Baby Specialty Milk Formula Market Share

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

Baby Specialty Milk Formula Market Share

Regionally, the global baby specialty milk formula market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2036 backed by the increasing number of working mothers coupled with the rising number of women returning to work after giving birth. It was observed that 1 in 4 mothers return to work in the United States within 10-15 days following childbirth. Moreover, concerns about infant healthcare, increasing income levels, and high women employment rate are factors anticipated to drive baby specialty milk formula market growth in the region during the forecast period.

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Baby Specialty Milk Formula Market Demand
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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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