The U.S. baby infant formula market was valued at $3,889.0 million in 2020, and is projected to reach $6,784.7 million by 2030, registering a CAGR of 8.6% from 2021 to 2030. In 2020, the carbohydrate segment accounted for 56.4% of the market share. Baby infant formula serves as an ideal alternative suitable for infant consumption, which mimics the nutritional composition of breast milk as closely as possible. Although physicians recommend breast milk for optimal infant nutrition, it may not always be possible, suitable, or solely adequate. Baby infant formula consists of various nutrients such as vitamins, proteins, carbohydrates, fat, linoleic acid, and prebiotics that help in the overall development of the infants.
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Baby infant formula is an essential item and during the lockdowns the demand witnessed an upsurge in the U.S. owing to the panic buying for at-home consumption during the initial phase of the pandemic. The development of online platforms such as telemedicine and e-commerce greatly contributed to the revenue generation in the U.S. baby infant formula market during the lockdown period.
Top Key Companies Included:
The players operating in the U.S. baby infant formula market have adopted various developmental strategies to expand their market share, exploit the U.S. baby infant formula market opportunity, and increase profitability in the market. The key players profiled in this report include Abbott Laboratories, Arla Foods, Bobbie, Campbell Soups Company, Dana Dairy Group, Ltd., Danone S.A., D-Signstore, Else Nutrition Holdings, Inc., Hipp GmbH & Co. Vertrieb KG, Holle Baby Food AG, Kabrita USA, Nature’s One, LLC., Nestle S.A., Reckitt Benckiser Group Plc., and The Hain Celestial Group, Inc.
Key Benefits For Stakeholders
- The report provides a quantitative analysis of the current U.S. baby infant formula market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size and segmentation assists to determine the prevailing U.S. baby infant formula opportunities.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the U.S. baby infant formula industry.
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