Baby Milk & Infant Formula - Puerto Rico

Revenue in the Baby Milk & Infant Formula market amounts to US$61.75m in 2024. The market is expected to grow annually by 2.86% (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$18.89 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 2.93m kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 0.6% in 2025.0.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 0.8kg 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 Puerto Rico is slowly growing, impacted by factors such as low birth rates and government regulations. Despite this, the convenience of online shopping and increasing health awareness among parents are driving some growth in the market.

Customer preferences: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is witnessing a growing demand for organic and natural products, driven by a shift towards healthier and more sustainable options. This trend is particularly prevalent among millennial parents, who are increasingly conscious about the ingredients and sourcing of their baby's food. The demand for plant-based alternatives to traditional dairy-based formulas is also on the rise, as more consumers opt for a vegan or vegetarian lifestyle.

Trends in the market: In Puerto Rico, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is seeing a rise in demand for organic and natural products. This trend is driven by a growing awareness of the health benefits of organic and natural ingredients for infants, as well as concerns over the use of additives and preservatives in traditional formulas. This shift towards healthier options is expected to continue as parents become more informed and seek out products that align with their values. Industry stakeholders should take note of this trend and consider incorporating more organic and natural options into their product offerings to stay competitive in the market. Additionally, manufacturers may need to adjust their production processes to meet the demand for these types of products.

Local special circumstances: In Puerto Rico, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by the country's unique geographical factors. Being an island, Puerto Rico has limited access to fresh produce and relies heavily on imported goods. This has led to a high demand for packaged and processed food products, including baby formula. Additionally, cultural preferences for formula feeding and strict regulations on breast milk substitutes also shape the market dynamics in Puerto Rico.

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 the global economic climate, national economic stability, fiscal policies, and financial indicators. Countries with strong economic growth, stable fiscal policies, and high consumer spending power have a higher demand for baby milk and infant formulas. On the other hand, regions with economic challenges and lower consumer spending are likely to have slower market growth. Moreover, the rising birth rate and increasing awareness about the benefits of breast milk substitutes are also contributing to the growth of the 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.