Baby Infant Formula Market is valued at USD 41.37 Billion in 2021 and is expected to reach USD 83.70 Billion by 2028 with a CAGR of 10.59% over the forecast period.
Global Baby Infant Formula Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2022-2029: An increasing requirement for baby food & nutrition and rising disposable income especially in emerging economies driving the market growth.
Global baby infant formula is a type of milk and food for newborn babies or babies under 12 months in replacement of mother’s milk. However, in certain cases, the mother may not be able to produce breast milk or may not be able to breastfeed the baby due to some reasons. In such cases, infant nutrition products act as a suitable substitute for babies. It’s a soft and nutritious food made for babies which contains various nutrients, such as carbohydrates, fats, proteins, vitamins, minerals, and others. It can be used for two years old babies. Infant formula serves the same as mother’s milk, it exhibits similar nutritional attributes. Whereas baby food is soft because it’s made of mashed vegetables, fruits, cereals, meat which is good for babies' consumption and health. In today’s life of working women, they are busy in their daily work which causes stress and anxiety and it can directly affect the babies. So, this product works as the main source of calories and nutrition for babies.
The baby infant formula market is segmented on the basis of type, ingredients, distribution channel and region. On the basis of type, the market is segmented into infant milk, follow-on-milk, specialty baby milk and growing-up milk. On the basis of ingredients, the market is segmented into carbohydrate fat, protein, minerals, vitamins and others. On the basis of distribution channel, the market is segmented into hypermarkets, supermarkets, pharmacy/medical stores, specialty stores, hard discounter stores and others.
The regions covered in this Baby Infant Formula Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Baby Infant Formula is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Baby Infant Formula market report covers prominent players like -
Today people are ready to spend more and more on their baby foods and choosing high-quality baby food for the good health of their infants and rising health concerns towards the overall wellbeing and development of the babies. The factors driving the baby infant formula market are like the busy lifestyle of people and the growing variety of organic and healthy food for infants. The wide sale of packaged food is mainly credited to its ease of access. As the manufacturers of packaged food, most companies are now coming up with more organic food products, which are free from preservatives and residues of fertilizers and pesticides which is further driving the market growth.
Furthermore, the increasing requirement for baby food & nutrition and rising disposable income of emerging economies driving the market. However, strict regulations regarding infant formula products and the high cost of ready-to-eat infant formulas are major factors restraining the growth of the global infant formula market. The low shelf life of infant formulas like a prepared formula can be stored in the back of the fridge for 24 hours. Opened containers of ready-to-feed and liquid concentrate formulas are good for 48 hours these are other factors expected to hamper the growth of the target market. Moreover, increasing demand for the baby infant formula due to increasing numbers of newborn babies which are around 3, 60,000 per day, and extra nutrition’s in a product can be an opportunity for the further growth of the market.
The baby infant formula market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia Pacific is expected to gain the major share of the global baby infant formula market. An increasing number of working women population, increased disposable income, busy lifestyle, and high standards of living in this region are the major factors driving the growth of the baby infant formula market in this region within the forecast period. In addition, the increasing population of between 0 and 4 years in this region is also supplementing the market growth.
|2016 - 2021
|2022 - 2029
|Market Size in 2021:
|USD 41.37 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 83.70 Billion
|Tables, Charts & Figures:
|Abbott Laboratories, Ausnutria Dairy Corporation Ltd., Beingmate Baby & Child Food Co., Ltd., Bellamy’s Organic (now part of China Mengniu Dairy Company), Danone S.A., Feihe International Inc., FrieslandCampina, Hain Celestial Group, Inc., Mead Johnson Nutrition (a subsidiary of Reckitt Benckiser Group), Meiji Holdings Co., Ltd., Nestlé S.A., Perrigo Company plc, Royal FrieslandCampina N.V., Synutra International, Inc., Yili Group, Others
|By Type, By Ingredients, By Distribution Channel
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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