North America Baby Infant Formula Market Size, Trends and Insights By Ingredient (Carbohydrate, Fat, Protein, Minerals, Other Vitamins, Vit D, Iron, General Vitamins (A, C, E, B1, B2), DHA (Omega 3), Lactose, Minerals (calcium, zinc, magnesium), Probiotics, Prebiotics, Sodium, ARA (Omega 6), HMO, Lactoferrin, MFGM, Taurine, Nucleotides, SN2, OPN), By Health Requirement (Immunity, Digestion, Physical growth, Brain health, Eye health, Mental health, Allergy, Bones & Joints), By Formula Type (Infant Milk, Follow on, Specialty Formula, Growing Up Formula), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI39040

Published Date: January 2024

Pages: 320+

Category: North America

Report Snapshot

CAGR: 7.9%
5.6B
2022
6.2B
2023
12.3B
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
  • Mead Johnson Nutrition Company
  • FrieslandCampina
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the North America Baby Infant Formula Market is expected to record a CAGR of 7.9% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 6.2 Billion. By 2032, the valuation is anticipated to reach USD 12.3 Billion.

The North America Baby Infant Formula Market encompasses the production, distribution, and consumption of infant formula products in the region. Shaped by factors such as increasing awareness of infant nutrition, changing lifestyles, and a rise in working mothers, the market offers a range of formula options to meet diverse consumer needs.

Key players, including Nestlé, Danone, and Abbott Laboratories, compete by innovating formulations and expanding e-commerce channels. The market has experienced shifts in demand, emphasizing premium and specialty products, reflecting evolving consumer preferences and trends in infant feeding practices.

North America Baby Infant Formula Market – Significant Growth Factors

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

  • Increasing Health Consciousness: Growing awareness about the nutritional needs of infants has driven parents in North America to opt for premium and specialty infant formulas, contributing to the overall market growth.
  • Rise in Working Mothers: With a rising number of women in the workforce, there is an increased demand for convenient and timesaving feeding solutions, boosting the consumption of baby infant formula in the region.
  • Technological Advancements: Ongoing technological innovations in formula production have led to the development of high-quality and nutritionally advanced products, attracting consumers seeking the best for their infants.
  • E-commerce Growth: The expansion of e-commerce platforms has provided consumers with convenient access to a variety of baby infant formula products, influencing purchasing patterns and positively impacting market growth.
  • Focus on Organic and Natural Formulas: The increasing preference for organic and natural products presents an opportunity for manufacturers to expand their product lines and cater to the growing demand for healthier and more sustainable infant formula options.
  • Innovations in Packaging and Delivery: There is an opportunity for companies to invest in innovative packaging and delivery methods, enhancing convenience for parents and ensuring the freshness and quality of the baby infant formula, thus gaining a competitive edge in the market.

North America Baby Infant Formula Market – Mergers and Acquisitions

The North America 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 North America Baby Infant Formula Market include:

  • In 2022, Abbott Laboratories introduced Similac 360 Total Care, an infant formula with a unique blend of five human milk oligosaccharides. This innovative formula supports overall baby health, including the immune system, digestive system, and brain development, addressing comprehensive nutritional needs for optimal growth.
  • In 2021, Danone S.A. introduced a dairy and plant blend baby formula, catering to consumer demands for options suitable for vegetarian, flexitarian, and plant-based diets. This innovative product aligns with evolving dietary preferences while ensuring it meets the specific nutritional needs of infants.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the North America Baby Infant Formula Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

North America Baby Infant Formula Market Plant-based Milk Market Baby Infant Formula Market
CAGR 7.9% (Approx) CAGR 9% (Approx) CAGR 9.8% (Approx)
USD 12.3 Billion by 2032 USD 30 Billion by 2032 USD 58.1 Billion by 2032

