Infant Nutrition Market to Reach $61.6 Bn, Globally, by 2026 at 7.7% CAGR

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The consumer electronics segment to dominate during the estimated period-

Based on distribution channel, the hypermarket/supermarket segment accounted for around two-fifths of the global infant nutrition market share in 2018, and is anticipated to rule the roost during the study period. This is owing to the availability of broad range of consumer goods under a single roof, ample parking space and convenient operation timings.In addition, the increase in urbanization, rise in working class population, and competitive pricing augment the growth of the segment. On the other hand, the online segment is anticipated to manifest the fastest CAGR of 10.2% from 2019 to 2026.The increase in penetration of various online portals in developing regions and the rise in number of offers and discounts have augmented the growth of the segment.

Asia-Pacific to dominate in terms of revenue, North America to grow significantly-

Based on region, Asia-Pacific held the largest share in 2018, garnering more than two-fifths of the global infant nutrition market, owing to increase in purchasing power of population in the Asia-Pacific region. On the other hand,the LAMEA region is projected to manifest the fastest CAGR of 10.6% by 2026. Increase in human immunodeficiency virus (HIV) in breastfeeding women, and expansion of infant food business in LAMEA region have propelled the growth of the market. Moreover, North America, is anticipated to manifest the CAGR of 6.0% by 2026.

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Frontrunners in the industry-

• Arla Foods Amba
• Campbell Soups
• Dana Dairy Group Ltd
• Abbott
• Danone
• Nestle S.A.
• Reckitt Benckise (Mead Johnson & Company LLC)
• Perrigo Company Plc
• Heinz Baby
• Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)

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