Market Introduction
Baby infant formula is the food designed and marketed for feeding babies and infants, typically 0–36 months of age. It comes in varieties such as standard infant milk or starting milk formula, follow-on milk, growing-up milk or toddlers’ milk, and specialty baby milk. It contains vitamins, minerals, and iron that are necessary for the overall development of the baby. Physicians or child nutritionists recommend these infant formulae as an alternative to breast milk. These processed baby food products act as a healthy and nutritious food and are very convenient to use. Thus, the working parents, especially mothers, who are resuming their jobs shortly after delivery prefer these baby infant milk formula for their babies. Apart from this, change in lifestyle, rise in middle-class population, and increase in disposable income and purchasing power of people in economies, such as Germany, the UK, and France, are expected to propel the growth of the baby infant formula market during the forecast period.
Market Overview and Dynamics
The Europe baby infant formula market is expected to reach US$ 10,299.47 million by 2027 from US$ 7,766.00 million in 2019. The market is anticipated to grow at a CAGR of 3.9% from 2020 to 2027. Growing focus on infant care & nutrition and increase in number of working mothers drive the market growth. However, stringent regulations related to infant food limit the growth of the market in Europe.
Key Market Segments
Based on product type, the follow-on milk formula segment accounted for the largest share of the Europe baby infant formula market in 2019. In terms of product category, the non-organic segment is expected to hold the largest share of the market by 2027. Based on distribution channel, the hypermarkets and supermarkets segment held the significant share of the Europe baby infant formula market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe baby infant formula market include Royal FrieslandCampina N.V, Abbott, Dana Dairy Group Ltd, Danone SA, HiPP GmbH & Co. Reckitt Benckiser (Mead Johnson & Company LLC), Nestle S.A., Ausnutria B.V., and Cremilk GmbH.
Impact of COVID-19 Pandemic on Baby Infant Formula Market
The COVID-19 outbreak began in Wuhan, China, in December 2019, and since then, it spread across the world at a rapid pace, affecting economies and industries in many countries due to lockdowns, travel bans, and business shutdowns. In Europe, food & beverages is one of the major industries suffering serious consequences of this pandemic owing to the factors such as disruptions in the supply chain, and office shutdowns. The overall market breakdown due to the COVID-19 crisis is affecting the growth of the baby infant formula market in this region.
Reasons to Buy Report
Europe Baby Infant Formula Market Segmentation
By Product Type
By Product Category
By Distribution Channel
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 7,766.00 Million |
| Market Size by 2027 | US$ 10,299.47 Million |
| CAGR (2020 - 2027) | 3.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Baby Infant Formula Market is valued at US$ 7,766.00 Million in 2019, it is projected to reach US$ 10,299.47 Million by 2027.
As per our report Europe Baby Infant Formula Market, the market size is valued at US$ 7,766.00 Million in 2019, projecting it to reach US$ 10,299.47 Million by 2027. This translates to a CAGR of approximately 3.9% during the forecast period.
The Europe Baby Infant Formula Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Baby Infant Formula Market report:
The Europe Baby Infant Formula Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Baby Infant Formula Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Baby Infant Formula Market value chain can benefit from the information contained in a comprehensive market report.
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