Global Baby Food and Formula Market 2023-2029

Global Baby Food and Formula Market 2023-2029

According to the latest data, the market size of the global baby food and formula sector is expected to rise by USD 26.1 billion with a CAGR of 5.2% by the end of 2029. Baby food typically includes pureed fruits, vegetables, and meats, as well as cereals and other grain-based foods. Baby food is designed to be easy to digest and to provide the right balance of nutrients for babies. Some baby foods are also fortified with additional vitamins and minerals to ensure that babies are getting all the nutrients they need. Formula is a type of baby food that is designed to replace breast milk for infants who are not breastfed. It is made from a combination of proteins, carbohydrates, and fats, as well as vitamins and minerals, to provide the essential nutrients that babies need. Formula is available in different types, including cow's milk-based formula, soy-based formula, and specialized formulas for babies with specific dietary needs or medical conditions.Baby food typically includes pureed fruits, vegetables, and meats, as well as cereals and other grain-based foods. Baby food is designed to be easy to digest and to provide the right balance of nutrients for babies. Some baby foods are also fortified with additional vitamins and minerals to ensure that babies are getting all the nutrients they need. Formula is a type of baby food that is designed to replace breast milk for infants who are not breastfed. It is made from a combination of proteins, carbohydrates, and fats, as well as vitamins and minerals, to provide the essential nutrients that babies need. Formula is available in different types, including cow's milk-based formula, soy-based formula, and specialized formulas for babies with specific dietary needs or medical conditions.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global baby food and formula market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, distribution channel, and region. The global market for baby food and formula can be segmented by type: milk formula, baby food. The milk formula segment held the largest share of the global baby food and formula market in 2022 and is anticipated to hold its share during the forecast period. Baby food and formula market is further segmented by distribution channel: supermarkets and hypermarkets, grocery stores, health retailers and pharmacies, online retailers, others. Globally, the supermarkets and hypermarkets segment made up the largest share of the baby food and formula market. Based on region, the baby food and formula market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific was the largest contributor to the global baby food and formula market in 2022.

The milk formula market is further segmented into starting milk formula, follow-on milk formula, toddler's milk formula. In 2022, the starting milk formula segment made up the largest share of revenue generated by the baby food and formula market. Furthermore, the baby food type market has been categorized into conventional baby food, organic baby food. Among these, the conventional baby food segment was accounted for the highest revenue generator in 2022. The baby food product market is further divided into baby cereals, dried baby food, prepared baby food, other. The baby cereals segment captured the largest share of the market in 2022 and is expected to maintain its dominance during the forecast period.

Market Segmentation

By type: milk formula, baby food

By distribution channel: supermarkets and hypermarkets, grocery stores, health retailers and pharmacies, online retailers, others

By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The global baby food and formula market report offers detailed information on several market vendors, including Nestle S.A., Danone SA, Reckitt Benckiser Group plc, Abbott Laboratories, Royal FrieslandCampina N.V., The Kraft Heinz Company, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.



Scope of the Report

• To analyze and forecast the market size of the global baby food and formula market.
• To classify and forecast the global baby food and formula market based on type, distribution channel, region.
• To identify drivers and challenges for the global baby food and formula market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global baby food and formula market.
• To identify and analyze the profile of leading players operating in the global baby food and formula market.

• Gain a reliable outlook of the global baby food and formula market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.