Baby Milk & Infant Formula - Dominican Republic

Revenue in the Baby Milk & Infant Formula market amounts to US$28.01m in 2024. The market is expected to grow annually by 5.45% (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$2.45 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 1.41m kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 4.4% in 2025.0.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 0.1kg 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.

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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 the Dominican Republic is experiencing negligible growth, influenced by factors such as low consumer awareness and limited availability of quality products. Online services have yet to gain significant traction in this market.

Customer preferences: The Dominican Republic has seen a rise in demand for organic and natural baby milk and infant formula. This can be attributed to a growing preference for healthier and more sustainable options among consumers. Additionally, there has been an increase in the popularity of plant-based dairy alternatives, reflecting a shift towards plant-based diets and concerns about animal welfare. This trend is also influenced by the cultural emphasis on natural and traditional remedies for infant health, leading to a preference for locally sourced and homemade infant formulas.

Trends in the market: In Dominican Republic, the Baby Milk & Infant Formula Market of the Baby Food Market has been experiencing a growing demand for organic and natural products. This trend is driven by increasing health and wellness concerns among parents, as well as a preference for more sustainable and environmentally friendly options. As a result, major players in the market are expanding their product offerings to include organic and natural formula options. This trend is expected to continue to grow in the coming years, with potential implications for industry stakeholders such as increased competition and the need for companies to adapt and innovate to meet consumer demands.

Local special circumstances: In the Dominican Republic, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by the country's warm climate and strong cultural preference for breastfeeding. This has led to a lower demand for infant formula compared to other markets. Additionally, strict regulations on the labeling and advertising of baby milk and formula products have created a unique market landscape. These factors play a significant role in shaping the dynamics of the market in the Dominican Republic.

Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is impacted by macroeconomic factors such as economic stability, consumer purchasing power, and government regulations. As the global economy continues to recover from the COVID-19 pandemic, the demand for baby food products is expected to increase. Additionally, government initiatives to promote breastfeeding and regulate the marketing of infant formula can also influence market performance. Furthermore, the rising birth rates and increasing disposable income in the Dominican Republic are driving the demand for high-quality baby milk and infant formula products, contributing to market 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.