Infant Formula Market Size, Share, Trend, Global Analysis, Leading Key Players Review and Forecast to 2029

Market Overview

The Global Infant Formula Market was valued at USD 68.15 billion in 2021 and is expected to reach USD 137.09 billion by the year 2028, at a CAGR of 10.5%.

Infant formulae are specially prepared liquids for young children, ideally under a year old. To guarantee the exceptional quality of the product, several governmental organizations such as the Food Safety and Standards Authority of India (FSSAI), the World Health Organization (WHO), and others, have exact criteria for the formulation of infant food. Customers can be encouraged to acquire new things without anxiety if strong regulations about product quality are in place.

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Market Dynamics

Drivers:

The rising investment of significant key players in the research and development of innovative products is anticipated to have a beneficial effect on the growth of the baby formula market. The attention and focus on the nutritional requirements of newborns are the other important drivers driving the global market. The rise in the number of working women and mothers, combined with a significant increase in their discretionary spending, has increased the demand for baby nourishment items. Increasing instances of lactation, medicine, lack of support and competent lactation specialists, unsupportive work regulations, and cultural norms are a few of the variables that can increase the product's demand.

Opportunity:

The rise in the number of working women and mothers, combined with a significant increase in their discretionary spending, has increased the demand for baby nourishment items. Increasing instances of lactation, medicine, lack of support and competent lactation specialists, unsupportive work regulations, and cultural norms are a few of the factors that can increase the product's demand. Opportunities are ripe for the taking, and capitalizing on them would guarantee long-term profitability for both existing and developing firms.

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Product Type
• First Infant Formula
• Follow-on Formula
• Growing-up Formula
• Specialty Baby Formula

By Source
• Cow Milk
• Soy
• Protein Hydrolysates
• Goat Milk
• Camel Milk
• Others

By Form
• Powder
• Liquid & Semi-Liquid
• Ready-To-Drink

By Distribution Channels
• Hypermarkets/Supermarkets
• Online Stores
• Pharmacy/Medical Stores
• Specialty Stores
• Others

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Regional of Infant Formula Market
North America region dominates infant formula market during the forecast period. Key factors responsible to hold maximum share such as high disposable income, presence of major players in the region, and well-developed pharmaceutical and biotechnology sectors are imputed to the growth of the market in the region. Europe is the second-largest market for infant formula due to good production facilities and the high spending power and disposal income on infants and per baby.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Key Players Covered in Infant Formula market
• Abbott Nutrition
• The Kraft Heinz Company
• Nestle S. A
• FrieslandCampina N.V. Group
• Danone S.A.
• Synutra International Inc.
• Mead Johnson Nutrition
• Meiji Holdings Co. Ltd.
• Beingmate Baby & Child Food Co. Ltd.
• Pfizer Inc
• Yili Group
• Bellamy's Organic
• Aral Foods Amba and other major players.

Key Industry Developments
In January 2021, Fats and oils Specialist and Netherland based company, Bunge Loders Croklaan (BLC), declared the introduction of a new premium lipid ingredient for a baby formula which claims to be a replica of mother's milk to taste, nutrition, and has a natural balance.
In March 2021, 108LABS revealed its new animal-free infant baby formula, Colostrupedis, which consists of cell-cultured human milk molecules discovered from human mammary cell agriculture and formulated with broadly neutralizing human secretory antibodies.

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Table of content
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Infant Formula Market by Product Type
Chapter 6: Infant Formula Market by Source
Chapter 7: Infant Formula Market by Form
Chapter 8: Infant Formula Market by Distribution Channels
To Be continue…

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