Probiotic Infant and Child Formula Market Dynamics and Trends by 2028
Historic Data: 2020-2021 | Base Year: 2022 | Forecast Period: 2023-2028Probiotic 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)
- Report Date : Aug 2022
- Report Code : TIPRE00029529
- Category : Consumer Goods
- Status : Published
- Available Report Formats :
- No. of Pages : 109
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.
Probiotic infant and child formula is an engineered food that can be used as an alternative to human breast milk. These formulas are one of the most complex foods as it requires sophisticated quality assurance protocols and specific manufacturing capabilities. The probiotic infant and child formula market is witnessing significant growth owing to the rising population. Additionally, the increasing disposable income of people in Asia Pacific encouraged the acceptance of probiotic infant and child formula. Also, rapid urbanization and the growth of the middle class have propelled the market growth. The increasing population of young working mothers has bolstered the demand for probiotic infant and child formula, as they are majorly dependent on infant and child nutrition products.
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Probiotic Infant and Child Formula Market: Strategic Insights
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Probiotic Infant and Child Formula Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
According to an estimate by US Census Bureau, the population of children under the age of five is approx. 24.8 million in 2022 and is expected to grow to 25.2 million by 2030. Therefore, the rising population of children below age 6 is expected to boost the demand for probiotic infant and child formula.
Market Insights
Increasing Population of Working Women Drives Probiotic Infant and Child Formula Market Growth
Various women return to their jobs quickly after delivery. Therefore, product, such as infant formula, is ideal for working women as it is easy to prepare and consumes lesser time. Moreover, infant formula has various nutrient values, like human breast milk, which augments its adoption across consumers. Therefore, the rising population of working women is a significant factor propelling the demand for probiotic infant and child formula. China is one of the biggest markets for probiotic infant and child formula. China scrapped its decades-old one-child policy in 2016 2016. The Chinese government made an announcement in May 2021, allowing couples to have up to three children after census data showed a sharp decline in birth rates. This surge in births is expected to lead to the growth in demand for probiotic infant and child formula. There has been a paradigm shift in consumers' buying behavior toward infant formula, with parents showing a preference for premium and ultra-premium infant formulas over conventional formulas. This trend is expected to continue and propel the growth of the probiotic infant and child formula market.
Type Insights
Based on type, the probiotic infant and child formula market is segmented into infant formula (0-1 year) and growing-up formula (1-6 years). In 2021, the growing-up formula (1-6 Years) segment dominated 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 operating in the probiotic infant and child formula market. The leading players adopt several strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer base.
Probiotic Infant and Child Formula Market Regional Insights
The regional trends and factors influencing the Probiotic Infant and Child Formula Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Probiotic Infant and Child Formula Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Probiotic Infant and Child Formula Market
Probiotic Infant and Child Formula Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 11.51 Billion |
| Market Size by 2028 | US$ 25.41 Billion |
| Global CAGR (2022 - 2028) | 14.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Probiotic Infant and Child Formula Market Players Density: Understanding Its Impact on Business Dynamics
The Probiotic Infant and Child Formula Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Probiotic Infant and Child Formula Market are:
- Nestlé S.A.
- HiPP GmbH & Company Vertrieb KG
- Abbott Laboratories
- Mead Johnson & Company, LLC.
- Bellamy's Organic
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Probiotic Infant and Child Formula Market top key players overview
Report Spotlights
- Progressive trends in the probiotic infant and child formula industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global probiotic infant and child formula market from 2021 to 2028
- Estimation of the demand for probiotic infant and child formula across various industries
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the probiotic infant and child formula industry
- Recent developments to understand the competitive market scenario and the demand for probiotic infant and child formula
- Market trends and outlook coupled with factors governing the growth of the probiotic infant and child formula market
- Understanding regarding the strategies that underpin commercial interest with regard to the market growth, aiding in the decision-making process
- Probiotic infant and child formula market size at various nodes of market
- Detailed overview and segmentation of the market as well as its industry dynamics
- Probiotic infant and child formula market size in various regions with promising growth opportunities
The "Probiotic Infant and Child Formula Analysis to 2028" is a specialized and in-depth study of the food & beverage industry, focusing on the 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. Based on type, the market 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. In 2021, Asia Pacific dominated the probiotic infant and child formula market 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 formula.
Frequently Asked Questions
What are the trends for the global probiotic infant and child formula market?
Innovations in the probiotic infant and child formula market are the key trend for the global probiotic infant and child formula market. The probiotic infant and child formula is gaining intense competition in the global probiotic infant and child formula market is driving the focus toward product innovation.
Which type segment is the fastest growing in the probiotic infant and child formula globally?
Based on the type segment, growing-up formula (1-6 Years) was the fastest-growing segment in 2021. The growing up formula is a milk-based formula that is developed for children that are 1 year and 6 years of age. While it is not used as a meal replacement but as additional nutrition for children.
Based on the distribution channel, which segment led the global probiotic infant and child formula market in 2021?
Based on the distribution channel, the online segment led the global probiotic infant and child formula market in 2021. Online retail is one of the fastest-growing distribution channels due to its shopping and product delivery convenience. Online retail stores offer a wide variety of products with heavy discounts; also, consumers can conveniently buy desirable products remotely.
What are the drivers for the growth of the global probiotic infant and child formula market?
Growing focus on infant care and nutrition and surge in the working women population is driving the probiotic infant and child formula industry. There has been substantial growth in the young working mother population. This has worked as a critical factor in propelling the growth of the probiotic infant formula market, as these working mothers are majorly dependent on processed infant nutrition products.
Can you list some major players operating in the global probiotic infant and child formula market?
The major players operating in the global probiotic infant and child formula market are Nestlé S.A.; HiPP GmbH & Company Vertrieb KG; Abbott Laboratories; Mead Johnson & Company, LLC.; Bellamy's Organic
In 2020, which region was held the largest share of the global probiotic infant and child formula market?
In 2020, Asia Pacific accounted for the largest share of the global probiotic infant and child formula market. The region is expected to exhibit significant growth during the forecast period due to increased purchases by new mothers on nutritious food for a child, accompanied by increasing people's purchasing capacity in this Asia Pacific region.
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - Probiotic Infant and Child Formula Market
- Nestlé S.A.
- HiPP GmbH & Company Vertrieb KG
- Abbott Laboratories
- Mead Johnson & Company, LLC.
- Bellamy's Organic
- Aspen Pharmacare
- Beech-Nut
- Danone
- The Hain Celestial Group, Inc.
- Gerber
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