Baby Food Infant Formula Market Summary
As per Market Research Future Analysis, the Global Baby Food and Infant Formula Market was valued at USD 27.00 billion in 2024 and is projected to grow to USD 61.57 billion by 2035, with a CAGR of 7.78% from 2025 to 2035. The market is driven by the rise in working mothers and increased spending on newborn health. The demand for organic baby food is also a significant trend, as parents seek healthier options free from harmful substances.
Key Market Trends & Highlights
Key trends influencing the baby food and infant formula market include the following:
- The market is expected to grow from USD 27.0 billion in 2024 to USD 42.4 billion by 2032.
- Organic baby food demand is rising due to parents' concerns about harmful chemicals.
- Asia-Pacific holds the highest market share, with China leading in infant formula sales.
- Store-based distribution channels dominate, although online sales are increasing.
Market Size & Forecast
2024 Market Size | USD 27.00 Billion |
2035 Market Size | USD 61.57 Billion |
CAGR (2024-2035) | 7.78% |
Major Players
Key companies include Abbott Nutrition, Danone S.A, Kraft Heinz Company, and Nestle S.A.