Press release
Infant Formula Market Projected to Reach USD 299.94 Billion by 2030, Growing at a 10.5% CAGR
Infant Formula Market
The global infant formula market has been experiencing significant growth, driven by increasing demand for high-nutrition baby food products, growing working-parent population, and rising disposable incomes. The market, valued at USD 149.10 billion in 2023, is projected to grow at a CAGR of 10.5% during the forecast period, reaching USD 299.94 billion by 2030.
The report highlights key trends, growth opportunities, and industry consolidation across major markets like Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe. Below are detailed country-specific insights and developments:
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/124801/
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's infant formula market is thriving due to the increasing urbanization rate and heightened awareness of infant nutrition. The market is estimated to grow significantly, fueled by government campaigns promoting fortified infant formulas. Recent investments by ๐๐ข๐ง๐๐ฆ๐ข๐ฅ๐ค and acquisitions by international brands like ๐๐๐ฌ๐ญ๐ฅรฉ and ๐๐๐๐จ๐ญ๐ญ have intensified competition.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's market is characterized by the rising popularity of organic and lactose-free formulas. The ๐ฉ๐๐ซ๐ญ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐๐๐ญ๐ฐ๐๐๐ง ๐๐ฎ๐ฆ๐๐ฑ ๐๐ง๐ ๐๐ก๐๐ข ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ to enhance local production capabilities is a noteworthy development. The CAGR in Thailand's market is expected to be 7.5% through 2030, underpinned by growing health awareness among parents.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's aging population has indirectly boosted the premium segment of infant formulas, with brands like ๐๐๐ข๐ฃ๐ข ๐๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ focusing on high-quality, niche products. Mergers between Morinaga Milk Industry and other global players have created trends in fortified formulas and eco-friendly packaging, capturing the attention of environmentally conscious consumers.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/124801/ ๏ปฟ
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
The South Korean infant formula market has witnessed significant consolidation, with ๐๐๐๐ข๐ฅ ๐๐๐ข๐ซ๐ข๐๐ฌ dominating the sector. The increasing adoption of digital platforms to purchase baby products has further contributed to market growth. Recent collaborations between local and international brands have accelerated the adoption of innovative formulas, including plant-based options.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's market continues to evolve with a focus on sustainability. The country's strategic position as a hub for international trade has attracted investments from companies like ๐๐๐ง๐จ๐ง๐ and ๐ ๐ซ๐ข๐ฌ๐จ. Mergers and acquisitions have led to the development of cutting-edge formula products that cater to specific dietary needs, including hypoallergenic and prebiotic-enhanced formulas.
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The US remains a dominant player in the global infant formula market, accounting for a significant share. The entry of startups focusing on organic and non-GMO products has disrupted the market. Major developments include the merger of Abbott Laboratories with Perrigo Nutritionals, boosting product diversification. Recent FDA approvals have further supported the introduction of innovative formulas.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/124801/
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's market is driven by stringent regulations ensuring high product quality. Countries like Germany and France have witnessed significant mergers, such as Nestlรฉ's acquisition of Beba, a local formula brand. Growth in plant-based formulas and increasing exports to Asia are key trends reshaping the market landscape.
๐๐๐๐๐ง๐ญ ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Nestlรฉ launched a new hypoallergenic formula targeting infants with specific dietary needs.
Danone invested heavily in research to enhance formula digestion.
Vinamilk, Vietnam's leading dairy brand, announced a joint venture with a European player to expand its global footprint.
The US FDA approved three new infant formula products from Abbott Laboratories and Reckitt.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/infant-formula-market/124801/
๐๐ง๐๐๐ง๐ญ ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฒ๐ฉ๐
Infant Milk
Follow-on-Milk
Specialty Baby Milk
Growing-up Milk
๐๐ฒ ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ๐ฌ
Carbohydrate
Fat
Protein
Minerals
Vitamins
Others
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Hypermarkets
Supermarkets
Pharmacy/Medical Stores
Specialty Stores
Hard Discounter Stores
Others
๐๐ง๐๐๐ง๐ญ ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Abbott
2. Arla Foods Amba
3. Campbell Soups
4. Dana Dairy Group Ltd.
5. Danone
6. D-Signstore
7. HiPP GmbH & Co.
8. Vertrieb KG
9. YILI.COM INC.
10.Reckitt Benckiser (Mead Johnson & Company LLC)
11.Nestle S.A
12.The Hain Celestial Group
13.Royal AUSNZ
14.FrieslandCampina N.V.
15.Kraft Heinz company
16.Meiji Holdings Co. Ltd.
17.Beingmate Baby & Child Food Co. Ltd.
18.Synutra International Inc.
19.Pfizer Inc.
20.Others
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
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โฆ Global Styrene Acrylic Emulsion Polymer Market https://www.maximizemarketresearch.com/market-report/global-styrene-acrylic-emulsion-polymer-market/64553/
โฆ Global Styrene Acrylonitrile Resins Market https://www.maximizemarketresearch.com/market-report/global-styrene-acrylonitrile-resins-market/56534/
โฆ Global Styrene Market https://www.maximizemarketresearch.com/market-report/global-styrene-market/23532/
โฆ Global Styrenic Polymer Market https://www.maximizemarketresearch.com/market-report/global-styrenic-polymer-market/25498/
โฆ Global Sulfamic Acid Market https://www.maximizemarketresearch.com/market-report/global-sulfamic-acid-market/70735/
โฆ Global Super Absorbent Polymer Market https://www.maximizemarketresearch.com/market-report/global-super-absorbent-polymer-market/31887/
โฆ Global Super Alloys Market https://www.maximizemarketresearch.com/market-report/global-super-alloys-market/28267/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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