Press release
Infant Formula Market Outlook Status 2026 By Major Vendors Abbott Laboratories, Nestlé S.A., Kraft Heinz Food Company, Groupe Danone, Mead Johnson Nutrition Company, Beingmate Baby & Child Food Co., Ltd., Plum Organics, and Meiji Holdings Co., Ltd
Infant Formula
Among formulation, powder segment held the largest revenue share of 41.9% in the global infant formula market in 2017. Powdered infant formula is the most economical and environment friendly baby formula as it occupies minimum space in the pantry compared to other formulas. However, powdered formulas take more time to prepare than other formulas.
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Major players operating in the global infant formula market include Abbott Laboratories, Nestlé S.A., Kraft Heinz Food Company, Groupe Danone, Mead Johnson Nutrition Company, Beingmate Baby & Child Food Co., Ltd., Plum Organics, and Meiji Holdings Co., Ltd. among others
The global infant formula market was valued at US$ 56.0 billion in 2017, and is expected to register a CAGR of 6.1% in terms of revenue, during the forecast period (2018 – 2026), to reach US$ 95.0 billion by 2026.
Market Dynamics
Among formulation, powder segment held the largest revenue share of 41.9% in global infant formula market in 2017. Powdered infant nutrition products are expected to gain popularity due to its higher shelf life, as compared to other infant food products. Babies with certain medical conditions are also advised to be fed with powdered formula or milk, as these powders contains added fortified nutrients such as iron, calcium, and vitamins.
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Detailed Segmentation:
Global Infant Formula Market, By Formulation:
• Ready-to-feed
• Powder
• Liquid Concentrate
Global Infant Formula Market, By Formula:
• Cow milk based
• Soy-based
• Hypoallergenic
• Others
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