Infant Formula Market Analysis

The global infant formula market is segmented by form, ingredients, type, distribution channel, and by end-users. On the basis of form, the market is segmented into powdered, concentrated and ready-to-feed, out of which, the powdered segment is estimated to garner the maximum share in the market throughout the forecast period, on the back of its easy availability and lower cost. Moreover, it is convenient to use and carry and can be easily stored, making it ideal for travelling. On the basis of end-user, the 00 to 06-month old segment is projected to garner the highest revenue over the forecast period. The tendency among parents to be extra-precautious for the baby’s health in the first six months, and growing prevalence of diseases among mothers, which prevent them from breastfeeding, accounts for the dominance of this segment.

Our in-depth analysis of the global market includes the following segments:

Form	Powdered Concentrated Ready-to-Feed
Ingredients	Cow milk-based Goat milk-based Soy-based Hypoallergenic Others
Type	First Infant Formula Follow-on Formula Growing-up Formula Specialty Formula
Distribution Channel	Online Offline Medical Stores Supermarkets Others
End-Users	00 to 06 months old 06 to 12 months old 12 to 24 months old

Frequently Asked Questions (FAQ)

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., Natureâ€™s One, LLC, The LittleOak Company Pty Limited, Royal FrieslandCampina N.V., and others.

Infant Formula Market Analysis