Baby Infant Formula Market Size, Trends and Insights By Type (Infant milk, Follow on milk, Specialty baby milk, Growing-up milk), By Ingredient (Carbohydrate, Fat, Protein, Minerals, Vitamins, Others), By Distribution Channels (Online Channel, Offline Channel), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI24374

Published Date: June 2023

Pages: 220+

Category: Food & Beverages

Report Snapshot

CAGR: 9.8%
26.2B
2022
29.39B
2023
58.1B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Nestlé S.A.
  • Danone S.A.
  • Abbott Laboratories
  • Kraft Heinz Company
  • FrieslandCampina N.V.
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Baby Infant Formula market is expected to record a CAGR of 9.8% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 26.2 billion. By 2032, the valuation is anticipated to reach USD 58.1 billion.

Top 10 Countries With The Highest Number Of Babies Born In Urban Areas Between 2018 and 2021

Country 2018 2019 2020 2021 Total (2018-2021)
China 22,485,000 23,145,000 23,795,000 24,329,000 93,754,000
India 17,612,000 18,141,000 18,660,000 19,179,000 73,592,000
Nigeria 6,327,000 6,578,000 6,829,000 7,080,000 26,804,000
Indonesia 5,948,000 6,170,000 6,402,000 6,634,000 24,154,000
Pakistan 5,505,000 5,697,000 5,899,000 6,101,000 22,202,000
United States 4,839,000 5,002,000 5,165,000 5,328,000 20,334,000
Bangladesh 4,360,000 4,503,000 4,646,000 4,789,000 18,208,000
Brazil 4,145,000 4,279,000 4,413,000 4,547,000 17,384,000
Mexico 3,906,000 4,032,000 4,158,000 4,284,000 16,380,000
Ethiopia 3,570,000 3,689,000 3,808,000 3,927,000 15,084,000

According to CMI Market Research Analysis (Approx)

The baby infant formula market refers to the industry involved in the production, distribution, and sale of commercially prepared formulas designed to provide essential nutrients for infants when breastfeeding is not possible or insufficient. It includes various types of formula products, such as powdered, liquid, and specialized formulas, targeting different age groups and dietary needs of babies.

The baby infant formula market is highly competitive and regulated, with a focus on product safety and quality. It involves a combination of multinational corporations, regional players, and local brands, offering a wide range of options to consumers. The market is influenced by factors such as birth rates, consumer awareness, nutritional research, technological advancements, and changing lifestyles. rising demand for organic and natural formulas, personalized and specialty formulae tailored to specific needs, and a focus on product safety and transparency.

Other prominent developments include the increasing usage of internet sales and e-commerce, increased interest in health and immunity-focused formulae, and an emphasis on sustainable and eco-friendly practices. Consumer preferences, legislative developments, and evolving nutritional studies all influence market patterns.

Baby Infant Formula Market – Significant Growth Factors

The Baby Infant Formula Market presents significant growth opportunities due to several factors:

  • Rising Demand for Organic and Natural Formulas: There is a growing trend among consumers to seek organic and natural baby infant formulas. Parents are increasingly concerned about the ingredients used in formulas and opt for products made from organic sources. This trend presents an opportunity for manufacturers to develop and market organic and natural formulas to cater to this expanding consumer segment.
  • Eco-Friendly and Sustainable Formulas: There is an increasing emphasis on eco-friendly and sustainable practices in the baby infant formula market. Consumers are concerned about the environmental impact of formula production and packaging. Manufacturers have an opportunity to meet this demand by developing formulas that utilize sustainable sourcing, eco-friendly packaging materials, and implementing environmentally friendly production processes.
  • Personalization and Specialized Formulas: There is an increasing demand for customized and specialized baby infant formulas that cater to specific dietary needs, such as lactose intolerance or allergies. Parents are seeking formulas that address these specific requirements. Manufacturers have an opportunity to develop specialized formulas that meet these needs, allowing for product differentiation and potential market growth.
  • E-commerce and Online Sales: The rapid growth of e-commerce has significantly impacted the distribution of baby infant formulas. Online platforms offer convenience, a wide range of product options, and access to a global customer base. Manufacturers can leverage this trend by expanding their online presence, partnering with e-commerce platforms, and optimizing their digital marketing strategies to tap into this expanding market opportunity.
  • Emerging Markets: Emerging markets present significant growth opportunities for the baby infant formula market. Rising birth rates, increasing disposable incomes, urbanization, and improved healthcare access contribute to the expanding consumer base in these regions. Manufacturers can focus on market penetration and product customization to cater to the unique needs and preferences of consumers in these emerging markets, unlocking substantial growth potential.

