Infant Formula Market Analysis and Precise Outlook 2023

The global infant formula market is estimated to reach US$80.76 billion in 2023, growing at a CAGR of 5.80% for the period spanning from 2019 to 2023. The factors such as emerging middle class population, growing birth rate in developing countries, increasing female in the workforce, increasing e-commerce sales, increasing disposable income and accelerating economic growth are expected to drive the market.

However, growth of the industry will be challenged by stringent regulations and dominance of infant formula alternatives. A few notable trends include growing awareness regarding baby foods and increasing preference for foreign infant formula brands in China.

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China is the fastest growing region to the global infant formula market mainly propelled by increasing population in China after withdrawal of one child policy by the Government of China. The growth in Asia Pacific region was mainly attributable to the increased disposable income and rising concerns among the new parents regarding child nutritional requirement. North America and Europe are highly established premium markets that contribute significantly to the global market.

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Regional Analysis For Infant Formula Market:

For the comprehensive understanding of market dynamics, the global Infant Formula Market is analysed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analysed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

Important Features that are under Offering and Key Highlights of the Reports:

Scope of the report:

The report provides a comprehensive analysis of the global infant formula market, segmented into toddler (+12 months), standard (0-6 months), follow-on (6-12 months) and special (premature, allergic) products.

The major regional markets (Asia Pacific, Europe, North America and Latin America) have been analyzed, along with country coverage of China and Australia.

The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

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Key Target Audience:

Infant Formula Producers

Raw Material Suppliers

Consulting Firms

Investment Banks

Government Bodies & Regulating Authorities

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