Infant Formula Market Future Scope, Industry Insight, Key Takeaways, Revenue Analysis and Forecast to 2029


Posted January 13, 2023 by pranit10

Infant Formula Market size was valued at US$ 122.12 Bn. in 2021 and the total Infant Formula revenue is expected to grow at 10.5% from 2022 to 2029, reaching nearly US$ 271.45 Bn.

 
Infant Formula Market Overview:

The Infant Formula market report discusses the significance of the segments likewise the regional markets, on the idea of the market size and growth rate. An extensive summary of all the segments and regions is prepared. The data bestowed during this analysis report has been examined and evaluated by several trade specialists and research analysts. The market report explores the foremost recent trade study on the worldwide Infant Formula market, that evaluates the opportunities and existing market situation whereas conjointly give insights and updates on the corresponding segments for the forecasted amount of 2022-2029.

A significant increase in demand for organic baby food among children under the age of five is expected to drive the infant formula market globally. Because of the rise in child and infant malnutrition, baby formula is now more important than ever. The market for infant formula is expanding significantly as a result of the rise in working mothers, which is being fueled by economic growth, which is creating jobs and encouraging more women to enter the labour force. Another factor is the increase in middle-class households that can afford infant formula as a result of economic and population growth. In this case, developing markets. The total number of births is another important factor in market growth.

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Infant Formula Market COVID-19 Impact:

Since governments have imposed strict lockdowns and restricted public mobility in response to the global Covid-19 pandemic, this has had a devastating impact on the world economy and the food industry. The early months saw a significant impact on the production of commodities from the closure of sugar and chocolate manufacturing plants. For instance, the Hershey Company temporarily shut down all its production facilities from March 16 to March 29, 2021, in response to the Covid-19 outbreak in the United States. Disruption, a lack of labour, trade restrictions, changes in logistics and transportation were all observed during the lockdown supply chain. During the quarantine period, consumers ate more meals at home, visited fewer stores, and became more at ease with outline purchases. These changes had an impact on the retail Infant Formula sector.

Infant Formula Market Segmentation:

Infant milk formula had the highest revenue share in 2021 and is expected to continue dominating during the forecast period. Because there are no widely recognised alternatives on the market, demand for infant formula is one of the key segments that is constantly growing. Due to a scarcity of convenient, nutrient-dense items on the market, new, inventive products have emerged. Customers' growing attachment to their infants in the market's vast selection of baby formula. However, due to its high protein, calcium, and iron content, as well as the expanding baby formula industry, the global market for continued milk production to replicate the nutritional function of breast milk is expected to have the highest CAGR.

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Infant Formula Market Key Players:

Arla Foods Amba
Campbell Soups
Dana Dairy Group Ltd.
Danone
D-Signstore
HiPP GmbH & Co.
Vertrieb KG
COM INC.
Reckitt Benckiser (Mead Johnson & Company LLC)
Nestle S.A
The Hain Celestial Group
Royal AUSNZ
FrieslandCampina N.V.
Kraft Heinz company
Meiji Holdings Co. Ltd.
Beingmate Baby & Child Food Co. Ltd.
Synutra International Inc.
Based on records and financial statistics with the corporate summary of key players the analysis report focuses on the current market size of the Infant Formula markets and their growth rates.

Regional Analysis:

Geographically, the Infant Formula market report is segmental into many key regions square measure as follows,

Asia-Pacific (China, Japan, Malaysia, Vietnam, Philippines, Thailand, India, Korea, Indonesia, and Australia)
Europe(Turkey, France, Germany, Russia United Kingdom, Italy etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)
Key Questions Answered:

Product valuation trends
Elaborated regional analysis
Identification of the businesses by business models.
Methods adopted by key players for development purpose
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Tags infant formula market
Last Updated January 13, 2023