Baby Milk & Infant Formula - CIS | Statista Market Forecast

Revenue in the Baby Milk & Infant Formula market amounts to US$3.04bn in 2024. The market is expected to grow annually by 6.34% (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$12.52 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 232.90m kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 5.0% in 2025.0.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 0.8kg 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 CIS is experiencing minimal growth due to various factors such as declining birth rates, stricter regulations, and increased competition. Despite this slow growth, the market is expected to see a steady rise in demand as consumers become more health-conscious and seek reliable and convenient options for their infants' nutrition needs.

Customer preferences: As consumers become more conscious of the importance of nutrition for their babies, there has been a rise in demand for organic and natural baby milk and infant formula products. This trend is driven by a growing preference for clean and healthy options, as well as a desire for transparency and trust in the ingredients used. Additionally, with an increasing focus on sustainability and ethical sourcing, consumers are also gravitating towards environmentally-friendly and socially responsible brands.

Trends in the market: In the CIS region, the Baby Milk & Infant Formula Market of the Baby Food Market is experiencing a shift towards organic and clean-label products. This trend is driven by growing consumer awareness of the importance of nutrition and health in early childhood development. As a result, manufacturers are investing in innovative production methods and sourcing of ingredients to meet the demands of this trend. This shift towards healthier options is expected to continue, with implications for industry stakeholders such as increased competition and the need for stricter regulations and labeling standards.

Local special circumstances: In the CIS region, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is influenced by a strong cultural preference for homemade baby food. This has led to a slower adoption of packaged baby food products in comparison to other markets. Additionally, strict government regulations and a lack of trust in foreign brands have resulted in a smaller market share for international players. However, with increasing urbanization and a growing middle class, there is a growing trend towards convenience and safety, creating opportunities for domestic and international players alike.

Underlying macroeconomic factors: The growth of the Baby Milk & Infant Formula Market within the Baby Food Market is largely influenced by macroeconomic factors such as population growth, income levels, and consumer spending patterns. Countries with a growing population and rising incomes, especially in emerging markets, are driving demand for baby milk and infant formula products. Furthermore, favorable government policies and investments in healthcare and nutrition are also contributing to market growth. On the other hand, economic downturns and weak consumer confidence can negatively impact the market, leading to decreased sales and slower growth.

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.