Supplements And Infant Milk Formula For Travel Retail Market Poised for 12.49 % Growth, Set to Hit $33.35 Billion by 2029

How Is the Supplements And Infant Milk Formula For Travel Retail Market Projected to Grow, and What Is Its Market Size?
The market size for supplements and infant milk formula for travel retail has been experiencing a swift expansion recently. The growth projection is from $2.77 billion in 2024 up to $3.13 billion in 2025, with a compound annual growth rate (CAGR) of 12.7%. The observed growth in the historic timeline originates from enhanced travel activities involving families with infants, a rise in the elderly population, increased preference for specialty supplements, and heightened awareness.

The travel retail market for supplements and infant milk formula is projected to experience swift expansion in the upcoming years. An increase in value to $5.01 billion is anticipated by 2029, with a compound annual growth rate (CAGR) of 12.5%. The expansion during this forecast period is likely due to the rise in health and nutrition educational initiatives, a growing number of employed mothers, and an escalating demand for health and wellness goods. The forecast period is also expected to see dominant trends such as a heightened emphasis on green and sustainable formulas, user-friendly packaging, industry collaborations and partnerships, and increased digital integration.

What Are the Key Drivers Behind the Growth of the Supplements And Infant Milk Formula For Travel Retail Market?
The expansion of the travel retail market for supplements and infant milk formulas is predicted to be fuelled by a growing infant population. Essentially, the term infant population pertains to the demographic section of children aged less than a year within a specified populace or region. As birth rates surge and healthcare improves, there's a noticeable increase in infant survival rates. Supplements and infant milk formula offer the infant demographic with vital nutrients required for growth and acceleration. For example, the UK government organisation, the Office for Health Improvement & Disparities, disclosed in November 2024 that in the 2023-2024 period, 83.0% of babies had their first health check within 14 days of birth. This was a rise of 3.1 percentage points compared to 2022-2023. Thus, the burgeoning infant population is facilitating the expansion of the supplements and infant milk formula sector in the travel retail market.

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Who Are the Major Industry Players Fueling Supplements And Infant Milk Formula For Travel Retail Market Expansion?
Major companies operating in the supplements and infant milk formula for travel retail market are Nestlé S.A., Pfizer Inc., Bayer AG, Abbott Laboratories, Danone S.A., Reckitt Benckiser Group plc, Amway Corporation, Glanbia plc, Herbalife Nutrition Ltd., Nature's Bounty Co., GNC Holdings Inc., Blackmores Limited, Swisse Wellness Group Pty Ltd, Vitabiotics Ltd., Hero Nutritionals LLC, Weider Global Nutrition, Elevit, Similac, Nutricia, Pediasure

Which Key Developments Are Influencing the Supplements And Infant Milk Formula For Travel Retail Market?
Prominent firms in the travel retail market for supplements and infant milk formula are innovating with dairy and plant-based mixtures in baby formula products, catering to shifting customer preferences and concerns about sustainability. The infant formula, made up of plant and dairy components, is designed to provide a well-rounded nutritional profile suitable for infants. For example, Danone S.A., a food-products enterprise from France, introduced a dairy and plant hybrid infant formula in July 2022. This formula combines plant-based and dairy ingredients to meet the increasing parent demand for more plant-based feeding solutions. The blend includes 60% non-GMO soy protein and 40% dairy protein from casein and whey, along with lactose, omega-3 DHA, and prebiotics, providing a gentle introduction to plant-based tastes for infants. The plant and dairy blend is attributed to a 30% reduction in carbon footprint thanks to plant-based ingredients and fully recyclable packaging.

How Is the Segmentation of the Supplements And Infant Milk Formula For Travel Retail Market Defined?
The supplements and infant milk formula for travel retail market covered in this report is segmented -

1) By Type: Supplements, Adult, Infant Milk Formula
2) By Product Form: Powder, Liquid, Ready-To-Feed
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Pharmacies Or Drugstore, Online Retail, Other Distribution Channel

Subsegments:
1) By Supplements: Vitamins And Minerals, Herbal Supplements, Protein & Amino Acids, Probiotics
2) By Adult: General Adult Nutrition, Senior Nutrition, Sports Nutrition
3) By Infant Milk Formula: Standard Infant Formula, Follow-On Formula, Growing-Up Milk, Specialty Infant Formula

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What Is the Leading Region in the Supplements And Infant Milk Formula For Travel Retail Market?
Europe was the largest region in the supplements and infant milk formula for travel retail market in 2024. The regions covered in the supplements and infant milk formula for travel retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Supplements And Infant Milk Formula For Travel Retail Global Market Report?

- Market Size Analysis: Analyze the Supplements And Infant Milk Formula For Travel Retail Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Supplements And Infant Milk Formula For Travel Retail Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Supplements And Infant Milk Formula For Travel Retail Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Supplements And Infant Milk Formula For Travel Retail Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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