The global Baby Infant Formula market size was valued at USD 22600 million in 2023 and is forecast to a readjusted size of USD 32150 million by 2030 with a CAGR of 5.2% during review period.
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".
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 楼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 楼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.
This report includes an overview of the development of the Baby Infant Formula industry chain, the market status of Supermarkets (Infant Milk, Follow-on-Milk), Pharmacy/Medical Stores (Infant Milk, Follow-on-Milk), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Baby Infant Formula.
Regionally, the report analyzes the Baby Infant Formula markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Baby Infant Formula market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Baby Infant Formula market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Baby Infant Formula industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Infant Milk, Follow-on-Milk).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Baby Infant Formula market.
Regional Analysis: The report involves examining the Baby Infant Formula market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Baby Infant Formula market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Baby Infant Formula:
Company Analysis: Report covers individual Baby Infant Formula manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Baby Infant Formula This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Supermarkets, Pharmacy/Medical Stores).
Technology Analysis: Report covers specific technologies relevant to Baby Infant Formula. It assesses the current state, advancements, and potential future developments in Baby Infant Formula areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Baby Infant Formula market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Baby Infant Formula market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Infant Milk
Follow-on-Milk
Specialty Baby Milk
Growing-up Milk
Market segment by Application
Supermarkets
Pharmacy/Medical Stores
Specialty Stores
Hard Discounter Stores
Others
Major players covered
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
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Baby Infant Formula product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Baby Infant Formula, with price, sales, revenue and global market share of Baby Infant Formula from 2019 to 2024.
Chapter 3, the Baby Infant Formula competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Baby Infant Formula breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Baby Infant Formula market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Baby Infant Formula.
Chapter 14 and 15, to describe Baby Infant Formula sales channel, distributors, customers, research findings and conclusion.
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1 Market Overview
1.1 Product Overview and Scope of Baby Infant Formula
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Baby Infant Formula Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 Infant Milk
1.3.3 Follow-on-Milk
1.3.4 Specialty Baby Milk
1.3.5 Growing-up Milk
1.4 Market Analysis by Application
1.4.1 Overview: Global Baby Infant Formula Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Supermarkets
1.4.3 Pharmacy/Medical Stores
1.4.4 Specialty Stores
1.4.5 Hard Discounter Stores
1.4.6 Others
1.5 Global Baby Infant Formula Market Size & Forecast
1.5.1 Global Baby Infant Formula Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Baby Infant Formula Sales Quantity (2019-2030)
1.5.3 Global Baby Infant Formula Average Price (2019-2030)
2 Manufacturers Profiles
2.1 Abbott Laboratories
2.1.1 Abbott Laboratories Details
2.1.2 Abbott Laboratories Major Business
2.1.3 Abbott Laboratories Baby Infant Formula Product and Services
2.1.4 Abbott Laboratories Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Abbott Laboratories Recent Developments/Updates
2.2 Arla Foods
2.2.1 Arla Foods Details
2.2.2 Arla Foods Major Business
2.2.3 Arla Foods Baby Infant Formula Product and Services
2.2.4 Arla Foods Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Arla Foods Recent Developments/Updates
2.3 Beingmate Group Co. Ltd.
2.3.1 Beingmate Group Co. Ltd. Details
2.3.2 Beingmate Group Co. Ltd. Major Business
2.3.3 Beingmate Group Co. Ltd. Baby Infant Formula Product and Services
2.3.4 Beingmate Group Co. Ltd. Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Beingmate Group Co. Ltd. Recent Developments/Updates
2.4 Campbell Soup Company
2.4.1 Campbell Soup Company Details
2.4.2 Campbell Soup Company Major Business
2.4.3 Campbell Soup Company Baby Infant Formula Product and Services
2.4.4 Campbell Soup Company Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Campbell Soup Company Recent Developments/Updates
2.5 D. SIGNSTORE
2.5.1 D. SIGNSTORE Details
2.5.2 D. SIGNSTORE Major Business
2.5.3 D. SIGNSTORE Baby Infant Formula Product and Services
2.5.4 D. SIGNSTORE Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 D. SIGNSTORE Recent Developments/Updates
2.6 Danone
2.6.1 Danone Details
2.6.2 Danone Major Business
2.6.3 Danone Baby Infant Formula Product and Services
2.6.4 Danone Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 Danone Recent Developments/Updates
2.7 Heinz and Hain Celestial Group
2.7.1 Heinz and Hain Celestial Group Details
2.7.2 Heinz and Hain Celestial Group Major Business
2.7.3 Heinz and Hain Celestial Group Baby Infant Formula Product and Services
2.7.4 Heinz and Hain Celestial Group Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Heinz and Hain Celestial Group Recent Developments/Updates
