Baby Infant Formula Market is Getting Extensive Hike in Upcoming Year!

"Increase in participation of women in labor force has led to rise in the number of women professionals who prefer infant formula for their babies. This is expected to boost the growth of the baby infant formula market."

Global baby infant formula market size is expected to bet $24,043 million in 2018, and is projected to reach $45,348 million by 2025, registering a CAGR of 9.5% from 2018 to 2025. In 2018, the infant milk segment accounted for more than half of the market share in the global market, both in terms of revenue and volume.

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Baby infant formula comprises products with increased levels of energy, protein, and certain vitamins and minerals necessary for proper development of baby. Physicians recommend infant formula milk and follow-on-milk to babies under 12 months as a substitute to breastmilk, while specialty baby milk and growing-up milk are recommended to baby more than 12 months for their overall development. Infant formula simulates breastmilk and is considered suitable as its complete or partial substitute.

Active launch activities and promotion of baby infant formula in the U.S. and UK have led to higher adoption of infant formula the western region. Moreover, growth in number of women working outside home in developing countries such as China, India, Indonesia, Philippines, Brazil, and Saudi Arabia boosts the market growth. China accounts for the largest share in baby infant formula market, owing to withdrawal of one child policy by the Chinese government. Large number of population aged 0-4 years, especially in India, China, and Indonesia, is expected to continue to drive the market growth. Convenience for working mothers to feed the baby, change in lifestyle, and increase in disposable income are various other factors that have led to increased consumption of baby infant formula.

Moreover, increase in health-conscious parents seeking for minimally processed and natural food for their babies accelerates the demand for infant formula free from ingredients such as added sugar, sodium, and preservatives, which may create new opportunities for the manufacturers.

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Baby Infant Formula Key Market Segments:

By Type
o Infant Milk
o Follow-on-Milk
o Specialty Baby Milk
o Growing-up Milk
o By Ingredient
o Carbohydrate
o Fat
o Protein
o Minerals
o Vitamins
o Others

By Distribution Channel
o Hypermarkets
o Supermarkets
o Pharmacy/Medical Stores
o Specialty Stores
o Hard Discounter Stores
o Others

By Geography
o North America
o Europe
o Asia-Pacific
o LAMEA

Key Players
o Abbott
o Arla Foods Amba
o Campbell Soups
o Dana Dairy Group Ltd
o Danone
o D-Signstore
o HiPP GmbH & Co. Vertrieb KG
o Reckitt Benckiser (Mead Johnson & Company LLC)
o Nestle S.A.
o The Hain Celestial Group.

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