Growing Focus on Infant Care and Increasing Population of Working Women Drive Probiotic Infant and Child Formula Market Growth
According to our latest market study on "Probiotic Infant and Child Formula Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type [Infant Formula (0–1 Year) and Growing Up Formula (1-6 Years)] and Distribution Channel (Online and Offline)," the probiotic infant and child formula market is expected to grow from US$ 11,505.28 million in 2022 to US$ 25,412.41 million by 2028; it is estimated to grow at a CAGR of 14.1% from 2022 to 2028. The report highlights key factors driving the market growth and prominent players and their key developments in the market.
Infant and child formula are manufactured foods that mimic human milk and provide necessary nutrition. Infant formulas are intended to feed babies under the age of 12 months and can safely used to replace breastfeeding completely or partially. Child formula or growing up formula are developed for children from 1 to 6 years of age.
Infant and child formula provides vitamins and nutrients essential for the growth of infant and child during an important period of child development. The availability of the formula products are developed for specific age groups and the nutrition available in these products varies according to the age. The infant and child formula is available in powder form that can be mixed with water or in a ready-to-drink liquid form. Thus, increasing awareness regarding the benefits and nutritive value of the formula is propelling the growth of the probiotic infant and child formula market. Moreover, women's participation in the labor force has increased in recent years. Infant formula and growing-up formula are considered as an alternative to breastfeeding milk, fulfilling the need for healthy and nutritious food for babies of working women. Moreover, changes in lifestyle; rise in middle-class population; growth in disposable income in emerging economies such as India, China, and Indonesia; and a surge in awareness about high nutritional content in the probiotic infant and child formula are propelling the market growth. Increased preference for organic and ready-to-eat products is also driving the market.
Nestlé S.A.; HiPP GmbH & Company Vertrieb KG; Abbott Laboratories; Mead Johnson & Company, LLC.; and Bellamy's Organic are among the key players holding the majority of the probiotic infant and child formula market share.
Impact of COVID-19 Pandemic on Probiotic Infant and Child Formula Market
The COVID-19 pandemic hampered the global food & beverage industry due to the shutdown of manufacturing facilities, challenges in procuring raw materials and components, and restrictions on logistic operations. Disruptions in the supply of raw materials to manufacturers and containment measures disrupted the probiotic infant and child formula production. The discontinuation of operations and value chains due to the shutdown and closure of national and international boundaries hampered the growth of the food & beverage industry. However, during the pandemic, the demand for probiotic infant and child formulas was increasing due to the awareness about the health benefits of these formulas to infants and children. Moreover, the revival of the economy and the reopening of the manufacturing units led to restoring the production capacity of probiotic infant and child formula, which is positively impacting the probiotic infant and child formula market growth.
Probiotic Infant and Child Formula Market, by Region, 2021
Probiotic Infant and Child Formula Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type [Infant Formula (0–1 Year) and Growing Up Formula (1–6 Years)] and Distribution Channel (Online and Offline)
Probiotic Infant and Child Formula Market Size Forecast to 2028
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The "Probiotic Infant and Child Formula Market Analysis to 2028" is a specialized and in-depth study of the food & beverage industry, focusing on market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The probiotic infant and child formula market is segmented on the basis of type, distribution channel, and geography. The market, by type, is segmented into infant formula (0-1 year) and growing-up formula (1-6 years). Based on distribution, the probiotic infant and child formula market is segmented into online and offline. Based on geography, the market is segmented into four main regions North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific dominated the market in 2021 and is expected to register the highest CAGR in the market during the forecast period. Factors such as increasing awareness about nutritional needs and the growing birth rate in Asia Pacific propelled the demand for probiotic infant and child formulas.
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