Baby Infant Formula Market – Mergers and Acquisitions

The Baby Infant Formula Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Baby Infant Formula Market include:

  • Nestlé’s Partnership with Merck KGaA: In 2019, Nestlé has formed a collaboration with Merck KGaA, a major research and technology business, to develop and commercialise nutritional therapy for people suffering from specific health issues. This collaboration aims to combine Nestlé’s nutritional science experience and Merck KGaA’s pharmaceutical research skills to develop breakthrough baby infant formula solutions that address specific health requirements.
  • Nestlé’s Acquisition of Pfizer Nutrition: In 2012, Nestlé acquired Pfizer Nutrition, expanding its presence in the baby infant formula market and strengthening its portfolio of nutritional products for infants and young children.
  • Abbott’s Acquisition of Mead Johnson Nutrition: In 2017, Abbott Laboratories acquired Mead Johnson Nutrition, a leading global manufacturer of baby infant formula. This acquisition allowed Abbott to expand its presence in the market and offer a broader range of nutritional products for infants and children.
  • Reckitt Benckiser Acquires Mead Johnson Nutrition: In 2017, Reckitt Benckiser, a consumer health and hygiene corporation, bought Mead Johnson Nutrition. Reckitt Benckiser was able to enter the baby infant formula industry and diversify its product line in the healthcare sector as a result of this acquisition.
  • FrieslandCampina’s Joint Venture with Beingmate: In 2014 FrieslandCampina, a Dutch dairy company, formed a joint venture with Beingmate Baby & Child Food Co., Ltd., a Chinese infant formula manufacturer. This partnership aimed to strengthen FrieslandCampina’s presence in the Chinese market and expand the distribution of its baby infant formula products.

These partnerships and acquisitions demonstrate the strategic importance of collaborations and mergers in the baby infant formula market. They enable companies to leverage each other’s strengths, expand their market reach, enhance their product offerings, and capitalize on the growing demand for safe and nutritious infant formula products.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Baby Infant Formula Market Genetic Testing Market Plant-based Milk Market
CAGR 9.8% (Approx) CAGR 22% (Approx) CAGR 9% (Approx)
USD 58.1 Billion by 2032 USD 36420.49 Million by 2030 USD 30 Billion by 2030

Baby Infant Formula Market – Significant Threats

The Baby Infant Formula Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Breastfeeding Promotion: The promotion of breastfeeding poses a threat to the market as it encourages mothers to exclusively breastfeed their babies. Breast milk is widely recognized as the optimal source of nutrition for infants, and campaigns promoting its benefits may reduce the demand for infant formula.
  • Regulatory Changes: Changes in regulations and stricter compliance requirements can pose challenges to the baby infant formula market. Regulatory agencies may introduce new guidelines or standards that impact manufacturing processes, labeling, or ingredient composition, leading to increased costs and potential disruptions in production.
  • Negative Perceptions and Safety Concerns: Instances of product recalls, contamination scares, or negative media coverage regarding baby infant formulas can erode consumer trust and confidence. Safety concerns can lead to a decline in demand and reputation damage for manufacturers, posing a significant threat to the market.
  • Cultural and Social Factors: Cultural and social factors can influence the preference for breastfeeding over using baby infant formula. Societal norms, cultural beliefs, and perceptions surrounding breastfeeding and formula feeding can vary across different regions and communities, affecting the market demand for baby infant formula products.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 29.39 Billion
Projected Market Size in 2032 USD 58.1 Billion
Market Size in 2022 USD 26.2 Billion
CAGR Growth Rate 9.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Ingredient, Distribution Channels and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type:

  • Infant milk: infant milk, is a commercially manufactured alternative to breast milk. When nursing is not possible, it supplies necessary nutrients to babies up to six months old. Growing desire for organic and natural choices, enhanced nutrition with probiotics and omega-3 fatty acids, and specialized formulas for specific dietary needs or disorders are all trends in the baby infant formula market. Manufacturers are also prioritizing sustainability and transparency in ingredient sourcing and packaging.
  • Follow-on milk: The follow-on milk in the baby infant formula market refers to formulas specifically developed for infants aged six months and older. It complements the introduction of solid foods, providing additional nutrients to support the transition to a mixed diet. Current trends include the inclusion of probiotics, omega-3 fatty acids, and other beneficial ingredients to enhance nutritional profiles and promote infant development.
  • Specialty baby milk: The specialty baby milk in the baby infant formula market refers to specialized formulas catering to the specific dietary needs of infants, such as hypoallergenic or lactose-free options. Trends in this segment include an increasing demand for allergy-friendly formulas, formulas for premature babies, and formulas enriched with specific nutrients to meet the unique requirements of infants with specific conditions.
  • Growing-up milk: The growing-up milk, also known as toddler milk or stage 3 formula, is a type of baby infant formula designed for children aged one year and older. It provides essential nutrients to support their growth and development. Trends in the baby infant formula market for growing-up milk include a focus on fortified formulations, organic options, and marketing campaigns promoting its benefits for toddler nutrition.

By Ingredient:

  • Carbohydrate: Carbohydrates in the baby infant formula market refer to the source of energy derived from sugars and starches present in the formula. Trends in the market include the use of prebiotic and lactose-based carbohydrates to mimic the composition of breast milk, promoting gut health and digestion. Manufacturers are also exploring alternative carbohydrate sources and reducing the use of added sugars.
  • Fat: Fat in the baby infant formula market refers to a crucial component that provides essential nutrients and energy for infant growth and development. Current trends in the market include the incorporation of healthy fats, such as omega-3 fatty acids, in formulas to support brain and eye development. Manufacturers are also focusing on precise fat composition to mimic the fat content of breast milk.
  • Protein: Protein plays a crucial role in the baby infant formula market as it provides essential building blocks for growth and development. Current trends include a focus on optimizing protein content and quality, incorporating plant-based protein sources, and addressing specific protein needs for infants with allergies or intolerances, promoting healthy and balanced nutrition.
  • Minerals: Minerals in the context of the baby infant formula market refer to essential nutrients such as calcium, iron, zinc, and others, added to formulas to support the healthy development of infants. Current trends include the incorporation of bioavailable minerals, personalized mineral blends, and an emphasis on meeting the recommended dietary intake of minerals in infant formulas.
  • Vitamins: Vitamins are essential organic compounds that are required in small amounts for proper growth, development, and overall health. In the baby infant formula market, there is a growing trend towards incorporating a wide range of vitamins into formulas to provide infants with the necessary nutrients. This trend reflects the increasing emphasis on optimal nutrition and supporting healthy development in infants.
  • Others: Other definitions in the baby infant formula market include growing-up milk, which is formulated for toddlers above the age of one, and toddler milk, designed for children aged one to three. Trends in the market include the rising demand for organic and natural formulas, personalized and specialty formulas, and a focus on product safety and transparency.

