Probiotic Infant and Child Formula Market Forecast to 2028

Report Code : TIPRE00029529 | Region : Global | Industry : Food and Beverages | Published Date : 03/Aug/2022
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$ 11505.28 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 suitable to meet the average nutritional requirements of infants up to 12 months of age and children from 1 to 6 years of age. The formula is composed of various nutrients, including carbohydrates, fats, proteins, vitamins, and minerals, and is given for the baby's overall development. These formulas are usually made with cows' milk.

Most parents in Asia Pacific prefer home-cooked baby food compared to infant and child formulas for their infants and children. However, parents are shifting toward infant and child formulas owing to the time limitations for food preparation and increasing concerns about the nutritional value of home-cooked food. There is an increased participation of women in the workplace. To fulfil need for healthy and nutritious food for babies, working mothers are preferring probiotic infant and child formula.

Many children suffer from inappropriate infant and child feeding and a lack of nutritious complementary foods. According to the United Nations Children's Fund (UNICEF), in Latin America and the Caribbean, 187,000 children under the age of 5 die every year due to chronic malfunction and other reasons. Out of these children, 52% die in the first 28 days of life. Such a significant number of children dealing with malnutrition is expected to propel the growth of the probiotic infant and child formula market.

Manufacturers such as Abbott were forced to shut down in Sturgis, Michigan, due to contamination concerns. This baby formula shortage negatively affected the US probiotic infant and child formula market. In May 2022, Food and Drugs Administration (FDA) announced the steps to reduce the impact of the crisis by easing restrictions on the manufacturers. Manufacturers such as Nestle S.A. announced to provide nearly 1.3 million baby formula cans from different regions of the world. These steps taken by the government and private manufacturers are expected to help the probiotic infant and child formula market grow.

World Health Organization (WHO) recommends breastfeeding babies under six months of age alone; however, as infant formulas for babies contain similar nutrients, they are also increasingly being preferred by consumers for their babies. However, the falling fertility rate could hamper the growth of the probiotic infant and child formula market.

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). The growing-up formula (1-6 years) segment led the market in 2021, and it is expected to register a higher CAGR during the forecast period.

Based on geography, the probiotic infant and child formula 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. The increasing popularity of infant and child nutrition products in the region, growing urbanization, government and private sector initiatives to reduce malnutrition cases, and consumer spending are among the major factors driving the growth of Asia Pacific market.

The food & beverage industry faced unprecedented challenges owing to the onset of the COVID-19 pandemic. The shortage of raw materials and manpower, shutdown of factories, and other operational difficulties associated with COVID-19 safety protocols adversely affected the probiotic infant and child formula market. The lockdown measures heavily impacted the supply and production of the formula. However, during the COVID-19 pandemic, awareness about infant and child health increased, as infant and children are at a higher risk of infection , which propelled the demand for products that boost immunity. The successful implementation of mass vaccination drives in 2021 resulted in a rise in business activities. With economies reviving their operations, the demand for probiotic infant and child formula is expected to rise globally in the coming years, as key manufacturers have resumed their operations, along with restoring their normal production capacities.

Nestlé S.A.; HiPP GmbH & Company Vertrieb KG; Abbott Laboratories; Mead Johnson & Company, LLC.; and Bellamy's Organic are among the leading players in the probiotic infant and child formula market. These companies are adopting strategies, such as mergers and acquisitions and product launches, to expand their geographic presence and clientele.

The overall probiotic infant and child formula market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the probiotic infant and child formula market.

The List of Companies - Probiotic Infant and Child Formula Market

1. Nestlé S.A.

2. HiPP GmbH & Company Vertrieb KG

3. Abbott Laboratories

4. Mead Johnson & Company, LLC.

5. Bellamy's Organic

6. Aspen Pharmacare

7. Beech-Nut

8. Danone

9. The Hain Celestial Group, Inc.

10. Gerber

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

4. Probiotic Infant and Child Formula Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Suppliers

4.2.3 Bargaining Power of Buyers

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

5. Probiotic Infant and Child Formula Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Focus on Infant Care and Nutrition

