing the competition between leading manufacturing companies to distinguish between their products. These factors have had a global effect on brand manufacturers competing in the complex Infant Nutrition Market.
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Infant Nutrition Market is segmented by product type and Distribution channel and region. Basis on the product type, the market can be segmented as Starting milk formula, follow-on milk formula, special milk formula and Toddlers milk formula. Based on Distribution channel, market is segmented as speciality outlets, supermarkets, online, chemist/pharmacist/Drug stone and others. By region, Market can be segmented as North America, Asia-Pacific, Latin America, Europe and Middle East and Africa.
Major players in this market Nestlé S.A., Abbott Nutrition, Groupe Danone, Mead Johnson Nutrition, Meiji Holdings Co. Ltd, The Kraft Heinz Company, Beingmate Baby & Child Food Co. Ltd Pfizer Inc. and ., Synutra International, Inc.,FrieslandCampina.
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