Global Infant Nutrition Market Size & Outlook, 2023-2030
Global infant nutrition market, 2018-2030 (US$M)
Related Markets
Global infant nutrition market highlights
- The global infant nutrition market generated a revenue of USD 365.7 million in 2023 and is expected to reach USD 611.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.6% by 2030.
- In terms of segment, infant milk formula accounted for a revenue of USD 142.4 million in 2023.
- Infant Milk Formula is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Norway is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 365.7 million |
| Market revenue in 2030 | USD 611.1 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Infant milk formula |
| Fastest growing segment | Infant Milk Formula |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infant Milk Formula, Baby Food, Follow-on-Milk, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 24.8% of the global infant nutrition market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Norway is the fastest growing regional market and is projected to reach USD 6.9 million by 2030.
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Infant Nutrition Market Scope
Infant Nutrition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Holle baby food | View profile | 1-10 | Riehen, Basel-Stadt, Switzerland, Europe | https://www.holle.ch/en/ |
| Perrigo Co PLC | View profile | 9140 | The Sharp Building, Hogan Place, Dublin, Ireland, D02 TY74 | https://www.perrigo.com |
| The Kraft Heinz Co | View profile | 36000 | One PPG Place, Pittsburgh, PA, United States, 15222 | https://www.kraftheinzcompany.com |
| Dana Inc | View profile | 42000 | 3939 Technology Drive, Maumee, OH, United States, 43537 | https://www.dana.com |
| Walgreens Boots Alliance Inc | View profile | 331000 | 108 Wilmot Road, Deerfield, IL, United States, 60015 | https://www.walgreensbootsalliance.com |
| China Mengniu Dairy Co Ltd | View profile | 46064 | 262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower, Hong Kong, Hong Kong, | https://www.mengniuir.com |
| The Hain Celestial Group Inc | View profile | 2837 | 4600 Sleepytime Drive, Co, Boulder, DE, United States, 80301 | https://www.hain.com |
| Danone SA | View profile | 88843 | 17, Boulevard Haussmann, Paris, France, 75009 | https://www.danone.com |
| Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Global infant nutrition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to infant nutrition market will help companies and investors design strategic landscapes.
Infant milk formula was the largest segment with a revenue share of 38.94% in 2023. Horizon Databook has segmented the Global infant nutrition market based on infant milk formula, baby food, follow-on-milk, other products covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Infant Nutrition Product Outlook (Revenue, USD Million, 2018-2030)
- Infant Milk Formula
- Follow-on-Milk
- Other Products
- Baby Food
- Global Infant Nutrition Form Outlook (Revenue, USD Million, 2018-2030)
- Solid
- Liquid
- Global Infant Nutrition Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Other Sales Channel
- Hypermarkets/Supermarkets
- Pharmacy/Medical Stores
- Specialty Stores
- Online Channels
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Target buyers of Global infant nutrition market databook
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Our clientele includes a mix of infant nutrition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global infant nutrition market , including forecasts for subscribers. This global databook contains high-level insights into Global infant nutrition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global infant nutrition market report size, by regions, 2018-2030 (US$M)
Top 10 countries: Infant nutrition market report size, 2023 (US$M)
Global infant nutrition market report share, by product, 2023 & 2030 (%, US$M)
Infant nutrition market: Opportunity assessment by country
Global infant nutrition market, by region, 2023 (US$M)
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