The global baby food market is estimated to reach USD 84 billion in 2024. The sales of baby food market are expected to grow at a CAGR of 5.0%. The global market of baby food is estimated to reach USD 137 billion by 2034.
Organic baby foods will likely remain a popular category during the assessment period. This can be attributed to rising health concerns and growing awareness of the benefits of organic food products. The target segment is set to total USD 48.0 billion in 2034.
Global Baby Food Market Insights
Attributes | Key Insights |
---|---|
Estimated Baby Food Market Value (2024) | USD 84 billion |
Projected Baby Food Market Revenue (2034) | USD 137 billion |
Value CAGR (2024 to 2034) | 5.0% |
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Global sales of baby food products increased at a CAGR of 4.5% between 2019 and 2023. The period marked the entry of various market players and product innovations.
Over the forecast period, the global baby food industry is poised to expand at a CAGR of 5.0%. At the end of 2034, total market valuation will likely reach USD 137.0 billion.
Baby food continues to gain ground as one of the fastest-growing retail products in the food & and beverage sector. Rapid population growth, urbanization, and increasing consumer spending are expected to drive the baby food industry forward.
Manufacturers are incorporating prebiotics, probiotics, and other nutrients into their products. This will also help them to meet the growing demand for vegan and allergy-free baby food products.
The table below shows the estimated growth rates of the key countries. The United Kingdom, India, and Japan are set to record high CAGRs of 6.0%, 5.5%, and 5.3%, respectively, through 2034.
In the United States, demand for baby food products is primarily driven by an increasing female labor force. The United Kingdom is emerging as a highly lucrative baby food market owing to rising infant population and growing demand for plant-based baby food options.
China holds a prominent share in the Asia Pacific baby food industry. Favorable government policies in India are helping key market players across the nation to gain profits. Japan is expected to register steady growth amid rising demand for infant formulas.
Countries | Projected Baby Food Industry CAGR (2024 to 2034) |
---|---|
United States | 4.0% |
United Kingdom | 6.0% |
China | 4.1% |
India | 5.5% |
Japan | 5.3% |
The table below highlights key countries’ baby food market revenues. The United States and China are expected to remain the top consumers of baby foods, with estimated valuations of USD 9.2 billion and USD 5.7 billion, respectively, in 2024.
Countries | Estimated Market Value (2024) |
---|---|
United States | USD 9.2 billion |
China | USD 5.7 billion |
United Kingdom | USD 4.6 billion |
India | USD 4.1 billion |
Japan | USD 3.3 billion |
The United States baby food market is estimated to be valued at USD 9.2 billion in 2024. It will likely register a CAGR of 4.0% during the assessment period.
The baby food market size in India is anticipated to expand at a CAGR of 5.5% over the forecast period. In 2024, India's baby food industry value is estimated to reach USD 4.1 billion.
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The table below offers compelling insights into top segments in the baby food industry. This information will likely allow players to offer popular products to boost revenue and utilize convenient distribution platforms.
Top Segment (Product Type) | Milk Formula |
---|---|
Projected Valuation (2034) | USD 62 billion |
As per the latest analysis, demand is expected to remain for milk formulas throughout the forecast period. The target segment is estimated to account for a revenue share of 47.1% in 2024 and total a valuation of USD 62 billion by 2034.
Top Segment (Distribution Channel) | Supermarkets |
---|---|
Expected Valuation (2034) | USD 82 billion |
Supermarkets/hypermarkets are expected to remain highly preferred distribution channels for baby food products. This is due to their convenience, accessibility, and availability of a wide range of products.
The supermarket category is anticipated to rise at a CAGR of 5.9% during the forecast period. It will likely attain a valuation of USD 82.0 billion by 2034.
Top Segment (Category) | Organic Baby Food |
---|---|
Projected Valuation (2034) | USD 48 billion |
Based on category, organic baby food products are gaining immense traction in the market. This can be attributed to growing health concerns and rising awareness of the potential benefits of organic foods. As per the latest analysis, the organic baby food segment is expected to generate revenue worth USD 48.0 billion by 2034.
Nestle SA, Danone, and The Kraft Heinz Company are the leading manufacturers of baby foods. These companies are constantly innovating to develop new baby food products, including clean-label baby food options with enhanced nutritional profiles, organic ingredients, and sustainable & attractive packaging.
Companies are developing new baby food products such as jelly-based pulp and chewable granules. They also employ partnerships, collaborations, and distribution agreements to boost their revenue.
Recent Developments in the Baby Food Market
The baby food market revenue totaled around USD 79.9 billion in 2023.
The global baby food market value is estimated to total USD 84 billion in 2024.
