Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Definition of Market/Industry:

Infant formula is also referred to as a baby formula that has a rich nutritional value such as carbohydrates, vitamins, proteins, fats, and minerals. This formula is prepared for the baby for their overall development and provides crucial nutrients to the baby in the early phase of developments. Infant formula is suitable for children below 1 year of age.

Statistics:

The global infant formula market is estimated to account for US$ 32,237.4 Mn in terms of value in 2019.

Drivers:

Driver 1

Increasing number of working women population is a prime factor driving the market growth of infant formula. Various women resume their jobs quickly after delivery and infant formula is ideal for these women as it is easy to prepare and consume lesser time. Moreover, infant’s formula have various nutrients values that are present in human breast milk which is further augmenting their adoption across consumers.

Driver 2

A high birth rate across developing regions is expected to foster the market growth of the infant formula. According to the Population Reference Bureau, the world population in 2015 was 7.3 billion and is estimated to increase to 9.8 billion by 2050. This will favor the market growth in the near future. Moreover, the two-child policy in China since 1 January 2016 is further expected to augment the market growth over the forecast timeframe. 

Statistics:

APEJ region dominated the global infant formula market in 2019, accounting for 48.7% share in terms of value, followed by North America and Western Europe, respectively.

Figure 1. Global Infant Formula Market, Revenue Share (%), By Region, 2019

Infant Formula  | Coherent Market Insights

Market Restraints

Restraint 1

Strict regulatory hurdle associated with the approval for production of infant’s formula and food is expected to restrict the market growth of infant formula. Moreover, the growing prevalence of scandals in the infant formula industry is again expected to affect the market growth negatively.

Restraint 2

Lack of awareness regarding the health benefits associated with the infant formula among consumers of developing countries especially across rural areas is projected to hamper the market growth of infant’s formula.

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Infant Formula Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 32,237.4 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 10.1% 2027 Value Projection: US$ 70,642.2 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Western Europe: Germany, U.K., France, Italy, Spain, Nordic, BENELUX, Rest of Europe
  • Eastern Europe: Russia, Poland, Rest of Europe
  • APEJ: China, India, ASEAN, ANZ, Rest of APEJ
  • Japan
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Product Type: Starting Milk Formula, Follow-on Milk Formula, Toddler’s Milk Formula and Special Milk Formula
  • By Distribution Channel: Specialty Outlets, Supermarkets, Online Stores, Pharmacy Stores and Others
Companies covered:

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.

Growth Drivers:
  • Increasing number of working women population
  • High birth rate across developing regions
Restraints & Challenges:
  • Strict regulatory hurdle associated with the approval for production of infant’s formula and food

Market Opportunities

Figure 2. Global Infant Formula Market – Opportunity Analysis

Infant Formula  | Coherent Market Insights

Opportunity 1

Growing demand for premium infant nutrition product is expected to provide potential opportunities to the market of infant formula. For instance, in November 2019, Advanced Lipids has launched two new additions to its infant range of infant formula ingredients. A new premium offering, Infant Pro, offers higher levels of sn-2 palmitate, while Infant MF is a special blend containing milk fat. Both new products will be unveiled at Food Ingredients Europe, 3-5 December in Paris.

Opportunity 2

Growth in the online retail industry around the globe which enable easy purchasing of product at an affordable rate with convenience is expected to bring new opportunities to the market of infant formula. Working women highly preferred online shopping due to their busy and hectic life>

Figure 3. Global Infant Formula Market, Revenue Share (%), By Product Type, in 2019

Infant Formula  | Coherent Market Insights

On the basis of product type, starting milk formula dominated the global infant formula market in 2019 with around 48.0% of market share in terms of revenue, followed by follow-on milk formula and toddler’s milk formula, respectively.

Market Trends/Key Takeaways

Trend 1

Organic infant’s formula is gaining traction in the market due to growing health and wellness trend. This trend is expected to accelerate the market growth of infant formula. For instance, in February 2020, Else Nutrition, a developer and marketer of clean-ingredients, plant-based nutrition products, has announced the launch of its first commercial product. It’s a next-generation, 100 percent plant-based, organic toddler formula made with a proprietary formulation of almonds, buckwheat, and tapioca.

Trend 2

Demand for dried food is on rise among parents which is expected to bolster the market growth of the infant formula. They offer ease of use and also available in variety of flavors. Continuous improvisation in the infant formula by major players in order to meet the rising demand is further anticipated to fuel the market growth of the infant formula over the forecast timeframe.

Regulations

NEW NUTRIENT REQUIREMENTS IN AMERICA

In the U.S., the Infant Formula Act of 1980 was passed as major manufacturers produced soy-based infant formula with an insufficient level of chloride due to the discharge of salt in the formula. The same act was amended in 1986 with the accumulation of internal and external auditing, record keeping, current good production practice, and other related requirements. 

