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Baby Food and Infant Formula Market

Global Baby Food and Infant Formula Market Share, Growth: By Type: Milk Formula, Dried Baby Food, Prepared Baby Food; Others; By Distribution Channel: Supermarkets and Hypermarkets, Pharmacies, Convenience Stores, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Baby Food and Infant Formula Market Outlook

The global baby food and infant formula market attained a value of almost USD 66.69 billion in 2023. The market is expected to grow at a CAGR of almost 5.80% over the forecast period of 2024-2032. The industry is further expected to attain a value of around USD 111.08 billion by 2032.

 

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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Baby Food and Infant Formula Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Baby Food and Infant Formula Historical Market (2018-2023) 
    8.3    Global Baby Food and Infant Formula Market Forecast (2024-2032)
    8.4    Global Baby Food and Infant Formula Market by Type
        8.4.1    Milk Formula
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Dried Baby Food
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Prepared Baby Food
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Baby Food and Infant Formula Market by Distribution Channel
        8.5.1    Supermarkets and Hypermarkets
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Pharmacies
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Convenience Stores
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others 
    8.6    Global Baby Food and Infant Formula Market by Region        
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Baby Food and Infant Formula Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Baby Food and Infant Formula Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Baby Food and Infant Formula Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Baby Food and Infant Formula Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Baby Food and Infant Formula Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis 
16    Trade Data Analysis 

    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Manufacturing Process
    17.1    Detailed Process Flow
    17.2    Operations Involved
    17.3    Mass Balance
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.3.1    Abbott Nutrition
            18.3.1.1    Company Overview
            18.3.1.2    Product Portfolio
            18.3.1.3    Demographic Reach and Achievements
            18.3.1.4    Financial Summary
            18.3.1.5    Certifications
        18.3.2    Nestlé S.A.
            18.3.2.1    Company Overview
            18.3.2.2    Product Portfolio
            18.3.2.3    Demographic Reach and Achievements
            18.3.2.4    Financial Summary
            18.3.2.5    Certifications
        18.3.3    Danone S.A.
            18.3.3.1    Company Overview
            18.3.3.2    Product Portfolio
            18.3.3.3    Demographic Reach and Achievements
            18.3.3.4    Financial Summary
            18.3.3.5    Certifications
        18.3.4    Mead Johnson & Company, LLC
            18.3.4.1    Company Overview
            18.3.4.2    Product Portfolio
            18.3.4.3    Demographic Reach and Achievements
            18.3.4.4    Financial Summary
            18.3.4.5    Certifications
        18.3.5    Others
19    Key Trends and Developments in the Market
 


List of Key Figures and Tables

1.    Global Baby Food and Infant Formula Market: Key Industry Highlights, 2018 and 2032
2.    Global Baby Food and Infant Formula Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Baby Food and Infant Formula Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Baby Food and Infant Formula Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5.    Global Baby Food and Infant Formula Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6.    Global Baby Food and Infant Formula Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Baby Food and Infant Formula Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Baby Food and Infant Formula Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Baby Food and Infant Formula Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Baby Food and Infant Formula Market Structure

Key Questions Answered in the Report

In 2023, the global baby food and infant formula market reached a value of almost USD 66.69 billion.

The market is projected to grow at a CAGR of nearly 5.80% over the forecast period of 2024-2032.

The market is estimated to attain a value of nearly USD 111.08 billion by 2032.

The major drivers of the market are rising disposable incomes, increasing population, availability of enhanced product ranges, and growing consumer awareness.

The expansion of e-commerce websites and growing consumer demand for packaged foods are expected to be key trends influencing the market.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.

The various types of baby food and infant formula in the market are milk formula, dried baby food, and prepared baby food, among others. 

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

Abbott Nutrition, Nestlé S.A., Danone S.A., and Mead Johnson & Company, LLC, among others, are the major players in the global baby food and infant formula market.

Analyst Review

The global market for baby food and infant formula attained a value of almost USD 66.69 billion in 2023 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 2024-2032, growing at a CAGR of 5.80%. The market is projected to reach USD 111.08 billion by 2032.

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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