Infant Formula Market To Grow At A CAGR Of 10.1% During The Forecast Period (2020 To 2027) | Nestlé S.A., Groupe Danone, Abbott Nutrition, Mead Johnson Nutrition

The global infant formula market was estimated to be valued more than US$ 32,237.4 Mn in terms of revenue in 2019 and is predicted to grow at a CAGR of 10.1% during the forecast period (2020 to 2027).

Because of the growing number of working women around the world, the global baby formula market is growing at a rapid pace. Furthermore, rising demand for infant formula due to a busy lifestyle and a high birth rate in emerging areas is likely to propel the infant formula market forward throughout the forecast period. Starting milk formula, follow-on milk formula, toddler's milk formula, and special milk formula are some of the different varieties of infant formula available.

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Key companies covered as a part of this study includes Nestlé S.A., Groupe Danone, Abbott Nutrition, Mead Johnson Nutrition, The Kraft Heinz Company, Meiji Holdings Co. Ltd., Beingmate Baby & Child food Co. Ltd., Synutra International Inc., Pfizer Inc., and FrieslandCampina. N.V.

Global Infant Formula Market - Impact of Coronavirus (Covid-19) Pandemic

Coronavirus (Covid-19) has had a significant influence on the infant formula sector, changing the dynamics of raw material suppliers who produce these products. However, rising demand for infant formula, driven by a busy lifestyle and a growing female workforce, is predicted to slow the market's growth and bring it to US$ 70,642.2 Mn by the end of 2020.

Key features of the study:

This report provides in-depth analysis of global infant formula market size (US$ Million & ‘000 Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global infant formula market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans

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Detailed Segmentation:

Global Infant Formula Market, By Product Type:
Starting Milk Formula
Follow-on Milk Formula
Toddler’s Milk Formula
Special Milk Formula

Global Infant Formula Market, By Distribution Channel:
Specialty Outlets
Supermarkets
Online Stores
Pharmacy Stores
Others

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This release was published on openPR.