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Global Baby Food and Infant Formula Market: By Type: Milk Formula, Dried Baby Food, Prepared Baby Food, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Trade Data Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Baby Food and Infant Formula Market Outlook

The global baby food and infant formula market attained a value of almost USD 56.1 billion in 2020. The market is expected to grow at a CAGR of almost 6% over the forecast period of 2021-2026. The industry is further expected to attain a value of around USD 78.9 billion by 2026.

 

Baby Food and Infant Formula Market

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The global baby food and infant formula market is being driven by the rising consumer awareness and the growing demand for convenient, packaged, and nutritious food products with the changing lifestyle and rising living standards.

Milk formula, also known as infant formula, is the most preferred type, accounting for a significant share in the global industry. Currently, the Asia Pacific dominates the global baby food and infant formula industry owing to the presence of a large population and the rising consumer disposable incomes in the region. The leading players are shifting their focus towards the emerging markets within the Asia Pacific, such as India and China, which is expected to provide various growth opportunities to the industry in the forecast period. China and the Netherlands are the leading importer and exporter of baby food and infant formula, respectively.

 

Baby Food and Infant Formula Market by Type

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Properties and Applications

While baby food refers to a mixture or soft mash of fruits, vegetables and cereals, manufactured for toddlers between the age of four months and two years, the infant formula is a solution especially prepared and targeted for babies that are under the age of 12 months. Infant formula, which is prepared keeping in mind the nutritious requirements of infants, is an ideal substitute for breast-milk. Baby food and infant formula is emerging as a primary source of nutrients for babies as they lack developed muscles and teeth for chewing adequately. Further, these products can be found in powdered as well as liquid form.

The market, based on type, can be divided into:

  • Milk Formula
  • Dried Baby Food
  • Prepared Baby Food
  • Others

On the basis of the distribution channel, the industry is segmented into:

  • Supermarkets and Hypermarkets
  • Pharmacies
  • Convenience Stores
  • Others

Currently, supermarkets and hypermarkets, among various distribution channels, leads the industry.

The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Baby Food and Infant Formula Market by Region

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Market Analysis

The global market for baby food and infant formula is being driven by the increasing consumer demand for packaged foods owing to the convenience and enhanced nutrition offered by such products. As the right nutrition intake helps in the child's overall growth and development, parents are increasingly adopting baby food and infant formula products as they are rich in proteins, vitamins, minerals and carbohydrates. With rising disposable incomes and growing consumer awareness, the industry is witnessing increased growth. Further, the thriving e-commerce industry is providing a boost to the sales of such products via online platforms.

To satisfy consumer demand, manufacturers are continuously developing enhanced product range. They are launching baby food and infant formula variants in different forms, textures, and flavours, without compromising on their nutritious value. The production and consumption of organic, premium, and minimally-processed variants is also increasing, propelling the industry growth. Thus, the growing expenditure in the research and development activities by the major players will further aid the growth of the industry over the forecast period.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global baby food and infant formula market, covering their competitive landscape, capacity, and latest developments like mergers and acquisitions, investments, capacity expansion, and plant turnarounds:

  • Abbott Nutrition
  • Nestlé S.A.
  • Danone S.A.
  • Mead Johnson & Company, LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Distribution Channel, Region
Breakup by Type Milk Formula, Dried Baby Food, Prepared Baby Food, Others
Breakup by Distribution Channel Supermarkets and Hypermarkets, Pharmacies, Convenience Stores, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Abbott Nutrition, Nestlé S.A., Danone S.A, Mead Johnson & Company, LLC, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Baby Food and Infant Formula Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Baby Food and Infant Formula Historical Market (2016-2020) 
    8.3    Global Baby Food and Infant Formula Market Forecast (2021-2026)
    8.4    Global Baby Food and Infant Formula Market by Type
        8.4.1    Milk Formula
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Dried Baby Food
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Prepared Baby Food
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
    8.5    Global Baby Food and Infant Formula Market by Distribution Channel
        8.5.1    Supermarkets and Hypermarkets
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Pharmacies
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Convenience Stores
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others 
    8.6    Global Baby Food and Infant Formula Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Manufacturing Process
    13.1    Detailed Process Flow
    13.2    Operations Involved
    13.3    Mass Balance
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players Market Share
    14.3    Company Profiles
        14.3.1    Abbott Nutrition
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Financial Summary
            14.3.1.5    Certifications
        14.3.2    Nestlé S.A.
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Financial Summary
            14.3.2.5    Certifications
        14.3.3    Danone S.A.
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Financial Summary
            14.3.3.5    Certifications
        14.3.4    Mead Johnson & Company, LLC
            14.3.4.1    Company Overview
            14.3.4.2    Product Portfolio
            14.3.4.3    Demographic Reach and Achievements
            14.3.4.4    Financial Summary
            14.3.4.5    Certifications
        14.3.5    Others
15    Industry Events and Developments


List of Figures and Tables

1.    Global Baby Food and Infant Formula Market: Key Industry Highlights, 2016 and 2026
2.    Global Baby Food and Infant Formula Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Baby Food and Infant Formula Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Baby Food and Infant Formula Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
5.    Global Baby Food and Infant Formula Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
6.    Global Baby Food and Infant Formula Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Baby Food and Infant Formula Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Global Baby Food and Infant Formula Market Structure

Key Questions Answered in the Report

In 2020, the global baby food and infant formula market reached a value of almost USD 56.1 billion.

The market is projected to grow at a CAGR of nearly 6% over the forecast period of 2021-2026.

The market is estimated to attain a value of nearly USD 78.9 billion by 2026.

The major drivers of the market such as rising disposable incomes, increasing population, increasing consumer demand for packaged foods, developing enhanced product range, and growing consumer awareness are expected to aid the market growth.

The expansion of e-commerce websites is expected to be a key trend influencing the market growth.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market, with the Asia Pacific accounting for the largest market share.

Milk formula is the leading type of the products in the market.

Supermarkets and hypermarkets are the leading distribution channels in the market.

Abbott Nutrition, Nestlé S.A., Danone S.A., Mead Johnson & Company, LLC, and others are the major player in the industry.

Analyst Review

The global market for baby food and infant formula attained a value of almost USD 56.1 billion in 2020 driven by the rising consumer awareness and growing demand for packaged food. Aided by the growing workforce and rising e-retail sites, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6%. The market is projected to reach USD 78.9 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into milk formula, dried baby food, prepared baby food, and others, with milk formula accounting for the largest market share. On the basis of distribution channel, supermarkets and hypermarkets sector accounts for in the global market. The major regional markets for North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Abbott Nutrition, Nestlé S.A., Danone S.A., Mead Johnson & Company, LLC, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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