Infant Formula Ingredients Market Size

Infant Formula Ingredients Market size was over USD 72.47 billion in 2023 and is anticipated to cross USD 262.27 billion by 2036, witnessing more than 10.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of infant formula ingredients is estimated at USD 78.5 billion.

The infant market is thriving on the back of the growing demand for packaged infant food products backed by the increasing middle-class population and the upsurge in the number of working women which is further raising the prevalence of natural feeding for infants. In the last few years, the incidence of malnutrition or nutritionally deficient babies has increased. Infant formula ingredients have captured the attention of various people across the globe. Additionally, a substantial population base, rapid urban growth, and high birth rate would fuel business growth.