Even with further requirements, which are published in 21 Code of Federal Regulations part 107, from July 2014, the U.S. Food and Drug Administration (US FDA) launched final product testing for Salmonella, Cronobacter, thiamine and Vitamin A, C, E, before the release of any lot of infant formula.

From 23 July 2016 onwards, the U.S. FDA will add specific maximum and minimum levels of selenium to those essential nutrients that are listed in 21 CFR 107.100. Assuring the appropriate level of such nutrients is necessary for the quality control procedures of producing infant formula products.

Global Infant Formula Market - Impact of Coronavirus (Covid-19) Pandemic

There have been unprecedented variations in the global sales of infant formula and food products owing to the changes in purchase patterns among consumers. Rising trends of bulk buying and stockpiling of infant formula or foods has led to certain products being in very limited supply, which in turn has led to price fluctuations in global infant formula market. This scenario is expected to hinder the growth rate the market till the early months of 2021.

Competitive Section:

Company Names 

  1. Nestle S.A
  2. Groupe Danone
  3. Abbott Nutrition
  4. Mead Johnson Nutrition
  5. The Kraft Heinz Company
  6. Meiji Holdings Co. Ltd.
  7. Beingmate Baby & Child food Co. Ltd.
  8. Synutra International Inc.
  9. Pfizer Inc
  10. FrieslandCampina N.V.

Few Recent Developments

In February 2017, Reckitt Benckiser has agreed to buy U.S. baby formula maker Mead Johnson Nutrition for $16.6 billion, giving the British consumer goods company a new product line and expanding its presence in developing markets.

The global infant formula market is growing at 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 developing regions is expected to foster the market growth of the infant formula market during the forecast period. Infant formula are available for various product types such as starting milk formula, follow-on milk formula, toddler’s milk formula and special milk formula.

Market Dynamics

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

Major players in the global infant formula market are increasing their investment on innovative product launchings, 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 during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global infant formula market size (US$ Million & ‘000 Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 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 into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading 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 includes 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 the management authorities of companies to make informed decision regarding their future product launches, Application up-gradation, market expansion, and marketing tactics
  • The global Infant Formula market report caters to various stakeholders in this industry including investors, suppliers, global infant formula manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing 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
      • U.S.
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Canada
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
    • Latin America
      • Brazil
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Mexico
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Argentina
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      •  Rest of Latin America
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
    • Western Europe
      • Germany
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • U.K.
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • France
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Italy
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Spain
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Nordic
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • BENELUX
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Rest of Western Europe
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
    • Eastern Europe
      • Russia
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Poland
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Rest of Eastern Europe
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
    • APEJ
      • China
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • India
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • ASEAN
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • ANZ
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Rest of the APEJ
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
    • Japan
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
    • Middle East & Africa
      • GCC
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • South Africa
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
      • Rest of Middle East & Africa
        • By Product Type
          • Starting Milk Formula
          • Follow-on Milk Formula
          • Toddler’s Milk Formula
          • Special Milk Formula
        • By Distribution Channel
          • Specialty Outlets
          • Supermarkets
          • Online Stores
          • Pharmacy Stores
          • Others
  • 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

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Formulation
      • Market Snippet, By Formula
      • Market Snippet, By Distribution Channel
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Infant Formula Market, By Formulation, 2015- 2026 (USD Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2019 - 2026
      • Segment Trends
    • Ready-to-feed
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Liquid Concentrate
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
  5. Global Infant Formula Market, By Formula, 2015- 2026 (USD Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2019 - 2026
      • Segment Trends
    • Cow milk-based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Soy-based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Hypoallergenic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
  6. Global Infant Formula Market, By Distribution Channel, 2015- 2026 (USD Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2019 - 2026
      • Segment Trends
    • Online
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Hypermarkets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Supermarkets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Specialty stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
  7. Global Infant Formula Market, By Region, 2015- 2026 (USD Billion)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018 - 2026
    • North America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • France
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • China
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • GCC
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Africa
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nestlé S.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kraft Heinz Food Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Groupe Danone
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mead Johnson Nutrition Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Beingmate Baby & Child Food Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Plum Organics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Meiji Holdings Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 32 market data tables* and 18 figures* on "Infant Formula Market” - Global forecast to 2026.

Frequently Asked Questions

The market for global infant formula is forecast to surpass US$ 70,642.2 million by 2027 witnessing a CAGR of 10.1% between 2020 and 2027.
Increasing working women population around the globe is fuelling the growth of the global infant formula market in the region.
Organic infant’s formula is gaining traction in the market due to growing health and wellness trend and is further expected to favor market growth over the forecast period.
Strict regulatory hurdle associated with the approval for production of infant’s formula and food is expected to hamper the growth the market during the forecast period.
Major players operating in the global infant formula market 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.
The global infant formula market was estimated to be valued around US$ 32,237.4 million in terms of revenue in 2019.
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