Baby Milk & Infant Formula - Estonia

Estonia

Revenue in the Baby Milk & Infant Formula market amounts to €4.19m in 2024. The market is expected to grow annually by 7.80% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€15,470m in 2024).
In relation to total population figures, per person revenues of €3.08 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 179.60k kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 1.7% in 2025.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 0.1kg in 2024.

Key regions: South Korea, India, United Kingdom, United States, Japan

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Analyst Opinion

The Baby Milk & Infant Formula Market in Estonia has shown minimal growth due to factors such as declining birth rates and rising consumer preference for breastfeeding. The convenience of online shopping and increasing health awareness have also impacted the market's growth rate.

Customer preferences: The Baby Milk & Infant Formula Market in Estonia is experiencing a shift towards organic and natural options, as consumers become more health-conscious and seek out products with minimal processing. Additionally, there is a growing demand for products that cater to specific dietary needs, such as lactose-free or gluten-free options. This trend is fueled by the increasing awareness of food allergies and intolerances, as well as the desire for a healthier and more sustainable lifestyle.

Trends in the market: In Estonia, 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 consumer awareness of the potential health benefits of these products for infants. Additionally, there is a growing preference for products with specific ingredients, such as probiotics and prebiotics. This trend is expected to continue in the future, as parents become more conscious of the ingredients in their baby's food. Industry stakeholders should focus on developing and promoting these types of products to meet the evolving demands of consumers.

Local special circumstances: In Estonia, the Baby Milk & Infant Formula Market within The Food market is heavily influenced by the country's small population and high levels of disposable income. This results in a higher demand for premium and organic products, as well as a preference for locally sourced ingredients. Additionally, the country's strict regulations on food labeling and safety contribute to the market's focus on high-quality and safe products. The cold climate also leads to a higher demand for fortified products, such as those containing vitamin D.

Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, countries with strong economic growth and stable fiscal policies tend to see higher demand for baby milk and infant formula products due to higher consumer spending power. On the other hand, countries facing economic challenges may experience slower market growth as consumers reduce their spending on non-essential items. Additionally, government regulations and policies related to the production, distribution, and marketing of baby milk and infant formula can also impact market performance.

Methodology

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.