Infant Formula Manufacturing in the US - Industry Market Research Report

The right formula: An expanding number of births will drive industry demand

As information about the importance of breastfeeding has spread recently, instant formula manufacturers has struggled to maintain growth while entering 2023. As a substitute for breastmilk, demand for infant formula is directly determined by the popularity of breastfeeding. According to the Centers for Disease Control and Prevention (CDC)'s 2020 Breastfeeding Report Card, the percentage of infants exclusively breastfed for the first six months after birth has grown to reach 25.6%, up from 20.6% in 2015. As a result of this boost demand for infant formula has been hampered. In addition, the percentage of babies who have been breastfed at any point in their lives has expanded from 80.2% in 2015 to 84.1% in 2020, according to the CDC (latest data available). Infant formula manufacturers make infant formula, a powdered substitute for breast feeding that consumers use to support adequate growth of infants. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.