- Baby Juice
- Infant Formula
- Specialty Baby Milk
- Follow-on Milk
- Infant Milk
- Growing-Up Milk
- Infant Electrolyte
Baby Drinks Market expected to grow around 10.0% Compound Annual Growth Rate (CAGR) over 2022 to 2028. Baby Drinks are the products such as infant formula, baby electrolyte, and baby juice that contain nutrients and vitamins help in development of baby. These are based on fruit juices and designed for consumption by children less than three years. Infant formula, a dried milk product is most commonly used for infants that contains similar nutrients present in natural breast milk. Although doctors advocate breastfeeding for infants, due to the similar nutrient content of infant formula, it can be used as a substitute. The rise in the number of female professionals is driving the industry. Furthermore, baby drinks market growth has been fueled by changes in lifestyle, an increase in the middle class population, and an increase in disposable income in rising nations such as India, China, and Indonesia, among others. Concerns about food safety and a fall in the worldwide birth rate, on the other hand, are projected to stifle market growth. Due to its vast population of children aged 0 to 4, Asia-Pacific is the greatest revenue contributor to the global market. The rise of the infant drinks industry has been spurred by increased female involvement in the labour force in countries such as China, India, South Korea, and Indonesia. Furthermore, the market has grown due to an increase in disposable money, a busy lifestyle, and a higher level of living in these regions. In terms of revenue, China topped the infant drinks market in 2016, with a 56.9% share in the Asia-Pacific region.
Fastest Growing Market
Increase in the women professionals in developed and developing countries is a key factor for the growth of baby drinks market. Moreover, rise in R&D expenditure for the development of newer products, increase in disposable income, active promotions for the baby drink products by market players, rise in awareness about child health, and diversified product offerings by the market players are expected to boost the baby drinks market. However, high cost of products, decrease in birth rate in developed countries, government schemes for the popularization of breastfeeding, and stringent regulations for food safety may restrain the growth of baby drinks market over the forecast years.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.