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 Malta is experiencing minimal growth due to factors such as declining birth rates and increasing awareness of breastfeeding benefits. However, the convenience of online shopping and rising disposable income are driving some growth.
Customer preferences: The trend towards organic and natural products is becoming more prevalent in the Baby Milk & Infant Formula Market of the Baby Food Market in Malta. This is driven by a growing awareness of the potential health benefits of these products and an increasing desire for transparency and sustainability in food production. Additionally, there is a rising demand for plant-based alternatives in the market, reflecting a shift towards healthier and more environmentally friendly options. This trend is likely to continue as consumers become more health-conscious and environmentally aware.
Trends in the market: In Malta, the Baby Milk & Infant Formula Market within the Baby Food Market is experiencing a surge in demand for organic and natural products, driven by the growing awareness of health benefits and concerns over the quality of conventional formula. This trend is expected to continue, as consumers become more health-conscious and seek out options that are free from additives and preservatives. Additionally, there is an increasing preference for plant-based formulas, as more parents opt for vegetarian or vegan diets for their children. These trends have significant implications for industry stakeholders, as they may need to adapt their product offerings and marketing strategies to cater to this shifting demand.
Local special circumstances: In Malta, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by the country's small population and high consumer demand for premium, organic products. Additionally, strict regulations on food safety and labeling contribute to the market's emphasis on quality and transparency. The country's strong cultural ties to Mediterranean cuisine also play a role in shaping consumer preferences, with a focus on locally-sourced and natural ingredients. These unique factors create a market dynamic that sets Malta apart from other countries in the region.
Underlying macroeconomic factors: The Baby Milk & Infant Formula Market in Malta is heavily influenced by macroeconomic factors such as national economic health and government fiscal policies. The country's strong economic growth and stable political environment have contributed to a favorable market outlook, with increasing consumer spending and growing demand for premium baby food products. Additionally, global economic trends, such as the rising middle class and changing consumer preferences for healthier and more convenient options, have also had a significant impact on market performance. Furthermore, investments in healthcare infrastructure and regulatory support for the industry have further propelled the growth of the Baby Milk & Infant Formula Market in Malta.
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