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Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global baby food and infant formula market reached a value of US$ 42.7 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Baby food refers to a soft mash of fruits, vegetables and cereals, which is prepared for children between the age of four months to two years. On the other hand, infant formula is manufactured and targeted for babies that are under the age of 12 months. It is considered to be an ideal substitute for breast-milk, owing to the presence of essential nutrients that play a vital role in the infants’ growth. As babies lack developed muscles and teeth for chewing adequately, baby food and infant formula act as the primary source of nutrients for them. Over the years, parents have shifted to packaged foods owing to the convenience and better nutrition offered by these products.

Baby food and infant formula market report

Parents nowadays are becoming more aware of the impact of right nutrition on the child’s overall growth and development. As a result, they are shifting toward baby food and infant formula products that are rich in proteins, vitamins, minerals and carbohydrates. These products are mostly available in the powdered form, which can be mixed with water or milk. Apart from this, due to the increasing consciousness among consumers, manufacturers are introducing organic, premium and minimally-processed baby food and infant formula variants to increase their sales. Furthermore, the burgeoning e-commerce sector is also boosting the sales of these products since it enhances the consumers’ convenience as compared to the conventional retail formats.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global baby food and infant formula market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on type and distribution channel.

Breakup by Type:

  • Milk Formula
  • Dried Baby Food
  • Prepared Baby Food
  • Other Baby Food

Milk formula, also known as infant formula, represents the most preferred product type.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Pharmacies
  • Convenience Stores
  • Others

Supermarkets and hypermarkets account for the majority of the total market share.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

Asia Pacific currently represents the largest market, owing to a large population in the region.

On assessing the import and export scenario of the market, it has been found that China and the Netherlands are the biggest importer and exporter, respectively.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:

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

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Abbott Nutrition, Nestlé S.A., Danone S.A., Mead Johnson & Company, LLC. and Kraft Heinz Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 1999
Five User License: US$ 2999
Corporate License: US$ 3999
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Impact of COVID-19
    5.4    Market Breakup by Type
    5.5    Market Breakup by Distribution Channel
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Marketing and Distribution
        5.9.6    Retailer/Exporter
        5.9.7    End-Consumer
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6   Market Breakup by Type
    6.1    Milk Formula
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Dried Baby Food
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Prepared Baby Food
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Other Baby Food
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Distribution Channel
    7.1    Supermarkets and Hypermarkets
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Pharmacies
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Convenience Stores
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Region
    8.1    Asia Pacific
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    North America
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Europe
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Latin America
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Forecast
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    Nestlé S.A.
            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 S.A.
            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 & Company, LLC
            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 Company
            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$), 2015-2020
Figure 3: Global: Baby Food and Infant Formula Market: Breakup by Type (in %), 2020
Figure 4: Global: Baby Food and Infant Formula Market: Breakup by Distribution Channel (in %), 2020
Figure 5: Global: Baby Food and Infant Formula Market: Breakup by Region (in %), 2020
Figure 6: Global: Baby Food and Infant Formula Market Forecast: Sales Value (in Billion US$), 2021-2026
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$), 2015 & 2020
Figure 11: Global: Milk Formula Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Dried Baby Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Dried Baby Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Prepared Baby Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Prepared Baby Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Other Baby Food Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Other Baby Food Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Baby Food and Infant Formula Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2015 & 2020
Figure 19: Global: Baby Food and Infant Formula Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2021-2026
Figure 20: Global: Baby Food and Infant Formula Market: Sales through Pharmacies (in Million US$), 2015 & 2020
Figure 21: Global: Baby Food and Infant Formula Market Forecast: Sales through Pharmacies (in Million US$), 2021-2026
Figure 22: Global: Baby Food and Infant Formula Market: Sales through Convenience Stores (in Million US$), 2015 & 2020
Figure 23: Global: Baby Food and Infant Formula Market Forecast: Sales through Convenience Stores (in Million US$), 2021-2026
Figure 24: Global: Baby and Infant Formula Market: Sales through Other Distribution Channels (in Million US$), 2015 & 2020
Figure 25: Global: Baby and Infant Formula Market Forecast: Sales through Other Distribution Channels (in Million US$), 2021-2026
Figure 26: Asia Pacific: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Asia Pacific: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2015 & 2020 
Figure 29: North America: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2021-2026 
Figure 30: Europe: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Europe: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Latin America: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Latin America: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Middle East and Africa: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Middle East and Africa: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Baby Food and Infant Formula: Import Breakup by Country (in %), 2018
Figure 37: Global: Baby Food and Infant Formula: Export Breakup by Country (in %), 2018
Figure 38: Baby Food and Infant Formula Manufacturing: Detailed Process Flow

List of Tables

Table 1: Global: Baby Food and Infant Formula Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Baby Food and Infant Formula Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Baby Food and Infant Formula Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 4: Global: Baby Food and Infant Formula Market Forecast: Breakup by Region (in Million US$), 2021-2026
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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Key Question Answered in this Report

The global baby food and infant formula market size was valued at US$ 42.7 Billion in 2020.

According to the estimates by IMARC Group, the global baby food and infant formula market is expected to witness a CAGR of around 6% from 2021 to 2026.

The improving consumer living standards, coupled with the increasing parental consciousness towards proper growth and nourishment of their children, represent some of the key drivers for the global baby food and infant formula market.

The rising consumer inclination towards high-quality and premium product variants, along with the emergence of organic, vegan, lactose-free, and gluten-free baby food and infant formulas, represent some of the key trends in the global baby food and infant formula market.

Sudden outbreak of the COVID-19 pandemic has resulted in a dynamic shift in the sales of baby food and infant formula from brick-and-mortar distribution channels towards e-commerce platforms.

On the basis of the product type, the market has been bifurcated into milk formula, dried baby food, prepared baby food and other baby food. Currently, milk formula holds the majority of the total market share.

On the basis of the distribution channel, the market has been segmented into supermarkets and hypermarkets, pharmacies, convenience stores, and others.  At present, supermarkets and hypermarkets exhibit a clear dominance in the market.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

The key companies in the global baby food and infant formula market are Abbott Nutrition, Nestle S.A., Danone S.A., Mead Johnson & Company, LLC and Kraft Heinz Company.

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