Infant Nutrition Market Outlook and Analysis 2023: Nestle S.A., Beingmate Baby & Child Food Co Ltd, Ellas Kitchen, Freisland Campina
Global Infant Nutrition Market to expand at a CAGR of 7.0%
Growing number of working women through the world, hectic lifestyle, growing malnutrition among babies across the world, increasing awareness regarding various health benefits of feeding baby food to infants in young babies among people, increasing the need for convenient and portable nutrition for their babies, raising expenditure on new born babies, are some of the driving factors in Global Infant Nutrition Market.
Asia Pacific to dominate the global Infant Nutrition Market through 2018-2024
Asia Pacific is predicted to dominate the global Infant Nutrition Market. Omkar Harne a research analyst at Infinium Global Research quoted that the growth in the Asia-Pacific market for global Infant Nutrition Market is due to rising adoption of infant formula, growing birth rate, improving economic conditions of consumers, and consumer preference toward organic infant nutrition products. Omkar Harne further quoted that the growth in Europe is also likely to have the major market shares but stable failure in birth rate in this region is expected to lower the growth in the European market.
Consumer preference towards organic products to drive the growth in the Global Infant Nutrition Market in the next 6 years
Infant nutrition is a substitute food for breast milk. Breast milk is extremely nutritious containing proteins, minerals, fats, vitamins, and carbohydrates for the development of babies. Though, for some reasons if mother is not able to produce breast milk or may not be able breastfeed the baby, infant nutrition products performance as a suitable substitute. A recent trend observed in the global infant nutrition market is for increasing consumer preference towards organic products such as organic cow milk powder and soya milk based products. Furthermore, high cost in production of infant nutrition products and the stable decline in birth rates in many developed economies are major challenging factors for this market. In some global studies, it has been observed that infant formula is not regulated in some countries. The government of China released harsher food safety standards. Further, the Chinese Food and Drug Administration (CFDA) reduced the number of permitted milk powder products by 1,400 to boost the bigger domestic brands in the country.
Nestle the global leader in infant nutrition and milk substitute products has decided to ventured in to nutritional breakfast cereal category in India with a new brand Ceregrow and with this the company has addressed the cereal-based foods category among children aged above two years which it was not presented earlier.