Global Baby Infant Formula Market 2023–2032 (By Billion)

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 By Distribution Channel:

  • Online: Online distribution channels in the baby infant formula market refer to the sale and distribution of formula products through digital platforms, such as e-commerce websites and online retailers. Consumers increasingly prefer the convenience, wide product selection, and accessibility offered by online platforms. Manufacturers are expanding their online presence, partnering with e-commerce platforms, and optimizing digital marketing strategies to tap into this growing market opportunity.
  • Offline:  Offline distribution channels in the baby infant formula market refer to the traditional brick-and-mortar retail outlets where products are physically purchased, such as supermarkets, pharmacies, and baby specialty stores. Despite the growing popularity of e-commerce, offline channels continue to dominate the market, providing convenience, accessibility, and personalized customer service to parents purchasing baby formula products.

Baby Infant Formula Market – Regional Analysis

The Baby Infant Formula Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: North America’s Baby Infant Formula Market: The baby infant formula market in North America refers to the industry involved in the production, distribution, and sale of infant formula products within the region. Current trends include a growing demand for organic and natural formulas, increasing preference for specialty formulas, rising focus on product safety and transparency, and the expanding adoption of online sales channels.
  • Europe: The baby infant formula market in Europe refers to the industry involved in the production, distribution, and sale of formula products for infants. Current trends in the European market include a growing demand for organic and natural formulas, increasing awareness of infant nutrition, preference for premium offerings, and emphasis on product safety and transparency.
  • Asia-Pacific: he Asia-Pacific region encompasses the market for commercially prepared formulas designed for infants. It includes countries such as China, India, Japan, and Australia. Key trends in this market include increasing disposable incomes, rising urbanization, growing health consciousness, and a shift towards premium and organic formula options. Key players in this market include Nestlé, Danone, Mead Johnson Nutrition, Abbott Laboratories, and Beingmate Baby & Child Food Co., Ltd.
  • LAMEA: Refers to a region encompassing Latin American countries, Middle Eastern countries, and African countries. In the baby infant formula market in LAMEA, key players such as Nestlé S.A., Danone S.A., and Abbott Laboratories dominate. Trends include rising disposable incomes, urbanization, increasing birth rates, and growing awareness about the importance of proper infant nutrition.

Global Baby Infant Formula Market 2023–2032 (By Type)

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Competitive Landscape – Baby Infant Formula Market

The Baby Infant Formula Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Nestlé S.A.
  • Danone S.A.
  • Abbott Laboratories
  • Mead Johnson Nutrition Company (a subsidiary of Reckitt Benckiser Group PLC)
  • Kraft Heinz Company
  • FrieslandCampina N.V.
  • Beingmate Baby & Child Food Co. Ltd.
  • Meiji Holdings Co. Ltd.
  • Yili Group
  • Synutra International Inc.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, In 2022, Reckitt Benckiser Group PLC introduced a new line of organic baby infant formulas under its brand Enfamil. The formulas are made with organic ingredients, providing parents with a trusted and convenient option for nourishing their infants with high-quality, organic nutrition.

In the baby infant formula market, several new players have adopted innovation and development strategies to enter the industry. These include companies such as H&H Group, Ausnutria Dairy Corporation Ltd., and China Feihe Limited. These emerging players focus on developing high-quality formulas with enhanced nutritional profiles, organic options, and specialized formulas to cater to specific dietary needs.

However, the market is predominantly dominated by key players like Nestlé S.A., Danone S.A., and Abbott Laboratories. These dominant players have established strong brand recognition, extensive distribution networks, and robust research and development capabilities. They leverage their market presence and financial resources to invest in marketing campaigns, product innovation, and strategic partnerships, enabling them to maintain a significant market share and competitive advantage in the baby infant formula industry.