Global baby food demand is expected to grow at a CAGR of 5.0% through 2034.
The global baby food market size is expected to reach USD 137 billion in 2034.
Currently, the United States dominates the global market with a share of 11.1%.
Ausnutria Dairy Corporation Ltd, Abbott, The Kraft Heinz Company, and Danone S.A.
Development and popularity of organic infant food is a key trend.
Baby food businesses produce and sell food products designed for infants and toddlers.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market Trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Key Regulations and Policies 4. Value Chain Analysis 4.1. Operating margins at each node of the supply chain 4.2. List of Active Market Participants 5. Global - Pricing Analysis 5.1. Price Point Assessment by Region 5.1.1. Manufacturer-Level Pricing 5.1.2. Distributor Level Pricing 5.1.3. Retail Level Pricing 5.2. Price Point Assessment By Product Type 5.3. Price Forecast till 2034 6. Global Market Size (in Value (US$ billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Product Type, 2019 to 2023 7.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Product Type, 2024 to 2034 7.3.1. Milk Formula 7.3.2. Dried Baby Food 7.3.3. Ready to Feed Baby Food 7.3.4. Other Types 7.4. Market Attractiveness Analysis By Product Type 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Category 8.1. Introduction / Key Findings 8.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Category, 2019 to 2023 8.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Category, 2024 to 2034 8.3.1. Organic 8.3.2. Conventional 8.4. Market Attractiveness Analysis By Category 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 9.1. Introduction / Key Findings 9.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Distribution Channel, 2019 to 2023 9.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Distribution Channel, 2024 to 2034 9.3.1. Drugstores/ Pharmacies 9.3.2. Supermarkets/Hypermarkets 9.3.3. Convenience Stores 9.3.4. Online Channels 9.3.5. Other Distribution Channels 9.4. Market Attractiveness Analysis by Distribution Channel 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Introduction 10.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis by Region, 2019 to 2023 10.3. Current Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast by Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East & Africa 10.4. Market Attractiveness Analysis by Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. United States 11.3.1.2. Canada 11.3.2. By Product Type 11.3.3. By Category 11.3.4. By Distribution Channel 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Product Type 11.4.3. By Category 11.4.4. By Distribution Channel 11.5. Key Takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Argentina 12.3.1.4. Rest of Latin America 12.3.2. By Product Type 12.3.3. By Category 12.3.4. By Distribution Channel 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. Flavor 12.4.3. By Category 12.4.4. By Distribution Channel 12.5. Key Takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. United Kingdom 13.3.1.3. France 13.3.1.4. Italy 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Nordic 13.3.1.8. Russia 13.3.1.9. Poland 13.3.1.10. Rest of Europe 13.3.2. By Product Type 13.3.3. By Category 13.3.4. By Distribution Channel 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Product Type 13.4.3. By Category 13.4.4. By Distribution Channel 13.5. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Product Type 14.3.3. By Category 14.3.4. By Distribution Channel 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Product Type 14.4.3. By Category 14.4.4. By Distribution Channel 14.5. Key Takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Thailand 15.3.1.3. Malaysia 15.3.1.4. Indonesia 15.3.1.5. Singapore 15.3.1.6. Vietnam 15.3.1.7. Philippines 15.3.1.8. Rest of South Asia 15.3.2. By Product Type 15.3.3. By Category 15.3.4. By Distribution Channel 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Product Type 15.4.3. By Category 15.4.4. By Distribution Channel 15.5. Key Takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. By Product Type 16.3.3. By Category 16.3.4. By Distribution Channel 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Product Type 16.4.3. By Category 16.4.4. By Distribution Channel 16.5. Key Takeaways 17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkiye 17.3.1.3. Egypt 17.3.1.4. South Africa 17.3.1.5. Rest of Middle East & Africa 17.3.2. By Product Type 17.3.3. By Category 17.3.4. By Distribution Channel 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Product