Baby Milk & Infant Formula - Russia

Russia

Revenue in the Baby Milk & Infant Formula market amounts to €2.33bn in 2024. The market is expected to grow annually by 6.68% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€15,630m in 2024).
In relation to total population figures, per person revenues of €16.18 are generated in 2024.
In the Baby Milk & Infant Formula market, volume is expected to amount to 181.10m kg by 2029. The Baby Milk & Infant Formula market is expected to show a volume growth of 5.2% in 2025.
The average volume per person in the Baby Milk & Infant Formula market is expected to amount to 1.0kg in 2024.

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

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Comparación de regiones

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Analyst Opinion

The Baby Milk & Infant Formula market in Russia is experiencing minimal growth, due to factors like declining birth rates and increasing popularity of breastfeeding. This has impacted the market's growth rate, despite the convenience and health benefits offered by these products.

Customer preferences: The Russian market for baby milk and infant formula is experiencing a growing demand for organic and natural products. This trend is driven by a rising awareness of the health benefits of these products, as well as a desire for more sustainable and environmentally-friendly options. As a result, companies are increasingly focused on developing and marketing organic and natural baby food products, catering to the changing preferences of consumers in the country.

Trends in the market: In Russia, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is experiencing a shift towards organic and natural products. This trend is driven by increasing consumer awareness and demand for healthier options for their babies. Additionally, there is a growing emphasis on locally sourced ingredients and sustainable production methods. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for transparency in labeling and sourcing.

Local special circumstances: In Russia, the Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is heavily influenced by the country's strict regulations on food imports and the growing trend towards organic and natural products. As a result, international brands face barriers to entry and domestic producers focus on locally sourced ingredients and traditional recipes. Additionally, the market is influenced by cultural norms, with a preference for breastfeeding and a distrust of formula feeding, leading to a smaller market size compared to other countries.

Underlying macroeconomic factors: The Baby Milk & Infant Formula Market of the Baby Food Market within The Food market is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with stable economic conditions and consumer spending power are expected to have a higher demand for baby milk and infant formula products. Additionally, government policies and regulations that support the nutritional needs of infants and young children can also impact market performance. Furthermore, the growing population and increasing disposable income in emerging economies are fueling the growth of the baby food market, including the demand for baby milk and infant formula products.

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.