Infant Formula Market

Global infant formula market is growing at a substantial rate, owing to the rising working women population across the globe. In addition to this, growing demand for infant formula due to busy lifestyle and high birth rate across emerging economies is expected to foster the market growth of infant formula market during the forecast period. Infant formula is available in various product types such as starting milk formula, follow-on milk formula, toddler’s milk formula, and special milk formula.

Market Dynamics

Global infant formula market has witnessed significant growth in recent five years, owing to the changing consumer lifestyles which have led to a shift in food preferences. For instance, growing demand for processed and convenience foods is expected to fuel growth of the global infant formula market during the forecast period.

Rising demand for organic infant formula have increased the manufacturing among leading players, facilitating the increasing demand across the country. Rise in number of women participation in work force and need of high nutritional content in baby food is aiding the growth. For instance, in June 2021, ByHeart, a new infant formula U.S. based company announced the completion of its largest infant formula clinical trial and is on the track to become 4th fully integrated FDA-registered, U.S. based infant formula brand in the country.

Major players in the global infant formula market are increasing their investment on innovative product launches, research & development, and marketing & promotional activities to capitalize on emerging trends in various product types such as starting milk formula, follow-on milk formula, toddler’s milk formula, and special milk formula. This scenario is expected to fuel the market growth during the forecast period.

Key features of the study:

• This report provides an in-depth analysis of global infant formula market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Global infant formula market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Nestlé S.A., Groupe Danone, Abbott Nutrition, Mead Johnson Nutrition, The Kraft Heinz Company, Meiji Holdings Co. Ltd., Beingmate Baby & Child food Co. Ltd., Synutra International Inc., Pfizer Inc., and FrieslandCampina. N.V.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global infant formula market report caters to various stakeholders in this industry including investors, suppliers, infant formula service providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global infant formula market

Detailed Segmentation:

• Global Infant Formula Market, By Product Type:
  • Starting Milk Formula
  • Follow-on Milk Formula
  • Toddler’s Milk Formula
  • Special Milk Formula
• Global Infant Formula Market, By Distribution Channel:
  • Specialty Outlets
  • Supermarkets
  • Online Stores
  • Pharmacy Stores
  • Others
•  Global Infant Formula Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Region:
      • Middle East
      • Africa
• Company Profiles
  • Nestlé S.A.
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Groupe Danone
  • Abbott Nutrition
  • Mead Johnson Nutrition
  • The Kraft Heinz Company
  • Meiji Holdings Co. Ltd.
  • Beingmate Baby & Child Food Co. Ltd.
  • Synutra International Inc.
  • Pfizer Inc
  • FrieslandCampina N.V.

“*” marked represents similar segmentation in other categories in the respective section