5.1.2 Surge in Working Women Population

5.2 Market Restraints

5.2.1 Stringent Rules and Regulations Pertaining to Infant Formula

5.3 Market Opportunities

5.3.1 Rising Demand for Organic Infant Formula

5.4 Future Trends

5.4.1 Innovations in Probiotic Infant and Child Formula Market

5.5 Impact Analysis of Drivers and Restraints

6. Probiotic Infant and Child Formula – Global Market Analysis

6.1 Probiotic Infant and Child Formula Market Overview

6.2 Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

6.3 Competitive Positioning – Key Market Players

7. Probiotic Infant and Child Formula Market Analysis – by Type

7.1 Overview

7.2 Probiotic Infant and Child Formula Market, by Type (2021 and 2028)

7.3 Infant Formula (0-1 Year)

7.3.1 Overview

7.3.2 Infant Formula (0-1 Year): Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Growing-Up Formula (1-6 Years)

7.4.1 Overview

7.4.2 Growing-Up Formula (1-6 Year): Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

8. Probiotic Infant and Child Formula Market Analysis – by Distribution Channel

8.1 Overview

8.2 Probiotic Infant and Child Formula Market, by Distribution Channel (2021 and 2028)

8.3 Online

8.3.1 Overview

8.3.2 Online: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Offline

8.4.1 Overview

8.4.2 Offline: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

9. Probiotic Infant and Child Formula Market – Geographic Analysis

9.1 North America: Probiotic Infant and Child Formula Market

9.1.1 North America: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)

9.1.2 North America: Probiotic Infant and Child Formula Market, by Type

9.1.3 North America: Probiotic Infant and Child Formula Market, by Distribution Channel

9.1.4 North America: Probiotic Infant and Child Formula Market, by Key Country

9.1.4.1 US: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)

9.1.4.1.1 US: Probiotic Infant and Child Formula Market, by Type

9.1.4.1.2 US: Probiotic Infant and Child Formula Market, by Distribution Channel

9.1.4.2 Canada: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)

9.1.4.2.1 Canada: Probiotic Infant and Child Formula Market, by Type

9.1.4.2.2 Canada: Probiotic Infant and Child Formula Market, by Distribution Channel

9.1.4.3 Mexico: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)

9.1.4.3.1 Mexico: Probiotic Infant and Child Formula Market, by Type

9.1.4.3.2 Mexico: Probiotic Infant and Child Formula Market, by Distribution Channel

9.2 Europe: Probiotic Infant and Child Formula Market

9.2.1 Europe: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 Europe: Probiotic Infant and Child Formula Market, By Type

9.2.3 Europe: Probiotic Infant and Child Formula Market, by Distribution Channel

9.2.4 Europe: Probiotic Infant and Child Formula Market, by Key Country

9.2.4.1 Germany: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 Germany: Probiotic Infant and Child Formula Market, By Type

9.2.4.1.2 Germany: Probiotic Infant and Child Formula Market, by Distribution Channel

9.2.4.2 France: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 France: Probiotic Infant and Child Formula Market, By Type

9.2.4.2.2 France: Probiotic Infant and Child Formula Market, by Distribution Channel

9.2.4.3 UK: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 UK: Probiotic Infant and Child Formula Market, By Type

9.2.4.3.2 UK: Probiotic Infant and Child Formula Market, by Distribution Channel

9.2.4.4 Italy: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.4.1 Italy: Probiotic Infant and Child Formula Market, By Type

9.2.4.4.2 Italy: Probiotic Infant and Child Formula Market, by Distribution Channel

9.2.4.5 Russia: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.5.1 Russia: Probiotic Infant and Child Formula Market, By Type

9.2.4.5.2 Russia: Probiotic Infant and Child Formula Market, by Distribution Channel

9.2.4.6 Rest of Europe: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.6.1 Rest of Europe: Probiotic Infant and Child Formula Market, By Type

9.2.4.6.2 Rest of Europe: Probiotic Infant and Child Formula Market, by Distribution Channel

9.3 Asia Pacific: Probiotic Infant and Child Formula Market

9.3.1 Asia Pacific: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.3.2 Asia Pacific: Probiotic Infant and Child Formula Market, By Type

9.3.3 Asia Pacific: Probiotic Infant and Child Formula Market, by Distribution Channel

9.3.4 Asia Pacific: Probiotic Infant and Child Formula Market, by Key Country

9.3.4.1 Australia: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Australia: Probiotic Infant and Child Formula Market, By Type

