Press release
Infant Formula Market Trends and Strategic Outlook 2024 - 2031 | Kendamil USA, Nestle, USA, Arla Foods
Infant Formula Market
Global infant formula market is estimated to be valued at USD 81.42 Bn in 2024 and is expected to reach USD 161.51 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
Market Dynamics:
Rising disposable income in the developing economies has enabled customers to opt for premium infant formula brands for their newborns. Additionally, increasing number of women joining the workforce has led to higher demand for infant formula. Working mothers prefer infant formula over breastfeeding as it is convenient. Also, aggressive marketing campaigns by leading brands emphasizing nutritional benefits is driving the sales of infant formula products.
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Key Driver: Growing Awareness About the Importance of Proper Nutrition for Infants
There has been a significant increase in awareness among parents about the criticality of proper nutrition in the development of infants. Parents are much more informed now about the wide range of vitamins, minerals, and other nutrients required by infants for healthy growth and development. They want infant formulas that closely mimic breast milk and provide optimal nourishment. The increasing disposable incomes of people also allow them to spend more on high-quality infant formulas. Additionally, the growing working women population has fueled the demand for convenient infant formulas.
Key Opportunity: Demand in Developing Markets
The penetration levels of infant formula remain quite low in many developing regions due to poverty, lack of awareness, and cultural preferences for breastfeeding. However, these markets offer enormous growth prospects as women join the workforce and rising incomes increase the ability to afford formula. International infant formula brands see excellent potential to capture this opportunity through successful marketing initiatives, partnerships with local retailers and health professionals, and introduction of affordable products tailored to regional needs. Penetrating developing Asian, African, and Latin American countries represents a huge opportunity to drive future sales growth in the long run.
Key Trend: Rising Preference for Organic and Clean Label Formulas
More parents now closely examine the ingredient labels of infant formulas and want products made from natural, wholesome, and minimally processed components. This has prompted infant formula brands to focus on organic, non-GMO, and clean label product lines free from artificial colors, preservatives, flavors, sweeteners, and other unwanted chemicals. Companies extensively market the health, eco-friendly, and premium attributes of organic formulas. The premiumization trend along with the clean label movement will likely shape the future innovation and strategies in the infant formula industry.
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Top Companies Included in This Report:
• Kendamil USA
• Nestle
• USA
• Arla Foods
• Bobbie
• Dana Dairy Group
• Danone S.A.
• Abbott Nutrition
• Mead Johnson Nutrition
• The Kraft Heinz Company
• Meiji Holdings Co. Ltd.
• Synutra International Inc.
• Pfizer Inc.
• Friesland Campina
• Bubs Organic LLC.
• Perrigo Company plc
• Bellamy's Organic.
• Glanbia plc
• Reckitt Benckiser Group PLC.
• PT Kalbe Farma Tbk
Market Segmentation:
By Product Type:
• By Ingredient: Cow's milk based, Soy Based, Hypoallergenic, Others (Lactose free, Goat's milk, etc.)
• By Form: Powder forms, Liquid concentrate forms, Ready-to-feed forms
• By Distribution Channel: Supermarkets and Hypermarkets, Convenience stores, Online, Others (Specialty stores, etc.)
Key Regions/Countries are Classified as Follows:
» 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)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Infant Formula Market by Players
Chapter 4: Market Size of the Infant Formula Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Infant Formula Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Infant Formula industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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