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The global infant formula market is anticipated to be valued at US$98.69 billion in 2026, growing at a CAGR of 8.00% for the period spanning from 2022 to 2026. Factors that supported growth in the global infant formula market are increasing female participation in workforce, growth in middle class population and rise in e-commerce sales. The market growth is expected to be hindered by declining fertility rate and stringent regulations. However, the market would experience growth accrued to key trends like growing awareness about feeding baby foods and growing adoption of probiotics in infant formula.
The global infant formula market by product can be segmented as follows: toddler (1-2 months), standard (0-6 months), follow-on (6-12 months) and special (Premature & Allergic). In 2021, the dominant share of the market was held by toddler infant formula, followed by standard and follow-on infant formula. On the basis of distribution channel, the global infant formula market can be segmented into the following categories: hypermarkets/supermarkets, specialty stores and pharmacy/medical stores. The dominant share of the market in 2021 was held by hypermarkets/supermarkets segment.
Scope of the report
- The report provides a comprehensive analysis of the global infant formula market with potential impact of COVID-19
- The major regional markets (China, Asia Pacific (ex. China), Europe, North America, Latin America and MEA) have been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (Nestlé S.A., Danone S.A., Abbott Laboratories, Royal FrieslandCampina, Reckitt Benckiser and Kraft Heinz) are also presented in detail.
Key Target Audience
- Infant Formula Producers
- Raw Material Suppliers
- Consulting Firms
- Investment Banks
- Government Bodies & Regulating Authorities
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Table of Contents
Companies Mentioned
- Kraft Heinz
- Reckitt Benckiser
- Royal FrieslandCampina N.V.
- Abbott Laboratories
- Danone S.A.
- Nestlé S.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 104 |
| Published | April 2022 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value ( USD | $ 72.54 Billion |
| Forecasted Market Value ( USD | $ 98.69 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
