Global Organic Infant Formula Market

Global Organic Infant Formula Market Size, Share, Growth Analysis, By Source(Plants (Soy and others), Protein hydrolysates), By Distribution channel(Offline and online) - Industry Forecast 2024-2031

Report ID: SQMIG30I2284 | Region: Global | Published Date: March, 2024
Pages: 198 | Tables: 64 | Figures: 75

Global Organic Infant Formula Market News

  • The newborn nutrition firm ByHeart announced the release of their infant formula in August 2023. According to the manufacturer, their infant formula is the closest thing to breastmilk available. 

     

  • Groupe Danone, a French firm, entered the US market in March 2023 with its hypoallergenic Pepticate baby formula. For babies who have allergies, a hypoallergenic formula has been particularly created.

     

  • In September 2022, Nestle discovered a new element called myelin, a nutrient combination present in breast milk. The company first introduced Nutrilearn Connect, an infant formula with this unique ingredient, in Hong Kong before bringing it to other regions.

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Global Organic Infant Formula Market size was valued at USD 68.27 Billion in 2022 and is poised to grow from USD 74.99 Billion in 2023 to USD 158.88 Billion by 2031, at a CAGR of 9.84% during the forecast period (2024-2031).

The global organic infant formula market is characterized by intense competition, with players striving to gain a competitive edge. Key factors driving competition include product innovation, quality, pricing, distribution networks, and marketing strategies. Partnerships, acquisitions, and collaborations are common strategies employed to expand product portfolios and geographic reach. The competitive landscape is dynamic, influenced by evolving consumer preferences, regulatory developments, and market trends. Companies must continuously adapt their strategies to maintain competitiveness and meet the growing demand for organic infant formula. 'Nestlé (Switzerland)', 'HiPP GmbH & Co. Vertrieb KG (Germany)', 'Danone (France)', 'Abbott Laboratories (US)', 'Mead Johnson Nutrition (US)', 'Holle Baby Food AG (Switzerland)', 'Bellamy's Organic (Australia)', 'Bubs Australia Limited (Australia)', 'Earth's Best Organic (US)', 'Babybio (France)', 'Plum Organics (US)', 'Happy Family Organics (US)', 'Parent's Choice (US)', 'Lebenswert Bio (Germany)', 'Kabrita (Netherlands)', 'Biostime International Holdings Limited (China)', 'Nature's One (US)', 'Prolacta Bioscience (US)', 'The Honest Company (US)', 'Bobbie (US)'

The prevalence of health complications such as breast cancer and diabetes has been on the rise, leading to a significant decline in breastfeeding rates in recent years. According to a report from the World Health Organization, approximately 2.3 million women worldwide were diagnosed with breast cancer in 2020, and 685,000 lost their lives to the disease. In the US, breast cancer accounts for 1 in 3 female cancer cases, making it the most common form of cancer globally, representing approximately 12% of all cancer cases each year. This decline in breastfeeding rates is subsequently fueling the demand for organic infant formula.

Increasing Consumer Awareness: There is a growing awareness among consumers about the benefits of organic infant formula, including its natural and chemical-free composition. This awareness is driving the demand for organic options as parents seek healthier alternatives for their infants.

North America held the largest share, accounting for 36% of the overall market. The growth in this region can be attributed to various factors, such as negative attitudes toward breastfeeding, a high level of women's participation in household responsibilities, which leaves them with limited time for breastfeeding, inadequate workplace setups or supportive environments for breastfeeding, high disposable incomes, and a lack of awareness regarding the benefits of breastfeeding.

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