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(ARABNEWSWIRE.COM, March 28, 2018 ) The report " Infant Nutrition Market by Product type(follow-on milk formula, Starting milk formula , special milk formula and Toddlers milk formula), by Distribution channel(speciality outlets, online, supermarkets , chemist/pharmacist/Drugstone and others)and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts(2016–2021).", the global Infant Nutrition Market was worth nearly USD 47.4 Billion in 2016 and is forecast to grow with a CAGR of 7.3 % till 2021. The realisation that an infant’s future medical wellness is largely dependent on the nutrition received in infant stage is the main reason for the development of the market.
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Based on Product Type, new types to hit the markets till 2021
As per the classification by product type, the global market can be segregated into Starting milk formula, follow-on milk formula, special milk formula and Toddlers milk formula. The main reason behind the new inventions is the convenience in their use. With the increasing demand for easy to use baby products, many new kinds of nutritional baby products are predicted to enter the global market in the forecast period.
Online distribution channels to see a high growth rate in recent future
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According to categorization by distribution channel, the global market is classified as speciality outlets, supermarkets, online, chemist/pharmacist/Drug stone and other channels. With the preference increasing for nutrition products for infants worldwide because of various reasons rendering breastfeeding insufficient nutritionally. Online channels of distribution are predicted to have a high growth rate owing to the convenience it brings.
Europe to lead the global market share till 2021
As per categorization by geography, the global Market is analysed under North America, Asia-Pacific, Latin America, Europe and the Middle East and Africa regions. Europe provides the biggest market for Infant Nutrition globally. Because of the increasing birth rate in developing countries like India and China, the Asia Pacific region portrays a very high growth rate in the future.
Major players in the global Infant Nutrition Market Groupe Danone, Nestlé S.A., Abbott Nutrition, The Kraft Heinz Company, Mead Johnson Nutrition, Meiji Holdings Co. Ltd, Synutra International, Inc., Beingmate Baby & Child Food Co. Ltd Pfizer Inc. and FrieslandCampina.
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