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North America Probiotic Infant and Child Formula Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Type (Infant Formula (0-1 Year), and Growing-Up Formula (1-6 Years)), and Distribution Channel (Online, and Offline)
Market Report I 2022-11-11 I 73 Pages I The Insight Partners
The probiotic infant and child formula in North America is expected to grow from US$ 1,056.37 million in 2022 to US$ 2,305.41 million by 2028. It is estimated to grow at a CAGR of 13.9% from 2022 to 2028.
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 Revenue and Forecast to 2028 (US$ Million)
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. Nestle 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.
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. North America 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. North America 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 - North America Market Analysis
6.1 North America Probiotic Infant and Child Formula Market Overview
6.2 Probiotic Infant and Child Formula Market -Revenue and Forecast to 2028 (US$ Million)
7. North America Probiotic Infant and Child Formula Market Analysis - by Type
7.1 Overview
7.2 North America 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 North America 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 North America Growing-Up Formula (1-6 Year): Probiotic Infant and Child Formula Market - Revenue and Forecast to 2028 (US$ Million)
8. North America Probiotic Infant and Child Formula Market Analysis - by Distribution Channel
8.1 Overview
8.2 North America Probiotic Infant and Child Formula Market, by Distribution Channel (2021 and 2028)
8.3 Online
8.3.1 Overview
8.3.2 North America Online: Probiotic Infant and Child Formula Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Offline
8.4.1 Overview
8.4.2 North America Offline: Probiotic Infant and Child Formula Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Probiotic Infant and Child Formula Market - Country 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 Key Country
9.1.2.1 US: Probiotic Infant and Child Formula Market-Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 US: Probiotic Infant and Child Formula Market, by Type
9.1.2.1.2 US: Probiotic Infant and Child Formula Market, by Distribution Channel
9.1.2.2 Canada: Probiotic Infant and Child Formula Market-Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Canada: Probiotic Infant and Child Formula Market, by Type
9.1.2.2.2 Canada: Probiotic Infant and Child Formula Market, by Distribution Channel
9.1.2.3 Mexico: Probiotic Infant and Child Formula Market-Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Mexico: Probiotic Infant and Child Formula Market, by Type
9.1.2.3.2 Mexico: Probiotic Infant and Child Formula Market, by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 New Product Development
11. Company Profiles
11.1 Nestle S.A.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 HiPP GmbH & Company Vertrieb KG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Abbott Laboratories
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Mead Johnson & Company, LLC.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Bellamy's Organic
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 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. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Probiotic Infant and Child Formula Market Segmentation
Figure 2. North America Probiotic Infant and Child Formula Market Segmentation - By Country
Figure 3. North America Probiotic Infant and Child Formula Market Overview
Figure 4. North America Probiotic Infant and Child Formula Market: By Type
Figure 5. North America Probiotic Infant and Child Formula Market: By Country
Figure 6. Porter's Five Forces Analysis: Probiotic Infant and Child Formula Market
Figure 7. North America Expert Opinion
Figure 8. North America Probiotic Infant and Child Formula Market Impact Analysis of Drivers and Restraints
Figure 9. North America: Probiotic Infant and Child Formula Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America: Probiotic Infant and Child Formula Market Revenue Share, by Type (2021 and 2028)
Figure 11. North America Infant Formula (0-1 Year): Probiotic Infant and Child Formula Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Growing-Up Formula (1-6 Year): Probiotic Infant and Child Formula Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America: Probiotic Infant and Child Formula Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 14. North America Online: Probiotic Infant and Child Formula Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Offline: Probiotic Infant and Child Formula Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America: Probiotic Infant and Child Formula Market- Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America: Probiotic Infant and Child Formula Market Revenue Share, by Key Country (2021 and 2028)
Figure 18. US: Probiotic Infant and Child Formula Market-Revenue and Forecast to 2028 (US$ Million)
Figure 19. Canada: Probiotic Infant and Child Formula Market-Revenue and Forecast to 2028 (US$ Million)
Figure 20. Mexico: Probiotic Infant and Child Formula Market-Revenue and Forecast to 2028 (US$ Million)
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