The infant food market in Australia remained stable in 2023 with a volume of 10,000 Metric Tons, consistent from 2019 to 2023. The market saw fluctuations earlier, peaking at 13,000 Metric Tons in 2015 and 2016 but subsequently declining. Over the last two years, there was no year-on-year variation, maintaining a neutral growth trend. The five-year CAGR from 2023 to 2028 is forecasted to be -2.09%, reflecting a gradual decline, irrespective of a stable period from 2019 through to 2023.
Future trends to watch:
- Shifts in birth rates and demographics, impacting demand.
- Developments in infant food innovations and health trends.
- Potential market entry of new products or brands.
