Dublin, June 25, 2024 (GLOBE NEWSWIRE) — The “US Baby Food and Infant Formula Market Report: By Type, Distribution Channel, Region and Company Analysis 2024-2032” report has been added to ResearchAndMarkets.com.
The U.S. baby food and infant formula market is expected to reach USD 13.95 billion by 2032 from USD 8.84 billion in 2023, growing at a CAGR of 5.20% from 2023 to 2032.
Abbott Laboratories, Kraft Heinz Company, Hero Group, Hein Celestial Group, Nestle, Lactalis (Stonyfield Farm), Reckitt Benckiser Group, and Danone are the major players in the US baby food and infant formula market and are adopting various strategies to expand market share, improve profitability, and remain competitive.
Parental expertise regarding the nutritional content of infant foods plays a key role in the American baby food and infant formula industry. The market benefits from the introduction of organic infant nutrition products that are free of artificial fertilizers, pesticides, hormones, antibiotics and other chemicals.
Influenced by busy schedules and rising consumer spending, the demand for RTD baby food products is on the rise, contributing significantly to the booming market. The expansion of online retail channels, brand promotions, and social media advertising has significantly expanded the baby food and infant formula business in the US.
In the US baby food and infant formula industry, new product introductions are essential to demand generation. Successful new product launches increase consumer numbers and expand the market. These upgrades increase a company's revenues and customer base and encourage innovation. New product launches enable a company to increase market share and gain a competitive advantage over competitors, highlighting the growth potential of this dynamic market.
The U.S. baby food and infant formula industry is seeing a surge in sustainable practices and green packaging as parents increasingly value environmental values. Companies are responding to this trend by implementing sustainable production, packaging, and distribution methods. There is growing demand for recyclable and biodegradable packaging alternatives, such as stand-up zipper pouches made from recyclable materials. This change coincides with growing environmental concerns and reflects parents' preferences for the best products for their children and the planet.
Key attributes:
Report AttributesDetailsNumber of Pages100Forecast Period2023 – 2032Estimated Market Value in 2023 (USD)$8.84 billionForecasted Market Value through 2032 (USD)$13.95 billionCAGR5.2%Target RegionUnited States
Company analysis: overview, recent developments and strategies, product portfolio and product launches over the past year, revenue
Abbott LaboratoriesKraft Heinz CompanyHero GroupHein Celestial GroupNestleLactalis (Stonyfield Farm)Reckitt Benckiser GroupPCDanone
Type – the market is divided into four perspectives
Milk formula, powdered milk, baby food, other baby food
Distribution Channels – The market is divided into four perspectives
Supermarkets & HypermarketsPharmaciesConvenience StoresOthers
Region – The market is divided into four perspectives
Northeast Midwest Southwest
For more information on this report, please visit: https://www.researchandmarkets.com/r/oxk24u
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U.S. Baby Food and Infant Formula Market
