Dublin, May 16, 2024 (GLOBE NEWSWIRE) -- The "Baby Foods and Infant Formula - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Baby Foods and Infant Formula Market to Reach $106.1 Billion by 2030
The global market for Baby Foods and Infant Formula estimated at US$69.6 Billion in the year 2023, is projected to reach a revised size of US$106.1 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2023-2030. Milk Formula, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$64.9 Billion by the end of the analysis period. Growth in the Dried Baby Foods segment is estimated at 6.6% CAGR for the next 7-year period.
The baby food and infant formula market is evolving to meet the taste, flavor, health, and nutrition needs of infants, influenced by various factors. Recent market activities and global pediatric nutrition trends highlight changes from the past, present, and future. Significant trends include the relaxation of China's one-child policy, falling milk prices, and a strengthening dollar impacting US company profits.
The U.S. Market is Estimated at $18.1 Billion, While China is Forecast to Grow at 9.8% CAGR
China's stringent monitoring of the infant formula market, the Zika virus in Latin America, and the strong emphasis on breastfeeding by international organizations also shape the market. Consumer preferences are shifting, influenced by generational, racial, and nutritional considerations, as well as demand for convenient packaging and organic options. Strict quality and production regulations continue to impact the market. The outlook sees traditional revenue contributors losing dominance to Asian superpowers, with key competitors' market shares projected for 2024.
The Baby Foods and Infant Formula market in the U.S. is estimated at US$18.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$25.6 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.4 Billion by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 273 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $69.6 Billion |
| Forecasted Market Value (USD) by 2030 | $106.1 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Baby Foods and Infant Formula: Meeting the Taste, Flavor, Health, and Nutrition Needs of the Most Precious Consumers
- Recent Market Activity
- Global Pediatric Nutrition: Fast Facts on the Past, Present, and the Future
- Major Trends Impacting the Global Infant Formula and Baby Food Market
- Relaxation of the One Child Policy of China
- Falling Prices of Milk
- Strengthening Dollar Shrinks Profits for US Companies
- More Stringent Monitoring of Infant Formula Market by China
- The Zika Virus in Latin American Countries
- Strong Emphasis of International Organizations on Breastfeeding
- Changing Consumer Preferences
- Key Factors Impacting Sales
- Generational Influence, Race, and Focus on Nutrition: The Three Major Determinants of Demand for Baby Foods
- Major Factors Influencing Consumer Purchasing Behavior for Baby Food
- Convenient Packaging
- Organic Options
- Focused Health Benefits
- Strict Quality and Production Regulations Continue to Impact Infant Formula Market
- Global Market Outlook
- Traditional Revenue Contributors Lose Market Dominance to Asian Super Powers
- Baby Foods and Infant Formula - Global Key Competitors Percentage Market Share in 2024 (E)
MARKET TRENDS & DRIVERS
- Despite Decline in Global Birth Rates, Innovation and Premiumization Drive Healthy Market Growth
- Surging Popularity of Non-GMO and Organic Infant Formulas Benefit Market Expansion
- Emerging Economies to Provide Major Impetus to the Global Organic Baby Foods Market
- Focus on Breastfeeding Alternatives Drive Steady Growth in Demand for Ready-to-Drink Infant Milk
- High Pressure Processing for Baby Food Products for Maximized Health Benefits
- Demand for Colostrum-based Baby Food Products Gain Momentum
- Food-borne Allergies Propel Demand for Hypo/Anti-Allergic Baby Food
- Higher Levels of Vitamin K1 and Vitamin K2 in Infant Formula: Essential Nutrients for Fortifying Childhood Development
- Rising Incidence of Coeliac Disease Spurs Demand for Gluten-Free Infant Foods
- Specialized Formula Products Inundate the Market
- Soy-based Infant Formula Gains Popularity
- Research on the Right Ingredients to Close the Gap between Formulas and Breast Milk Continues
- Probiotics: The Next Big Thing in Infant Formulas?
- Commercially Prepared Baby Foods: A Boon for Working Parents
- Expanding Consumer Base for Baby Food Market
- Adult Style Recipes Find Favor
- Favorable Demographic and Economic Trends Strengthens Market Prospects
- Ballooning Global Population
- Shrinking Family Size Lead to Higher Discretionary Spending
- India & China: Important Potential Future Markets
- PRODUCT INNOVATIONS AND ADVANCEMENTS
- Infant Formula Brands with Innovative Ingredients
- Major Infant Formula Brands and their Innovative Ingredients: Brief Details
- Recent Innovative Baby Food Launches
- Little Spoon's Organic Baby Food Using High Pressure Processing (HPP)
- Once Upon a Farm's Organic Baby Food without Preservatives
- Yura Yogurt Packaging
- Happy Family Organic Superfoods
- HappyFamily Introduces Pouch-Based, Shelf-STable Food Products
- Beech-Nut Introduces New Baby Foods in Transparent Glass Honey-Pot Jars
- Gerber Introduced New Soft Foods to Promote Chewing in Babies
- Plum Organics Introduces One-Serve Pasta Package
- Innovations in Baby Food Ranges from Novel Baby Formulas to Digitized Infant Accessories
- Recent Innovations in Organic Baby Formulas
- Grow Well Organic Infant Formula from Plum Organics
- Baby's Only Organic LactoRelief Formula
- Baby's Only Organic Formula with DHA and ARA
- Happy Tot's Grow & Shine Organic Toddler Milk
- Earth's Best Organic Infant Formula
- Vermont Organics Infant Formula
- Select Innovative Organic Baby Cereals
- Earth's Best Organic Whole Grain Multi-Grain Cereal
- Happy Baby's Organic Puffs
- Plum Organics' Hello Morning Oatmeal
- Organic Single Grain Oatmeal Baby Cereal from Gerber
- Happy Baby's Organic Probiotic Baby Cereal
- Infant Formula Containing 2'-FL Enhances Inflammatory Cytokines
- Danone-Nutricia Supports Use of Fortified Toddler Milk for Enhanced Vitamin D and Iron Status
- Bimuno Displays Similar Digestive System Related Functionality as HMOS
- Human Milk Oligosaccharides (HMOs) for Developing Innovative Baby Food Solutions
- N-Acetyl-D-Neuramicin Acid Contain More Sialic Acid to Replicate Breast Milk
- ARA and DHA Enriched Baby Food
- Lactalbumin, Lactoferrin, Casein Glycomacropeptide and ucleotides: High Value Ingredients
- Importance of Lipid Sciences in Brain and Vision Development in Infants
- High-beta-palmitate Oils
- Human Lipid Fat Analogue
- Complex Lipid Matrices
- Select Clinical Studies Assessing the Benefits of Lipids in Infant Formula (2013)
FOCUS ON SELECT PLAYERS (Total 41 Featured)
- Abbott Laboratories (USA)
- Abbott Nutrition (USA)
- AMUL (India)
- Ausnutria Dairy Corporation Ltd. (China)
- Balactan Nutrition (Spain)
- Beingmate Group Co., Ltd. (China)
- Bellamy's Organic (Australia)
- Biostime Inc. (China)
- Dana Dairy Group (Switzerland)
- Danone SA (France)
- Danone Nutricia (France)
- Bledina SA (France)
- Cow & Gate (UK)
- Milupa Nutricia GmbH (Germany)
- Nurture Inc. (Happy Family) (USA)
- Daqing Dairy Holdings Limited (China)
- Feihe International, Inc. (China)
- Fonterra Co-operative Group (New Zealand)
- H. J. Heinz Company (USA)
- Hain Celestial Group (USA)
- Ella's Kitchen (Brands) Limited (UK)
- Hero Group (Switzerland)
- Beech-Nut Nutrition Corporation (USA)
- Semper AB (Sweden)
- HiPP UK Ltd. (UK)
- Hong Kong Wissun Group (China)
- Mead Johnson Nutrition Company (USA)
- Meiji Co., Ltd. (Japan)
- Morinaga Milk Industry Co., Ltd. (Japan)
- Nestle S.A. (Switzerland)
- Gerber Products Company (USA)
- Parent's Choice (USA)
- Perrigo Company plc (Ireland)
- Plum Organics (USA)
- Synlait Milk Ltd. (New Zealand)
- Synutra International Inc. (USA)
- The a2 Milk Company (Australia)
- Wakodo Co. Ltd. (Japan)
- Yashili International Holdings Ltd. (China)
- Yili Group (China)
For more information about this report visit https://www.researchandmarkets.com/r/gb2eiy
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