9.3.4.1.2 Australia: Probiotic Infant and Child Formula Market, by Distribution Channel

9.3.4.2 China: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 China: Probiotic Infant and Child Formula Market, By Type

9.3.4.2.2 China: Probiotic Infant and Child Formula Market, by Distribution Channel

9.3.4.3 Japan: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Japan: Probiotic Infant and Child Formula Market, By Type

9.3.4.3.2 Japan: Probiotic Infant and Child Formula Market, by Distribution Channel

9.3.4.4 New Zealand: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 New Zealand: Probiotic Infant and Child Formula Market, by Type

9.3.4.4.2 New Zealand: Probiotic Infant and Child Formula Market, by Distribution Channel

9.3.4.5 Rest of Asia Pacific: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Rest of Asia Pacific: Probiotic Infant and Child Formula Market, By Type

9.3.4.5.2 Rest of Asia Pacific: Probiotic Infant and Child Formula Market, by Distribution Channel

9.4 Rest of the World: Probiotic Infant and Child Formula Market

9.4.1 Rest of the World: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.4.2 Rest of the World: Probiotic Infant and Child Formula Market, By Type

9.4.3 Rest of the World: Probiotic Infant and Child Formula Market, by Distribution Channel

9.4.4 Rest of the World: Probiotic Infant and Child Formula Market, by Key Country

9.4.4.1 Middle East & Africa: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 Middle East & Africa: Probiotic Infant and Child Formula Market, By Type

9.4.4.1.2 Middle East & Africa: Probiotic Infant and Child Formula Market, by Distribution Channel

9.4.4.2 South and Central America: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 South and Central America: Probiotic Infant and Child Formula Market, By Type

9.4.4.2.2 South and Central America: Probiotic Infant and Child Formula Market, by Distribution Channel

10. Impact of COVID-19

10.1 Overview – Impact of COVID-19

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.5 Rest of the World: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 New Product Development

12. Company Profiles

12.1 Nestlé S.A.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 HiPP GmbH & Company Vertrieb KG

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Abbott Laboratories

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Mead Johnson & Company, LLC.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Bellamy's Organic

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Probiotic Infant and Child Formula Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 4. US Probiotic Infant and Child Formula Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. US Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 6. Canada: Probiotic Infant and Child Formula Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8. Mexico Probiotic Infant and Child Formula Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Mexico Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 10. Europe: Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Europe: Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 12. Germany Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Germany Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 14. France Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. France Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 16. UK Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. UK Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 18. Italy Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 19. Italy Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 20. Russia Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. Russia Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 22. Rest of Europe Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 23. Rest of Europe Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 24. Asia Pacific Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 25. Asia Pacific: Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 26. Australia Probiotic Infant and Child Formula Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 27. Australia Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 28. China Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 29. China Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 30. Japan Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 31. Japan Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 32. New Zealand Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 33. New Zealand Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 34. Rest of Asia Pacific Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 35. Rest of Asia Pacific Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 36. Rest of the World Probiotic Infant and Child Formula Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 37. Rest of the World: Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 38. Middle East & Africa Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 39. Middle East & Africa Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 40. South and Central America Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)

Table 41. South and Central America Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 42. List of Abbreviation

The List of Companies - Probiotic Infant and Child Formula Market

1. Nestlé S.A.

2. HiPP GmbH & Company Vertrieb KG

3. Abbott Laboratories

4. Mead Johnson & Company, LLC.

5. Bellamy's Organic

6. Aspen Pharmacare

7. Beech-Nut

8. Danone

9. The Hain Celestial Group, Inc.

10. Gerber

Reason To Buy

● Progressive industry trends in the biostimulants market to help players develop effective long-term strategies

● Business growth strategies adopted by developed and developing markets

● Quantitative analysis of the biostimulants market from 2021 to 2028

● Estimation of the demand for biostimulants across various industries

● Porters Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth

● Recent developments to understand the competitive market scenario and the demand for biostimulants compounds in the global scenario.

● Market trends and outlook coupled with factors driving and restraining the growth of the biostimulants market.

● Decision-making process by understanding strategies that underpin commercial interest concerning the biostimulants market growth

● The biostimulants market size at various nodes of market

● Detailed overview and segmentation of the biostimulants market as well as its dynamics in the industry

● The biostimulants market size in different regions with promising growth opportunities

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