Baby Infant Formula Market

Infant formula, or baby formula, is a manufactured food designed and marketed for feeding to babies and infants under 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder (mixed with water) or liquid (with or without additional water). The U.S. Federal Food, Drug, and Cosmetic Act (FFDCA) defines infant formula as "a food which purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk".

Baby Infant Formula Market aims to provide a comprehensive presentation of the global market for Baby Infant Formula, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Baby Infant Formula. Baby Infant Formula Market contains market size and forecasts of Baby Infant Formula in global, including the following market information:

Global Baby Infant Formula Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global Baby Infant Formula Market Sales, 2018-2023, 2024-2030, (K MT)

Global top five Baby Infant Formula companies in 2022 (%)

The global Baby Infant Formula market was valued at US$ 22600 million in 2022 and is projected to reach US$ 32150 million by 2030, at a CAGR of 5.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Infant formula consists of various nutrients, such as carbohydrates, fats, proteins, vitamins, minerals, and others (linoleic acid, prebiotic, and others), that are fed to babies for their overall development. Although physicians recommend exclusive breastfeeding for under six months babies, infant formula can be used as an alternative, as it consists of similar nutrient contents. Increase in women working population outside home is the key factor that drives the market. Moreover, change in lifestyle, rise in middle class population, growth in disposable income in emerging economies such as India, China, Indonesia, and increase in awareness about high nutritional content in the infant formula propels the market growth. However, concerns related to food safety and decline in global birth rate may hamper this growth.

We surveyed the Baby Infant Formula manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Baby Infant Formula Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Baby Infant Formula Market Segment Percentages, by Type, 2022 (%)

Infant Milk

Follow-on-Milk

Specialty Baby Milk

Growing-up Milk

Global Baby Infant Formula Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Baby Infant Formula Market Segment Percentages, by Application, 2022 (%)

Supermarkets

Pharmacy/Medical Stores

Specialty Stores

Hard Discounter Stores

Others

Global Baby Infant Formula Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Baby Infant Formula Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Baby Infant Formula revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Baby Infant Formula revenues share in global market, 2022 (%)

Key companies Baby Infant Formula sales in global market, 2018-2023 (Estimated), (K MT)

Key companies Baby Infant Formula sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

Abbott Laboratories

Arla Foods

Beingmate Group Co. Ltd.

Campbell Soup Company

D. SIGNSTORE

Danone

Heinz and Hain Celestial Group

HiPP GmbH & Co.

Mead Johnson Nutrition Company, LLC

Nestle S.A

Outline of Major Chapters:

Chapter 1: Introduces the definition of Baby Infant Formula, market overview.

Chapter 2: Global Baby Infant Formula market size in revenue and volume.

Chapter 3: Detailed analysis of Baby Infant Formula manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Baby Infant Formula in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Baby Infant Formula capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.