Global Baby Infant Formula Market 2023–2032 (By Distribution Channels)

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The Baby Infant Formula Market is segmented as follows:

By Type

  • Infant milk
  • Follow on milk
  • Specialty baby milk
  • Growing-up milk

By Ingredient

  • Carbohydrate
  • Fat
  • Protein
  • Minerals
  • Vitamins
  • Others

By Distribution Channels

  • Online Channel
  • Offline Channel

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Baby Infant Formula Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Baby Infant Formula Market : snapshot
  • Chapter 3. Global Baby Infant Formula Market – Industry Analysis
    • 3.1 Baby Infant Formula Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising Demand for Organic and Natural Formulas
      • 3.2.2 Eco-Friendly and Sustainable Formulas
      • 3.2.3 Personalization and Specialized Formulas
      • 3.2.4 E-commerce and Online Sales
      • 3.2.5 Emerging Markets.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Ingredient
      • 3.7.3 Market attractiveness analysis By Distribution Channels
  • Chapter 4. Global Baby Infant Formula Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Baby Infant Formula Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Baby Infant Formula Market – Type Analysis
    • 5.1 Global Baby Infant Formula Market overview: By Type
      • 5.1.1 Global Baby Infant Formula Market share, By Type, 2022 and 2032
    • 5.2 Infant milk
      • 5.2.1 Global Baby Infant Formula Market by Infant milk, 2023 – 2032 (USD Billion)
    • 5.3 Follow on milk
      • 5.3.1 Global Baby Infant Formula Market by Follow on milk, 2023 – 2032 (USD Billion)
    • 5.4 Specialty baby milk
      • 5.4.1 Global Baby Infant Formula Market by Specialty baby milk, 2023 – 2032 (USD Billion)
    • 5.5 Growing-up milk
      • 5.5.1 Global Baby Infant Formula Market by Growing-up milk , 2023 – 2032 (USD Billion)
  • Chapter 6. Global Baby Infant Formula Market – Ingredient Analysis
    • 6.1 Global Baby Infant Formula Market overview: By Ingredient
      • 6.1.1 Global Baby Infant Formula Market share, By Ingredient, 2022 and 2032
    • 6.2 Carbohydrate
      • 6.2.1 Global Baby Infant Formula Market by Carbohydrate, 2023 – 2032 (USD Billion)
    • 6.3 Fat
      • 6.3.1 Global Baby Infant Formula Market by Fat, 2023 – 2032 (USD Billion)
    • 6.4 Protein
      • 6.4.1 Global Baby Infant Formula Market by Protein, 2023 – 2032 (USD Billion)
    • 6.5 Minerals
      • 6.5.1 Global Baby Infant Formula Market by Minerals, 2023 – 2032 (USD Billion)
    • 6.6 Vitamins
      • 6.6.1 Global Baby Infant Formula Market by Vitamins, 2023 – 2032 (USD Billion)
    • 6.7 Others
      • 6.7.1 Global Baby Infant Formula Market by Others , 2023 – 2032 (USD Billion)
  • Chapter 7. Global Baby Infant Formula Market – Distribution Channels Analysis
    • 7.1 Global Baby Infant Formula Market overview: By Distribution Channels
      • 7.1.1 Global Baby Infant Formula Market share, By Distribution Channels, 2022 and 2032
    • 7.2 Online Channel
      • 7.2.1 Global Baby Infant Formula Market by Online Channel, 2023 – 2032 (USD Billion)
    • 7.3 Offline Channel
      • 7.3.1 Global Baby Infant Formula Market by Offline Channel, 2023 – 2032 (USD Billion)
  • Chapter 8. Baby Infant Formula Market – Regional Analysis
    • 8.1 Global Baby Infant Formula Market Regional Overview
    • 8.2 Global Baby Infant Formula Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Baby Infant Formula Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Baby Infant Formula Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Baby Infant Formula Market, by Type, 2023 – 2032
      • 8.4.1 North America Baby Infant Formula Market, by Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Baby Infant Formula Market, by Ingredient, 2023 – 2032
      • 8.5.1 North America Baby Infant Formula Market, by Ingredient, 2023 – 2032 (USD Billion)
    • 8.6 North America Baby Infant Formula Market, by Distribution Channels, 2023 – 2032
      • 8.6.1 North America Baby Infant Formula Market, by Distribution Channels, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Baby Infant Formula Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Baby Infant Formula Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Baby Infant Formula Market, by Type, 2023 – 2032
      • 8.8.1 Europe Baby Infant Formula Market, by Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Baby Infant Formula Market, by Ingredient, 2023 – 2032
      • 8.9.1 Europe Baby Infant Formula Market, by Ingredient, 2023 – 2032 (USD Billion)
    • 8.10 Europe Baby Infant Formula Market, by Distribution Channels, 2023 – 2032
      • 8.10.1 Europe Baby Infant Formula Market, by Distribution Channels, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Baby Infant Formula Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Baby Infant Formula Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Baby Infant Formula Market, by Type, 2023 – 2032
      • 8.12.1 Asia Pacific Baby Infant Formula Market, by Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Baby Infant Formula Market, by Ingredient, 2023 – 2032
      • 8.13.1 Asia Pacific Baby Infant Formula Market, by Ingredient, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Baby Infant Formula Market, by Distribution Channels, 2023 – 2032
      • 8.14.1 Asia Pacific Baby Infant Formula Market, by Distribution Channels, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Baby Infant Formula Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Baby Infant Formula Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Baby Infant Formula Market, by Type, 2023 – 2032
      • 8.16.1 Latin America Baby Infant Formula Market, by Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Baby Infant Formula Market, by Ingredient, 2023 – 2032
      • 8.17.1 Latin America Baby Infant Formula Market, by Ingredient, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Baby Infant Formula Market, by Distribution Channels, 2023 – 2032
      • 8.18.1 Latin America Baby Infant Formula Market, by Distribution Channels, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Baby Infant Formula Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Baby Infant Formula Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Baby Infant Formula Market, by Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Baby Infant Formula Market, by Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Baby Infant Formula Market, by Ingredient, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Baby Infant Formula Market, by Ingredient, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Baby Infant Formula Market, by Distribution Channels, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Baby Infant Formula Market, by Distribution Channels, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Nestlé S.A.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Danone S.A.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Abbott Laboratories
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Mead Johnson Nutrition Company (a subsidiary of Reckitt Benckiser Group PLC)
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Kraft Heinz Company
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 FrieslandCampina N.V.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Beingmate Baby & Child Food Co. Ltd.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Meiji Holdings Co. Ltd.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Yili Group
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Synutra International Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 28

