Market Overview:
The global baby food and formula market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing number of working women, rising awareness about infant nutrition, and growing demand for organic baby food products. The prepared food segment is expected to dominate the global baby food and formula market during the forecast period, owing to its convenience and ease-of-use. The dried food segment is also projected to witness high growth during the forecast period, due to its nutritional benefits. In terms of application, supermarkets and hypermarkets are expected to account for a major share of the global baby food and formula market during the forecast period.
Product Definition:
A food or drink designed for infants, typically one that is mashed or ground to a smooth consistency.
Prepared Food:
Prepared food is the one which is processed and has a longer shelf life than eatable food. It can be categorized into three types, ready-to-eat (RTE), ready to cook (RC) and frozen prepared foods. The market for prepared baby food and infant formula is expected to grow at a significant rate over the forecast period owing to factors such as growing working women population in developing countries like India & China along with increasing disposable income of consumers in developed countries like U.
Dried Food:
Dried food is a powder made from dehydrated or baked goods. It contains all the nutrients that are present in the raw form and hence can be used as a complete substitute for fresh food.
Application Insights:
The supermarkets and hypermarkets segment accounted for the largest share of over 60.0% in 2017. The demand for baby food and formula in this segment is generally higher as compared to that in specialty stores or small grocery stores due to availability of stock available items, wide product range, convenience factor among others. However, increasing penetration of e-commerce has led to a reduction in the sales at traditional retail outlets which may impact market growth during the forecast period.
Specialty stores are expected to be one of the fastest growing segments with a CAGR exceeding 8% from 2018 to 2030 owing primarily to high consumer awareness regarding infant nutrition coupled with an increase preference towards home delivery services which further aids product availability at preferred time schedules along with ease & convenience factors associated therewith.
Regional Analysis:
North America dominated the global baby food and formula market in 2017. The region is expected to maintain its position during the forecast period. Factors such as increasing birth rate, rising consumer awareness about infant nutrition, and presence of well-established manufacturers are anticipated to drive the regional market growth. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 owing to improving economic conditions in developing countries like India and China along with growing population of working millennials are anticipated boost demand for baby food products over the next eight years.
Europe was valued at USD X billion as a major revenue contributor within Europe held significant share within each application category (supermarkets/hypermarkets; specialty stores; small grocery stores).
Growth Factors:
- Increasing number of working women: There is a growing trend of nuclear families and working women in most parts of the world. This has led to an increased demand for baby food and formula as both parents are increasingly busy with work commitments.
- Rising income levels: A large section of the population in developing countries is rising above the poverty line, which has resulted in an increase in discretionary spending on items such as baby food and formula.
- Improved access to information about nutrition: With increasing awareness about the importance of good nutrition for babies, more parents are choosing to feed their children commercially prepared baby food and formula instead of home-cooked meals.
Scope Of The Report
Report Attributes
Report Details
Report Title
Baby Food and Formula Market Research Report
By Type
Prepared Food, Dried Food, Milk Formula
By Application
Supermarkets and Hypermarkets, Speciality Stores, Small Grocery Stores
By Companies
Abbott's, Danone, Kraft Heinz, MJN, Nestlé, Abbott's
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Baby Food and Formula Market Report Segments:
The global Baby Food and Formula market is segmented on the basis of:
Types
Prepared Food, Dried Food, Milk Formula
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets and Hypermarkets, Speciality Stores, Small Grocery Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott's
- Danone
- Kraft Heinz
- MJN
- Nestlé
- Abbott's
Highlights of The Baby Food and Formula Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Prepared Food
- Dried Food
- Milk Formula
- By Application:
- Supermarkets and Hypermarkets
- Speciality Stores
- Small Grocery Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Baby Food and Formula Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Baby food and formula are foods that are specially made for babies. Baby food is usually made from vegetables, fruits, and meat. Formula is a type of baby food that is specially designed to provide all the nutrients a baby needs.
Some of the major companies in the baby food and formula market are Abbott's, Danone, Kraft Heinz, MJN, NestlƒÂ©, Abbott's.
The baby food and formula market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Baby Food and Formula Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Baby Food and Formula Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Baby Food and Formula Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Baby Food and Formula Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Baby Food and Formula Market Size & Forecast, 2018-2028
4.5.1 Baby Food and Formula Market Size and Y-o-Y Growth
4.5.2 Baby Food and Formula Market Absolute $ Opportunity
Chapter 5 Global Baby Food and Formula Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Baby Food and Formula Market Size Forecast by Type
5.2.1 Prepared Food
5.2.2 Dried Food
5.2.3 Milk Formula
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Baby Food and Formula Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Baby Food and Formula Market Size Forecast by Applications
6.2.1 Supermarkets and Hypermarkets
6.2.2 Speciality Stores
6.2.3 Small Grocery Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Baby Food and Formula Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Baby Food and Formula Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Baby Food and Formula Analysis and Forecast
9.1 Introduction
9.2 North America Baby Food and Formula Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Baby Food and Formula Market Size Forecast by Type
9.6.1 Prepared Food
9.6.2 Dried Food
9.6.3 Milk Formula
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Baby Food and Formula Market Size Forecast by Applications
9.10.1 Supermarkets and Hypermarkets
9.10.2 Speciality Stores
9.10.3 Small Grocery Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Baby Food and Formula Analysis and Forecast
10.1 Introduction
10.2 Europe Baby Food and Formula Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Baby Food and Formula Market Size Forecast by Type
10.6.1 Prepared Food
10.6.2 Dried Food
10.6.3 Milk Formula
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Baby Food and Formula Market Size Forecast by Applications
10.10.1 Supermarkets and Hypermarkets
10.10.2 Speciality Stores
10.10.3 Small Grocery Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Baby Food and Formula Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Baby Food and Formula Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Baby Food and Formula Market Size Forecast by Type
11.6.1 Prepared Food
11.6.2 Dried Food
11.6.3 Milk Formula
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Baby Food and Formula Market Size Forecast by Applications
11.10.1 Supermarkets and Hypermarkets
11.10.2 Speciality Stores
11.10.3 Small Grocery Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Baby Food and Formula Analysis and Forecast
12.1 Introduction
12.2 Latin America Baby Food and Formula Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Baby Food and Formula Market Size Forecast by Type
12.6.1 Prepared Food
12.6.2 Dried Food
12.6.3 Milk Formula
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Baby Food and Formula Market Size Forecast by Applications
12.10.1 Supermarkets and Hypermarkets
12.10.2 Speciality Stores
12.10.3 Small Grocery Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Baby Food and Formula Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Baby Food and Formula Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Baby Food and Formula Market Size Forecast by Type
13.6.1 Prepared Food
13.6.2 Dried Food
13.6.3 Milk Formula
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Baby Food and Formula Market Size Forecast by Applications
13.10.1 Supermarkets and Hypermarkets
13.10.2 Speciality Stores
13.10.3 Small Grocery Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Baby Food and Formula Market: Competitive Dashboard
14.2 Global Baby Food and Formula Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott's
14.3.2 Danone
14.3.3 Kraft Heinz
14.3.4 MJN
14.3.5 Nestlé
14.3.6 Abbott's
