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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Baby Milk & Infant Formula market in Israel has seen minimal growth due to factors such as low birth rates and increasing breastfeeding rates. However, the market is expected to see a rise in demand due to increasing health consciousness among consumers and the convenience of online purchasing options.
Customer preferences: Consumers in Israel are increasingly turning to organic and natural options in the Baby Milk & Infant Formula Market of the Baby Food Market. This is driven by a growing awareness of the benefits of organic products for infant health and a preference for locally sourced ingredients. Additionally, there is a rising demand for plant-based and allergen-free options, as parents become more conscious of potential food sensitivities and allergies in their infants.
Trends in the market: In Israel, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is experiencing a shift towards organic and natural products. This trend is driven by an increasing demand for healthier and more sustainable options for infant nutrition. In addition, there is a growing preference for locally-produced formula, as consumers become more aware of the benefits of supporting domestic industries. These trends are significant as they indicate a shift towards more conscious and informed consumer behavior, which could potentially impact the market share of multinational companies and drive competition in the industry. Moreover, this trend also presents opportunities for smaller, local companies to enter the market and cater to the growing demand for organic and natural baby formula.
Local special circumstances: In Israel, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by cultural and religious factors. Due to the high percentage of Jewish and Muslim populations, products must adhere to strict kosher and halal guidelines. This has led to the development of specialized formulas and packaging to cater to these dietary restrictions. Additionally, government regulations regarding advertising and labeling of infant formula have also shaped the market dynamics in Israel.
Underlying macroeconomic factors: The growth of the Baby Milk & Infant Formula Market in the Baby Food Market is largely influenced by macroeconomic factors such as consumer spending power, population growth, and government regulations. Countries with high levels of disposable income and a growing population, such as Israel, are experiencing a surge in demand for baby milk and infant formula. Additionally, government policies aimed at promoting breastfeeding and regulating the quality and safety of infant formula also play a significant role in shaping the market. Furthermore, global economic trends, such as the increasing focus on health and wellness, are fueling the demand for organic and all-natural baby milk and formula products. With a strong economy and favorable regulatory environment, Israel is well-positioned for continued growth in the Baby Milk & Infant Formula Market.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights