Baby Milk & Infant Formula - Azerbaijan

Revenue in the Baby Milk & Infant Formula market amounts to US$31.03m in 2024. The market is expected to grow annually by 4.89% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$17bn in 2024).
In relation to total population figures, per person revenues of US$2.97 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 2.31m kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 3.9% in 2025.0.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 0.2kg in 2024.

Definition:

Baby milk and infant formula are types of milk made specifically for infants and young children who are not yet able to consume solid food or who cannot be breastfed. They are also intended for children aged between 1 and 3 who do not get enough nutrients from their regular diet.

Baby milk is typically made from cow’s milk that has been modified to make it more easily digestible for babies. It may also contain added nutrients, such as vitamins and minerals, to ensure that infants or young children receive all the nutrients they need for healthy growth and development. Infant formula is specially designed to mimic the nutrient content of breast milk as closely as possible. Baby milk and infant formula may come in different forms, such as in powdered form, as a liquid concentrate, or in a ready-to-feed form.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

For more information on the displayed data, use the info button right next to the boxes.

Infant formula, such as Nestlé NAN PRO 1 Infant Formula, Aptamil Gold Infant Formula Milk Powder for Babies, Similac Advance Infant Formula, and Nestlé LACTOGEN 1 Infant Formula Powder
Baby milk, such as Milupa Milupino for 1–3-year-old toddlers and Aptamil Pronutra 1+

Milk and milk products intended for adult consumption, such as Danone’s dairy drinks
Milk substitutes (soy-based) for babies and infants
Out-of-home consumption

The Baby Milk & Infant Formula Market in Azerbaijan is experiencing minimal growth due to various factors such as low birth rates and cultural preferences for homemade baby food. Despite this, convenience and nutritional benefits of these products are driving some growth.

Customer preferences: Consumers in Azerbaijan are becoming more health-conscious, leading to a growing demand for organic and natural ingredients in baby milk and infant formula products. This trend is also driven by the rise in awareness about the potential health benefits of using such products, as well as concerns over the safety and quality of conventional baby food. Furthermore, the increasing number of working mothers in the country has created a need for convenient and on-the-go baby food options, leading to a surge in demand for ready-to-feed and single-serve formula products.

Trends in the market: In Azerbaijan, the Baby Milk & Infant Formula Market within The Food market industry is seeing a trend towards healthier and more natural products. This is driven by an increased focus on nutrition and health, as well as rising concerns about the safety of traditional formula products. Additionally, there is a growing demand for organic and locally sourced products, reflecting a shift towards more sustainable and ethical consumption patterns. These trends are expected to continue, with potential implications for industry stakeholders such as manufacturers, retailers, and regulatory bodies.

Local special circumstances: In Azerbaijan, the Baby Milk & Infant Formula Market is heavily influenced by the country's economic and political stability, as well as its cultural traditions. Due to the high value placed on family and child-rearing, there is a strong demand for high-quality and affordable baby food products. Additionally, strict regulations on food safety and quality control ensure that only trusted brands are able to enter the market. These factors contribute to a competitive environment, where companies must adapt their products to meet the unique needs and preferences of Azerbaijani consumers.

Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is influenced by various macroeconomic factors, such as global economic trends, national economic health, and fiscal policies. In countries with stable economic conditions and favorable regulatory environments, the market is expected to experience rapid growth. Moreover, investments in healthcare infrastructure and rising awareness about the benefits of infant formula are also driving market growth. However, regions with regulatory challenges and limited healthcare funding are likely to face slower market growth. Additionally, the increasing birth rate and rising middle-class population in developing countries are also contributing to the growth of the baby food market, including the demand for baby milk and infant formula.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.