Global Baby Foods and Infant Formula Market Growth 2023-2029

Global Baby Foods and Infant Formula Market Growth 2023-2029

Baby food products help in fulfilling nutritional requirements of babies and help in their physical growth and development. Infant formula products are to meet the nutritional needs of babies by adding various nutrients to milk powder to achieve an effect close to breast milk.
LPI (LP Information)' newest research report, the “Baby Foods and Infant Formula Industry Forecast” looks at past sales and reviews total world Baby Foods and Infant Formula sales in 2022, providing a comprehensive analysis by region and market sector of projected Baby Foods and Infant Formula sales for 2023 through 2029. With Baby Foods and Infant Formula sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Baby Foods and Infant Formula industry.
This Insight Report provides a comprehensive analysis of the global Baby Foods and Infant 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 Foods and Infant Formula portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Baby Foods and Infant Formula market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Baby Foods and Infant Formula and breaks down the forecast by type, by sales channel, 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 Foods and Infant Formula.
The global Baby Foods and Infant Formula market size is projected to grow from US$ 35920 million in 2022 to US$ 41470 million in 2029; it is expected to grow at a CAGR of 41470 from 2023 to 2029.
The major global manufacturers of baby food and formula include Beingmate, Hipp, Mead Johnson, Arla Foods, FrieslandCampina, Morinaga Milk, Yili Group, Danone, Abbott, Nestle, China Feihe, Hero Group and Meiji, etc., which are mainly distributed in Europe, North America, China and Japan, accounting for more than 60% of the market share. The world's largest consumer region is the Asia-Pacific region, which accounts for half of the market, followed by Europe and North America at 22 and 16 per cent, respectively.
Baby Foods and Infant Formula includes Milk Formula and Infant Complementary Foods, Milk Formula occupies the main market share. Among them, A2 Infant Formulas is the closest natural formula, so it is also widely favored by consumers. In 2019, it occupied 4% of the entire market.
The sales of Baby Foods and Infant Formula are mainly carried out through offline channels, of which Supermarket/Hypermarket and Baby Stores account for 23% and 36% of the market respectively in 2019. However, online sales will grow rapidly in the future.
This report presents a comprehensive overview, market shares, and growth opportunities of Baby Foods and Infant Formula market by product type, sales channel, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Milk Formula
A2 Infant Formulas
Infant Complementary Foods
Segmentation by sales channel
Offline Retail
E-Commerce
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.
Beingmate
HiPP
Mead Johnson
Arla Foods
FrieslandCampina
Morinaga Milk
Yili Group
Danone
Abbott
Nestle
China Feihe
Hero Group
Meiji

Key Questions Addressed in this Report
What is the 10-year outlook for the global Baby Foods and Infant Formula market?
What factors are driving Baby Foods and Infant Formula market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Baby Foods and Infant Formula market opportunities vary by end market size?
How does Baby Foods and Infant Formula break out type, sales channel?
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.