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Infant Formula Market Trends

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Report ID: 63
Published Date: Sep 20, 2024
Report Format: PDF, PPT

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Infant Formula Market Trends

Growth Drivers

Surge in the Total Number of Working Mothers is likely to Boost the Market Growth
Rising Cases of Diseases Which Prevent Mothers from Breastfeeding likely to Promote the Market Growth

Challenges

High Cost of Infant Formula Products is Anticipated to Restrain the Market Growth

Infant Formula Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	8.6%
Base Year Market Size (2023)	USD 46.72 billion
Forecast Year Market Size (2036)	USD 136.55 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa

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Browse Key Market Insights with Data Illustration:

Infant Formula Market Size & Share, Growth Trends 2036

Author Credits: Parul Atri

Report ID: 63
Published Date: Sep 20, 2024
Report Format: PDF, PPT

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.

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