According to a new report, published by KBV research, The Global Infant Nutrition Market size is expected to reach $89.7 billion by 2030, rising at a market growth of 9.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,424.8 Kilo Tonnes experiencing a growth of 7.6% (2019-2022).
The Liquid segment is experiencing a CAGR of 11.1% during (2023 - 2030). The liquid segment covered a considerable revenue share in the infant nutrition market in 2022. Liquid baby food refers to baby food products in a liquid or semi-liquid form, often pureed or blended, and suitable for infants just beginning their journey into solid foods. These products provide convenient and nutritionally balanced options for parents and caregivers to feed their babies. Manufacturers offer various flavors and ingredient combinations in liquid baby food to introduce babies to different tastes and textures as they begin their solid food journey.
The Offline channel segment is generating highest revenue in the Global Infant Nutrition Market by Distribution Channel in 2022; thereby, achieving a market value of $60.9 billion by 2030. The offline channel provides an extensive array of product portfolios from many domains in the market, thus making it easy to access for clients. It is a well-organized store with a domestic and international presence that carries various infant nutrition. These stores provide consumers access to available niche products on the market.
The Follow-on Milk segment is exhibiting a CAGR of 9.7% during (2023 - 2030). Follow-on milk, often called follow-on formula, is a type of infant formula designed for infants older than six months who are transitioning from a milk-based diet to a various diet that includes solid foods. It is formulated to provide the necessary nutrients to support their growth and development as they consume more solid foods. Iron is an essential nutrient for older infants as their iron stores from birth start to deplete.
The Asia Pacific region dominated the Global Infant Nutrition Market by Region in 2022; and would continue to be a dominant market till 2030, thereby achieving a market value of $37.6 billion by 2030. The Europe region is anticipated to grow a CAGR of 8.6% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/infant-nutrition-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Reckitt Benckiser Group PLC, Perrigo Company PLC, Nestle S.A, Danone, S.A., Abbott Laboratories, The Kraft Heinz Company, Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.), Arla Foods, Inc., DANA Dairy Group Ltd. and Sun-Maid Growers of California.
By Form (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Product Type (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
Companies Profiled