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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-
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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