Baby Food and Formula Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

With the overall rising expenditure over various baby care products, the baby food and formula market is estimated to witness strong growth in the coming years. Baby food refer to soft and easily consumable food made specifically for babies. Baby food and formula is made for babies of age ranging from six months upto two years. Popular baby food and formula products include infant formula, baby cereals, bottled food, snacks & meals, nutritional supplements and frozen baby food. Amongst these, the infant formula and baby cereals are the most commonly purchased baby food products. Due to continued development in the baby food products, the market is estimated to continue witnessing strong growth during the forecast period.

The most prominent factor fueling the baby food and formula market growth is the steadily rising birth rate worldwide. Although the overall birth rate has witnessed significant slowdown since the past few years, the steady growth is anticipated in the coming years. Rising baby care awareness is another prominent factor fueling the market growth worldwide. Due to rising discretionary income, especially in the developing economies, people are now willing to spend more on baby care products so as to ensure convenience and better baby health. The market is majorly backed by North America and Europe, followed by Asia Pacific. Due to higher prices of these products, the regions are expected to remain dominant in the market throughout the forecast period.

Geographically, the global baby food and formula market is studied for the following regional markets:

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East and Africa
• GCC
• Rest of Middle East and Africa

The market size and forecast for the period 2019-2029 along with the CAGRs for the period 2021-2029 for the mentioned segments are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges and opportunities) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment proposition are also included in this study for assessment of market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global baby food and formula market.

In order to help strategic decision makers, the report also includes competitive profiling of the leading baby food and formula product vendors, market positioning and key developments. Some of the major players profiled in the report are Nestle SA, Kraft Heinz Company, Danone SA, Hero Group, Bristol-Myers Squibb Company, Perrigo Company Plc., Mead Johnson & Company, LLC and others.

Purpose of the Report

The purpose of this strategic research study titled “Baby Food and Formula Market - Growth, Opportunities, Share & Competitive Analysis, 2021 - 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global baby food and formula market.

Target Audience

• Industry Investors
• Baby Food And Formula Manufacturers
• End User Industries
• Traders, Distributors, and Suppliers
• Government and Research Organizations
• Associations and Industry Bodies

USP and Key Offerings

The report titled “Baby Food and Formula Market - Growth, Opportunities, Share & Competitive Analysis, 2021 - 2029” offers strategic insights into the overall baby food and formula market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based product type and different geographical markets.

In order to help strategic decision makers, the report also includes competitive profiling of the leading players in baby food and formula market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the baby food and formula market
• Market drivers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Historical market size data (2019 & 2020)

Overall, the research study provides a holistic view of the global baby food and formula market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above-mentioned factors.

The global baby food and formula market is segmented, based on its product types, into following categories

• Infant Formula
• Baby Cereals and Dried Baby Food
• Prepared Baby Food
• Others (Frozen Food, Beverages etc.)

The overall baby food and formula market is led by the infant formula and baby cereals segments. The two segments collectively contribute to more than fifty percent of the total revenue generated worldwide. These food products are easy to prepare and hence are popular across both the developed as well as developing regions. The prime concern for the parents is to feed milk to their babies. In addition, cereal diet is regarded highly beneficial for the children at the age of six months and above. Thus, the segments are estimated to continue dominating the market throughout the forecast period.

Prepared food segment is estimated to register the highest growth rate during the forecast period. The food can be served without any prior arrangements and hence becomes highly hassle-free for the parents. With the rising adoption of convenient and nutritious products, the demand for prepared food products is projected to register the highest growth rate during the forecast period. The others segment, comprising beverage and frozen foods, too is estimated to witness strong growth during the forecast period.

On the basis of geography, the global baby food and formula market is segmented as per following regions and countries.

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC countries
• Rest of MEA

North America and Europe collectively account for the largest share, in terms of revenue and adoption, of the global baby food and formula market. The regions enjoy strong adoption of baby food and formula products along with the presence of leading companies in baby food and formula market. In addition, the higher prices of baby food products, as compared to other regions, is another major factor responsible for higher revenue of the regions.

The Asia Pacific is estimated to witness the highest growth in the overall baby food and formula market during the forecast period. With the rising discretionary income and awareness regarding healthcare, people here are increasingly shifting towards brand-named baby care products. Additionally, due to increasing female workforce in countries such as India and China, the demand for convenient baby care products has increased significantly in the past few years.


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