The global Baby Foods and Infant Formula market size is projected to reach USD 42.97 billion by 2029

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.

According to the new market research report “Global Baby Foods and Infant Formula Market Report 2023-2029”, published by GlobalInfoResearch, the global Baby Foods and Infant Formula market size is projected to reach USD 42.97 billion by 2029, at a CAGR of 2.2% during the forecast period.

• Global Baby Foods and Infant Formula MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Baby Foods and Infant Formula Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

• Global Baby Foods and Infant Formula Top13Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Baby Foods and Infant Formula Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”.

The global key manufacturers of Baby Foods and Infant Formula include Danone, Abbott, Nestle, China Feihe, Mead Johnson, Yili Group, Morinaga Milk, FrieslandCampina, HiPP, Hero Group, etc. In 2021, the global top five players had a share approximately 53.0% in terms of revenue.

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