Baby Specialty Milk Formula Market - Growth Drivers and Challenges
Growth Drivers
- Growing Prevalence Of Gestational Diabetes Worldwide-According to the Centers for Disease Control and Prevention, gestational diabetes affects 2% to 10% of pregnancies in the United States every year.
- A baby born to a woman who has gestational diabetes may have a greater likelihood of becoming obese or diabetic in the future. A growing number of women suffering from such diseases are adopting specialty milk formulas for their newborns and infants. Thus the rising cases of gestational diabetes are estimated to drive global baby specialty milk formula market growth over the forecast period.
- High Level Of Expenditures On Infant Health Care - According to estimates, within the first year of life of the sample of infants, nearly USD 300,200 was spent on healthcare services
- Huge Number Of Children Suffering From Diseases- For instance, pneumonia, malaria and diarrhea accounted for nearly 28% of global deaths among children under the age of five in the year 2019.
- Rise in Personal Disposable Income- During July 2022, the Bureau of Economic Analysis reported an increase in personal disposable income of USD 37.6 billion (0.2%), while personal income increased by USD 47.0 billion
- Increasing World Population - It was observed that the world's population is estimated to grow by 2 billion people over the next 30 years, to 9.6 billion in 2050 and potentially 10 billion by 2100.
Challenges
- Government Initiative To Spread Awareness About Breastfeeding
- Declining Fertility Rate In Undeveloped Countries
- High Cost Of Production
Baby Specialty Milk Formula Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Year |
2026-2035 |
|
CAGR |
4.9% |
|
Base Year Market Size (2025) |
USD 47.54 billion |
|
Forecast Year Market Size (2035) |
USD 76.7 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of baby specialty milk formula is assessed at USD 49.64 billion.
The global baby specialty milk formula market size was around USD 47.54 billion in 2025 and is likely to expand at a CAGR of more than 4.9%, surpassing USD 76.7 billion revenue by 2035.
By 2035, North America is projected to command the largest share of the baby specialty milk formula market, underpinned by the increasing number of working mothers and rising return-to-work rates after childbirth.
Key players in the market include 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.