North America Baby Infant Formula Market – Significant Threats

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

  • Regulatory Scrutiny and Compliance: Stringent regulations and increased scrutiny from regulatory bodies pose a significant threat to the baby infant formula market. Any changes in regulatory standards or compliance issues can impact manufacturing processes, leading to potential disruptions and additional costs for companies.
  • Health Concerns and Negative Public Perception: Rising concerns regarding the health implications of certain ingredients in baby formula and negative public perception can significantly impact market demand. Instances of product recalls or controversies related to formula safety can erode consumer trust and lead to a decline in sales.
  • Competition from Breastfeeding Advocacy: Strong advocacy for breastfeeding, supported by various health organizations, poses a threat to the baby infant formula market. Promoting breastfeeding as the preferred method of infant feeding can influence consumer choices, impacting market demand for formula products.
  • Economic Downturns and Price Sensitivity: Economic downturns and financial instability can lead to increased price sensitivity among consumers. As baby formula is considered a necessity, any significant price increases may result in consumers seeking more affordable alternatives or government-subsidized programs, affecting the market dynamics.
  • Supply Chain Disruptions: Events such as natural disasters, geopolitical tensions, or global health crises (as observed during the COVID-19 pandemic) can disrupt the supply chain for baby infant formula. Interruptions in the availability of raw materials, transportation challenges, or manufacturing disruptions can lead to shortages, impacting market stability and consumer confidence.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 6.2 Billion
Projected Market Size in 2032 USD 12.3 Billion
Market Size in 2022 USD 5.6 Billion
CAGR Growth Rate 7.9% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Ingredient, Health Requirement, Formula Type and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Ingredient

  • Carbohydrate: Carbohydrates in baby formula provide essential energy. Trends include a preference for lactose, mimicking breast milk sweetness, and the use of prebiotics to support gut health.
  • Fat: Fats aid brain development. Trends include the addition of DHA (Omega-3) and ARA (Omega-6) for neurological benefits, reflecting consumer demand for brain-boosting ingredients.
  • Protein: Critical for growth. Trends focus on optimizing protein sources, such as whey and casein blends, mirroring breast milk composition.
  • Minerals: Essential for bone health. Trends incorporate calcium, zinc, and magnesium, aligning with the demand for comprehensive nutritional profiles.
  • Other Vitamins: Vitamins (A, C, E, B1, B2) support overall health. Trends emphasize their inclusion of balanced nutrition and immune system support.
  • Vitamin D: Crucial for bone health. Trends showcase increased Vitamin D fortification, addressing potential deficiencies and promoting healthy development.
  • Iron: Critical for cognitive development. Trends highlight iron fortification to prevent deficiencies and support optimal neurological function.
  • DHA (Omega-3): Supports brain and vision development. Trends indicate a rising preference for formulas enriched with DHA, aligning with consumer awareness of its benefits.
  • Lactose: The primary carbohydrate in breast milk. Trends favor lactose due to its similarity to breast milk composition, promoting digestibility and sweetness.
  • Minerals (Calcium, Zinc, Magnesium): Essential for bone and overall health. Trends focus on balanced mineral content to mimic breast milk and support infant development.
  • Probiotics: Beneficial bacteria for gut health. Trends emphasize probiotic inclusion for digestive wellness, mirroring increased awareness of gut microbiota benefits.
  • Prebiotics: Promotes gut health. Trends showcase the addition of prebiotics to stimulate the growth of beneficial gut bacteria, supporting a healthy digestive system.
  • Sodium: Regulates fluid balance. Trends involve controlled sodium levels, aligning with recommendations for sodium intake in infants.
  • ARA (Omega-6): Critical for brain and eye development. Trends feature ARA supplementation for its neurological benefits, contributing to comprehensive infant nutrition.
  • HMO (Human Milk Oligosaccharides): Promotes a healthy gut microbiome. Trends focus on HMO inclusion to mimic breast milk and support immune system development.
  • Lactoferrin: Supports immune health. Trends highlight the addition of lactoferrin for its antimicrobial properties, promoting a robust immune system.
  • MFGM (Milk Fat Globule Membrane): Supports brain development. Trends emphasize MFGM inclusion for its role in neurological benefits and brain-boosting properties.
  • Taurine: Essential amino acid. Trends include taurine supplementation for its role in overall development and as a building block for protein synthesis.
  • Nucleotides: Supports immune function. Trends incorporate nucleotides for their role in immune system development, aligning with a focus on overall infant health.
  • SN2 (Palmitic Acid): A type of fatty acid. Trends involve incorporating SN2 for improved fat absorption and digestive comfort, reflecting advancements in formula composition.
  • OPN (Osteopontin): Supports bone health. Trends focus on OPN for its potential benefits in bone development, catering to the demand for comprehensive infant nutrition.

