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Synopsis
Infant formula, or baby formula, is a manufactured food designed and marketed for feeding to babies and infants under 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder (mixed with water) or liquid (with or without additional water). The U.S. Federal Food, Drug, and Cosmetic Act (FFDCA) defines infant formula as "a food which purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk".
The global Baby Infant Formula market size is expected to reach US$ 32700 million by 2029, growing at a CAGR of 5.4% from 2023 to 2029. The market is mainly driven by the significant applications of Baby Infant Formula in various end use industries.
The expanding demands from the Supermarkets, Pharmacy/Medical Stores, Specialty Stores and Hard Discounter Stores, are propelling Baby Infant Formula market. Infant Milk, 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 Follow-on-Milk 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 Infant 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 Infant 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 Infant Formula market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Baby Infant 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 Infant Formula covered in this report include Abbott Laboratories, Arla Foods, Beingmate Group Co. Ltd., Campbell Soup Company, D. SIGNSTORE, Danone, Heinz and Hain Celestial Group, HiPP GmbH & Co. and Mead Johnson Nutrition Company, LLC, etc.
The global Baby Infant 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 Laboratories
- Arla Foods
- Beingmate Group Co. Ltd.
- Campbell Soup Company
- D. SIGNSTORE
- Danone
- Heinz and Hain Celestial Group
- HiPP GmbH & Co.
- Mead Johnson Nutrition Company, LLC
- Nestle S.A
Global Baby Infant 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 Infant Formula market, Segment by Type:
- Infant Milk
- Follow-on-Milk
- Specialty Baby Milk
- Growing-up Milk
Global Baby Infant Formula market, by Application
- Supermarkets
- Pharmacy/Medical Stores
- Specialty Stores
- Hard Discounter Stores
- Others
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 Infant 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 Infant 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.
Index
1 Baby Infant Formula Market Overview
1.1 Baby Infant Formula Product Overview
1.2 Baby Infant Formula Market Segment by Type
1.2.1 Infant Milk
1.2.2 Follow-on-Milk
1.2.3 Specialty Baby Milk
1.2.4 Growing-up Milk
1.3 Global Baby Infant Formula Market Size by Type
1.3.1 Global Baby Infant Formula Market Size Overview by Type (2018-2029)
1.3.2 Global Baby Infant Formula Historic Market Size Review by Type (2018-2023)
1.3.3 Global Baby Infant Formula Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Baby Infant Formula Sales Breakdown by Type (2018-2023)
1.4.2 Europe Baby Infant Formula Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Baby Infant Formula Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Baby Infant Formula Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Baby Infant Formula Sales Breakdown by Type (2018-2023)
2 Global Baby Infant Formula Market Competition by Company
2.1 Global Top Players by Baby Infant Formula Sales (2018-2023)
2.2 Global Top Players by Baby Infant Formula Revenue (2018-2023)
2.3 Global Top Players by Baby Infant Formula Price (2018-2023)
2.4 Global Top Manufacturers Baby Infant Formula Manufacturing Base Distribution, Sales Area, Product Type
2.5 Baby Infant Formula Market Competitive Situation and Trends
2.5.1 Baby Infant Formula Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Baby Infant 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 Infant Formula as of 2022)
2.7 Date of Key Manufacturers Enter into Baby Infant Formula Market
2.8 Key Manufacturers Baby Infant Formula Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Baby Infant Formula Status and Outlook by Region
3.1 Global Baby Infant Formula Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Baby Infant Formula Historic Market Size by Region
3.2.1 Global Baby Infant Formula Sales in Volume by Region (2018-2023)
3.2.2 Global Baby Infant Formula Sales in Value by Region (2018-2023)
3.2.3 Global Baby Infant Formula Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Baby Infant Formula Forecasted Market Size by Region
3.3.1 Global Baby Infant Formula Sales in Volume by Region (2024-2029)
3.3.2 Global Baby Infant Formula Sales in Value by Region (2024-2029)
3.3.3 Global Baby Infant Formula Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Baby Infant Formula by Application
4.1 Baby Infant Formula Market Segment by Application
4.1.1 Supermarkets
4.1.2 Pharmacy/Medical Stores
4.1.3 Specialty Stores
4.1.4 Hard Discounter Stores
4.1.5 Others
4.2 Global Baby Infant Formula Market Size by Application
4.2.1 Global Baby Infant Formula Market Size Overview by Application (2018-2029)
4.2.2 Global Baby Infant Formula Historic Market Size Review by Application (2018-2023)
4.2.3 Global Baby Infant Formula Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Baby Infant Formula Sales Breakdown by Application (2018-2023)
4.3.2 Europe Baby Infant Formula Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Baby Infant Formula Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Baby Infant Formula Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Baby Infant Formula Sales Breakdown by Application (2018-2023)
5 North America Baby Infant Formula by Country
5.1 North America Baby Infant Formula Historic Market Size by Country
5.1.1 North America Baby Infant Formula Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Baby Infant Formula Sales in Volume by Country (2018-2023)
5.1.3 North America Baby Infant Formula Sales in Value by Country (2018-2023)
5.2 North America Baby Infant Formula Forecasted Market Size by Country
5.2.1 North America Baby Infant Formula Sales in Volume by Country (2024-2029)
