The global infant formula market value is estimated to reach USD 44 Billion by 2025 at a CAGR of 10.2%
Dynamic research and development activities and rising consumer awareness are identified as key factors driving the global demand for infant formula. Additionally, the market is witnessing strong investment and by international brands across untapped markets.
Infant formula is also known as baby Infant formula or milk formula. It is a type of food designed to feed the infant and babies below the age of 12 months. Infant formula has been emerged as a substitute or an alternative to breast milk, especially for lactose-intolerant infants. To attain a normal baby growth and sustain normal health, infant formula must contain proper amounts of vitamins, water, minerals, proteins, fats, and carbohydrates. Depending upon the application of infant formula there are three main types available in the market. Lactose-free milk formula can be used to feed babies suffering through infectious gastroenteritis and diarrhea for fast recovery with reduced cramps. Further, the need for infant formula is subject to certain medical conditions and allergies.
Pediatricians usually recommend exclusively breastfeeding, except under certain unavoidable circumstances. Some common conditions in which formula feeding is recommended over breastfeeding are inefficient milk sucking by babies, an inadequate supply of breastmilk, office going mothers, and if there are chances of infections through maternal milk due to any medical problem. There are several commercial brands of infant formula available in the market. Ideally, it is recommended to consult a pediatrician before choosing any milk formula for babies.
This market research study classifies the global market for infant formula by product type, product form, application, and distribution channel. Key product types studied during the course of the research project include milk-based, soy-based, and protein hydrolysate infant formulas. By product form, the market is categorized into powder, concentrated liquid, and ready-to-use infant formulas. By application, the market is categorized into follow-on infant formula, growing-up milk formula, standard infant formula, and specialty infant formula. By distribution channel, the market is categorized into specialty outlets, pharmacy stores, supermarkets, and online stores. Key geographical regions studied in the research report include Latin America, Europe, North America, Middle East, and Africa, and Asia Pacific.
Key Industry Players in the Global Infant Formula Market Report
The research report also provides a complete overview of the competitive landscape of the global infant formula industry. The industry competition analysis utilizes certain qualitative analytical tools such as Porter's analysis and PESTLE analysis. The data collected through primary interviews and surveys is then passed through systematic evaluation to predict relevant forecasting about industry performance. Major companies studied in the research report are Danone Nutricia, Ausnutria Hyproca, Abbott Laboratories, Perrigo Nutritionals, Bristol-Myers Squibb Company, Mead Johnson, Glanbia plc, Pfizer, Inc., GlaxoSmithKline plc, Nestlé S.A., and some other promising industry participants.
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