Infant Nutrition Demand, Overview And Outlook
The global Infant Nutrition Market size was valued at $34.2 billion in 2018, and is projected to reach $61.6 billion by 2026, registering a CAGR of 7.7% from 2019 to 2026. The most significant factor that influences a child growth and development is nutrition. Infant nutrition are produced for feeding babies and infants, which are usually under 12 month of age and also it is prepared from liquid or powder. Infant nutrition facilitates healthy growth and development of babies, improves cognitive performance and development, prevents them from allergies, and increases gastrointestinal health & immunity.
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Key Players Included
The key players operating in the infant nutrition industry include Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckise (Mead Johnson & Company LLC), Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).
Key findings of the Infant Nutrition:
Based on product type, the infant milk segment dominates the global infant nutrition market in 2018, and is expected to retain its dominance throughout the forecast period.
Depending on form, the solid segment accounted for highest share in the infant nutrition market growth in 2018, and is projected to grow at a CAGR of 7.5% from 2019 to 2026.
By distribution channel, the pharmacy segment was the major shareholder in 2018, and is projected to register a CAGR of 8.1% from 2019 to 2026.
Region wise, Asia-Pacific accounted for about 44.2% infant nutrition market share in 2018, and is expected to grow at a CAGR of 8.2%.
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