Surge in Working Women Population
Breastmilk is the ideal food for infants as it is safe, clean, and contains antibodies that help protect against many common childhood illnesses. Breastmilk provides the child with all the energy and nutrients that are required for the first few months after birth, and it continues to provide up to half or more of a child’s nutritional needs. According to various surveys and reports, breastfeeding is declining for various reasons, including women's participation in the labor force. Similarly, another survey of 500 mothers was conducted in Canada, where 20% of the women stopped breastfeeding after returning to work. Thus, the increased participation of women in the labor force is reducing breastfeeding and is driving the demand for probiotic infant and child formulas. According to the CDC, 17% of babies are supplemented with formula during the first two days of life, and ~35% of babies older than 6 months are fed breastmilk and formula. Thus, the rise in the number of women participating in the labor force is driving the growth of the North America probiotic infant and child formula market.
Market Overview
North America is one of the biggest regional probiotic infant and child formula markets across the region. Probiotic infant and child formula is composed of various nutrients, including carbohydrates, fats, proteins, vitamins, and minerals, and is given for the baby's overall development. These products are specifically designed for infants below one year of age and children under six years of age. According to an estimate by US Census Bureau, in the US, the population of children under the age of five was ~24.8 million in 2022 and is expected to grow to 25.2 million by 2030. The rising number of births propels the demand for probiotic infant and child formulas in North America.
North America Probiotic Infant and Child Formula Market Segmentation
The North America probiotic infant and child formula market is segmented into type, distribution channel, and country.
Based on type, the market is segmented into infant formula (0-1 year) and growing-up formula (1-6 years). The growing-up formula (1-6 years) segment registered the larger market share in 2022. Based on distribution channel , the market is segmented into online and offline. The offline segment held the larger market share in 2022. Based on country, the market is segmented into US , Canada and Mexico. Russia dominated the market share in 2022. Nestlé S.A. ; HiPP GmbH & Company Vertrieb KG ; Abbott Laboratories and Mead Johnson & Company, LLC are the leading companies operating in the probiotic infant and child formula in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,056.37 Million |
| Market Size by 2028 | US$ 2,305.41 Million |
| CAGR (2022 - 2028) | 13.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Probiotic Infant and Child Formula Market is valued at US$ 1,056.37 Million in 2022, it is projected to reach US$ 2,305.41 Million by 2028.
As per our report North America Probiotic Infant and Child Formula Market, the market size is valued at US$ 1,056.37 Million in 2022, projecting it to reach US$ 2,305.41 Million by 2028. This translates to a CAGR of approximately 13.9% during the forecast period.
The North America Probiotic Infant and Child Formula Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Probiotic Infant and Child Formula Market report:
The North America Probiotic Infant and Child Formula Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Probiotic Infant and Child Formula Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Probiotic Infant and Child Formula Market value chain can benefit from the information contained in a comprehensive market report.
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