Global Infant Formula Market size worth US$120.303 billion by 2027

Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market “Global Infant Formula Market – which is forecasted from 2020 to 2027”.

The Global Infant Formula Market is estimated to reach a market size worth US$120.303 billion by 2027

According to the World Health Organization, more than 50 percent of pregnant moms and nursing mothers are affected by the marketing of milk formula firms and hence end up purchasing those products. As a result of medical issues affecting either the parent or the infant, the need for milk formula is growing. The growing population of infant babies is driving the expansion of this industry.

As per the report, the market about the Global Infant Formula Market is anticipated to rise at a steady pace.  

The infant mortality rate is defined by the Centers for Disease Control and Prevention as the number of baby deaths per 1,000 live births. According to the same source, the infant mortality rate in the United States in 2020 was 5.4 deaths per 1,000 live births. The effort on minimizing low birth weight through good nutrition continues to be strong. For instance, the World Health Assembly set a dietary goal of reducing the prevalence of low birth weight by 30% between 2012 and 2025. Initiatives like this will increase demand for conventional baby formula to combat hunger, correct feeding issues, and prevent the long-term repercussions of growth retardation in newborns.

Infant formula is a formula that is specifically created for infants under the age of one year. Many governments, like the Safety and Standards Agency of India (FSSAI), the World Health Organization (WHO), and others, have special rules in place to assure good product quality. Without a doubt, strict product quality rules are demanded. For example, the FSSAI established new guidelines in 2019 about infant formula standards, milk replacements for preterm newborns, and milk substitutes for infants.

The worldwide baby formula industry is expected to expand rapidly due to rising global demand for certified organic food for children below the age of five. The rising number of incidences of child malnutrition and newborns has increased the demand for baby formula. Several companies have launched products that have enhanced market sales. For instance, in March 2021, 108LABS announced the release of Colostrupedis, an animal-free newborn formula that contains cell-grown breast milk molecules created from human breast cell agriculture and is designed to extensively neutralize human-released antibodies.

Based on formula type, the global infant formula market offers cow’s milk protein-based, soy-based, and protein hydrolysate. Due to the high value of nutritional benefits and the high content of protein in addition to calcium, the majority of consumers are preferring cow’s milk protein-based infant formula.

Based on form, the global infant formula market is segmented into powdered, concentrated liquid, and ready-to-use. Several multinational firms provide newborn milk powder as an alternative to breastfeeding. Milk is evaporated using several methods, including spray drying and drum drying. The main goal of baby powder is to extend its shelf life and keep it fresher for longer.

Based on geography segmentation, the global infant formula is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. During the projected period, North American baby formula demand is predicted to expand at a constant rate. Furthermore, the United States is predicted to provide the bulk of baby formula sales in this area. The rising demand for organic infant formula has prompted huge corporations to boost production, allowing for a rise in demand across the country. The growing number of women joining the labor market, as well as the need for nutritious infant food, are driving expansion in this sector.

As a part of the report, the major players operating in the global infant formula market, that have been covered are Abbott, Nestlé S.A., Dana Dairy Group, Danone, Ausnutria Dairy Corporation Ltd., Perrigo Company plc, Else Nutrition, Biostime, Juniper Naturals, and Mead Johnson & Company, LLC.

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This analytics report segments the global infant formula on the following basis

  • By Formula Type
    • Cow’s Milk Protein-Based
    • Soy-Based
    • Protein Hydrolysate
  • By Form
    • Powdered
    • Concentrated Liquid
    • Ready-to-Use
  • By Distribution Channel
    • Offline
    • Online
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others