Global Baby Food and Infant Formula Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Baby Food and Infant Formula Market Introduction:

Baby food and infant formula are essential in the development of an infant. They both provide a nutrient-rich diet that is specifically tailored for infants. The two differ slightly in their ingredients, but they serve the same purpose: to grow healthy and strong.

Baby food is a partial or complete substitute for breast milk for infants under two years of age. It is a soft food that is easily eaten by babies and infants. The Federal Food, Drug, and Cosmetic Act (FFDCA) of the United States defines infant formula as “a food that, because it simulates human milk or is suitable for use as baby food, claims or is expressed as a special dietary use, and is only used as baby food. Complete or Partially replace humans."

The Food and Drug Administration (FDA), US regulates commercial infant formulas to ensure they meet minimum nutritional and safety requirements. Iron-fortifiedalert icon infant formula is recommended. The commercial infant formulas sold in the United States contain iron. Commercial infant formulas are available in liquid and powder forms. As people become more aware of the role of baby food in meeting the nutritional needs of infants and young children, the baby food market has been greatly promoted. The main challenges facing the baby food industry are low birth rates, static market conditions in developed countries, and infant milk intolerance. However, the opportunities in the baby food market are huge, because developing economies have huge untapped markets, and with the continuous development of food technology and new product development, it is expected that more customers will be attracted in the future.

The Global Baby Food and Infant Formula Market Revenue Outlook:

The Global baby food and infant formula market was valued at US$ 55.8 Bn in 2020 and is projected to register а САGR of 7.0% by 2031.

Rising demand for Baby Food and Infant Formula

The demand for baby formula and other commercial baby foods is leading to a growing number of children consuming them, raising concerns about their products' effects on infants' health. These products are manufactured and marketed through a global network that exceeds the control of separate nations. The global baby food market is expected to grow high rate over the forecast period. According to Baby Center, parents are spending at least $600 per year on this for their kids. However, when it comes to keeping these children healthy, the nutritional value of the food is just as important as any other preference.

The advancement of urbanization, the increase of personal disposable income and the increase of the population base are some of the key reasons to promote the development of the global baby food and infant formula market.

COVID-19 impact on the Baby Food and Infant Formula Market

The economic crisis associated with the COVID-19 pandemic and the disruption of food and health systems has the potential to exacerbate undernutrition in low- and middle-income countries. The pandemic and the associated global economic downturn have severely hindered the achievement of the global nutritional goals set for 2025 for stunting, wasting, maternal anemia, and breastfeeding1. The economic contraction associated with the pandemic and the destruction of food and health systems may now exacerbate maternal and child malnutrition in low- and middle-income countries. Global estimates for mid-2020 (economic growth forecasts subsequently deteriorated) indicate that economic contraction and disruption of the food supply chain have led to 95 million people falling into extreme poverty and exacerbating household food insecurity.

Key Challenges To The Baby Food And Infant Formula Market

There are many challenges to the baby food market. These challenges include the perceived lack of organic foods, allergies to common ingredients, and an oversaturation of products. Environmental concerns are also entering the discussion as people consider how much waste is created by all the plastic packaging.

Key Opportunities For Revenue Growth In The Baby Food And Infant Formula Market

The global baby food market is estimated to be worth $XX billion and will continue to grow as children and their family members grow exponentially. Oftentimes parents and guardians find themselves in a dilemma when it comes to what type of food they should feed their child.

Future Of Baby Food And Infant Formula

The future of baby food and infant formula has been on the minds of many parents since the FDA announced major changes in 2010. The new regulations require labeling for "added sugars" and "calories from fat." There is also some confusion about how the FDA's definition of "infant formula" is different than what most people think. Infant Formula can also be known as follow-up formula, which is introduced after an infant has started eating solid foods or cow's milk.

Regional Analysis

Asia-Pacific region is expected to have a significant market share among others

The Asia-Pacific region dominates the baby food and infant formula market in the region of China , India, Indonesia, the Philippines and South Korea. This is attributed to the large population of 0 to 4 years old, the increasing female labor force participation rate, the increase in disposable income, the busy lifestyle, and the high standard of living in certain APAC countries.

Competitive Landscape

Some of the major leading players operating in the Baby Food and Infant Formula market are mentioned below:

• Abbott Nutrition
• Hipp
• NUTRICIA
• Nutrilon
• Enfamil
• Cow and Gate
• Milupa
• Friso
• Organix
• Mead Johnson
• Ella's Kitchen
• Heinz
• Royal FrieslandCampina NV
• Danone
• Nestle
• Abbott Laboratories
• Plum Baby
• Wyeth
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

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

Key Segments Covered

The Global Baby Food & Infant Formula Market, By Type

• Milk Formula
• Dried Baby Food
• Prepared Baby Food
• Others

The Global Baby Food & Infant Formula Market, By Distribution Channel

• Hypermarket/Supermarket
• Pharmacies
• Online Stores
• Other Distribution Channels