Key regions: South Korea, India, United Kingdom, United States, Japan
The Baby Milk & Infant Formula market in New Zealand has seen minimal growth due to factors such as declining birth rates and increasing awareness of breastfeeding benefits. Online sales and convenience are driving factors for market growth.
Customer preferences: As the demand for organic and natural products continues to rise, consumers in New Zealand are increasingly opting for organic and grass-fed milk-based infant formulas. This trend is driven by the country's strong focus on sustainable and ethical practices, as well as the growing preference for clean label and transparent ingredients. Additionally, there is a growing awareness among parents of the potential health benefits of organic and grass-fed products for their babies.
Trends in the market: In New Zealand's Baby Milk & Infant Formula Market, there is a growing trend of organic and natural products, with consumers becoming more health-conscious and seeking out clean-label options for their infants. This trend is expected to continue, with a focus on sustainability and transparency in sourcing ingredients. Additionally, there is a rise in demand for hypoallergenic and specialized formula options, indicating a shift towards personalized nutrition for babies. These trends present opportunities for industry stakeholders to differentiate their products and meet the changing needs of consumers.
Local special circumstances: In New Zealand, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by the country's strict regulations on marketing and labeling of infant formula products. This has led to a highly competitive market, with companies focusing on product differentiation through organic and clean label options. The country's strong dairy industry and consumer preference for natural and locally-sourced products also play a significant role in shaping the market. Additionally, the rise of e-commerce and online shopping platforms has made it easier for parents to access a wide range of baby food options, further driving market growth.
Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market in New Zealand is influenced by macroeconomic factors such as national economic health, consumer spending patterns, and government policies. The country's stable economic growth, rising disposable income, and high demand for premium products contribute to the growth of the market. Additionally, New Zealand's strict regulations on food safety and labeling ensure that the market offers high-quality and safe products for infants. Furthermore, the increasing awareness about the importance of proper nutrition for babies and the rising number of working mothers in the country are driving the demand for convenient and nutritious baby milk and infant formula products. These factors, along with the country's strong dairy industry, create a favorable environment for the growth of the market in New Zealand.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
