Infant nutrition mainly refers to the nutrition of children in the first year after birth. The key to infant nutrition lies in promoting breastfeeding and adding complementary foods at appropriate times to meet the needs of infant growth and development.
From the perspective of nutritional classification, the main nutrients required by infants include carbohydrates, minerals, vitamins, fats, proteins, fiber, and water. These nutrients play important roles in the growth and development of infants. In addition, as an important component of infant nutrition, colostrum contains abundant immune substances and nutrients, which are crucial for the immune system and overall health of infants. Therefore, breastfeeding is considered one of the best ways for infant nutrition.
Overview of Market Development
From the current market situation, the global infant nutrition market is showing a vigorous development trend. This is due to the improvement of family economic conditions and the high attention paid by consumers to infant health. Meanwhile, with the continuous advancement of technology, infant nutrition products are also constantly innovating to meet the nutritional needs of infants of different ages and constitutions. For example, new products such as organic baby food and personalized customized baby food are constantly emerging, injecting new vitality into the market. According to our research data, the global infant nutrition market revenue is estimated to reach $96.87 billion in 2024, an increase of 5.42% from 2023, and is expected to continue to expand to $126.54 billion by 2029.
Analysis of Market Competitive Landscape
From the perspective of market competition, the concentration of the global infant nutrition market is moderate. According to our data, the total revenue of the infant nutrition market for the top 3 companies in 2023 was $38.40 billion, with a total revenue share of 41.79%. The top 3 companies were Nestlé, Danone, and Abbott Laboratories. In 2023, these three companies accounted for 20.02%, 13.35%, and 8.41% of the global infant nutrition market revenue, respectively.
Global Infant Nutrition Market Revenue Forecast and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, infant nutrition products mainly include two categories: infant formula and infant complementary foods. Among them, infant formula occupies a dominant position in the market. Data shows that the global infant formula sub-market is expected to generate an estimated revenue of $72.47 billion in 2024, with a market share of 74.82%.
From a regional perspective, the global infant nutrition market is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, the Asia Pacific region is the largest revenue market. This is mainly due to the large population and rapid economic development in the Asia Pacific region. The data shows that the estimated revenue of the infant nutrition market in the Asia Pacific region in 2024 is $53.51 billion, and the market share is expected to reach 55.24%; The European market is expected to rank second with a share of 19.70%.
Global Infant Nutrition Segment Market Revenue and Market Share Forecast in
2024
|
|
Market Revenue (Billion USD)
|
Share
|
|
Segmented by Type
|
|
Infant Formula
|
72.47
|
74.82%
|
|
Infant Complementary Foods
|
24.39
|
25.18%
|
|
Segmented by Region
|
|
North America
|
9.46
|
9.77%
|
|
Europe
|
19.09
|
19.70%
|
|
Asia Pacific
|
53.51
|
55.24%
|
|
Middle East & Africa
|
7.97
|
8.23%
|
|
South America
|
6.84
|
7.06%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Infant Nutrition Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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