How Has the Supplements And Infant Milk Formula For Travel Retail Market Size Evolved in Recent Years?
The supplements and infant milk formula for travel retail market has seen considerable growth due to a variety of factors.
• The supplements and infant milk formula for travel retail market has grown rapidly in recent years. It is expected to rise from $2.77 billion in 2024 to $3.13 billion in 2025, with a CAGR of 12.7%.
This growth is driven by more families traveling with infants, a rising aging population, increased demand for specialty supplements, and growing awareness of health needs.
What are the Market Size and Expected Growth Rates for the Supplements And Infant Milk Formula For Travel Retail Market?
The supplements and infant milk formula for travel retail market is expected to maintain its strong growth trajectory in upcoming years.
• The supplements and infant milk formula for travel retail market is projected to grow to $5.01 billion by 2029, at a CAGR of 12.5%.
The growth is attributed to health and nutrition education, the rising number of working mothers, and growing demand for health and wellness products. Key trends include eco-friendly formulas, convenient packaging, collaborations, and digital integration.
Which Key Drivers Are Propelling The Supplements And Infant Milk Formula For Travel Retail Market's Growth?
The expected boom in the number of infants is set to boost the expansion of infant milk formulas and supplements in the travel retail market. The infant population essentially denotes the group of children aged under one year in a specific region or population. The surge in birth rates coupled with enhanced healthcare has resulted in increased infant survival rates. Infant milk formulas and supplements are designed to provide this population with key nutrients essential for their growth. For example, the Office for Health Improvement & Disparities, a governmental entity from the UK, reported in November 2024 that 83.0% of infants had their first post-birth visit within a fortnight of being born, an uplift of 3.1 percentage points compared to 2022-2023. This means that the growing infant population is propelling the sales of supplements and infant milk formulas in the travel retail market.
What Are The Key Segments Within The Global Supplements And Infant Milk Formula For Travel Retail Market?
The supplements and infant milk formula for travel retail market covered in this report is segmented –
1) By Type: Supplements, Adult, Infant Milk Formula
2) By Product Form: Powder, Liquid, Ready-To-Feed
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, Pharmacies Or Drugstore, Online Retail, Other Distribution Channel
Subsegments:
1) By Supplements: Vitamins And Minerals, Herbal Supplements, Protein & Amino Acids, Probiotics
2) By Adult: General Adult Nutrition, Senior Nutrition, Sports Nutrition
3) By Infant Milk Formula: Standard Infant Formula, Follow-On Formula, Growing-Up Milk, Specialty Infant Formula
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How Are Emerging Trends Reshaping The Dynamics Of The Supplements And Infant Milk Formula For Travel Retail Market?
Prominent firms in the travel retail sector’s supplements and infant milk formula market are innovating dairy and plant mixture baby formulas to meet the changing tastes and environmental concerns of customers. Dairy and plants blend baby formula is an all-encompassing dietary option for infants, merging dairy-sourced elements with plant-based ingredients. For example, Danone S.A., a French food-products corporation, in July 2022, introduced a dairy and plant blend infant formula. The formula blends dairy with plant-based elements to deliver total infant nutrition while also responding to the rising demand from parents for more plant-oriented food choices. The formula, composed of 60% non-GMO soy protein and 40% dairy protein from casein and whey, comprises lactose, omega-3 DHA, and prebiotics. It offers a gentle and nutritionally complete foundation of plant-based flavors for infants. Thanks to the plant-based ingredients and entirely recyclable packaging, the dairy and plants blend leaves a 30% smaller carbon footprint.
Who Are the Key Players In The Supplements And Infant Milk Formula For Travel Retail Market?
Major companies operating in the supplements and infant milk formula for travel retail market are:
• Nestlé S.A.
• Pfizer Inc.
• Bayer AG
• Abbott Laboratories
• Danone S.A.
• Reckitt Benckiser Group plc
• Amway Corporation
• Glanbia plc
• Herbalife Nutrition Ltd.
• Nature's Bounty Co.
• GNC Holdings Inc.
• Blackmores Limited
• Swisse Wellness Group Pty Ltd
• Vitabiotics Ltd.
• Hero Nutritionals LLC
• Weider Global Nutrition
• Elevit
• Similac
• Nutricia
• Pediasure
What Are The Regional Insights Into The Supplements And Infant Milk Formula For Travel Retail Market?
Europe was the largest region in the supplements and infant milk formula for travel retail market in 2024. The regions covered in the supplements and infant milk formula for travel retail market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
