Baby Milk & Infant Formula - Chile

Revenue in the Baby Milk & Infant Formula market amounts to US$100.70m in 2024. The market is expected to grow annually by 3.74% (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$5.12 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 5.85m kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 0.3kg 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 Chile is experiencing minimal growth, impacted by factors such as declining birth rates and increasing popularity of breastfeeding. This trend is expected to continue as consumers prioritize natural and organic options.

Customer preferences: As Chilean parents become more health-conscious, they are increasingly seeking baby milk and infant formula products that are organic, free from additives, and contain essential nutrients. This trend is driven by a growing awareness of the importance of early nutrition in a child's development. Additionally, with more women joining the workforce, there is a rising demand for convenient and easy-to-prepare infant formula options. Furthermore, the increasing urbanization and modernization of Chilean society have also led to a shift towards more Westernized dietary habits, including the use of infant formula as a substitute for breast milk.

Trends in the market: In Chile, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is seeing a shift towards organic and natural formulas, as parents become more health-conscious and seek out products with fewer additives and artificial ingredients. This trend is expected to continue, with a growing demand for organic and natural options. This has significant implications for industry stakeholders, as they may need to adapt their product offerings to meet this demand and stay competitive. Additionally, there is a trend towards more sustainable packaging and production methods, which may also impact industry players in terms of cost and operations.

Local special circumstances: In Chile, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by the country's strict regulations on advertising and marketing of infant formula. This has led to a strong emphasis on direct-to-consumer sales and educational campaigns targeting new mothers. Additionally, Chile's unique geographical landscape and limited access to rural areas also play a role in shaping the market, with a focus on convenient and easily transportable products.

Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is greatly impacted by macroeconomic factors in Chile. The country's economic health and fiscal policies play a crucial role in determining the growth of this market. Additionally, global economic trends also have a significant influence on the demand for baby milk and infant formula in Chile. A stable and growing economy, along with favorable regulatory environments and government support, can stimulate market growth by increasing consumer spending power and creating a conducive business environment for manufacturers. On the other hand, economic instability and unfavorable policies can hinder market growth by limiting consumer purchasing power and creating barriers for businesses. Furthermore, factors such as population growth, urbanization, and changing lifestyles also impact the demand for baby milk and infant formula in Chile.

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.