The Baby Formula Market Study forecasts the market size across 6 regions and 24 countries for diverse segments including-Type (First Stage, Second Stage, Third Stage), Age Group (0 to 6 Months, 6 to 12 Months, Above 12 Months), Distribution Channel (Supermarkets and Hypermarkets, Pharmacies, Convenience Stores, Others).
Baby Formula: The market for baby formula is driven by the need for safe and nutritionally balanced alternatives to breast milk. Key drivers include advancements in formula formulations, organic and hypoallergenic options, and fortified formulas that mimic breast milk's nutrients. The appeal lies in providing parents with options that support babies' growth and development while addressing specific dietary needs and concerns.
A significant trend in the baby formula market is the rising demand for specialized and hypoallergenic formulas. Caregivers seek formulas tailored to specific dietary needs, such as lactose-free, soy-based, or hypoallergenic options for infants with sensitivities. This trend aligns with the growing awareness of infant allergies and digestive issues, driving the market towards specialized formulas designed to address specific dietary requirements.
A key driver for the baby formula market is the emphasis on nutritional fortification and infant development. Parents prioritize formulas fortified with essential nutrients like DHA, ARA, vitamins, and minerals crucial for infant growth and brain development. The demand for formulas that mimic breast milk's nutritional profile and support overall infant health drives the market for fortified and developmentally beneficial baby formulas.
An opportunity exists within the baby formula market for innovation in organic and plant-based formulations. Manufacturers can explore creating formulas made from organic ingredients or plant-based alternatives, catering to caregivers seeking natural and sustainable options for infant nutrition. Additionally, developing organic or plant-based formulas free from artificial additives or GMOs presents an opportunity to meet the increasing demand for healthier and environmentally conscious formula choices. Innovating with organic and plant-based formulations offers a chance to tap into the growing market segment prioritizing natural and sustainable infant nutrition.
Type
First Stage
Second Stage
Third Stage
Age Group
0 to 6 Months
6 to 12 Months
Above 12 Months
Distribution Channel
Supermarkets and Hypermarkets
Pharmacies
Convenience Stores
Others
Geographical Segmentation
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, South East Asia, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, Egypt, South Africa, Nigeria, Rest of Africa)
Abbott Laboratories
Arla Foods amba
Bellamy's Organic Pty Ltd (China Mengniu Dairy Company Limited)
Health and Happiness (HandH) International Holdings Limited (Biostime)
Danone S.A.
Fonterra Co-operative Group Limited
Koninklijke FrieslandCampina N.V.
The Kraft Heinz Company
Holle Baby Food AG
Mead Johnson Nutrition Company (Reckitt Benckiser Group plc)
Meiji Holdings Co., Ltd
Nestlé S.A.
Perrigo Company plc
Pinnacle Foods LLC (Conagra Brands, Inc.)
Westland Milk Products (Yili Group)
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TABLE OF CONTENTS
1 Introduction To 2024 Baby Formula Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Included
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Baby Formula Market Size Outlook, $ Million, 2021 to 2030
3.2 Baby Formula Market Outlook by Type, $ Million, 2021 to 2030
3.3 Baby Formula Market Outlook by Product, $ Million, 2021 to 2030
3.4 Baby Formula Market Outlook by Application, $ Million, 2021 to 2030
3.5 Baby Formula Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Baby Formula Industry
4.2 Key Market Trends in Baby Formula Industry
4.3 Potential Opportunities in Baby Formula Industry
4.4 Key Challenges in Baby Formula Industry
5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Baby Formula Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Baby Formula Market Outlook by Segments
7.1 Baby Formula Market Outlook by Segments
Type
First Stage
Second Stage
Third Stage
Age Group
0 to 6 Months
6 to 12 Months
Above 12 Months
Distribution Channel
Supermarkets and Hypermarkets
Pharmacies
Convenience Stores
Others
8 North America Baby Formula Market Analysis and Outlook To 2030
8.1 Introduction to North America Baby Formula Markets in 2024
8.2 North America Baby Formula Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Baby Formula Market size Outlook by Segments, 2021-2030
Type
First Stage
Second Stage
Third Stage
Age Group
0 to 6 Months
6 to 12 Months
Above 12 Months
Distribution Channel
Supermarkets and Hypermarkets
Pharmacies
Convenience Stores
Others
9 Europe Baby Formula Market Analysis and Outlook To 2030
9.1 Introduction to Europe Baby Formula Markets in 2024
9.2 Europe Baby Formula Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Baby Formula Market size Outlook by Segments, 2021-2030
Type
First Stage
Second Stage
Third Stage
Age Group
0 to 6 Months
6 to 12 Months
Above 12 Months
Distribution Channel
Supermarkets and Hypermarkets
Pharmacies
Convenience Stores
Others
10 Asia Pacific Baby Formula Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Baby Formula Markets in 2024
10.2 Asia Pacific Baby Formula Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Baby Formula Market size Outlook by Segments, 2021-2030
Type
First Stage
Second Stage
Third Stage
Age Group
0 to 6 Months
6 to 12 Months
Above 12 Months
Distribution Channel
Supermarkets and Hypermarkets
Pharmacies
Convenience Stores
Others
11 South America Baby Formula Market Analysis and Outlook To 2030
11.1 Introduction to South America Baby Formula Markets in 2024
11.2 South America Baby Formula Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Baby Formula Market size Outlook by Segments, 2021-2030
Type
First Stage
Second Stage
Third Stage
Age Group
0 to 6 Months
6 to 12 Months
Above 12 Months
Distribution Channel
Supermarkets and Hypermarkets
Pharmacies
Convenience Stores
Others
12 Middle East and Africa Baby Formula Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Baby Formula Markets in 2024
12.2 Middle East and Africa Baby Formula Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Baby Formula Market size Outlook by Segments, 2021-2030
Type
First Stage
Second Stage
Third Stage
Age Group
0 to 6 Months
6 to 12 Months
Above 12 Months
Distribution Channel
Supermarkets and Hypermarkets
Pharmacies
Convenience Stores
Others
List of Companies
Abbott Laboratories
Arla Foods amba
Bellamy's Organic Pty Ltd (China Mengniu Dairy Company Limited)
Health and Happiness (HandH) International Holdings Limited (Biostime)
Danone S.A.
Fonterra Co-operative Group Limited
Koninklijke FrieslandCampina N.V.
The Kraft Heinz Company
Holle Baby Food AG
Mead Johnson Nutrition Company (Reckitt Benckiser Group plc)
Meiji Holdings Co., Ltd
Nestlé S.A.
Perrigo Company plc
Pinnacle Foods LLC (Conagra Brands, Inc.)
Westland Milk Products (Yili Group)
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
Type/brFirst Stage /brSecond Stage /brThird Stage /br/brAge Group/br0 to 6 Months /br6 to 12 Months /brAbove 12 Months /br/brDistribution Channel/brSupermarkets and Hypermarkets /brPharmacies /brConvenience Stores /brOthers
The global Baby Formula Market is one of the lucrative growth markets, poised to register a 10.2% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Abbott Laboratories, Arla Foods amba, Bellamy's Organic Pty Ltd (China Mengniu Dairy Company Limited), Health and Happiness (HandH) International Holdings Limited (Biostime), Danone S.A., Fonterra Co-operative Group Limited, Koninklijke FrieslandCampina N.V., The Kraft Heinz Company, Holle Baby Food AG, Mead Johnson Nutrition Company (Reckitt Benckiser Group plc), Meiji Holdings Co., Ltd, Nestlé S.A., Perrigo Company plc, Pinnacle Foods LLC (Conagra Brands, Inc.), Westland Milk Products (Yili Group)
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume