Baby Food and Infant Formula Market Outlook, Industry Statistics, Demand and Business Prospects 2023-2028

Baby Food and Infant Formula Market Outlook, Industry Statistics, Demand and Business Prospects 2023-2028

May 04
18:30 2023
Baby Food and Infant Formula Market Outlook, Industry Statistics, Demand and Business Prospects 2023-2028
Baby Food and Infant Formula Market
Infant formula is an artificially synthesized substitute of breast milk used to feed babies under twelve months of age.

The latest report by IMARC Group, titled “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on baby food and infant formula industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global baby food and infant formula market size reached US$ 48.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.52% during 2023-2028.

Report Highlights

How big is the baby food and infant formula market?

Report Attributes


Market Size in 2022

US$ 48.5 Billion

Market Forecast in 2028

US$ 67.6 Billion

Growth rate (2023 to 2028)

CAGR of 5.52%

Base Year of the Analysis


Forecast Period


What are baby food and infant formula?

Baby food and infant formula represent easy-to-consume and soft food products that are produced for toddlers and infants in the form of mashed vegetables, cereals, fruits, etc. They usually consist of milk protein-based ingredients and offer the right balance of proteins, fats, carbohydrates, vitamins, minerals, etc., to support the healthy growth and development. In line with this, they can be quickly heated up or mixed with water and convenient to prepare. Baby food and infant formula are easily digestible and help in preventing digestive issues. They offer a substitute for breast milk and act as a primary source of calories. Baby food and infant formula aid in preventing food intolerances and allergies by providing a hypoallergenic option for babies who are at risk and are also free from harmful additives and substances.

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What are the growth prospects and trends in the baby food and infant formula industry?

The hectic working schedules and the inflating disposable income levels are primarily driving the baby food and infant formula market. Additionally, the expanding e-commerce industry is further catalyzing the market growth. Besides this, the growing number of nuclear families is propelling the demand for convenient and easy-to-prepare baby food and infant formulas, which is acting as another significant growth-inducing factor. Moreover, the introduction of flavors in baby food and infant formulas, such as honey, apple-cinnamon, chocolate, strawberry, vanilla, etc., to make the food more palatable for a child is positively influencing the global market. Apart from this, the widespread adoption of infant formula products for babies with medical conditions or allergies is also bolstering the market growth. Furthermore, the development of organic and natural food products for babies is expected to fuel the baby food and infant formula market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Milk Formula
  • Dried Baby Food
  • Prepared Baby Food
  • Other Baby Food

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Pharmacies
  • Convenience Stores
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

  • Abbott Nutrition
  • Nestlé S.A.
  • Danone S.A.
  • Mead Johnson & Company, LLC
  • Kraft Heinz Company

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