The global baby food and infant formula market reached a value of US$ 52.9 Billion in 2018. 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.
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. Looking forward, IMARC Group expects the market value to reach US$ 74.4 Billion by 2024, growing at a CAGR of 5.7% during 2019-2024.
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
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 regions in the market?
- Which are the popular product types in the market?
- What are the major distribution channels in the market?
- What are the various stages in the value chain of the market?
- What are the key driving factors and challenges in the market?
- What are the import and export trends of the market?
- What is the structure of the global baby food and infant formula market and who are the key players?
- What is the degree of competition in the global baby food and infant formula market?
- How are 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 and Distribution
5.8.6 Retailer/Exporter
5.8.7 End-Consumer
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
6.1.1 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 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$), 2011-2018
Figure 3: Global: Baby Food and Infant Formula Market: Breakup by Type (in %), 2018
Figure 4: Global: Baby Food and Infant Formula Market: Breakup by Distribution Channel (in %), 2018
Figure 5: Global: Baby Food and Infant Formula Market: Breakup by Region (in %), 2018
Figure 6: Global: Baby Food and Infant Formula Market Forecast: Sales Value (in Billion US$), 2019-2024
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$), 2011 & 2018
Figure 11: Global: Milk Formula Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Dried Baby Food Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Dried Baby Food Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Prepared Baby Food Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Prepared Baby Food Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Other Baby Food Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Other Baby Food Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Baby Food and Infant Formula Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2011 & 2018
Figure 19: Global: Baby Food and Infant Formula Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2019-2024
Figure 20: Global: Baby Food and Infant Formula Market: Sales through Pharmacies (in Million US$), 2011 & 2018
Figure 21: Global: Baby Food and Infant Formula Market Forecast: Sales through Pharmacies (in Million US$), 2019-2024
Figure 22: Global: Baby Food and Infant Formula Market: Sales through Convenience Stores (in Million US$), 2011 & 2018
Figure 23: Global: Baby Food and Infant Formula Market Forecast: Sales through Convenience Stores (in Million US$), 2019-2024
Figure 24: Global: Baby and Infant Formula Market: Sales through Other Distribution Channels (in Million US$), 2011 & 2018
Figure 25: Global: Baby and Infant Formula Market Forecast: Sales through Other Distribution Channels (in Million US$), 2019-2024
Figure 26: Asia Pacific: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Asia Pacific: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: North America: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: North America: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Europe: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Europe: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Latin America: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Latin America: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Middle East and Africa: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Middle East and Africa: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Baby Food and Infant Formula: Import Breakup by Country (in %), 2017
Figure 37: Global: Baby Food and Infant Formula: Export Breakup by Country (in %), 2017
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, 2018 and 2024
Table 2: Global: Baby Food and Infant Formula Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 3: Global: Baby Food and Infant Formula Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 4: Global: Baby Food and Infant Formula Market Forecast: Breakup by Region (in Million US$), 2019-2024
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