Press release
Infant Formula Market Poised for Remarkable Growth, set to Reach USD 178.83 billion by 2032 with a CAGR of 10.28%
Infant Formula Market
Fortune Business Insightsโข provides this information in its research report, titled "Infant Formula Market, 2024-2032".
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/infant-formula-market-101498
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Nestle S.A. (Switzerland)
โข Danone S.A. (France)
โข Arla Foods (Denmark)
โข Yili Group (China)
โข Abbott (U.S.)
โข The Kraft Heinz Company (U.S.)
โข Bellamy's Organic (Australia)
โข Reckitt Benckiser Group PLC (U.K.)
โข Perrigo Company plc (Ireland)
โข FrieslandCampina (Netherlands)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ง๐๐๐ง๐ญ ๐๐ข๐ฅ๐ค ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ฎ๐ ๐ญ๐จ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐ฐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฎ๐ง๐๐ก๐๐ฌ ๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
On the basis of type, the market is divided into infant milk, follow-on-milk, and others. The infant milk segment held the largest infant formula market share in 2022. The leading market players are focusing on new product launches in the infant milk segment. This factor is driving the segment growth.
๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ๐ฌ' ๐๐ข๐ ๐ก ๐๐ซ๐๐๐๐ซ๐๐ง๐๐ ๐๐จ๐ซ ๐๐๐ซ๐ ๐ ๐๐ฎ๐ฉ๐๐ซ๐ฆ๐๐ซ๐ค๐๐ญ๐ฌ ๐ญ๐จ ๐๐ฌ๐๐๐ฅ๐๐ญ๐ ๐๐ฒ๐ฉ๐๐ซ๐ฆ๐๐ซ๐ค๐๐ญ๐ฌ/๐๐ฎ๐ฉ๐๐ซ๐ฆ๐๐ซ๐ค๐๐ญ๐ฌ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง
By distribution channel, the market segmented into hypermarkets/supermarkets, pharmacy/medical stores, specialty stores, and others. The hypermarkets/supermarkets segment accounts for the largest market share. Consumers exhibit a high preference to purchase products from large supermarkets due to the availability of a wide range of pricing options.
By region, the market has been studied across the Asia Pacific, North America, Europe, the Middle East & Africa, and South America.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The market report offers comprehensive coverage of the driving factors impacting the market growth. In also offers vital insights into the COVID-19 impact on the market growth. It further highlights the key market trends and strategies formulated by leading market players to retain their industry foothold.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/infant-formula-market-101498
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐ฎ๐ซ๐ ๐ข๐ง๐ ๐๐ฐ๐๐ซ๐๐ง๐๐ฌ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐ฆ๐ฉ๐จ๐ซ๐ญ๐๐ง๐๐ ๐จ๐ ๐๐๐ซ๐ฅ๐ฒ ๐๐ฎ๐ญ๐ซ๐ข๐ญ๐ข๐จ๐ง ๐๐จ๐ซ ๐๐ง๐๐๐ง๐ญ๐ฌ' ๐๐ซ๐จ๐ฉ๐๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐๐ฅ๐๐ซ๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
One of the major factors driving the infant formula market growth is an increase in awareness about the importance of early nutrition for the proper growth and development of infants. Parents are focusing on better nutrition and more advantageous products for their children. In addition, young parents look for plant products due to their high nutritional value.
Despite an expanding scope for product adoption, the safety issues related to the new infant formulas may hinder the market growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐ฎ๐ ๐ญ๐จ ๐ญ๐ก๐ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐ข๐ซ๐ญ๐ก ๐๐๐ญ๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐ข๐จ๐ง
The Asia Pacific market held the largest share in 2022. The birth rate in the region is high, which has increased the product uptake. This factor is proliferating the regional growth.
The Europe market for infant formula is anticipated to expand significantly during the forecast period. The key market players such as Organix, Nestle, and others are continuously innovating. This factor is driving the regional growth.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/infant-formula-market-101498
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐๐ฉ๐๐๐ข๐ญ๐ฒ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ ๐ญ๐จ ๐๐๐ข๐ง๐๐จ๐ซ๐๐ ๐ญ๐ก๐๐ข๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
Notable infant formula market players are focusing on various competitive strategies to extend their industry footing. Mergers and acquisitions, collaborations, joint ventures, and product innovations are some of the key competitive strategies deployed by leading market players. Several companies are also focusing on capacity expansion strategies to sustain their industry leaderships.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
๐๐ฎ๐ ๐ฎ๐ฌ๐ญ ๐๐๐๐: Abbott announced the resumption of its Similac infant formula production plant at Sturgis, Michigan. Through this move, the company intended to supply over 8 million pounds of infant formula in the U.S.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฐ๐ฌ:
Baby Food Market: https://www.fortunebusinessinsights.com/baby-food-market-103849
Infant Food Ingredients Market: https://www.fortunebusinessinsights.com/industry-reports/infant-food-ingredients-market-100228
Baby Care Products Market: https://www.fortunebusinessinsights.com/baby-care-products-market-104267
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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