Infant Formula Market Update and Future Outlook 2024 - 2031 | Kendamil USA, Nestle, USA, Arla Foods

Market Overview:

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:

The infant formula market is expected to witness significant growth over the forecast period owing to rising awareness regarding infant nutrition and growing working women population. There has been a rise in awareness about the benefits of breastfeeding as well as importance of nutritious complementary foods and formulas for infants. This has boosted the demand for infant formulas across the globe. Moreover, the increasing number of women joining the workforce has raised the demand for convenient baby formula products. Furthermore, development of novel formulas addressing issues such as colic, gastric discomfort and allergies in infants is also expected to fuel market growth during the forecast period.

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Changes in Demographics and Rising Birth Rates Leads to Growth in Infant Formula Market

One of the major drivers for the infant formula market is the changing demographics and rising birth rates across the world. Several countries are witnessing a rise in birth rates due to growing population, increasing marriage rates, and social trends. For example, countries like China and India that account for over 35% of the global population have a rising number of births each year. This directly translates to higher demand for infant nutrition products like formula milk. Birth rates in other developing regions of Asia, Africa, and Latin America are also on the rise contributing to market growth.

Rising Health Consciousness among Parents Boosts Specialized Products

One significant opportunity for infant formula manufacturers is the growing health and nutrition consciousness among parents. With increasing awareness about the benefits of certain ingredients, there is demand for customized and specialized products. This includes formulas targeting needs like immunity, digestion, brain health etc. Functional lines enriched with prebiotic, probiotic and omega fatty acids are gaining traction. Moreover, products offering non-GMO, organic, halal and kosher certification also witness high demand in certain regions. Catering specialized lines meeting evolving preferences can help companies expand customer base and premiumize offerings.

Shift towards Organic and Clean Label Products Emerges as Strong Trend

A key trend observed in the global infant formula market is the shift towards organic, clean label and sustainable products. Today's conscious parents seek transparency and simplicity in ingredients. They prefer brands with minimal processing, fewer additives and preservatives. There is rising preference for formulas made using only organic nutrients sourced naturally from fruits, vegetables and milk. Also, plant-based and A2 milk formulas are gaining acceptance. Due to strong health and environmental apprehensions, companies need to adapt to the trend of producing clean label products with organic certification. This presents both challenges and opportunities to traditional players.

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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:

Based on 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 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)

Latest Trends in the Navigation Infant Formula Market:

💡 Surging Demand: Witness a rising demand for navigation Infant Formula owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.

💡 Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Infant Formula, encompassing real-time traffic updates, 3D mapping, and augmented reality.

💡 Tailored Solutions for Diverse Industries: Companies are tailoring navigation Infant Formula solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.

💡 Fusion with Emerging Technologies: Observe the integration of navigation Infant Formula with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.

💡 Rise of Mobile Applications: Experience the proliferation of navigation Infant Formula in the form of mobile applications, offering enhanced convenience and accessibility to users.

💡 Emphasis on Environmental Sustainability: Witness the development of navigation Infant Formula systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.

Frequently Asked Questions (FAQs) for Global Navigation Infant Formula Market Research:

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Author Bio:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

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