The global infant formula market was valued at US$ 56.0 Billion in 2017, according to Infant Formula Market Report, by Formulation (Ready-to-feed, Powder, and Liquid Concentrate), by Formula (Cow milk-based, Soy-based, Hypoallergenic, and Others), by Distribution Channel (Online, Hypermarkets, Supermarkets, Specialty Stores, and Others), by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa).
The global infant formula market is projected to reach US$ 95.0 Billion by 2026, exhibiting a CAGR of 6.1% during the forecast period. Increasing awareness regarding importance of nutrition for infants is fueling growth of the infant formula market. Furthermore, rising population of working mothers is driving growth of this market. According to International Labor Organization’s report on Women at Work: Trends 2016, the share of women in wage and salaried work more than doubled, from 26.3% in 1995 to 55.3% in 2015. Rising population of working mothers is significantly increasing adoption of infant formulas for their babies, which is positively impacting growth of the market. However, strict regulations imposed on infant formula and baby food products is expected to restrain growth of the infant formula market.
To know the latest trends and insights prevalent in this market, click the link below:
Key Trends and Analysis of the Infant Formula Market:
Key Takeaways of the Market:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.