Baby Specialty Milk Formula Market Analysis

  • Report ID: 327
  • Published Date: Jul 22, 2024
  • Report Format: PDF, PPT

Baby Specialty Milk Formula Market Analysis

Age Group {New Born (0-3 months), Infant (3-12 months), Toddler (1-3 years)}

The global baby specialty milk formula market is segmented and analyzed for demand and supply by age group into a newborn (0-3 months), infant (3-12 months), and toddler (1-3 years). Among these segments, the newborn (0-3 months) segment is anticipated to capture the largest market size in the global baby specialty milk formula market owing to an increasing number of newborn babies. According to estimates, there are about 380,000 births per day around the world, or approximately 138 million births per year. Moreover, a breastfeeding difficulty among women with some form of the disease, coupled with increasing awareness of newborn health and care is projected to drive segment growth over the forecast period.

Our in-depth analysis of the global baby specialty milk formula market includes the following segments:

         By Age Group

  • New Born (0-3 months)
  • Infant (3-12 months)
  • Toddler (1-3 years)

         By Distribution Channel

  • Supermarket
  • Pharmacy
  • Online
  • Specialty Outlets
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Parul Atri


  • Report ID: 327
  • Published Date: Jul 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of baby specialty milk formula is assessed at USD 43.81 Billion.

The baby specialty milk formula market size was over USD 41.96 Billion in 2023 and is likely to reach USD 78.15 Billion by the end of 2036, growing at around 4.9% CAGR during the forecast period i.e., between 2024-2036. Growing disposable income, high women employment rate in developed countries and decreasing breastfeeding rates are the major factors driving the market growth.

North America is expected to dominate majority industry share by 2036, driven by increasing number of working mothers coupled with the rising number of women returning to work after giving birth.

Danone S.A., Perrigo Nutritionals, Nestle SA, Piermen B.V., Bebelan Lacta Ltd., Mead Johnson & Company, LLC., Savencia Fromage & Dairy, Abbott Laboratories, Else Nutrition, Arla Foods Ingredients Group P/S
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