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The global baby food and infant formula market reached a value of US$ 45.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 64.0 Billion by 2027, exhibiting at a CAGR of 5.7% during 2022-2027. 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.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type and distribution channel.
Breakup by Type:
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Milk formula, also known as infant formula, represents the most preferred product type.
Breakup by Distribution Channel:
Supermarkets and hypermarkets account for majority of the total global market.
Regional Insights:
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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:
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| 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$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| 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) |
The global baby food and infant formula market was valued at US$ 45.4 Billion in 2021.
We expect the global baby food and infant formula market to exhibit a CAGR of 5.7% during 2022-
2027.
The improving consumer living standards, coupled with the increasing parental consciousness
towards proper growth and nourishment of their children, are catalyzing the global baby food and
infant formula market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of baby food and infant formula.
Based on the type, the global baby food and infant formula market has been bifurcated into milk
formula, dried baby food, prepared baby food, and other baby food. Among these, milk formula
currently exhibits clear dominance in the market.
Based on the distribution channel, the global baby food and infant formula market can be
segmented into supermarkets and hypermarkets, pharmacies, convenience stores, and
others. Currently, supermarkets and hypermarkets hold the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global baby food and infant formula market include Abbott
Nutrition, Nestlé S.A., Danone S.A., Mead Johnson & Company, LLC, Kraft Heinz Company, etc.
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