North America Baby Infant Formula Market 2023–2032 (By Billion)

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By Health Requirement

  • Immunity: Baby infant formulas in North America focus on incorporating essential nutrients like vitamins, minerals, and prebiotics to support a robust immune system, meeting the rising demand for products that enhance infants’ natural defenses.
  • Digestion: Formulas emphasize probiotics and easy-to-digest ingredients to promote healthy digestion, addressing parental concerns about infants’ digestive well-being.
  • Physical Growth: Infant formulas contain optimal protein levels and essential nutrients for healthy physical development, addressing the need for balanced nutrition and supporting overall growth.
  • Brain Health: Enriched with omega-3 fatty acids like DHA, formulas aim to support cognitive development and brain health, aligning with growing interest in nutrition for neurological well-being.
  • Eye Health: Infant formulas include nutrients like lutein and zeaxanthin, supporting visual development and eye health, catering to parents seeking comprehensive nutritional benefits.
  • Mental Health: Some formulas incorporate nutrients promoting mental well-being, aligning with a trend toward holistic health considerations for infants’ emotional and cognitive development.
  • Allergy: Hypoallergenic formulas with extensively hydrolyzed proteins are gaining popularity, addressing concerns about allergies and catering to infants with sensitivities.
  • Bones & Joints: Fortified with calcium, vitamin D, and phosphorus, infant formulas support bone and joint health, meeting parental expectations for comprehensive nutritional offerings to ensure optimal skeletal development.

By Formula Type

  • Infant Milk: Infant milk, the initial feeding option for newborns, dominates the North America Baby Infant Formula Market. Trends include a focus on nutrition mimicking breast milk, the addition of probiotics, and the popularity of organic variants, reflecting parents’ desire for high-quality and wholesome options.
  • Follow On: Follow-on formula serves as a transitional step in the North American market, catering to babies after infancy. Growing trends involve fortified varieties, the inclusion of prebiotics, and a focus on cognitive development, meeting the evolving nutritional needs of transitioning infants.
  • Specialty Formula: Specialty formula in North America addresses specific health concerns or dietary requirements. Trends include the rise of hypoallergenic formulas, organic and non-GMO options, and formulas tailored for infants with specific medical conditions, catering to diverse parental needs and preferences.
  • Growing Up Formula: Growing-up formula targets toddlers and young children in the North American market. Trends encompass fortification with essential nutrients like DHA and omega-3, a surge in organic offerings, and marketing strategies promoting these formulas as crucial for healthy development during the early years.

North America Baby Infant Formula Market 2023–2032 (By Formula Type)

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Competitive Landscape – North America Baby Infant Formula Market

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

  • Nestlé S.A.
  • Danone S.A.
  • Abbott Laboratories
  • Mead Johnson Nutrition Company
  • FrieslandCampina
  • Perrigo Company plc
  • The Kraft Heinz Company
  • Hain Celestial Group Inc.
  • Beingmate Baby & Child Food Co. Ltd.
  • Baby Gourmet Foods Inc.
  • Arla Foods Amba
  • Hero Group
  • Pinnacle Foods Inc.
  • Nature’s One Inc.
  • Plum Organics
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

Several new players have entered the baby infant formula market by adopting innovation and development strategies. Start-ups and niche players focus on introducing organic, allergen-free, and technologically advanced formulas to capture market share. However, key players like Nestlé, Danone, and Abbott Laboratories dominate the market.

Their dominance stems from extensive R&D, brand recognition, and global distribution networks. These established players leverage economies of scale to invest in cutting-edge technologies, ensuring product quality, meeting regulatory standards, and maintaining consumer trust, solidifying their leading positions in the highly competitive market.

North America Baby Infant Formula Market 2023–2032 (By Health Requirement)

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The North America Baby Infant Formula Market is segmented as follows:

By Ingredient

  • Carbohydrate
  • Fat
  • Protein
  • Minerals
  • Other Vitamins
  • Vit D
  • Iron
  • General Vitamins (A, C, E, B1, B2)
  • DHA (Omega 3),
  • Lactose
  • Minerals (calcium, zinc, magnesium)
  • Probiotics
  • Prebiotics
  • Sodium
  • ARA (Omega 6)
  • HMO
  • Lactoferrin
  • MFGM
  • Taurine
  • Nucleotides
  • SN2
  • OPN

By Health Requirement

  • Immunity
  • Digestion
  • Physical growth
  • Brain Health
  • Eye Health
  • Mental health
  • Allergy
  • Bones & Joints

