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Global Baby Food and Formula Market Research Report 2025
Synopsis
Infant milk powder, also known as mother milk powder, is a milk product that is formulated on the basis of ordinary milk powder to meet the infant's nutritional needs. Make it close to human milk ingredients, then add various vitamins and trace elements, suitable for feeding infants.
In the infancy stage, breastmilk is certainly the best food for your baby, but as your baby grows up, it takes about six months to start. Light breast milk or infant formula can no longer meet your baby's nutritional needs. So during this time, in addition to the original breast milk or infant formula, in addition to the baby should be given some solid objects, which is what we call complementary food. Food supplements include rice flour, muddy lake foods, and other homemade foods.
The global Baby Food and Formula market was valued at US$ 46700 million in 2023 and is anticipated to reach US$ 64280 million by 2030, witnessing a CAGR of 4.6% during the forecast period 2024-2030.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
This report aims to provide a comprehensive presentation of the global market for Baby Food and Formula, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Baby Food and Formula.
Report Scope
The Baby Food and Formula market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Baby Food and Formula market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Baby Food and Formula manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Abbott's
Danone
Kraft Heinz
MJN
Nestlé
Segment by Type
Prepared Food
Dried Food
Milk Formula
Segment by Application
Supermarkets and Hypermarkets
Speciality Stores
Small Grocery Stores
Consumption 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
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Baby Food and Formula manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Baby Food and Formula in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Infant milk powder, also known as mother milk powder, is a milk product that is formulated on the basis of ordinary milk powder to meet the infant's nutritional needs. Make it close to human milk ingredients, then add various vitamins and trace elements, suitable for feeding infants.
In the infancy stage, breastmilk is certainly the best food for your baby, but as your baby grows up, it takes about six months to start. Light breast milk or infant formula can no longer meet your baby's nutritional needs. So during this time, in addition to the original breast milk or infant formula, in addition to the baby should be given some solid objects, which is what we call complementary food. Food supplements include rice flour, muddy lake foods, and other homemade foods.
The global Baby Food and Formula market was valued at US$ 46700 million in 2023 and is anticipated to reach US$ 64280 million by 2030, witnessing a CAGR of 4.6% during the forecast period 2024-2030.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
This report aims to provide a comprehensive presentation of the global market for Baby Food and Formula, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Baby Food and Formula.
Report Scope
The Baby Food and Formula market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Baby Food and Formula market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Baby Food and Formula manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Abbott's
Danone
Kraft Heinz
MJN
Nestlé
Segment by Type
Prepared Food
Dried Food
Milk Formula
Segment by Application
Supermarkets and Hypermarkets
Speciality Stores
Small Grocery Stores
Consumption 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
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Baby Food and Formula manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Baby Food and Formula in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Index1 Baby Food and Formula Market Overview
1.1 Product Overview and Scope of Baby Food and Formula
1.2 Baby Food and Formula Segment by Type
1.2.1 Global Baby Food and Formula Market Value Comparison by Type (2024-2030)
1.2.2 Prepared Food
1.2.3 Dried Food
1.2.4 Milk Formula
1.3 Baby Food and Formula Segment by Application
1.3.1 Global Baby Food and Formula Market Value by Application: (2024-2030)
1.3.2 Supermarkets and Hypermarkets
1.3.3 Speciality Stores
1.3.4 Small Grocery Stores
1.4 Global Baby Food and Formula Market Size Estimates and Forecasts
1.4.1 Global Baby Food and Formula Revenue 2019-2030
1.4.2 Global Baby Food and Formula Sales 2019-2030
1.4.3 Global Baby Food and Formula Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 Baby Food and Formula Market Competition by Manufacturers
2.1 Global Baby Food and Formula Sales Market Share by Manufacturers (2019-2024)
2.2 Global Baby Food and Formula Revenue Market Share by Manufacturers (2019-2024)
2.3 Global Baby Food and Formula Average Price by Manufacturers (2019-2024)
2.4 Global Baby Food and Formula Industry Ranking 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Baby Food and Formula, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Baby Food and Formula, Product Type & Application
2.7 Baby Food and Formula Market Competitive Situation and Trends
2.7.1 Baby Food and Formula Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Baby Food and Formula Players Market Share by Revenue
2.7.3 Global Baby Food and Formula Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Baby Food and Formula Retrospective Market Scenario by Region
3.1 Global Baby Food and Formula Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global Baby Food and Formula Global Baby Food and Formula Sales by Region: 2019-2030
3.2.1 Global Baby Food and Formula Sales by Region: 2019-2024
3.2.2 Global Baby Food and Formula Sales by Region: 2025-2030
3.3 Global Baby Food and Formula Global Baby Food and Formula Revenue by Region: 2019-2030
3.3.1 Global Baby Food and Formula Revenue by Region: 2019-2024
3.3.2 Global Baby Food and Formula Revenue by Region: 2025-2030
3.4 North America Baby Food and Formula Market Facts & Figures by Country
3.4.1 North America Baby Food and Formula Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America Baby Food and Formula Sales by Country (2019-2030)
3.4.3 North America Baby Food and Formula Revenue by Country (2019-2030)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Baby Food and Formula Market Facts & Figures by Country
3.5.1 Europe Baby Food and Formula Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe Baby Food and Formula Sales by Country (2019-2030)
3.5.3 Europe Baby Food and Formula Revenue by Country (2019-2030)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Baby Food and Formula Market Facts & Figures by Country
3.6.1 Asia Pacific Baby Food and Formula Market Size by Country: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific Baby Food and Formula Sales by Country (2019-2030)
3.6.3 Asia Pacific Baby Food and Formula Revenue by Country (2019-2030)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Baby Food and Formula Market Facts & Figures by Country
3.7.1 Latin America Baby Food and Formula Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America Baby Food and Formula Sales by Country (2019-2030)
3.7.3 Latin America Baby Food and Formula Revenue by Country (2019-2030)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Baby Food and Formula Market Facts & Figures by Country
3.8.1 Middle East and Africa Baby Food and Formula Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa Baby Food and Formula Sales by Country (2019-2030)
3.8.3 Middle East and Africa Baby Food and Formula Revenue by Country (2019-2030)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Baby Food and Formula Sales by Type (2019-2030)
4.1.1 Global Baby Food and Formula Sales by Type (2019-2024)
4.1.2 Global Baby Food and Formula Sales by Type (2025-2030)
4.1.3 Global Baby Food and Formula Sales Market Share by Type (2019-2030)
4.2 Global Baby Food and Formula Revenue by Type (2019-2030)
4.2.1 Global Baby Food and Formula Revenue by Type (2019-2024)
4.2.2 Global Baby Food and Formula Revenue by Type (2025-2030)
4.2.3 Global Baby Food and Formula Revenue Market Share by Type (2019-2030)
4.3 Global Baby Food and Formula Price by Type (2019-2030)
5 Segment by Application
5.1 Global Baby Food and Formula Sales by Application (2019-2030)
5.1.1 Global Baby Food and Formula Sales by Application (2019-2024)
5.1.2 Global Baby Food and Formula Sales by Application (2025-2030)
5.1.3 Global Baby Food and Formula Sales Market Share by Application (2019-2030)
5.2 Global Baby Food and Formula Revenue by Application (2019-2030)
5.2.1 Global Baby Food and Formula Revenue by Application (2019-2024)
5.2.2 Global Baby Food and Formula Revenue by Application (2025-2030)
5.2.3 Global Baby Food and Formula Revenue Market Share by Application (2019-2030)
5.3 Global Baby Food and Formula Price by Application (2019-2030)
6 Key Companies Profiled
6.1 Abbott's
6.1.1 Abbott's Corporation Information
6.1.2 Abbott's Description and Business Overview
6.1.3 Abbott's Baby Food and Formula Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Abbott's Baby Food and Formula Product Portfolio
6.1.5 Abbott's Recent Developments/Updates
6.2 Danone
6.2.1 Danone Corporation Information
6.2.2 Danone Description and Business Overview
6.2.3 Danone Baby Food and Formula Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Danone Baby Food and Formula Product Portfolio
6.2.5 Danone Recent Developments/Updates
6.3 Kraft Heinz
6.3.1 Kraft Heinz Corporation Information
6.3.2 Kraft Heinz Description and Business Overview
6.3.3 Kraft Heinz Baby Food and Formula Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Kraft Heinz Baby Food and Formula Product Portfolio
6.3.5 Kraft Heinz Recent Developments/Updates
6.4 MJN
6.4.1 MJN Corporation Information
6.4.2 MJN Description and Business Overview
6.4.3 MJN Baby Food and Formula Sales, Revenue and Gross Margin (2019-2024)
6.4.4 MJN Baby Food and Formula Product Portfolio
6.4.5 MJN Recent Developments/Updates
6.5 Nestlé
6.5.1 Nestlé Corporation Information
6.5.2 Nestlé Description and Business Overview
6.5.3 Nestlé Baby Food and Formula Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Nestlé Baby Food and Formula Product Portfolio
6.5.5 Nestlé Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Baby Food and Formula Industry Chain Analysis
7.2 Baby Food and Formula Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Baby Food and Formula Production Mode & Process
7.4 Baby Food and Formula Sales and Marketing
7.4.1 Baby Food and Formula Sales Channels
7.4.2 Baby Food and Formula Distributors
7.5 Baby Food and Formula Customers
8 Baby Food and Formula Market Dynamics
8.1 Baby Food and Formula Industry Trends
8.2 Baby Food and Formula Market Drivers
8.3 Baby Food and Formula Market Challenges
8.4 Baby Food and Formula Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Published By : QY Research
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