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Global Baby Food and Infant Formula Market 2023-2027

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    Report

  • 120 Pages
  • November 2022
  • Region: Global
  • TechNavio
  • ID: 5157089
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The baby food and infant formula market is poised to grow by $34,378.13 million during 2023-2027, accelerating at a CAGR of 6.96% during the forecast period. The market is driven by new product launches, an increasing number of working mothers, and growing health concerns among parents.

This report on the baby food and infant formula market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The baby food and infant formula market is segmented as below:

By Product

  • Infant formula
  • Baby food

By Type

  • Milk formula
  • Dried baby food
  • Prepared baby food
  • Others

By Geography

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the increasing demand for organic baby food products as one of the prime reasons driving the baby food and infant formula market growth during the next few years. Also, expanding the organized retail landscape and innovations in packaging will lead to sizable demand in the market.

The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters.

This report on the baby food and infant formula market covers the following areas:

  • Baby food and infant formula market sizing
  • Baby food and infant formula market forecast
  • Baby food and infant formula market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading baby food and infant formula market vendors that include Abbott Laboratories, Beingmate Co. Ltd., Danone SA, GreenSpace Brands Inc., HiPP GmbH and Co. Vertrieb KG, Nestle SA, Reckitt Benckiser Group PLC, Emirates Industry for Camel Milk and Products, Fonterra Cooperative Group Ltd., The Kraft Heinz Co., Gujarat Cooperative Milk Marketing Federation, Hero Group, Ausnutria Dairy Corp. Ltd., LACTALIS Group, Meiji Holdings Co. Ltd., Campbell Soup Co., PZ Cussons Plc, Ellas Kitchen Brands Ltd., and Else Nutrition Holdings Inc. Also, the baby food and infant formula market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global baby food and infant formula market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global baby food and infant formula market 2017 - 2021 ($ million)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
6.1 Market segments
Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Infant formula - Market size and forecast 2022-2027
Exhibit 34: Chart on Infant formula - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Infant formula - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Infant formula - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Infant formula - Year-over-year growth 2022-2027 (%)
6.4 Baby food - Market size and forecast 2022-2027
Exhibit 38: Chart on Baby food - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Baby food - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Baby food - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Baby food - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 43: Chart on Type - Market share 2022-2027 (%)
Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type
7.3 Milk formula - Market size and forecast 2022-2027
Exhibit 47: Chart on Milk formula - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Milk formula - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Milk formula - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Milk formula - Year-over-year growth 2022-2027 (%)
7.4 Dried baby food - Market size and forecast 2022-2027
Exhibit 51: Chart on Dried baby food - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Dried baby food - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Dried baby food - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Dried baby food - Year-over-year growth 2022-2027 (%)
7.5 Prepared baby food - Market size and forecast 2022-2027
Exhibit 55: Chart on Prepared baby food - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Prepared baby food - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Prepared baby food - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Prepared baby food - Year-over-year growth 2022-2027 (%)
7.6 Others - Market size and forecast 2022-2027
Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by Type
Exhibit 63: Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 65: Chart on Market share by geography 2022-2027 (%)
Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 India - Market size and forecast 2022-2027
Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
9.13 Canada - Market size and forecast 2022-2027
Exhibit 109: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.14 Market opportunity by geography
Exhibit 113: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 116: Overview on factors of disruption
11.4 Industry risks
Exhibit 117: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 118: Vendors covered
12.2 Market positioning of vendors
