Global Baby Food And Infant Formula Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 33.30 Billion |
 Market Size (Forecast Year) |
USD 50.34 Billion |
 CAGR |
% |
| Major Markets Players |
Global Baby Food and Infant Formula Market, By Type (Infant Milk, Follow-on-Milk, Specialty Baby Milk, Growing-up Milk), Ingredient (Carbohydrate, Fat, Protein, Minerals, Vitamins, Others), Packaging Type (Bottles, Cans, Pouches, Others), Distribution Channel (Hypermarkets, Supermarkets, Pharmacy/Medical Stores, Specialty Stores, Hard Discounter Stores, Others) – Industry Trends and Forecast to 2029.
Baby Food and Infant Formula Market Analysis and Size
In terms of infant nutrition, parents expect the highest levels of safety and quality. Products are constantly being reformulated by key market players to make them more appealing to parents and infants. The growing working-women population and the organised retail market, particularly in developing economies, are expected to drive market growth over the forecast period.
Data Bridge Market Research analyses that the baby food and infant formula market was valued at USD 33.3 billion in 2021 and is expected to reach the value of USD 50.34 billion by 2029, at a CAGR of 5.3% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Baby Food and Infant Formula Market Scope and Segmentation
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Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2014 - 2019) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Infant Milk, Follow-on-Milk, Specialty Baby Milk, Growing-up Milk), Ingredient (Carbohydrate, Fat, Protein, Minerals, Vitamins, Others), Packaging Type (Bottles, Cans, Pouches, Others), Distribution Channel (Hypermarkets, Supermarkets, Pharmacy/Medical Stores, Specialty Stores, Hard Discounter Stores, Others) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Nestlé SA (Switzerland), Bristol-Myers Squibb Company (U.S.), DANONE SA (Switzerland), Mead Johnson & Company, LLC. (U.S.) Abbott (U.S.), YILI Group INC (China), Royal FrieslandCampina (Netherlands), The Hain Celestial Group, Inc. (U.S.) GSK plc. (U.K.) Pfizer Inc. (U.S.) Associated British Foods Plc (U.S.), Arla Foods Amba (Denmark), Mondelez International. (U.S.), Perrigo Company plc, (U.S.) Reckitt Benckiser Group PLC. (U.K.), Ausnutria Dairy Corporation Ltd. (Hong Kong) |
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Opportunities |
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Market Definition
Baby food and infant formula is a soft mash of fruits, vegetables, and cereals suitable for children aged four months to two years Because it contains essential nutrients that aid in infant growth, it is thought to be an ideal substitute for breast milk. Because babies lack the necessary muscles and teeth to chew properly, baby food and infant formula are their primary nutritional sources. Because of the convenience and better nutrition, parents have shifted to packaged foods over the years.
Global Baby Food and Infant Formula Market Dynamics
Drivers
- Rising working women population
As the number of working women grows and there is a rapid shift toward convenience foods, demand for baby food and infant formula rises, propelling the baby food and infant formula market. Modern household organization is changing, with most adults lacking time for home administration, particularly food preparation and cooking. As a result, there is a higher demand for ready-to-eat or packaged foods. Additionally, working women, particularly new mothers, prefer ready-to-eat meal options for their children because it saves time.
- Benefits in brain development and memory enhancement
The widespread use of baby food and infant formula, which aids in the development of the brain, muscles, and nervous system, among other things, and the rise in consumer awareness of the product's numerous benefits, all have an impact on the market. Additionally, rapid urbanization, retail marketing, and malnutrition incidences positively impact the baby food and infant formula market.
Opportunities
- High demand for organic baby products
Organic and natural products are popular and a major trend in the baby food and infant formula markets. According to a 2018 article in the Hindu, inorganic baby products contain many synthetic ingredients that may cause health problems. As a result, parents are increasingly opting for organic and natural products to provide their baby with nutritious food that is both sustainable and safe.
- High growth through online channels
Furthermore, customer preferences are shifting toward online channels, especially in the current scenario of the covid-19 pandemic, which is leading to an increase in baby food and infant formula sales via online channels in order to avoid stepping out.
Restraints
- Short shelf life
Concerns about shelf life are expected to stymie market growth. During the forecast period, the absence of a proper regulatory framework is expected to pose a challenge to the baby food and infant formula market.
This baby food and infant formula market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the baby food and infant formula market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Baby Food and Infant Formula Market
Despite the lockdowns imposed to ensure citizens' safety, key baby food and infant formula market companies experienced high product demand during COVID-19. As a result of the pandemic, people have become more concerned about their own and their children's health, with several research studies claiming that people and children with low immunity and physical strength are more vulnerable to the disease. As parents around the world become more concerned about their children's health, they are investing more in organic and healthier supplements and food products for their children.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
• On April 2021, The Kraft Heinz Company will introduce a plant-based Baby Food and Infant Formula line to provide babies with a high-quality vegan diet. Saucy Pasta Stars with beans and carrot, Potato Bake with green beans and sweet garden peas, and Risotto with chickpeas and pumpkin are all part of this line.
• In November 2020, Nestlé S.A. will enter the frozen Baby Food and Infant Formula market with the introduction of Freshful Start, an organic, simple-ingredient line of foods made with vegetables and whole grains and packaged in bowls. These items come in five different vegetable combinations.
Global Baby Food and Infant Formula Market Scope
The baby food and infant formula market is segmented on the basis of type, ingredient, packaging type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Infant Milk
- Follow-on-Milk
- Specialty Baby Milk
- Growing-up Milk
Ingredients
- Carbohydrate
- Fat
- Protein
- Minerals
- Vitamins
- Others
Packaging Type
- Bottles
- Cans
- Pouches
- Others
Distribution channel
- Super Markets
- Hypermarkets
- Small Grocery Retailers
- Hard Discount stores
- Convenience Stores
- Online Stores
- Others
Baby Food and Infant Formula Market Regional Analysis/Insights
The baby food and infant formula market is analyzed and market size insights and trends are provided by country, type, ingredient, packaging type and distribution channel as referenced above.
The countries covered in the baby food and infant formula market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific (APAC) dominated the baby food and infant formula is expected to be the fastest growing market in the near future. High birth rates, rising female labour force participation, rising disposable income, increased public awareness of baby food and infant formula products, and extensive research and development by various companies in the baby food and infant formula segment will all contribute to this.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Baby Food and Infant Formula Market Share Analysis
The baby food and infant formula market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to baby food and infant formula market.
Some of the major players operating in the baby food and infant formula market are:
- Nestlé SA (Switzerland)
- Bristol-Myers Squibb Company (U.S.)
- DANONE SA (Switzerland)
- Mead Johnson & Company, LLC. (U.S.)
- Abbott (U.S.)
- YILI Group (China)
- Royal FrieslandCampina (Nethrerlands)
- The Hain Celestial Group, Inc. (U.S.)
- GSK plc. (U.K.)
- Pfizer Inc. (U.S.)
- Associated British Foods Plc (U.S.)
- Arla Foods Amba (Denmark)
- Mondelez International. (U.S.)
- Perrigo Company plc, (U.S.)
- Reckitt Benckiser Group PLC. (U.K.)
- Ausnutria Dairy Corporation Ltd. (Hong Kong)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
