Baby Food And Infant Formula Market Size to grow by USD 39995.6 million between 2024-2028
According to a research report “ Baby Food And Infant Formula Market” by Product (Infant formula, Baby food) Type (Milk formula, Dried baby food, Prepared baby food, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 39995.6 million, at a CAGR of over 7.56% during the forecast period. In the dynamic baby food and infant formula market, new product launches play a pivotal role in driving market expansion and enhancing a company's revenue stream. Notable product introductions, such as Hochdorf's goat milk infant formula under its Bimbosan brand, contribute significantly to market growth. More recently, Bunge Loders Croklaan (BLC) unveiled a premium liquid ingredient for baby formula production. This innovative solution enables manufacturers to cater to regional variations in mother's milk, influenced by dietary differences among populations, thereby offering a competitive edge and expanding market share.
Browse market data tables, figures, and in-depth TOC on “Baby Food And Infant Formula Market” by Product (Infant formula, Baby food) Type (Milk formula, Dried baby food, Prepared baby food, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Product, the Infant formula segment is projected to dominate the market size in 2024
The milk formula segment is poised for substantial growth in the global baby food and infant formula market, surpassing other segments such as dried baby food, prepared baby food, and others. Factors fueling this expansion include the increasing awareness of nutritious baby food options and the rising number of working mothers. Milk-based baby food, particularly prepared varieties, have gained popularity due to time constraints among professional women. Moreover, producers promote artificial formulas as a nutritional complement to breast milk, ensuring infants receive essential proteins and dietary supplements for optimal growth.
By Type, Milk formula segment is expected to hold the largest market size for the year 2024
The baby food and infant formula market is projected to experience significant growth during the forecast period, driven by the rising number of working mothers and increasing health consciousness among consumers. Infant formula, a modified form of cow's milk, is a key category within this market. It contains essential nutrients such as vitamins, minerals, carbohydrates, and vegetable oils. Two primary proteins, casein and whey, are present in infant formula. While casein is the dominant protein in cow's milk, breast milk primarily consists of whey protein. Consequently, many infant formula manufacturers have adapted their products to include whey protein. However, it's important to note that despite these similarities, breast milk and infant formula differ significantly in their amino acid and protein composition.
APAC is forecasted to hold the largest market size by region in 2024
The Baby Food and Infant Formula market represents a significant business sector, catering to the nutritional needs of infants and young children. This market encompasses a wide range of products, including liquid and solid baby foods, as well as infant formulas. Key market drivers include increasing birth rates, rising disposable income, and growing awareness of the importance of proper nutrition during early childhood. Companies in this sector prioritize research and development to produce high-quality, safe, and nutritious products that meet the evolving needs of families.
The Baby Food And Infant Formula Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The baby food and infant formula market is a significant sector in the nutrition industry, catering to the essential nutrition needs of infants and young children. With the increasing working mother population and nuclear families, the demand for convenient and organic baby food solutions has surged. Organic baby food, free from artificial additives and preservatives, has become a preferred choice for health-conscious parents. The baby food market size is influenced by various factors, including healthcare facilities, trade press, trade associations, international institutions, and national statistical offices, as reported on the Statista platform. The market is driven by rising income levels, increasing consumer spending on B2C enterprises, and food technology advancements in preservation and formula production. Baby food manufacturers are investing in research and development to meet the evolving infant nutritional needs, with a focus on breast milk substitutes and fortified formulas. E-commerce platforms have made it easier for working women to purchase baby food and infant formula online, ensuring their children receive proper nutrition despite their busy schedules. Overall, the baby food and infant formula market is a vital sector in the healthcare and food industry, with significant growth potential in the coming years.
Market Research Overview
The baby food and infant formula market is experiencing significant growth due to various factors such as changing lifestyles, increasing disposable income, and the rising working mother population. Premium amounts are being spent on essential nutrition for infants and pregnant women, with start-ups like Sugarlix and established players such as Reckitt and Danone leading the way. The infant formula market caters to infants, new mothers, and pregnant women, with a focus on flavor variety, nutritional value, hygiene, and convenience. The market is driven by factors such as rapid urbanization, middle class growth, and convenience-oriented lifestyles. Traditional packaged food, including teething biscuits, instant baby cereal, and freeze-dried finger foods, are being replaced by more nutritious options. Stringent regulations ensure food safety and adherence to nutritional requirements. The market sizes for baby food and infant formula are increasing, with e-commerce platforms, convenience stores, pharmacies, and trade associations playing a crucial role in distribution. Hypoallergenic options, lactose-free products, and organic baby food are gaining popularity. Toddlers' nutrition needs are also being addressed, with preservation techniques and food technology playing a significant role. Global awareness of baby health and nutrition is on the rise, with market updates, consumer price indexes, and trade press providing valuable insights. Market sizes, food production, and consumer spending are being monitored by international institutions, national statistical offices, and the Statista platform. The infant formula market is expected to show an exponential trend, with forecasting techniques and current exchange rates providing essential information for B2C enterprises.
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