Baby Milk & Infant Formula - Haiti

Revenue in the Baby Milk & Infant Formula market amounts to US$18.02m in 2024. The market is expected to grow annually by 4.81% (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$1.52 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 863.30k kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 2.6% 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 Haiti is seeing slow growth due to factors such as low birth rates and limited access to nutritional information. Despite this, increasing demand for convenience and health-consciousness among parents is driving some growth in the market.

Customer preferences: As more parents become health-conscious and environmentally aware, there is a growing preference for organic and plant-based baby milk and infant formula options in Haiti. Additionally, with increased access to information through social media and online platforms, there is a growing trend towards homemade and DIY baby food, with parents opting for fresh and locally-sourced ingredients. This shift towards natural and sustainable products is also driven by concerns over the potential health risks and environmental impact of traditional baby formula production and packaging methods.

Trends in the market: In Haiti, there is a growing demand for organic and natural baby food products, as parents become more health-conscious and seek healthier options for their infants. This trend is expected to continue, with an increasing number of companies entering the market and offering a wider range of options. This shift towards organic and natural products is significant, as it reflects a change in consumer preferences and highlights the potential for growth in this segment. Industry stakeholders, such as manufacturers and retailers, must adapt to these changing trends to remain competitive and meet consumer demands. Additionally, this trend could have positive implications for the health and well-being of infants in Haiti, as they will have access to healthier and more nutritious food options.

Local special circumstances: In Haiti, the Baby Milk & Infant Formula Market of the Baby Food Market is heavily influenced by the country's low literacy rates and limited access to healthcare. This has led to a reliance on traditional methods of infant feeding, rather than the use of commercially produced formula. Furthermore, strict regulations on formula marketing and distribution have created challenges for foreign companies looking to enter the market. These factors create a unique landscape for the Baby Milk & Infant Formula Market, with a heavy emphasis on locally sourced and produced alternatives.

Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is significantly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Countries with stable economies, favorable fiscal policies, and positive national economic health are experiencing higher market growth compared to countries facing economic challenges. Additionally, the rising demand for baby formula products in developing countries due to increasing disposable incomes and changing lifestyles is driving market growth. Moreover, the increasing awareness of the importance of proper infant nutrition and the growing prevalence of working mothers are also fueling 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.