About Baby Food and Infant Formula
The baby food and infant food formula are designed to feed babies and infants under 12 months of age. It is either a partial or a total substitute for breast milk. The United States FFDCA defines infant formula as food which purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk. The ingredients used in the baby food and infant formula are free from chemicals.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Baby Food and Infant Formula market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Nutrition (United States), Arla Foods (Denmark), Campbell Soup Company (United States), Dana Dairy Group Ltd (France), Danone (France), HiPP (Germany), Nestle (Switzerland), Mead Johnson Nutrition (United States), Meiji Holdings Co. Ltd (Japan) and The Kraft Heinz Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are FrieslandCampina (Netherland), Beingmate Baby & Child Food Co. Ltd. (China) and Hain Celestial Group (United States).
Segmentation Overview
AMA Research has segmented the market of Global Baby Food and Infant Formula market by Type (Baby Food {Prepared food, Dried food and Other food} and Infant Formula { Infant Milk, Follow-on-Milk, Specialty Baby Milk and Growing-up Milk}), Application (0-6 Months, 6-12 Months and >12 Months) and Region.
On the basis of geography, the market of Baby Food and Infant Formula has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Ingredients, the sub-segment i.e. Carbohydrate will boost the Baby Food and Infant Formula market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Organic Products
Market Growth Drivers:
Rising Awareness among People about Baby's Heath, High Standard Of Living and Busy Lifestyle and Increased Per Capita Disposable Income
Challenges:
Concerns Related To Food Safety and Stringent Rules and Regulations of the Governments
Restraints:
Decline in Global Birth Rate and Less Awareness in Some Regions
Opportunities:
Rising Health Concerns towards the Overall Development of the Baby and Growing Demand from Developing Countries
Market Leaders and their expansionary development strategies
In May 2022, Abbott reached an agreement with the FDA to reopen milk formula plants to alleviate a nationwide shortage. Under the Consent Act, Abbott agreed to address unsanitary conditions that led to contamination at a milk formula plant in Sturgis, Michigan. Abbott said the plant could be restarted within two weeks.
On 21th Jan 2019, Nestle opens a new Research and Development center for maternal and infant nutrition. It will focus on scientific research to support innovation in milk-based maternal and infant nutrition products for the global market.
As per United States FDA, persons responsible for the manufacture or distribution of infant formula that will be introduced into interstate commerce in the United States must comply with the requirements of the Federal Food, Drug, and Cosmetic Act ( the act), 21 USC 321 et seq., and FDA's regulations implementing the act.
Key Target Audience
Baby Food Manufacturers, Retailers and Wholesaler, E-Commerce Industry, Raw Material Suppliers and Traders, Importers and Exporters
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.