Baby Food and Infant Formula Market is Expected to grow at a 7.78% By 2030

Global Baby Food and Infant formula Market is predicted to reach USD 42.4 billion at a CAGR of 7.78% during the forecast period:


Market Research Future (MRFR) has published a cooked research report on the “Global Baby Food and Infant formula Market” that contains information from 2018 to 2030. The Global Baby Food and Infant formula Market is estimated to register a CAGR of 7.78% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the Global Baby Food and Infant formula Market Abbott Nutrition, Danone S.A, Kraft Heinz Company, and Nestle S.A


Market Highlights


The Global Baby Food and Infant formula Market is accounted to register a CAGR of 7.78% during the forecast period and is estimated to reach USD 42.4 billion by 2030.


The global baby food and infant formula market refers to the industry that manufactures and distributes food products specifically designed for infants and young children. This market includes a wide range of products, such as infant formula, baby cereals, baby snacks, baby drinks, and other complementary foods.


Segment Analysis


The Global Baby Food and Infant formula Market has been segmented based By Type, By Packaging Type, By Distribution Channel


The baby food and infant formula market segmentation, based on type, includes infant formula and baby food. The infant formula segment gradually increased its market share. milk. Casein is the most abundant protein found in cow's milk. Whey protein, on the other hand, is the major protein in breast milk. Baby formula contains vitamins, minerals, carbs, and vegetable oils and is prepared from modified cow


The baby food and infant formula market segmentation, based on packaging type, includes bottles, cans, pouches and others.  The baby food market's pouches segment is both the largest and most competitive. Regarding the category of bottled goods,


The baby food and infant formula market data has been bifurcated by distribution channel into store based and non-store based. The largest portion of the baby food market is made up of store based. Baby packaged food products are popular in hypermarkets all over the world. Due to one-click purchases and easy access to online stores, this market is predicted to move away from hypermarkets. The baby food market is driven by the large volume and effective merchandising of baby food products in numerous supermarkets and convenience stores.


Regional Analysis


The Global Baby Food and Infant formula Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific baby food market held the highest share, and infant formula is predicted to be the fastest expanding market in the near future. Increasing birth rates, rising female labor force participation, rising disposable income, increased public knowledge of baby food and infant formula products, and substantial research and development by numerous companies in the baby food and infant formula market will all contribute to this.


Europe baby food and infant formula market accounts for the second-largest market share. This is due to the region's favorable economic conditions, which allow consumers to pay a premium for higher-quality products.  Further, the German baby food and infant formula market held the largest market share, and the UK baby food and infant formula market was the fastest growing market in the European region.


The North American Baby Food and Infant formula Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the rising demand for baby food and the growing number of working women. In addition to strong awareness levels and rising disposable income, the region's high per capita healthcare spending is a factor in the market's expansion. Moreover, China baby food and infant formula market held the largest market share, and the India baby food and infant formula market was the fastest growing market in the Asia-Pacific region.


For instance, in the US and Canada, Abbott voluntarily recalled a single lot of Calcilo XD powder cans associated with a certain lot number in 2019. Due to color and aroma inconsistencies in a small percentage of the cans from the specific batch, the product was recalled. Recalls of products can harm vendors' reputations and cause them to lose a lot of money. Hence, during the projection period, product recalls may prevent the market from expanding.


Key Findings of the Study



  • The Global Baby Food and Infant formula Market is expected to reach USD 42.4 billion by 2030, at a CAGR of 7.78% during the forecast period.

  • Asia-Pacific baby food market held the highest share, and infant formula is predicted to be the fastest expanding market in the near future.

  • The baby food and infant formula market segmentation, based on type, includes infant formula and baby food. The infant formula segment gradually increased its market share.

  • Abbott Nutrition, Danone S.A, Kraft Heinz Company, Nestle S.A

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Pages 110
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