Infant Formula Foods Market Set to Grow at an Impressive Rate in Coming Years At A CAGR Of 8.4%

The global market for infant formula foods is expected to witness significant growth in the coming years, according to a new report published by a leading market research firm, Market Square Insights. The report, titled "Infant Formula Foods Market Research Report - Global Forecast till 2027," presents a comprehensive analysis of the market's current state and future prospects, along with key trends and growth drivers that are expected to shape the industry's trajectory in the years to come.

According to the report, the global infant formula foods market is expected to grow at a compound annual growth rate (CAGR) of approximately 8.4% between 2021 and 2027. The market is expected to reach a total valuation of USD 44.3 billion by the end of the forecast period.

Recent Regulatory landscape governing the infant formula foods market:

Recently CIFA has updated Guidance on Safe Food for Canadians Licensing Requirements for Infant Formula.

Recently U.S. Food and Drug Administration released a national strategy outlining actions the agency will take immediately to help ensure one of the nation's most vulnerable populations continues to have access to safe, nutritious infant formula and to increase the resiliency of the U.S. infant formula market and supply.

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New findings and driving factors of the market:

Research findings:

• The demand for organic and natural infant formula products is increasing due to rising concerns about the safety and quality of conventional infant formula foods.

• Growing awareness about the health benefits of breastfeeding and the increasing incidence of lactose intolerance among infants are driving the demand for alternative sources of nutrition, such as infant formula.

• The Asia-Pacific region is expected to dominate the infant formula foods market during the forecast period, owing to the increasing birth rates, rising disposable income, and growing urbanization in the region.

• The COVID-19 pandemic has had a mixed impact on the infant formula foods market, with some regions experiencing increased demand for these products due to disruptions in breastfeeding practices and supply chain disruptions, while other regions have seen a decline in demand due to economic uncertainty and reduced purchasing power.

Driving Factors:

• Increasing birth rates and changing lifestyles, including rising urbanization and the growing number of working mothers, are driving the demand for infant formula foods.

• Rising concerns about the safety and quality of breast milk, such as exposure to environmental toxins and infectious diseases, are driving the demand for infant formula products as a safe and convenient alternative.

• Growing awareness about the importance of proper infant nutrition and the need for adequate nutrient intake for healthy growth and development is driving the demand for high-quality and nutritious infant formula products.

• Increasing disposable incomes and the growing middle class in emerging markets, particularly in Asia-Pacific and Latin America, are driving the demand for premium and organic infant formula products.

• Technological advancements and innovations in infant formula products, such as new ingredients, enhanced nutrient profiles, and improved safety and quality standards, are driving the growth of the infant formula foods market.

Market Analysis:

Key Companies Profile in the Report:

Danone
Abbott
Nestle
Mead Johnson Nutrition
FrieslandCampina
Heinz
Yili
Biostime
Hipp Holding AG
Perrigo
Beingmate
Synutra
Fonterra
Wonderson
Meiji
Bellamy
Feihe
Yashili
Brightdairy
Arla
DGC
Wissun
Shijiazhuang Junlebao Dairy Co.
Ltd.
Westland Milk Products
Pinnacle
Holle baby food GmbH

By Type:
Infant Formula Powder
Infant Complementary Foods

By Application:
0-6 Months
6-12 Months
12-36 Months

Health and economic policy issues in the USA in the infant formula market:

• Recently The United States has suffered from a baby formula shortage since February 2022, an issue occasioned by a series of supply shocks but exacerbated by two underlying problems within the formula market generally, that is inadequate competition and a poor federal surveillance strategy for the production of baby formula.

• Hence to increase the number of baby formula products available during the recent shortage, Congress has passed the Formula Act and the Bulk Infant Formula to Retail Shelves Act to lower the tariffs and import duty.

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Key data Points Covered in The Report:

> The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

> The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.

> The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

> Data and information by market player, by region, type, application and etc, and custom research can be added according to specific requirements.

> The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase:

> To gain insightful analyses of the market and have a comprehensive understanding of the global market and its commercial landscape.

> Assess the production processes, major issues, and solutions to mitigate the development risk.

> To comprehend the industry's most important driving and restraining forces, as well as their influence on the global market.

> Learn about the market strategies used by the most successful companies in their fields.

> To understand the future outlook and prospects for the market.

Besides the standard structure reports, we also provide custom research according to specific requirements.

The report focuses on the Global, Top 10 Regions, and Top 50 Countries Market Size of Infant Formula Foods 2015-2022, and development forecast for 2021-2030 including industries, major players/suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with the base year as 2021.

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At Market Square Insights, we understand research requirements and help a client in taking informed business-critical decisions. The company focuses on helping clients achieve transformational growth by helping them make crucial business decisions. At Market Square Insights, we diligently study emerging trends across various industries at global and regional levels, to identify potential opportunities for our clients.

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