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The global baby food and infant formula market attained a value of almost USD 66.69 billion in 2023. The market is expected to grow at a CAGR of almost 5.80% over the forecast period of 2024-2032. The industry is further expected to attain a value of around USD 111.08 billion by 2032.
Base Year
Historical Year
Forecast Year
Diverse baby food flavours, including unique ingredients, promote nutritious choices and encourage adventurous eating.
The trend for unique and varied baby food flavours—which include fruits like banana and apple along with more recent additions like seaweed, chocolate, mushrooms, and sweet corn—reflects parents' desire for wholesome and interesting options. This change accommodates growing palates and promotes daring eating from a young age, thereby propelling new trends in the baby food and infant formula market. Happy Baby and other brands have embraced this trend by creating novel flavor combinations that blend superfoods with conventional ingredients. Businesses encourage healthy eating habits in youngsters by providing these creative flavours, which also improve the nutritional profile of their products.
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November 2023
Mother Nurture has introduced 12 healthy and nutritious baby foods in the Indian market, which are without preservatives. These are natural recipes based on the inspiration from traditional Indian flavours. All the produce comes directly from the best farms to aid children's food stages and support healthy eating.
December 2022
Else Nutrition launches plant-based, dairy-free toddler formula in the UK in partnership with leading distributors to allow for national availability. This marks an important milestone for the company's strategic initiatives to expand internationally in markets such as Europe.
Problems such as growing health concerns over artificial ingredients and increased competition from homemade options stifled the baby food and infant formula demand five years ago. Players in the market addressed them through product reformulation that focused on highlighting ingredients as natural and clean-label, not to mention increasing the level of transparency in sourcing. The players also invested in a lot of marketing campaigns educating the customers of the advantages of their products over homemade alternatives. Then, manufacturers also extended their product lines to have organic and fortified ones for embracing the growing necessities of health-conscious parents.
Personalised nutrition offers market players opportunities to cater to specific dietary needs of infants.
The baby food and infant formula market has key opportunities for market players, most notably in terms of growing demand for personalised nutrition. Brands are able to cater to the growing demand from parents for tailored solutions that work best for their infants' specific dietary needs and preferences, propelling the baby food and infant formula market opportunities. Formulas can be tailored for specific allergies, sensitivities, or developmental stages. One of the ways that utilisation of technology, like nutritional intake tracking apps, helps consumers engage with products increases brand loyalty. Companies will be in a position to meet their different needs, therefore, distinguish themselves and gain more shares in the growing market.
Probiotics are increasingly used in formulas to enhance digestive health and immune function.
Probiotics constitute a novel ingredient that is increasingly applied in baby food and infant formulas. Such probiotics are added to the infant formulas to ensure that infants have healthy guts and immune systems. The probiotic-enriched formulas enhance the infant's gut health and their overall development, thereby bolstering the baby food and infant formula market dynamics and trends. Such a trend is observed based on a changing conception of the role that the microbiome plays in infant development. As more and more parents become conscious of the health benefits associated with probiotics, demand for these enhanced formulas is expected to increase manifold.
Growing awareness of infant nutrition drives market growth through innovative, fortified, and organic offerings.
Increasing awareness of infant nutrition among parents is a kay factor propelling growth. With growing health-conscious consumers looking for good quality, companies innovate their product lines. For instance, Nestlé has developed a variety of formulas in fortified flavors and organic baby foods to meet this demand. Considering the importance of essential nutrients for cognitive and physical development, the appeal of the company goes to a set of better-informed, more choosy parents who would otherwise promote growth in the market as a whole.
Regulatory scrutiny and rising competition challenge market growth and consumer trust in products.
One of the major barriers for the baby food and infant formula market has been increasing regulatory oversight and compliance costs. For instance, ingredient labelling requirements, safety standards, and health claims may increase the burden on producers, especially smaller brands and aid in overcoming the baby food and infant formula market challenges. With the growing entry and alternative feeding options, such as homemade baby food and plant-based diets, will challenge market dynamics. Consumer scepticism about product quality and safety is thus a major cause of hesitation in buying; hence, brands have to establish trust and transparency with their consumers.
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“Baby Food and Infant Formula Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
On the basis of type, the market can be divided into the following:
On the basis of distribution channel, the market can be divided into the following:
Based on region, the market can be segregated into:
Milk formula, dried foods, and prepared options drive global market growth and convenience.
Milk formula is the one picking up pace in the global market with its convenient use and necessity that must be provided to babies by working parents. Dried baby food, due to its long shelf life and easy storage advantage, attracts budget-conscious customers. As per baby food and infant formula market analysis, preparatory baby food is picking up as parents look for quick ready-to-eat options that save time yet assure quality. Other options in the range, including organic and plant-based counterparts, are also attracting health-conscious consumers, which adds to the demand for clean-label products and variety in diets, further influencing market dynamics.
Sales grow through supermarkets, pharmacies, convenience stores, and online platforms for accessibility.
Supermarkets and hypermarkets record elevated sales owing to the wide ranges of baby food and infant formulas, which are in many cases sold at competitive prices with promotional discounts. Pharmacies attract health-conscious shoppers due to their specific specialised nutritional products and advice from pharmacists. Convenience stores meet the needs of a busy parent who wants very fast and accessible products, as they increase the impulse purchases. As per baby food and infant formula industry analysis, online platforms have become essential for brands to gain access to a larger audience, with home delivery services as an added value. The multi-channel approach will be able to provide easy access for the parents to purchase the desired products.