By Formula Type

  • Infant Milk
  • Follow on
  • Specialty Formula
  • Growing Up Formula

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North 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 North America Baby Infant Formula Market, (2023 – 2032) (USD Billion)
    • 2.2 North America Baby Infant Formula Market: snapshot
  • Chapter 3. North America Baby Infant Formula Market – Industry Analysis
    • 3.1 North America Baby Infant Formula Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Health Consciousness
      • 3.2.2 Rise in Working Mothers
      • 3.2.3 Technological Advancements
      • 3.2.4 E-commerce Growth
      • 3.2.5 Focus on Organic and Natural Formulas
      • 3.2.6 Innovations in Packaging and Delivery.
    • 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 Ingredient
      • 3.7.2 Market Attractiveness Analysis By Health Requirement
      • 3.7.3 Market Attractiveness Analysis By Formula Type
  • Chapter 4. North America Baby Infant Formula Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 North America 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, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. North America Baby Infant Formula Market – Ingredient Analysis
    • 5.1 North America Baby Infant Formula Market Overview: By Ingredient
      • 5.1.1 North America Baby Infant Formula Market Share, By Ingredient, 2022 and 2032
    • 5.2 Carbohydrate
      • 5.2.1 North America Baby Infant Formula Market by Carbohydrate, 2023 – 2032 (USD Billion)
    • 5.3 Fat
      • 5.3.1 North America Baby Infant Formula Market by Fat, 2023 – 2032 (USD Billion)
    • 5.4 Protein
      • 5.4.1 North America Baby Infant Formula Market by Protein, 2023 – 2032 (USD Billion)
    • 5.5 Minerals
      • 5.5.1 North America Baby Infant Formula Market by Minerals, 2023 – 2032 (USD Billion)
    • 5.6 Other Vitamins
      • 5.6.1 North America Baby Infant Formula Market by Other Vitamins, 2023 – 2032 (USD Billion)
    • 5.7 Vit D
      • 5.7.1 North America Baby Infant Formula Market by Vit D, 2023 – 2032 (USD Billion)
    • 5.8 Iron
      • 5.8.1 North America Baby Infant Formula Market by Iron, 2023 – 2032 (USD Billion)
    • 5.9 General Vitamins (A, C, E, B1, B2)
      • 5.9.1 North America Baby Infant Formula Market by General Vitamins (A, C, E, B1, B2), 2023 – 2032 (USD Billion)
    • 5.10 DHA (Omega 3)
      • 5.10.1 North America Baby Infant Formula Market by DHA (Omega 3), 2023 – 2032 (USD Billion)
    • 5.11 Lactose
      • 5.11.1 North America Baby Infant Formula Market by Lactose, 2023 – 2032 (USD Billion)
    • 5.12 Minerals (calcium, zinc, magnesium)
      • 5.12.1 North America Baby Infant Formula Market by Minerals (calcium, zinc, magnesium), 2023 – 2032 (USD Billion)
    • 5.13 Probiotics
      • 5.13.1 North America Baby Infant Formula Market by Probiotics, 2023 – 2032 (USD Billion)
    • 5.14 Prebiotics
      • 5.14.1 North America Baby Infant Formula Market by Prebiotics, 2023 – 2032 (USD Billion)
    • 5.15 Sodium
      • 5.15.1 North America Baby Infant Formula Market by Sodium, 2023 – 2032 (USD Billion)
    • 5.16 ARA (Omega 6)
      • 5.16.1 North America Baby Infant Formula Market by ARA (Omega 6), 2023 – 2032 (USD Billion)
    • 5.17 HMO
      • 5.17.1 North America Baby Infant Formula Market by HMO, 2023 – 2032 (USD Billion)
    • 5.18 Lactoferrin
      • 5.18.1 North America Baby Infant Formula Market by Lactoferrin, 2023 – 2032 (USD Billion)
    • 5.19 MFGM
      • 5.19.1 North America Baby Infant Formula Market by MFGM, 2023 – 2032 (USD Billion)
    • 5.20 Taurine
      • 5.20.1 North America Baby Infant Formula Market by Taurine, 2023 – 2032 (USD Billion)
    • 5.21 Nucleotides
      • 5.21.1 North America Baby Infant Formula Market by Nucleotides, 2023 – 2032 (USD Billion)
    • 5.22 SN2
      • 5.22.1 North America Baby Infant Formula Market by SN2, 2023 – 2032 (USD Billion)
    • 5.23 OPN
      • 5.23.1 North America Baby Infant Formula Market by OPN, 2023 – 2032 (USD Billion)
  • Chapter 6. North America Baby Infant Formula Market – Health Requirement Analysis
    • 6.1 North America Baby Infant Formula Market Overview: By Health Requirement
      • 6.1.1 North America Baby Infant Formula Market Share, By Health Requirement, 2022 and 2032
    • 6.2 Immunity
      • 6.2.1 North America Baby Infant Formula Market by Immunity, 2023 – 2032 (USD Billion)
    • 6.3 Digestion
      • 6.3.1 North America Baby Infant Formula Market by Digestion, 2023 – 2032 (USD Billion)
    • 6.4 Physical growth
      • 6.4.1 North America Baby Infant Formula Market by Physical Growth, 2023 – 2032 (USD Billion)
    • 6.5 Brain health
      • 6.5.1 North America Baby Infant Formula Market by Brain Health, 2023 – 2032 (USD Billion)
    • 6.6 Eye health
      • 6.6.1 North America Baby Infant Formula Market by Eye Health, 2023 – 2032 (USD Billion)
    • 6.7 Mental health
      • 6.7.1 North America Baby Infant Formula Market by Mental Health, 2023 – 2032 (USD Billion)
    • 6.8 Allergy
      • 6.8.1 North America Baby Infant Formula Market by Allergy, 2023 – 2032 (USD Billion)
    • 6.9 Bones & Joints
      • 6.9.1 North America Baby Infant Formula Market by Bones & Joints, 2023 – 2032 (USD Billion)
  • Chapter 7. North America Baby Infant Formula Market – Formula Type Analysis
    • 7.1 North America Baby Infant Formula Market Overview: By Formula Type
      • 7.1.1 North America Baby Infant Formula Market Share, By Formula Type, 2022 and 2032
    • 7.2 Infant Milk
      • 7.2.1 North America Baby Infant Formula Market by Infant Milk, 2023 – 2032 (USD Billion)
    • 7.3 Follow on
      • 7.3.1 North America Baby Infant Formula Market by Follow on, 2023 – 2032 (USD Billion)
    • 7.4 Specialty Formula
      • 7.4.1 North America Baby Infant Formula Market by Specialty Formula, 2023 – 2032 (USD Billion)
    • 7.5 Growing Up Formula
      • 7.5.1 North America Baby Infant Formula Market by Growing Up Formula, 2023 – 2032 (USD Billion)
  • Chapter 8. North America Baby Infant Formula Market – Regional Analysis
    • 8.1 North America Baby Infant Formula Market Regional Overview
    • 8.2 North America Baby Infant Formula Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America North America Baby Infant Formula Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America North America Baby Infant Formula Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America North America Baby Infant Formula Market, by Ingredient, 2023 – 2032
      • 8.4.1 North America North America Baby Infant Formula Market, by Ingredient, 2023 – 2032 (USD Billion)
    • 8.5 North America North America Baby Infant Formula Market, by Health Requirement, 2023 – 2032
      • 8.5.1 North America North America Baby Infant Formula Market, by Health Requirement, 2023 – 2032 (USD Billion)
    • 8.6 North America North America Baby Infant Formula Market, by Formula Type, 2023 – 2032
      • 8.6.1 North America North America Baby Infant Formula Market, by Formula Type, 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
      • 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 FrieslandCampina
      • 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 Perrigo Company plc
      • 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 The Kraft Heinz Company
      • 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 Hain Celestial Group Inc.
      • 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 Beingmate Baby & Child Food Co. Ltd.
      • 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 Baby Gourmet Foods 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 Arla Foods Amba
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Hero Group
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Pinnacle Foods Inc.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Nature’s One Inc.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Plum Organics
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 46