Type 17.4.3. By Category 17.4.4. By Distribution Channel 17.5. Key Takeaways 18. Country-level Market Analysis, 2024 18.1. United States Market Analysis 18.1.1. By Product Type 18.1.2. By Category 18.1.3. By Distribution Channel 18.2. Canada Market Analysis 18.2.1. By Product Type 18.2.2. By Category 18.2.3. By Distribution Channel 18.3. Brazil Market Analysis 18.3.1. By Product Type 18.3.2. By Category 18.3.3. By Distribution Channel 18.4. Mexico Market Analysis 18.4.1. By Product Type 18.4.2. By Category 18.4.3. By Distribution Channel 18.5. Argentina Market Analysis 18.5.1. By Product Type 18.5.2. By Category 18.5.3. By Distribution Channel 18.6. Germany Market Analysis 18.6.1. By Product Type 18.6.2. By Category 18.6.3. By Distribution Channel 18.7. United Kingdom Market Analysis 18.7.1. By Product Type 18.7.2. By Category 18.7.3. By Distribution Channel 18.8. France Market Analysis 18.8.1. By Product Type 18.8.2. By Category 18.8.3. By Distribution Channel 18.9. Italy Market Analysis 18.9.1. By Product Type 18.9.2. By Category 18.9.3. By Distribution Channel 18.10. Spain Market Analysis 18.10.1. By Product Type 18.10.2. By Category 18.10.3. By Distribution Channel 18.11. Belgium Market Analysis 18.11.1. By Product Type 18.11.2. By Category 18.11.3. By Distribution Channel 18.12. Netherlands Market Analysis 18.12.1. By Product Type 18.12.2. By Category 18.12.3. By Distribution Channel 18.13. Nordic Market Analysis 18.13.1. By Product Type 18.13.2. By Category 18.13.3. By Distribution Channel 18.14. Russia Market Analysis 18.14.1. By Product Type 18.14.2. By Category 18.14.3. By Distribution Channel 18.15. Poland Market Analysis 18.15.1. By Product Type 18.15.2. By Category 18.15.3. By Distribution Channel 18.16. China Market Analysis 18.16.1. By Product Type 18.16.2. By Category 18.16.3. By Distribution Channel 18.17. Japan Market Analysis 18.17.1. By Product Type 18.17.2. By Category 18.17.3. By Distribution Channel 18.18. South Korea Market Analysis 18.18.1. By Product Type 18.18.2. By Category 18.18.3. By Distribution Channel 18.19. India Market Analysis 18.19.1. By Product Type 18.19.2. By Category 18.19.3. By Distribution Channel 18.20. Thailand Market Analysis 18.20.1. By Product Type 18.20.2. By Category 18.20.3. By Distribution Channel 18.21. Malaysia Market Analysis 18.21.1. By Product Type 18.21.2. By Category 18.21.3. By Distribution Channel 18.22. Vietnam Market Analysis 18.22.1. By Product Type 18.22.2. By Category 18.22.3. By Distribution Channel 18.23. Philippines Market Analysis 18.23.1. By Product Type 18.23.2. By Category 18.23.3. By Distribution Channel 18.24. Indonesia Market Analysis 18.24.1. By Product Type 18.24.2. By Category 18.24.3. By Distribution Channel 18.25. Singapore Market Analysis 18.25.1. By Product Type 18.25.2. By Category 18.25.3. By Distribution Channel 18.26. Australia Market Analysis 18.26.1. By Product Type 18.26.2. By Category 18.26.3. By Distribution Channel 18.27. New Zealand Market Analysis 18.27.1. By Product Type 18.27.2. By Category 18.27.3. By Distribution Channel 18.28. GCC Countries Market Analysis 18.28.1. By Product Type 18.28.2. By Category 18.28.3. By Distribution Channel 18.29. Turkiye Market Analysis 18.29.1. By Product Type 18.29.2. By Category 18.29.3. By Distribution Channel 18.30. Egypt Market Analysis 18.30.1. By Category 18.30.2. By Distribution Channel 18.31. South Africa Market Analysis 18.31.1. By Product Type 18.31.2. By Category 18.31.3. By Distribution Channel 19. Market Structure Analysis 19.1. Global Competition - a Dashboard View 19.2. Industry Structure Analysis 19.2.1. % tier 1 market players 19.2.2. % tier 2 market players 19.2.3. % tier 3 market players 19.3. Global Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2023 19.3.2. Company Market Share Analysis of Top Players, By Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Ausnutria Dairy Corporation Ltd 20.3.1.1. Product Portfolio 20.3.1.2. Product Claim 20.3.1.3. Revenue by Market Segments 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.1.6. SWOT Analysis 20.3.2. Abbott Laboratories 20.3.3. The Kraft Heinz Company. 20.3.4. Danone S.A. 20.3.5. Kewpie Corporation 20.3.6. Reckitt Benckiser Group plc 20.3.7. Nestlé 20.3.8. HiPP 20.3.9. Yili Group 20.3.10. Royal Friesland Campina NV 20.3.11. Feihe International Inc. 20.3.12. Hero Group 20.3.13. Shijiazhuang Junlebao Dairy Co. Ltd 20.3.14. Bellamy's Organic 20.3.15. Mead Johnson & Company, LLC 20.3.16. Others 20.3.17. Other Players (On Additional Requests) 21. Assumptions and Acronyms Used 22. Research Methodology
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