2.8 HiPP GmbH & Co.
2.8.1 HiPP GmbH & Co. Details
2.8.2 HiPP GmbH & Co. Major Business
2.8.3 HiPP GmbH & Co. Baby Infant Formula Product and Services
2.8.4 HiPP GmbH & Co. Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 HiPP GmbH & Co. Recent Developments/Updates
2.9 Mead Johnson Nutrition Company, LLC
2.9.1 Mead Johnson Nutrition Company, LLC Details
2.9.2 Mead Johnson Nutrition Company, LLC Major Business
2.9.3 Mead Johnson Nutrition Company, LLC Baby Infant Formula Product and Services
2.9.4 Mead Johnson Nutrition Company, LLC Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Mead Johnson Nutrition Company, LLC Recent Developments/Updates
2.10 Nestle S.A
2.10.1 Nestle S.A Details
2.10.2 Nestle S.A Major Business
2.10.3 Nestle S.A Baby Infant Formula Product and Services
2.10.4 Nestle S.A Baby Infant Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Nestle S.A Recent Developments/Updates
3 Competitive Environment: Baby Infant Formula by Manufacturer
3.1 Global Baby Infant Formula Sales Quantity by Manufacturer (2019-2024)
3.2 Global Baby Infant Formula Revenue by Manufacturer (2019-2024)
3.3 Global Baby Infant Formula Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
3.4.1 Producer Shipments of Baby Infant Formula by Manufacturer Revenue ($MM) and Market Share (%): 2023
3.4.2 Top 3 Baby Infant Formula Manufacturer Market Share in 2023
3.4.2 Top 6 Baby Infant Formula Manufacturer Market Share in 2023
3.5 Baby Infant Formula Market: Overall Company Footprint Analysis
3.5.1 Baby Infant Formula Market: Region Footprint
3.5.2 Baby Infant Formula Market: Company Product Type Footprint
3.5.3 Baby Infant Formula Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Baby Infant Formula Market Size by Region
4.1.1 Global Baby Infant Formula Sales Quantity by Region (2019-2030)
4.1.2 Global Baby Infant Formula Consumption Value by Region (2019-2030)
4.1.3 Global Baby Infant Formula Average Price by Region (2019-2030)
4.2 North America Baby Infant Formula Consumption Value (2019-2030)
4.3 Europe Baby Infant Formula Consumption Value (2019-2030)
4.4 Asia-Pacific Baby Infant Formula Consumption Value (2019-2030)
4.5 South America Baby Infant Formula Consumption Value (2019-2030)
4.6 Middle East and Africa Baby Infant Formula Consumption Value (2019-2030)
5 Market Segment by Type
5.1 Global Baby Infant Formula Sales Quantity by Type (2019-2030)
5.2 Global Baby Infant Formula Consumption Value by Type (2019-2030)
5.3 Global Baby Infant Formula Average Price by Type (2019-2030)
6 Market Segment by Application
6.1 Global Baby Infant Formula Sales Quantity by Application (2019-2030)
6.2 Global Baby Infant Formula Consumption Value by Application (2019-2030)
6.3 Global Baby Infant Formula Average Price by Application (2019-2030)
7 North America
7.1 North America Baby Infant Formula Sales Quantity by Type (2019-2030)
7.2 North America Baby Infant Formula Sales Quantity by Application (2019-2030)
7.3 North America Baby Infant Formula Market Size by Country
7.3.1 North America Baby Infant Formula Sales Quantity by Country (2019-2030)
7.3.2 North America Baby Infant Formula Consumption Value by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
8.1 Europe Baby Infant Formula Sales Quantity by Type (2019-2030)
8.2 Europe Baby Infant Formula Sales Quantity by Application (2019-2030)
8.3 Europe Baby Infant Formula Market Size by Country
8.3.1 Europe Baby Infant Formula Sales Quantity by Country (2019-2030)
8.3.2 Europe Baby Infant Formula Consumption Value by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Baby Infant Formula Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Baby Infant Formula Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Baby Infant Formula Market Size by Region
9.3.1 Asia-Pacific Baby Infant Formula Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Baby Infant Formula Consumption Value by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
10.1 South America Baby Infant Formula Sales Quantity by Type (2019-2030)
10.2 South America Baby Infant Formula Sales Quantity by Application (2019-2030)
10.3 South America Baby Infant Formula Market Size by Country
10.3.1 South America Baby Infant Formula Sales Quantity by Country (2019-2030)
10.3.2 South America Baby Infant Formula Consumption Value by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Baby Infant Formula Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Baby Infant Formula Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Baby Infant Formula Market Size by Country
11.3.1 Middle East & Africa Baby Infant Formula Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Baby Infant Formula Consumption Value by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
12.1 Baby Infant Formula Market Drivers
12.2 Baby Infant Formula Market Restraints
12.3 Baby Infant Formula Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Baby Infant Formula and Key Manufacturers
13.2 Manufacturing Costs Percentage of Baby Infant Formula
13.3 Baby Infant Formula Production Process
13.4 Baby Infant Formula Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Baby Infant Formula Typical Distributors
14.3 Baby Infant Formula Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
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
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*If Applicable.