The North American infant food market size in volume has shown a series of fluctuations over the past decade. It peaked at 24.0 thousand metric tons in 2014, but by 2023, it stood at 19.0 thousand metric tons. Key year-on-year variations include a decline of 16.67% in 2015, a growth of 10% in 2016, a 9.09% decrease in 2018, a 2% increase in 2021, and a 6.86% decline in 2022. The 2023 volume remained the same as the previous year. The last 5-year CAGR from 2023 was -1.02%, indicating a gradual decline.
Future trends to watch for:
- Health and wellness trends driving demand for organic and natural infant foods.
- Technological advancements leading to innovative product formulations.
- Impact of declining birth rates on market volume.
- Regulatory changes affecting product formulations and labeling.
