“Global Baby Food & Infant Formula Market” is the title of an upcoming report offered by Market.US. This comprehensive market research report on the baby food & infant formula industry contains inputs, as well as information & data from both primary and secondary sources, that have been validated and verified by target market experts. Apart from critical data and other related information, the report also includes factors that could be or are potential restraints to market growth, present & future key trends, recourses that can be leveraged for potential market expansion in untapped regions or countries, as well as factors that are presently fueling growth in the baby food & infant formula market. It also covers challenges or threats for new, as well as existing market entrants. The report presents a thorough study of revenues, key developments, strategies, historical data and information by major players that offer crucial perspectives/insights into various market scenarios. The global baby food & infant formula market has been segmented on the basis of product type, distribution channel, as well as regions and countries.

The Global Baby Food & Infant Formula Market was valued at UЅD $94,198.8 Мn in 2020, and is projected to register а САGR of 9.2% over the next 10 years.

Overview:

Infant formula is a manufactured food designed and marketed for feeding infants or babies under the age of 12 months. Baby food is any soft, easily consumed food other than breastmilk that is specifically made for consumption by human babies, usually between the ages of 4 months to 2 years.

Dynamics:

The increasing demand for baby foods & infant formulas owing to the capability of these products to meet the daily nutritional requirements of infants/babies is a primary factor that is expected to boost the revenue growth of the global baby food & infant formula market in the foreseeable future.

The growing strength of the working-class global population due to robust urbanization, especially among women, and the hectic schedules that come with it, is resulting in individuals having lesser time to cater to domestic activities. The convenience of being able to provide ample nutrition to their respective infants is leading more individuals to opt for these products, and is slated to fuel future market growth.

Premium pricing, as well as specific regulations enforced by governing authorities concerning the labelling of these products are factors that may restrain future market growth of this industry. However, the increasing penetration of the internet and smartphones, coupled with the growing prominence of e-tailers and the significant amounts of value-added benefits they offer such as discounts, free home delivery, etc. are factors that are expected to have a positive influence on the revenue growth of the global baby food & infant formulas market in the years to come.

Segmentation of the global baby food & infant formula market is as follows:

On the basis of product type, the baby food segment accounted for the maximum number of revenue shares (60.5%) of the global baby food & infant formula market in 2020, and is slated to index the highest CAGR of 8.9% over the next 10 years. The infant formula segment also made up for considerable revenue shares of this global market in 2020, and is anticipated to continue to do so over the forecast period.

In terms of distribution channel, the hypermarkets/supermarkets segment accounted for the majority revenue shares (43.5%) of the global baby food & infant formula market in 2020, and is slated to register the highest CAGR of 8.9%, with an attractiveness index of 5.4, over the next 10 years. The pharmacies segment is also anticipated to expand at a considerable rate of revenue growth in the coming years.

Regional Segmentation and Analysis:

The markets in the Asia Pacific region accounted for the majority revenue shares of the global baby food & infant formula market in 2020, and is slated to index a CAGR of 8.9% over the next decade. The markets in Europe and North America accounted for the second and third-most number of revenue shares (USD $23,477.4 Mn and $19,196.7 Mn respectively) of this global market in 2020.

Segmentation of the Global Baby Food & Infant Formula Market:

Segmentation by Product Type:

• Baby Foods
• Milk Formulations
• Dried Baby Foods
• Prepared Baby Foods
• Other Baby Foods
• Infant Formula
• Standard Infant Milk
• Follow-on-Milk
• Other Infant Formulas

Segmentation by Distribution Channel:

• Supermarkets/ Hypermarkets
• Pharmacies
• Specialty Stores
• Other Distribution Channels

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

 Key players profiled in the market report are:

• Nestlé S.A.
• Abbott Laboratories
• Sofina S.A.
• The Kraft Heinz Co. (H.J. Heinz Company Australia Limited.)
• Reckitt Benckiser Group Plc (Mead Johnson & Company LLC)
• Inner Mongolia Yili Industrial Group Co. Ltd.
• China Mengniu Dairy Co. Ltd. (Bellamy’s Organic)
• Arla Foods A.M.B.A
• The Campbell Soup Co. Brands (Plum Organics)
• Perrigo Co. Plc.
• The Hain Celestial Group Inc.
• Hipp GmbH & Co. Vertrieb KG

For the Baby Food and Infant Formula Market research study, the following years have been considered to estimate the market size: