PUBLISHER: GlobalData | PRODUCT CODE: 1388253
PUBLISHER: GlobalData | PRODUCT CODE: 1388253
"United States (US) Baby Food Market Size and Share by Categories, Distribution and Forecast to 2028" is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the US market.
The number of live births in the US declined by 5.9% during 2016-22, reaching 3.7 million in 2022. This resulted in a baby population of 11 million in 2022. Similarly, both the crude birth rate and total fertility rates, have decreased. GDP of the US grew by 2.1% in 2022, while consumer price inflation stood at 8%. Overall growth in value terms has increased in recent years with the sector registering a CAGR of 3.6% during 2016-22. However, in volume terms, the sector contracted during 2016-22, at a negative CAGR of 0.7%. The volumes were significantly affected by Abbott Laboratories formula milk recall and the closure of its manufacturing facility in Sturgis. Baby milks remained by far the largest category in value terms with over 66.1% of the baby food sector, followed by wet meals & other. Nestle, Mead Johnson (Reckitt Benckiser), and Abbott Laboratories were the top three companies in 2022. Hypermarkets & supermarkets was the leading distribution channel in the sector in 2022, accounting for over 65% of overall value sales. GlobalData estimates that the number of live births will increase over the forecast period in the US. Similarly, the market for baby food in the country is expected to increase in volume terms during 2022-28, at a CAGR of 2.4%.
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