PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358087
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358087
Indonesia infant nutrition market is projected to surpass US$ 15.4 Bn by the end of 2030 and exhibit a CAGR of 7.9% during the forecast period (2023 to 2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 8.4 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 7.90% | 2030 Value Projection: | US$ 15.4 Bn |
Infant nutrition product market is broadly classified as baby food and infant formula. Infant nutrition refers to the dietary requirements of infants. A diet that is deficient in essential calories, minerals, vitamins, or fluids is deemed insufficient. When compared to infant formula, breast milk provides the best nutrition during the crucial early months of growth. Infant nutrition necessitates the provision of essential nutrients that promote normal growth, development, and resistance to infections and diseases.
The increasing number of campaigns organized by the government in association with private infant nutrition product manufacturers to increase awareness about the importance of nutrition for babies is projected to boost demand for infant nutrition products in Indonesia. For instance, the Global Alliance for Improved Nutrition (GAIN), in collaboration with the Directorate of Community Nutrition, Ministry of Health Indonesia, is engaged in a project to increase the sustainable improvement of Maternal, Infant, and Young Child Nutrition (MIYCN) in East Java, Indonesia. Under this project, the Behavioral Change Intervention (BCI) will be implemented in East Java aims to improve the nutritional intake of children aged 24 months and below from low-income families by providing them with baby food products.
The demand for convenient baby food has increased among consumers as a result of growing awareness about the complete nutritional needs of growing babies, which are met by infant nutrition. Furthermore, rising urbanization in Indonesia, combined with an increase in the number of women in the workforce, is expected to propel infant nutrition market growth.
According to the World Bank, Indonesia is the fourth-largest populous country in the world; however, the birth rate of the country is declining.
Indonesia Infant Nutrition Market Detailed Segmentation: