Exploring Key Insights of the Supplements And Infant Milk Formula For Travel Retail Market: Growth Prospects, Emerging Trends, and Opportunities
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How Rapidly is the Supplements And Infant Milk Formula For Travel Retail Market Expected to Expand Between 2025 and 2034 Based on Current Trends?
The market for travel retail supplements and infant milk formula has seen rapid expansion in the past few years. It’s projected to increase from a size of $2.77 billion in 2024 to $3.13 billion in 2025, providing a compound annual growth rate (CAGR) of 12.7%. The historical growth can be credited to a rise in families traveling with babies, a rise in the elderly population, heightened demand for specialized supplements, along with growing awareness.
Rapid expansion is projected for the travel retail market size of supplements and infant milk formula in the coming years. It’s estimated to reach $5.01 billion in 2029, boasting a compound annual growth rate (CAGR) of 12.5%. This surge during the forecasted period could be due to enhanced educational efforts around health and nutrition, growing number of employed mothers, and a heightened demand for health and wellness merchandise. Key trends in the projected period involve a heightened emphasis on sustainable and eco-friendly formulas, user-friendly packaging, strategic collaborations and partnerships, and incorporation of digital technology.
How Are the key drivers Contributing to the Expansion of the Supplements And Infant Milk Formula For Travel Retail Market?
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.
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Which Key Players Are Shaping the Future of 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._x000D_
• Pfizer Inc._x000D_
• Bayer AG_x000D_
• Abbott Laboratories_x000D_
• Danone S.A._x000D_
How Are the Latest Trends Influencing the Growth 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.
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How Are the Key Segments of the Supplements And Infant Milk Formula For Travel Retail Market Driving Opportunities and Innovations?
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
What Regions Are At the Forefront of Supplements And Infant Milk Formula For Travel Retail Market Expansion?
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.
What Are the Core Features That Define the Supplements And Infant Milk Formula For Travel Retail Market?
Supplements and infant milk formula for travel retail refers to dietary supplements and baby formula products that are specifically marketed and sold in travel-oriented retail environments such as airports, duty-free shops, and in-flight stores. These products cater to travelers’ needs for convenience and accessibility while on the go, ensuring that they can maintain their nutritional regimen and provide proper nutrition for infants even while traveling.
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