openPR Logo
Press release

Global Baby Food and Infant Formula Market 2023 Growth Analysis of all Top Key Players Like Abbott Laboratories, Nestle, Danone, Mead Johnson and Kraft Heinz

02-06-2019 09:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Global Baby Food and Infant Formula Market 2023 Growth Analysis

Over the past few years, the global baby food and infant formula market has witnessed a positive growth. Some of the factors that are further fuelling the market growth are rising health concerns, soaring female employment rates, rapid urbanisation, increasing disposable incomes, etc.

Want more information about this market? Request a free report sample: https://www.imarcgroup.com/request?type=report&id=838&flag=B

Baby food is a soft and easy-to-digest mash of vegetables, fruits, cereals and meat. It is meant for the consumption of babies in order to suffice their everyday nutritional needs. On the other hand, infant formula refers to a substitute of breast milk which can be served till the age of two years. It is manufactured via adding fatty acids, vitamins and prebiotics to processed milk. Since babies lack teeth as well as developed muscles for chewing, baby food and infant formula are intentionally made with a semi-liquid consistency. Moreover, these formulations offer ease of use and portability, which has helped in increasing their popularity among the consumers. A new research report by IMARC Group, titled “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global baby food and infant formula market was worth US$ 50 Billion in 2017. The report further anticipates the market to cross US$ 69 Billion by 2023, at a projected CAGR of 5.5% over the forecast period.

Get more information about the market: https://www.imarcgroup.com/baby-food-infant-formula-market

Market Drivers/Constraints:

One of the primary factors that have influenced the demand for baby food and infant formula globally are rising health concerns amongst the parents for the overall development of their baby.

Nowadays, a large number of baby food and infant formula variants are available in the market ranging from organic to lactose-free products, catering to the varied requirements of the consumers. This acts as another factor driving the sales of baby food and infant formula across the globe.

Some of the other factors, proliferating the market growth are a surge in female employment, rapid urbanisation, rise in the middle-class population, increasing disposable incomes and a mounting demand for convenient products that can also be used while travelling.

However, there are several factors that hamper the market growth. For instance, baby food and infant formulas are costlier as compared to milk. Additionally, these products can be difficult to digest and cannot respond to the baby’s changing dietary needs.

Global Baby Food and Infant Formula Market Segmentation:

Market Breakup by Type:

1. Milk Formula

2. Dried Baby Food

3. Prepared Baby Food

4. Other Baby Food

Based on product type, the baby food and infant formula market is segmented as milk formula, dried baby food, prepared baby food and others. Currently, milk formula exhibits a clear dominance in the market.

Market Breakup by Distribution Channel:

1. Supermarkets and Hypermarkets

2. Pharmacies

3. Convenience Stores

4. Others

On the basis of distribution channel, supermarkets and hypermarkets represent the largest segment as they offer a large number of products along with enhanced convenience to the consumers. They are followed by pharmacies, convenient stores and others.

Market Breakup by Region:

1. Asia Pacific

2. North America

3. Europe

4. Latin America

5. Middle East and Africa

On a geographical front, Asia-Pacific enjoys a leading position in the global baby food and infant formula market accounting for the largest market share. Asia-Pacific is followed by North America, Europe, Latin America, and Middle East and Africa.

Competitive Landscape:

The market is highly fragmented with the presence of both small as well as large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are Abbott Laboratories, Nestle, Danone, Mead Johnson and Kraft Heinz.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Baby Food and Infant Formula Market 2023 Growth Analysis of all Top Key Players Like Abbott Laboratories, Nestle, Danone, Mead Johnson and Kraft Heinz here

News-ID: 1564057 • Views:

More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insights
India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market. Market Size & Future Growth Potential: The India seafood
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025-2033
India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 Market Size in 2024: USD 2.50 Billion Market Size in 2033: USD 5.90 Billion Market Growth Rate (CAGR) 2025-2033: 10.03% How Big is the India Mutual Funds Industry? The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033. Request
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Expanding at a CAGR of 8.09%
Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview: The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, Project Economics
Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay. IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a

All 5 Releases


More Releases for Baby

Baby Safety Products Market Analysis By Top Keyplayers - Baby Stroller and Pram, …
The "Baby Safety Products Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Baby Safety Products Market, 2024-2031 Verified Market Research's most recent report, "Baby Safety Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides
Baby Mats Market Is Booming Worldwide | Busy Baby, Mothercare, Baby Einstein
Advance Market Analytics published a new research publication on "Baby Mats Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Baby Mats market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of
Baby Mats Market 2019 - Baby Care, Bright Starts, Lollaland, Baby Mushroom, Baby …
Global Baby Mats Market 2019-2024: According to the Global Baby Mats Market report, the market is expected to reach the value of $XX million at the end of the forecast period of 2019 – 2025, showing good progress, rising at a CAGR of XX%. The global Baby Mats Market report covers a detailed analysis of the Baby Mats Market including the various parameters on which the Baby Mats Market
Baby Carriers Market 2019 By Baby Bjorn, Chicco, Ergobaby, Evenflo, Infantino, T …
Global Baby Carriers Market 2019-2024: According to the Global Baby Carriers Market report, the market is expected to reach the value of $XX million at the end of the forecast period of 2019 – 2024, showing good progress, rising at a CAGR of XX%. The global Baby Carriers Market  report covers a detailed analysis of the Baby Carriers Market  including the various parameters on which the Baby Carriers Market  is analyzed
Baby Carriers Market is Booming Worldwide| Snuggy Baby, Balboa Baby, Beachfront …
Global and India Baby Carriers Market Research by Company, Type & Application 2013-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global and India Baby Carriers Market. Some of the key players profiled in
Baby Carriers Market Report 2018 Companies included Baby Bjorn, Chicco, Ergobaby …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com ********* This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides