The Latin America, Middle East and Africa Infant Nutrition Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 184.6 Kilo Tonnes, showcasing a growth of 11.5% (2023-2030).
Numerous companies have increased the nutritional value of their infant food products by incorporating organic and beneficial ingredients. In addition, the government launched awareness-raising programs for infant care. Also, increased internet advertising for infant food-related products expands the market. In many developing and developed industries, an increase in urbanization, a rise in middle-class consumption, and an increase in female labor force participation led to the adoption of convenience-oriented lifestyles and a boost in consumer demand for infant nutrition products like baby formula and prepared baby food.
In addition, the per capita income in emerging countries will increase considerably over the next ten years, likely causing the market to grow in the upcoming year. Mother's milk is the finest source of nutrients for infants up until the age of six months. Moreover, many women commence their careers shortly after giving birth. As a result, prepared baby foods and formulas are an attractive option for working mothers, satisfying their demand for nutritious food for their newborns.
LAMEA has a growing population, with many infants and young children. This demographic trend provides a substantial consumer base for infant nutrition products. Economic development and income levels vary widely across LAMEA countries. Some countries have rapidly growing economies with a rising middle class, while others face economic challenges. Economic factors can influence consumer purchasing power and preferences. Consumer awareness of the importance of infant nutrition for healthy child development is increasing in many LAMEA countries. Like many other countries, the UAE has seen a growth in the need for baby food products due to changing demographics, urbanization, and evolving consumer preferences. All of these factors are promoting the expansion of the market across the region.
The Brazil market dominated the LAMEA Infant Nutrition Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,275.9 million by 2030. The Argentina market is registering a CAGR of 10.3% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 9.4% during (2023 - 2030).
Based on Form, the market is segmented into Solid, and Liquid. Based on Distribution Channel, the market is segmented into Offline channel (Hypermarkets/Supermarkets, Convenience Stores, Pharmacy, and Others), and E-Commerce. Based on Product Type, the market is segmented into Infant Milk, Follow-on Milk, Dried Baby Food, Prepared Baby Food, and Specialty Baby Milk. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Infant Nutrition Market is Projected to reach USD 89.7 Billion by 2030, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Reckitt Benckiser Group PLC, Perrigo Company PLC, Nestle S.A, Danone, S.A., Abbott Laboratories, The Kraft Heinz Company, Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.), Arla Foods, Inc., DANA Dairy Group Ltd. and Sun-Maid Growers of California.
By Form (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Product Type (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
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