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North America Baby Food and Infant Formula Market Opportunities
Focus on health and wellness is a key focus area for the kay players in the North America baby food and infant formula market. This is specifically of utmost significance due to the rising awareness of nutritional requirements, a factor that brands like Enfamil can capitalise upon and develop suitable fortified products regarding probiotics, DHA, and many other nutritional needs. For instance, Enfamil has introduced an infant formula range with the presence of omega-3 fatty acids to help in brain development. This fits with the trend of parents wanting products that are fundamentally beneficial toward overall health and mental development in their children.
Europe Baby Food and Infant Formula Market Dynamics
One major dynamic in the market trend in the Europe baby food and infant formula market is the subscription services. Companies such as Ella's Kitchen are embracing more direct-to-consumer models that use convenient delivery options to adapt to the needs of the customer. Ella's Kitchen launched a subscription service whereby parents can input, as and when required, the stage at which their baby is moving as and when necessary and can change when necessary. This trend makes it convenient for busy parents but favours consumer loyalty and participation in the redefinition of how products are accessed in the market.
Asia Pacific Baby Food and Infant Formula Market Trends
One of the most significant trends in the Asia Pacific baby food and infant formula market is that of the rising demand for plant-based and alternative protein products. Nowadays, many consumers, spurred by healthy and environmentally conscious lifestyle habits, have been looking for healthy and dairy-free infant food. Recently, for example, a large corporation launched a plant-based infant formula combining pea protein with vital nutrients in order to cope with the new order. This trend has captured not only the dietary restrictions but also the impulses of broader sustainable and responsible consumption in the region.
Latin America Baby Food and Infant Formula Market Insights
Health consciousness among parents is further fueling Latin America baby food and infant formula market. A specific insight is the rising demand for organic baby foods, as consumers prioritise natural ingredients free from additives. Countries like Brazil and Mexico have been one of the hot factors with parents looking for products which promote the best possible development for a newborn. Also, e-commerce is nowadays gradually gaining importance to gain further access to a wide range of organic-related food, which has contributed to the dynamics shaping the market in this region.
Middle East and Africa Baby Food and Infant Formula Market Drivers
Increased urbanisation in the region is driving the baby food and infant formula industry in the Middle East and Africa. Increased urbanisation makes way for effects on buying power and convenience for nutrition consumption preferences. Rising awareness of infant health and nutrition as well as increasing working mothers drive demand for ready-to-use formulas. For example, organic and fortified baby foods, which remain small in volume, are experiencing an increase in popularity due to parents demanding that their children have the best. In addition, the presence of e-commerce websites helps facilitate access to various types of baby food, which further boosts the development of the market in that region.
Baby food and infant formula market players are focusing on health-conscious offerings and innovation. They upgrade formulas with tailored nutritional solutions and stress reduced sugar options. Baby food and infant formula companies advance research to improve the nutrition of infants and are expanding into plant-based and organic segments aligned with consumers demanding clean-label and allergen-free products. The commitment reflects a willingness to meet changing needs of parents and infants.
Key industry leaders in this market are:
Abbott Nutrition, founded in 1888, and headquartered in Abbott Park, Illinois, United States. Deals with baby and infant foods, including the Similac infant formula. Its line is based on key nutrients that assist children's growth and development. The company orients its product line toward more defined dietetic needs with sensitive formulas and organic options due to consumer preferences for variety.
Nestlé S.A., founded in 1866 and located in Vevey, Switzerland, operates with a diversified portfolio of baby and infant foods, and the most distinguished brand comes under Cerelac, which features such varieties as cereals and formula, meant to provide nutritional balance in the diet. In fact, recently, the company has launched no-added-sugar variants, thereby talking about the health and wellness benefits that infants derive.
Danone S.A., founded in 1919, and headquartered in Paris, France, offers a diverse collection of baby and infant nutrition products through the two brands of Aptamil and Nutrilon. The products, supported through advanced research in nutritional science, facilitate growth and development for infants at all stages.
Other key players in the global baby food and infant formula market include Mead Johnson & Company, LLC., among others.
December 2022
Nestle India has launched new versions of Cerelac, sugar added without refined. A key criticism had been on high sugar content. The company will now unveil 14 out of 21 variants without added sugar and seven by the end of November.
July 2022
Danone introduces a new Dairy & Plants Blend baby formula to respond to the increasing demand from parents who want their child's feeding to be suitable for vegetarian, flexitarian, and plant-based diets while specifically meeting the unique nutritional needs of a baby. To develop this new dairy & plant-based baby formula recipe, Danone is combining 50 years of scientific research on breastmilk with its heritage of leadership in plant-based foods through its brands Alpro & Silk.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global baby food and infant formula market reached a value of almost USD 66.69 billion.
The market is projected to grow at a CAGR of nearly 5.80% over the forecast period of 2024-2032.
The market is estimated to attain a value of nearly USD 111.08 billion by 2032.
The major drivers of the market are rising disposable incomes, increasing population, availability of enhanced product ranges, and growing consumer awareness.
The expansion of e-commerce websites and growing consumer demand for packaged foods are expected to be key trends influencing the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The various types of baby food and infant formula in the market are milk formula, dried baby food, and prepared baby food, among others.
Supermarkets and hypermarkets are the leading distribution channels in the market.
Abbott Nutrition, Nestlé S.A., Danone S.A., and Mead Johnson & Company, LLC, among others, are the major players in the global baby food and infant formula market.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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