List Of Tables

Tables No 1 to 5

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 2032

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 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, 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
  • FrieslandCampina
  • Perrigo Company plc
  • The Kraft Heinz Company
  • Hain Celestial Group Inc.
  • Beingmate Baby & Child Food Co. Ltd.
  • Baby Gourmet Foods Inc.
  • Arla Foods Amba
  • Hero Group
  • Pinnacle Foods Inc.
  • Nature’s One Inc.
  • Plum Organics
  • Others

FAQs

The key factors driving the Market are Increasing Health Consciousness, Rise in Working Mothers, Technological Advancements, E-commerce Growth, Focus on Organic and Natural Formulas And Innovations in Packaging and Delivery.

The “Infant Milk” category dominated the market in 2022.

The key players in the market are Nestlé S.A., Danone S.A., Abbott Laboratories, Mead Johnson Nutrition Company , FrieslandCampina, Perrigo Company plc, The Kraft Heinz Company, Hain Celestial Group Inc., Beingmate Baby & Child Food Co. Ltd., Baby Gourmet Foods Inc., Arla Foods Amba, Hero Group, Pinnacle Foods Inc. , Nature’s One Inc., Plum Organics, Others.

The market is projected to grow at a CAGR of 7.9% during the forecast period, 2023-2032.

The North America Baby Infant Formula Market size was valued at USD 6.2 Billion in 2023.

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