5.2.2 North America Baby Infant Formula Sales in Value by Country (2024-2029)
6 Europe Baby Infant Formula by Country
6.1 Europe Baby Infant Formula Historic Market Size by Country
6.1.1 Europe Baby Infant Formula Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Baby Infant Formula Sales in Volume by Country (2018-2023)
6.1.3 Europe Baby Infant Formula Sales in Value by Country (2018-2023)
6.2 Europe Baby Infant Formula Forecasted Market Size by Country
6.2.1 Europe Baby Infant Formula Sales in Volume by Country (2024-2029)
6.2.2 Europe Baby Infant Formula Sales in Value by Country (2024-2029)
7 Asia-Pacific Baby Infant Formula by Region
7.1 Asia-Pacific Baby Infant Formula Historic Market Size by Region
7.1.1 Asia-Pacific Baby Infant Formula Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Baby Infant Formula Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Baby Infant Formula Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Baby Infant Formula Forecasted Market Size by Region
7.2.1 Asia-Pacific Baby Infant Formula Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Baby Infant Formula Sales in Value by Region (2024-2029)
8 Latin America Baby Infant Formula by Country
8.1 Latin America Baby Infant Formula Historic Market Size by Country
8.1.1 Latin America Baby Infant Formula Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Baby Infant Formula Sales in Volume by Country (2018-2023)
8.1.3 Latin America Baby Infant Formula Sales in Value by Country (2018-2023)
8.2 Latin America Baby Infant Formula Forecasted Market Size by Country
8.2.1 Latin America Baby Infant Formula Sales in Volume by Country (2024-2029)
8.2.2 Latin America Baby Infant Formula Sales in Value by Country (2024-2029)
9 Middle East and Africa Baby Infant Formula by Country
9.1 Middle East and Africa Baby Infant Formula Historic Market Size by Country
9.1.1 Middle East and Africa Baby Infant Formula Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Baby Infant Formula Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Baby Infant Formula Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Baby Infant Formula Forecasted Market Size by Country
9.2.1 Middle East and Africa Baby Infant Formula Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Baby Infant Formula Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Abbott Laboratories
10.1.1 Abbott Laboratories Company Information
10.1.2 Abbott Laboratories Introduction and Business Overview
10.1.3 Abbott Laboratories Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Abbott Laboratories Baby Infant Formula Products Offered
10.1.5 Abbott Laboratories Recent Development
10.2 Arla Foods
10.2.1 Arla Foods Company Information
10.2.2 Arla Foods Introduction and Business Overview
10.2.3 Arla Foods Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Arla Foods Baby Infant Formula Products Offered
10.2.5 Arla Foods Recent Development
10.3 Beingmate Group Co. Ltd.
10.3.1 Beingmate Group Co. Ltd. Company Information
10.3.2 Beingmate Group Co. Ltd. Introduction and Business Overview
10.3.3 Beingmate Group Co. Ltd. Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Beingmate Group Co. Ltd. Baby Infant Formula Products Offered
10.3.5 Beingmate Group Co. Ltd. Recent Development
10.4 Campbell Soup Company
10.4.1 Campbell Soup Company Company Information
10.4.2 Campbell Soup Company Introduction and Business Overview
10.4.3 Campbell Soup Company Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Campbell Soup Company Baby Infant Formula Products Offered
10.4.5 Campbell Soup Company Recent Development
10.5 D. SIGNSTORE
10.5.1 D. SIGNSTORE Company Information
10.5.2 D. SIGNSTORE Introduction and Business Overview
10.5.3 D. SIGNSTORE Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.5.4 D. SIGNSTORE Baby Infant Formula Products Offered
10.5.5 D. SIGNSTORE Recent Development
10.6 Danone
10.6.1 Danone Company Information
10.6.2 Danone Introduction and Business Overview
10.6.3 Danone Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Danone Baby Infant Formula Products Offered
10.6.5 Danone Recent Development
10.7 Heinz and Hain Celestial Group
10.7.1 Heinz and Hain Celestial Group Company Information
10.7.2 Heinz and Hain Celestial Group Introduction and Business Overview
10.7.3 Heinz and Hain Celestial Group Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Heinz and Hain Celestial Group Baby Infant Formula Products Offered
10.7.5 Heinz and Hain Celestial Group Recent Development
10.8 HiPP GmbH & Co.
10.8.1 HiPP GmbH & Co. Company Information
10.8.2 HiPP GmbH & Co. Introduction and Business Overview
10.8.3 HiPP GmbH & Co. Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.8.4 HiPP GmbH & Co. Baby Infant Formula Products Offered
10.8.5 HiPP GmbH & Co. Recent Development
10.9 Mead Johnson Nutrition Company, LLC
10.9.1 Mead Johnson Nutrition Company, LLC Company Information
10.9.2 Mead Johnson Nutrition Company, LLC Introduction and Business Overview
10.9.3 Mead Johnson Nutrition Company, LLC Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Mead Johnson Nutrition Company, LLC Baby Infant Formula Products Offered
10.9.5 Mead Johnson Nutrition Company, LLC Recent Development
10.10 Nestle S.A
10.10.1 Nestle S.A Company Information
10.10.2 Nestle S.A Introduction and Business Overview
10.10.3 Nestle S.A Baby Infant Formula Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Nestle S.A Baby Infant Formula Products Offered
10.10.5 Nestle S.A Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Baby Infant 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 Infant Formula Industrial Chain Analysis
11.4 Baby Infant Formula Market Dynamics
11.4.1 Baby Infant Formula Industry Trends
11.4.2 Baby Infant Formula Market Drivers
11.4.3 Baby Infant Formula Market Challenges
11.4.4 Baby Infant Formula Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Baby Infant Formula Distributors
12.3 Baby Infant 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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