Global Baby Foods and Infant Formula Market Research Report 2022

Baby food products help in fulfilling nutritional requirements of babies and help in their physical growth and development. Infant formula products are to meet the nutritional needs of babies by adding various nutrients to milk powder to achieve an effect close to breast milk.
Due to the COVID-19 pandemic, the global Baby Foods and Infant Formula market size is estimated to be worth US$ 36720 million in 2021 and is forecast to a readjusted size of US$ 42250 million by 2028 with a CAGR of 2.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Baby Foods and Infant Formula market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Baby Foods and Infant Formula landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The major global manufacturers of baby food and formula include Beingmate, Hipp, Mead Johnson, Arla Foods, FrieslandCampina, Morinaga Milk, Yili Group, Danone, Abbott, Nestle, China Feihe, Hero Group and Meiji, etc., which are mainly distributed in Europe, North America, China and Japan, accounting for more than 60% of the market share. The world's largest consumer region is the Asia-Pacific region, which accounts for half of the market, followed by Europe and North America at 22 and 16 per cent, respectively.
Baby Foods and Infant Formula includes Milk Formula and Infant Complementary Foods, Milk Formula occupies the main market share. Among them, A2 Infant Formulas is the closest natural formula, so it is also widely favored by consumers. In 2019, it occupied 4% of the entire market.
The sales of Baby Foods and Infant Formula are mainly carried out through offline channels, of which Supermarket/Hypermarket and Baby Stores account for 23% and 36% of the market respectively in 2019. However, online sales will grow rapidly in the future.
This report focuses on Baby Foods and Infant Formula volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Baby Foods and Infant Formula market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Baby Foods and Infant Formula Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Sales Channel. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Milk Formula
A2 Infant Formulas
Infant Complementary Foods
Segment by Sales Channel
Offline Retail
E-Commerce
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Beingmate
HiPP
Mead Johnson
Arla Foods
FrieslandCampina
Morinaga Milk
Yili Group
Danone
Abbott
Nestle
China Feihe
Hero Group
Meiji

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