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Nestlé S.A.
  • Danone S.A.
  • Abbott Laboratories
  • Mead Johnson Nutrition Company (a subsidiary of Reckitt Benckiser Group PLC)
  • Kraft Heinz Company
  • FrieslandCampina N.V.
  • Beingmate Baby & Child Food Co. Ltd.
  • Meiji Holdings Co. Ltd.
  • Yili Group
  • Synutra International Inc.
  • Others

FAQs

“North America” region will lead the Global Baby Infant Formula Market during the forecast period 2023 to 2032.

The key factors driving the Market are Rising Demand for Organic and Natural Formulas, Eco-Friendly and Sustainable Formulas, Personalization and Specialized Formulas, E-commerce and Online Sales And Emerging Markets.

The key players operating in the Baby Infant Formula Market are Nestlé S.A., Danone S.A., Abbott Laboratories, Mead Johnson Nutrition Company (a subsidiary of Reckitt Benckiser Group PLC), Kraft Heinz Company, FrieslandCampina N.V., Beingmate Baby & Child Food Co. Ltd., Meiji Holdings Co. Ltd., Yili Group, Synutra International Inc., Others.

The Global Baby Infant Formula Market is expanding growth with a CAGR of approximately 9.8% during the forecast period (2023 to 2032).

The Global Baby Infant Formula Market size was valued at USD 26.2 Billion in 2022 and it is projected to reach around USD 58.1 Billion by 2032.

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