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The Infant Nutrition Market is segmented by Product (Infant Formula and Baby Food) and Geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America).
Fastest Growing Market:
The infant nutrition market is estimated to witness a CAGR of 5.9% during the forecast period (2020 - 2025). There are certain factors propelling the growth of the market, which include an increase in working mother population, higher spending on baby health, and the rising demand for organic baby food.
Currently, parents spend more on their babies than in the previous years, owing to several social factors. Presently, children are deemed more worthy of protection than they used to be. According to many surveys, parents spend a high amount of money on their babies, sometimes out of guilt, out of shame, or out of social anxiety.
Over recent years, there has been a healthy growth observed in the number of young working mothers in different jobs. This factor worked as a primary factor in propelling the growth of the infant food nutrition market, as these working mothers are majorly dependent on processed infant nutrition products. Therefore, organic food has been observed as one of the fastest-growing sectors in the food industry. Overall, it has experienced double-digit growth in most developed markets, compared with a single-digit growth rate for conventional food products. The global demand is increasing, owing to factors, like the desire of parents to feed their babies healthier foods.
Additionally, factors, like the growth of the middle class, rapid urbanization, and rising rates of female participation in the labor force in many developing markets, have encouraged the adoption of convenience-oriented lifestyles, making prepared baby foods and baby formula more desirable. The increasing middle-class population in the emerging and developing countries has opened new horizons in the infant nutrition market, as the need for products, compatible with a working mom’s schedule, is growing. Therefore, these factors boost the growth of the infant nutrition market.
Infant nutrition is a substitute for breast milk. The initial six months after birth play a crucial role in the development of a child, wherein ensuring optimal nutrition during this period is of paramount importance. Breast milk is highly nutritious and contains carbohydrates, proteins, fats, minerals, and vitamins that are imperative for the child's development. However, in some instances, the mother may not be able to produce breast milk or may not be able to breastfeed the baby due to other reasons. In such cases, infant nutrition products act as a suitable substitute.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Working Mothers' Population
4.2.2 Higher Spending on Infants' Health
4.2.3 Rising Demand for Organic Baby Food
4.3 Market Restraints
4.3.1 Concerns Regarding Food Safety
4.3.2 Stringent Regulation for Infant Food
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Infant Formula
22.214.171.124 First Infant Formula
126.96.36.199 Follow-on Formula
188.8.131.52 Growing-up Formula
184.108.40.206 Specialty Baby Formula
5.1.2 Baby Food
220.127.116.11 Prepared Food
18.104.22.168 Dried Food
22.214.171.124 Other Baby Foods
5.2 By Geography
5.2.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.2.3 Asia Pacific
220.127.116.11 South Korea
18.104.22.168 Rest of Asia Pacific
5.2.4 Middle-East and Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East and Africa
5.2.5 South America
188.8.131.52 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 Baby Gourmet Foods Inc.
6.1.3 Bellamy's Australia Limited
6.1.4 Danone SA
6.1.5 Royal FrieslandCampina NV
6.1.6 Reckitt Benckiser (Mead Johnson)
6.1.7 Nestlé SA
6.1.8 Perrigo Company PLC
6.1.9 Parent's Choice Infant Formula
6.1.10 The Kraft Heinz Company
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments