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Baby Food and Formula-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Baby Food and Formula market size is expected to reach US$ 64280 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Baby Food and Formula in various end use industries. The expanding demands from the Supermarkets and Hypermarkets, Speciality Stores and Small Grocery Stores,, are propelling Baby Food and Formula market. Prepared Food, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Dried Food segment is estimated at % CAGR for the next seven-year period.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Baby Food and Formula, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Baby Food and Formula market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Baby Food and Formula market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Baby Food and Formula sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Baby Food and Formula covered in this report include Abbott's, Danone, Kraft Heinz, MJN and Nestlé, etc.
The global Baby Food and Formula market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Abbott's
Danone
Kraft Heinz
MJN
Nestlé
Global Baby Food and Formula market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Baby Food and Formula market, Segment by Type:
Prepared Food
Dried Food
Milk Formula
Global Baby Food and Formula market, by Application
Supermarkets and Hypermarkets
Speciality Stores
Small Grocery Stores
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Baby Food and Formula manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Baby Food and Formula in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Baby Food and Formula market size is expected to reach US$ 64280 million by 2029, growing at a CAGR of 4.6% from 2023 to 2029. The market is mainly driven by the significant applications of Baby Food and Formula in various end use industries. The expanding demands from the Supermarkets and Hypermarkets, Speciality Stores and Small Grocery Stores,, are propelling Baby Food and Formula market. Prepared Food, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Dried Food segment is estimated at % CAGR for the next seven-year period.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Baby Food and Formula, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Baby Food and Formula market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Baby Food and Formula market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Baby Food and Formula sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Baby Food and Formula covered in this report include Abbott's, Danone, Kraft Heinz, MJN and Nestlé, etc.
The global Baby Food and Formula market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Abbott's
Danone
Kraft Heinz
MJN
Nestlé
Global Baby Food and Formula market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Baby Food and Formula market, Segment by Type:
Prepared Food
Dried Food
Milk Formula
Global Baby Food and Formula market, by Application
Supermarkets and Hypermarkets
Speciality Stores
Small Grocery Stores
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Baby Food and Formula manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Baby Food and Formula in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Baby Food and Formula Market Overview
1.1 Baby Food and Formula Product Overview
1.2 Baby Food and Formula Market Segment by Type
1.2.1 Prepared Food
1.2.2 Dried Food
1.2.3 Milk Formula
1.3 Global Baby Food and Formula Market Size by Type
1.3.1 Global Baby Food and Formula Market Size Overview by Type (2018-2029)
1.3.2 Global Baby Food and Formula Historic Market Size Review by Type (2018-2023)
1.3.3 Global Baby Food and Formula Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Baby Food and Formula Sales Breakdown by Type (2018-2023)
1.4.2 Europe Baby Food and Formula Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Baby Food and Formula Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Baby Food and Formula Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Baby Food and Formula Sales Breakdown by Type (2018-2023)
2 Global Baby Food and Formula Market Competition by Company
2.1 Global Top Players by Baby Food and Formula Sales (2018-2023)
2.2 Global Top Players by Baby Food and Formula Revenue (2018-2023)
2.3 Global Top Players by Baby Food and Formula Price (2018-2023)
2.4 Global Top Manufacturers Baby Food and Formula Manufacturing Base Distribution, Sales Area, Product Type
2.5 Baby Food and Formula Market Competitive Situation and Trends
2.5.1 Baby Food and Formula Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Baby Food and Formula Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Baby Food and Formula as of 2022)
2.7 Date of Key Manufacturers Enter into Baby Food and Formula Market
2.8 Key Manufacturers Baby Food and Formula Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Baby Food and Formula Status and Outlook by Region
3.1 Global Baby Food and Formula Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Baby Food and Formula Historic Market Size by Region
3.2.1 Global Baby Food and Formula Sales in Volume by Region (2018-2023)
3.2.2 Global Baby Food and Formula Sales in Value by Region (2018-2023)
3.2.3 Global Baby Food and Formula Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Baby Food and Formula Forecasted Market Size by Region
3.3.1 Global Baby Food and Formula Sales in Volume by Region (2024-2029)
3.3.2 Global Baby Food and Formula Sales in Value by Region (2024-2029)
3.3.3 Global Baby Food and Formula Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Baby Food and Formula by Application
4.1 Baby Food and Formula Market Segment by Application
4.1.1 Supermarkets and Hypermarkets
4.1.2 Speciality Stores
4.1.3 Small Grocery Stores
4.2 Global Baby Food and Formula Market Size by Application
4.2.1 Global Baby Food and Formula Market Size Overview by Application (2018-2029)
4.2.2 Global Baby Food and Formula Historic Market Size Review by Application (2018-2023)
4.2.3 Global Baby Food and Formula Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Baby Food and Formula Sales Breakdown by Application (2018-2023)
4.3.2 Europe Baby Food and Formula Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Baby Food and Formula Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Baby Food and Formula Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Baby Food and Formula Sales Breakdown by Application (2018-2023)
5 North America Baby Food and Formula by Country
5.1 North America Baby Food and Formula Historic Market Size by Country
5.1.1 North America Baby Food and Formula Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Baby Food and Formula Sales in Volume by Country (2018-2023)
5.1.3 North America Baby Food and Formula Sales in Value by Country (2018-2023)
5.2 North America Baby Food and Formula Forecasted Market Size by Country
5.2.1 North America Baby Food and Formula Sales in Volume by Country (2024-2029)
5.2.2 North America Baby Food and Formula Sales in Value by Country (2024-2029)
6 Europe Baby Food and Formula by Country
6.1 Europe Baby Food and Formula Historic Market Size by Country
6.1.1 Europe Baby Food and Formula Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Baby Food and Formula Sales in Volume by Country (2018-2023)
6.1.3 Europe Baby Food and Formula Sales in Value by Country (2018-2023)
6.2 Europe Baby Food and Formula Forecasted Market Size by Country
6.2.1 Europe Baby Food and Formula Sales in Volume by Country (2024-2029)
6.2.2 Europe Baby Food and Formula Sales in Value by Country (2024-2029)
7 Asia-Pacific Baby Food and Formula by Region
7.1 Asia-Pacific Baby Food and Formula Historic Market Size by Region
7.1.1 Asia-Pacific Baby Food and Formula Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Baby Food and Formula Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Baby Food and Formula Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Baby Food and Formula Forecasted Market Size by Region
7.2.1 Asia-Pacific Baby Food and Formula Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Baby Food and Formula Sales in Value by Region (2024-2029)
8 Latin America Baby Food and Formula by Country
8.1 Latin America Baby Food and Formula Historic Market Size by Country
8.1.1 Latin America Baby Food and Formula Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Baby Food and Formula Sales in Volume by Country (2018-2023)
8.1.3 Latin America Baby Food and Formula Sales in Value by Country (2018-2023)
8.2 Latin America Baby Food and Formula Forecasted Market Size by Country
8.2.1 Latin America Baby Food and Formula Sales in Volume by Country (2024-2029)
8.2.2 Latin America Baby Food and Formula Sales in Value by Country (2024-2029)
9 Middle East and Africa Baby Food and Formula by Country
9.1 Middle East and Africa Baby Food and Formula Historic Market Size by Country
9.1.1 Middle East and Africa Baby Food and Formula Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Baby Food and Formula Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Baby Food and Formula Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Baby Food and Formula Forecasted Market Size by Country
9.2.1 Middle East and Africa Baby Food and Formula Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Baby Food and Formula Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Abbott's
10.1.1 Abbott's Company Information
10.1.2 Abbott's Introduction and Business Overview
10.1.3 Abbott's Baby Food and Formula Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Abbott's Baby Food and Formula Products Offered
10.1.5 Abbott's Recent Development
10.2 Danone
10.2.1 Danone Company Information
10.2.2 Danone Introduction and Business Overview
10.2.3 Danone Baby Food and Formula Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Danone Baby Food and Formula Products Offered
10.2.5 Danone Recent Development
10.3 Kraft Heinz
10.3.1 Kraft Heinz Company Information
10.3.2 Kraft Heinz Introduction and Business Overview
10.3.3 Kraft Heinz Baby Food and Formula Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Kraft Heinz Baby Food and Formula Products Offered
10.3.5 Kraft Heinz Recent Development
10.4 MJN
10.4.1 MJN Company Information
10.4.2 MJN Introduction and Business Overview
10.4.3 MJN Baby Food and Formula Sales, Revenue and Gross Margin (2018-2023)
10.4.4 MJN Baby Food and Formula Products Offered
10.4.5 MJN Recent Development
10.5 Nestlé
10.5.1 Nestlé Company Information
10.5.2 Nestlé Introduction and Business Overview
10.5.3 Nestlé Baby Food and Formula Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nestlé Baby Food and Formula Products Offered
10.5.5 Nestlé Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Baby Food and Formula Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Baby Food and Formula Industrial Chain Analysis
11.4 Baby Food and Formula Market Dynamics
11.4.1 Baby Food and Formula Industry Trends
11.4.2 Baby Food and Formula Market Drivers
11.4.3 Baby Food and Formula Market Challenges
11.4.4 Baby Food and Formula Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Baby Food and Formula Distributors
12.3 Baby Food and Formula Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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