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Press Release:
Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023
Baby food and infant formula are food products specifically made for babies till the age of two years. Infant formula serves as a replacement of mother’s milk as it exhibits similar nutritional attributes. Whereas, baby foods are soft minced and mashed vegetables, fruits, meats, cereals, etc. for baby’s consumption. Since babies lack developed muscles and teeth to chew effectively, these products act as the main source of calories and nutrients for them. Over the years, parents have shifted to packaged baby foods owing to the convenience and better nutrition offered by these products. The latest report by IMARC Group, “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global baby food and infant formula market reached a value of US$ 50 Billion in 2017.
Today, the parents are ready to spend on high-quality, expensive baby foods to ensure the well-being of their infants. Rising health concerns towards the overall development of the baby and growing number of malnutritional cases are the key factors driving the growth of the market. Furthermore, increasing awareness among people about the various health benefits of feeding baby foods to infants and young babies is fuelling the demand for baby foods across the globe. Increasing number of working women and the need for convenient and portable nutrition for their babies has created a large market for baby foods and infant formula. Additionally, increasing spending on children’s healthcare coupled with continuous innovation and aggressive marketing by various baby food manufacturers has facilitated the global baby food and infant formula market. According to the report, the market is expected to reach a value of US$ 69 Billion by 2023, registering a CAGR of 5.5% during 2018-2023.
The report has segmented the global baby food and infant formula market on the basis of type including milk formula, dried baby food, prepared baby food and others. Amongst these, milk formula represents the largest product type. The market is also segmented on the basis of the distribution channels, wherein supermarkets and hypermarkets are the largest distribution channels, followed by pharmacies, convenience stores and others. The market is also segmented on a regional basis, covering Asia-Pacific, North America, Europe, Latin America, and Middle East and Africa. Amongst these, Asia-Pacific is the largest market. On the basis of imports and exports, China is the largest importer, whereas Netherlands is the largest exporter of baby food and infant formula. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Abbott Laboratories, Nestle, Danone, Mead Johnson and Kraft Heinz.
This report provides a deep insight into the global baby food and infant formula market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the baby food and infant formula industry in any manner.
Key Questions Answered in This Report:
- How has the global baby food and infant formula market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global baby food and infant formula industry?
- What are the price trends of baby food and infant formula?
- What are the various stages in the value chain of the global baby food and infant formula industry?
- What are the key driving factors and challenges in the global baby food and infant formula industry?
- What is the structure of the global baby food and infant formula industry and who are the key players?
- What is the degree of competition in the global baby food and infant formula industry?
- How is baby food and infant formula manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Baby Food and Infant Formula Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Distribution Channel
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing
5.8.6 Distribution
5.8.7 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
6 Market Breakup by Type
6.1 Milk Formula
6.2 Dried Baby Food
6.3 Prepared Baby Food
6.4 Other Baby Food
7 Market Breakup by Distribution Channel
7.1 Supermarkets and Hypermarkets
7.2 Pharmacies
7.3 Convenience Stores
7.4 Others
8 Market Breakup by Region
8.1 Asia Pacific
8.2 North America
8.3 Europe
8.4 Latin America
8.5 Middle East and Africa
9 Imports and Exports
9.1 Imports by Major Countries
9.2 Exports by Major Countries
10 Baby Food and Infant Formula Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Abbott Nutrition
11.3.1.1 Company Overview
11.3.1.2 Description
11.3.1.3 Product Portfolio
11.3.1.4 Financials
11.3.1.5 SWOT Analysis
11.3.2 Nestle
11.3.2.1 Company Overview
11.3.2.2 Description
11.3.2.3 Product Portfolio
11.3.2.4 Financials
11.3.2.5 SWOT Analysis
11.3.3 Danone
11.3.3.1 Company Overview
11.3.3.2 Description
11.3.3.3 Product Portfolio
11.3.3.4 Financials
11.3.3.5 SWOT Analysis
11.3.4 Mead Johnson
11.3.4.1 Company Overview
11.3.4.2 Description
11.3.4.3 Product Portfolio
11.3.4.4 Financials
11.3.4.5 SWOT Analysis
11.3.5 Kraft Heinz
11.3.5.1 Company Overview
11.3.5.2 Description
11.3.5.3 Product Portfolio
11.3.5.4 Financials
11.3.5.5 SWOT Analysis
List of Figures
Figure 1: Global: Baby Food and Infant Formula Market: Major Drivers and Challenges
Figure 2: Global: Baby Food and Infant Formula Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Baby Food and Infant Formula Market: Breakup by Type (in %), 2017
Figure 4: Global: Baby Food and Infant Formula Market: Breakup by Distribution Channel (in %), 2017
Figure 5: Global: Baby Food and Infant Formula Market: Breakup by Region (in %), 2017
Figure 6: Global: Baby Food and Infant Formula Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 7: Global: Baby Food and Infant Formula Industry: SWOT Analysis
Figure 8: Global: Baby Food and Infant Formula Industry: Value Chain Analysis
Figure 9: Global: Baby Food and Infant Formula Industry: Porter’s Five Forces Analysis
Figure 10: Global: Milk Formula Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 11: Global: Dried Baby Food Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Prepared Baby Food Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Global: Other Baby Food Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Baby Food and Infant Formula Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Baby Food and Infant Formula Market: Sales through Convenience Stores (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Baby Food and Infant Formula Market: Sales through Chemists (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Baby and Infant Formula Market: Sales through Other Distribution Channels (in Million US$), 2010, 2017 & 2023
Figure 18: Asia Pacific: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: North America: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Europe: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Latin America: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Middle East and Africa: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Global: Baby Food and Infant Formula: Import Breakup by Country (in %), 2017
Figure 24: Global: Baby Food and Infant Formula: Export Breakup by Country (in %), 2017
Figure 25: Baby Food and Infant Formula Manufacturing: Process Flow
List of Tables
Table 1: Global: Baby Food and Infant Formula Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Baby Food and Infant Formula Market Forecast: Breakup by Type (in Billion US$), 2018-2023
Table 3: Global: Baby Food and Infant Formula Market Forecast: Breakup by Distribution Channel (in Billion US$), 2018-2023
Table 4: Global: Baby Food and Infant Formula Market Forecast: Breakup by Region (in Billion US$), 2018-2023
Table 5: Global: Baby Food and Infant Formula: Import Data by Country
Table 6: Global: Baby Food and Infant Formula: Export Data by Country
Table 7: Baby Food and Infant Formula Manufacturing: Raw Material Requirements
Table 8: Global: Baby Food and Infant Formula: Market Structure
Table 9: Global: Baby Food and Infant Formula Market: Key Players
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