Rising number of employed mothers is one of the major factors driving the market growth.
The market is anticipated to attain a considerable CAGR over the forecast period, i.e., 2021-2029.
High cost of formula milk is one of the major factors estimated to hamper the market growth.
Asia Pacific market is anticipated to provide highest business opportunities on the back of large infant population in the region.
The major players in the market are Nestle S.A., Pfizer Inc., Nature’s One, LLC, The LittleOak Company Pty Limited, Royal FrieslandCampina N.V., and others.