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Infant formula is food for babies under two years. It is gives to babies as a replacement of mother’s milk. It is specially designed food with same nutritional facts as that of mother’s milk. This is very easy to prepare, safe and fresh feed to babies. These are best quality food for babies. The infant formula is made by using protein, vegetable oils, lactose carbohydrates, a vitamins, minerals, and many other ingredients. Protein source may be cow’s milk or soybean depending on manufacturer. Based on product type, infant formula market is segmented into four segments i.e. growing up milk, starting formula foods, follow-on formula foods, special Formula Foods.
There are some formulas which are prepared by using protein which is hydrolysed into its component amino acids. These are specially prepared for infants who are allergic to other proteins. Infant formula is preferred when mother is unable to feed milk due to some health issues or baby is suffering from malnutrition or lactation insufficiency or may be due to personal experience. Now a day’s people are having concern about nutrition of babies. Due to growing awareness about baby foods, increasing population and increasing number of working women, the demand for infant formula is increasing. People are looking for convenient and easy to carry foods. This will fuel the infant formula market in upcoming years.
Geographically, Infant Formula Market is segmented into regions North America, Europe, China, Japan, Southeast Asia, India, Africa, and Latin America. Currently, Asia pacific accounts for largest share of the market for infant formula with a consumption market share nearly 50% in 2017 and it is expected to remain during forecast period also. China alone with the growth rate significantly more than the world in recent years, shares a consumption market nearly 30.57% in 2017. The second place is Europe; following Asia with the consumption market share 22.23% in 2017.
Profshare Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users / regions. Our study on Infant Formula Foods Market helps users to make precise decision to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in Infant Formula Foods Market. The report also covers financial overview, market strategies, new product analysis and marketing trends. Precise Competitive analysis helps businesses to build new product strategies.
Infant Formula Foods Market : Product Type
Infant Formula Foods Market : End Users/ Applications
Global Infant Formula Foods Market: Companies Covered
Geographical analysis of Infant Formula Foods Market includes :
Global Infant Formula Foods Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 50049.44 million |
Forecast Value (2031) |
USD 84670.19 million |
CAGR (2025-2030) |
7.8 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Infant Formula Foods Market was valued at around USD 50049.44 million in 2023 & estimated to reach USD 84670.19 million by 2030.
Infant Formula Foods Market is likely to grow at Compound Annual Growth Rate (CAGR) of 7.8% between 2024 to 2030.
Infant Formula Foods Market is dominated by the Infant Formula Powder segment and the Asia Pacific region holds the highest market share in 2023.
Some of the top key players in the Infant Formula Foods Market are Danone, Abbott, Nestle, Mead Johnson Nutrition, FrieslandCampina, Heinz, Yili, Biostime, Hipp Holding AG, Perrigo, Beingmate, Synutra, Fonterra, Wonderson.
Primary driving factors for the growth of the Infant Formula Foods Market include Growing awareness about baby foods, increasing population and increasing number of working women.
Yes, the report includes COVID 19 impact on the market.
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