Global Baby Food and Formula Market Growth 2023-2029

Global Baby Food and Formula Market Growth 2023-2029

Infant milk powder, also known as mother milk powder, is a milk product that is formulated on the basis of ordinary milk powder to meet the infant's nutritional needs. Make it close to human milk ingredients, then add various vitamins and trace elements, suitable for feeding infants.

In the infancy stage, breastmilk is certainly the best food for your baby, but as your baby grows up, it takes about six months to start. Light breast milk or infant formula can no longer meet your baby's nutritional needs. So during this time, in addition to the original breast milk or infant formula, in addition to the baby should be given some solid objects, which is what we call complementary food. Food supplements include rice flour, muddy lake foods, and other homemade foods.

LPI (LP Information)' newest research report, the “Baby Food and Formula Industry Forecast” looks at past sales and reviews total world Baby Food and Formula sales in 2022, providing a comprehensive analysis by region and market sector of projected Baby Food and Formula sales for 2023 through 2029. With Baby Food and Formula sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Baby Food and Formula industry.

This Insight Report provides a comprehensive analysis of the global Baby Food and Formula landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Baby Food and Formula portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Baby Food and Formula market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Baby Food and Formula and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Baby Food and Formula.

The global Baby Food and Formula market size is projected to grow from US$ 45680 million in 2022 to US$ 63380 million in 2029; it is expected to grow at a CAGR of 63380 from 2023 to 2029.

Wellbeing concerns, higher disposable incomes, food safety and government support are key factors contributing to the growth of market. Parents are looking for foods that offer optimal nutrition for the healthy growth. They are also choosing packaged baby foods and formulas to supplement breastfeeding. The growing wellbeing concerns and higher disposable incomes have propelled parents to procure high-quality and expensive baby foods. Additionally, vendors have also come up with organic baby food products that are safer and nutritionally better when compared to conventional foods. Owing to their busy lifestyles and hectic schedules, consumers are opting for online shopping for baby food products, which is time consuming and cheap.

This report presents a comprehensive overview, market shares, and growth opportunities of Baby Food and Formula market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Prepared Food
Dried Food
Milk Formula

Segmentation by application
Supermarkets and Hypermarkets
Speciality Stores
Small Grocery Stores

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott's
Danone
Kraft Heinz
MJN
Nestlé

Key Questions Addressed in this Report

What is the 10-year outlook for the global Baby Food and Formula market?

What factors are driving Baby Food and Formula market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Baby Food and Formula market opportunities vary by end market size?

How does Baby Food and Formula break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.