Exhibit 119: Matrix on vendor position and classification
12.3 Abbott Laboratories
Exhibit 120: Abbott Laboratories - Overview
Exhibit 121: Abbott Laboratories - Business segments
Exhibit 122: Abbott Laboratories - Key news
Exhibit 123: Abbott Laboratories - Key offerings
Exhibit 124: Abbott Laboratories - Segment focus
12.4 Ausnutria Dairy Corp. Ltd.
Exhibit 125: Ausnutria Dairy Corp. Ltd. - Overview
Exhibit 126: Ausnutria Dairy Corp. Ltd. - Business segments
Exhibit 127: Ausnutria Dairy Corp. Ltd. - Key offerings
Exhibit 128: Ausnutria Dairy Corp. Ltd. - Segment focus
12.5 Beingmate Co. Ltd.
Exhibit 129: Beingmate Co. Ltd. - Overview
Exhibit 130: Beingmate Co. Ltd. - Product / Service
Exhibit 131: Beingmate Co. Ltd. - Key offerings
12.6 Campbell Soup Co.
Exhibit 132: Campbell Soup Co. - Overview
Exhibit 133: Campbell Soup Co. - Business segments
Exhibit 134: Campbell Soup Co. - Key offerings
Exhibit 135: Campbell Soup Co. - Segment focus
12.7 Danone SA
Exhibit 136: Danone SA - Overview
Exhibit 137: Danone SA - Business segments
Exhibit 138: Danone SA - Key news
Exhibit 139: Danone SA - Key offerings
Exhibit 140: Danone SA - Segment focus
12.8 Ellas Kitchen Brands Ltd.
Exhibit 141: Ellas Kitchen Brands Ltd. - Overview
Exhibit 142: Ellas Kitchen Brands Ltd. - Product / Service
Exhibit 143: Ellas Kitchen Brands Ltd. - Key offerings
12.9 Else Nutrition Holdings Inc.
Exhibit 144: Else Nutrition Holdings Inc. - Overview
Exhibit 145: Else Nutrition Holdings Inc. - Product / Service
Exhibit 146: Else Nutrition Holdings Inc. - Key offerings
12.10 Emirates Industry for Camel Milk and Products
Exhibit 147: Emirates Industry for Camel Milk and Products - Overview
Exhibit 148: Emirates Industry for Camel Milk and Products - Product / Service
Exhibit 149: Emirates Industry for Camel Milk and Products - Key offerings
12.11 Fonterra Cooperative Group Ltd.
Exhibit 150: Fonterra Cooperative Group Ltd. - Overview
Exhibit 151: Fonterra Cooperative Group Ltd. - Business segments
Exhibit 152: Fonterra Cooperative Group Ltd. - Key news
Exhibit 153: Fonterra Cooperative Group Ltd. - Key offerings
Exhibit 154: Fonterra Cooperative Group Ltd. - Segment focus
12.12 GreenSpace Brands Inc.
Exhibit 155: GreenSpace Brands Inc. - Overview
Exhibit 156: GreenSpace Brands Inc. - Product / Service
Exhibit 157: GreenSpace Brands Inc. - Key offerings
12.13 HiPP GmbH and Co. Vertrieb KG
Exhibit 158: HiPP GmbH and Co. Vertrieb KG - Overview
Exhibit 159: HiPP GmbH and Co. Vertrieb KG - Product / Service
Exhibit 160: HiPP GmbH and Co. Vertrieb KG - Key offerings
12.14 LACTALIS Group
Exhibit 161: LACTALIS Group - Overview
Exhibit 162: LACTALIS Group - Product / Service
Exhibit 163: LACTALIS Group - Key offerings
12.15 Nestle SA
Exhibit 164: Nestle SA - Overview
Exhibit 165: Nestle SA - Business segments
Exhibit 166: Nestle SA - Key news
Exhibit 167: Nestle SA - Key offerings
Exhibit 168: Nestle SA - Segment focus
12.16 Reckitt Benckiser Group PLC
Exhibit 169: Reckitt Benckiser Group PLC - Overview
Exhibit 170: Reckitt Benckiser Group PLC - Business segments
Exhibit 171: Reckitt Benckiser Group PLC - Key offerings
Exhibit 172: Reckitt Benckiser Group PLC - Segment focus
12.17 The Kraft Heinz Co.
Exhibit 173: The Kraft Heinz Co. - Overview
Exhibit 174: The Kraft Heinz Co. - Business segments
Exhibit 175: The Kraft Heinz Co. - Key offerings
Exhibit 176: The Kraft Heinz Co. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 177: Inclusions checklist
Exhibit 178: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 179: Currency conversion rates for US$
13.4 Research methodology
Exhibit 180: Research methodology
Exhibit 181: Validation techniques employed for market sizing
Exhibit 182: Information sources
13.5 List of abbreviations
Exhibit 183: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global baby food and infant formula market: Abbott Laboratories, Beingmate Co. Ltd., Danone SA, GreenSpace Brands Inc., HiPP GmbH and Co. Vertrieb KG, Nestle SA, Reckitt Benckiser Group PLC, Emirates Industry for Camel Milk and Products, Fonterra Cooperative Group Ltd., The Kraft Heinz Co., Gujarat Cooperative Milk Marketing Federation, Hero Group, Ausnutria Dairy Corp. Ltd., LACTALIS Group, Meiji Holdings Co. Ltd., Campbell Soup Co., PZ Cussons Plc, Ellas Kitchen Brands Ltd., and Else Nutrition Holdings Inc.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is increasing demand for organic baby food products.'

According to the report, one of the major drivers for this market is new product launches.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Abbott Laboratories
  • Beingmate Co. Ltd.
  • Danone SA
  • GreenSpace Brands Inc.
  • HiPP GmbH and Co. Vertrieb KG
  • Nestle SA
  • Reckitt Benckiser Group PLC
  • Emirates Industry for Camel Milk and Products
  • Fonterra Cooperative Group Ltd.
  • The Kraft Heinz Co.
  • Gujarat Cooperative Milk Marketing Federation
  • Hero Group
  • Ausnutria Dairy Corp. Ltd.
  • LACTALIS Group
  • Meiji Holdings Co. Ltd.
  • Campbell Soup Co.
  • PZ Cussons Plc
  • Ellas Kitchen Brands Ltd.
  • Else Nutrition Holdings Inc.