Baby Food and Infant Formula Market Growth and Trends
Over the years, parents have been resorting to packaged foods for better nutrition and the convenience offered by these products, nowadays there is increased awareness of the impact of proper nutrition on a child’s overall growth and development. As a result, consumption of baby food and infant formula products rich in essential nutrients, such as proteins, minerals, vitamins, and carbohydrates, is on a steep rise. Besides, owing to the rising consciousness among consumers, introduction of organic, premium, and minimally processed baby food and infant formula variants is certain to boost the market. The expanding e-commerce sector is also fostering the sale of these products due to an enhancement in consumers’ convenience in comparison with conventional retail setups. Baby foods contain adequate quantities of iron and proteins that ensure proper body and brain development and growth of the baby. Malnutrition during the first two years of age may result in acute health ailments, which can affect physical and mental health on a lifelong basis. Hence, providing adequate nutrition to babies is a top priority for parents where they are willing to spend lavishly on premium food categories. With changing lifestyles with the increasing working population, especially women, the demand for instant baby food products has increased remarkably. With a rise in the number of nuclear families across the globe, mothers have to single-handedly manage their profession and the daily needs of their infants alongside—a paradigm shift in lifestyle has therefore led to women demand healthy food options, a very important driver of market growth. Lactation concerns among women for diseases associated with ill-health and delayed pregnancies have subsequently increased adoption of infant milk powder.
Baby Food and Infant Formula Market shall reach a value of $54,414.6 Million in 2031, growing with a CAGR of 9.5% during the forecast period of 2022 to 2031.
The disruption in supply chains at present has caused hindrance to the market but is far outweighed by the driving demand factors ensuring sustained market growth.
Baby Food and Infant Formula Market Competition
Key companies operating in this industry are Mead Johnson, Nestle, Danone, Abbott, FrieslandCampina, Heinz, Bellamy, Topfer, HiPP, Perrigo, Arla, Holle, Fonterra, Westland Dairy, Pinnacle, Meiji, Yili, Biostime, Yashili, Feihe, Brightdairy, Beingmate, Wonderson, Synutra, Wissun, Hain Celestial, Plum Organics, DGC and Ausnutria Dairy Corporation (Hyproca).
• Baby Food and Infant Formula Market Revenue Estimation and Forecast (2022 – 2031)
• Production Estimation and Forecast (2022 – 2031)
• Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
• Breakdown of Revenue by Segments (2022 – 2031)
• Breakdown of Production by Segments (2022 – 2031)
• Breakdown of Sales Volume by Segments (2022 – 2031)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Baby Food and Infant Formula Market Segmentation
Product Outlook (Revenue, USD Million, 2022 - 2031)
• Standard cow milk-based formulas
• Soy-based formulas
• Hypoallergenic formulas
Application Outlook (Revenue, USD Million, 2022 - 2031)
• 0-6 Months
• 6-12 Months
• >12 Months
Country (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Baby Food and Infant Formula Market Companies
• Westland Dairy
• Hain Celestial
• Plum Organics
• Ausnutria Dairy Corporation (Hyproca)
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