Infant Formula Market
Description
Global infant formula market is estimated to be valued at USD 89.98 Bn in 2025, exhibiting a compound annual growth rate (CAGR) of 10.5% from 2025 to 2032. Global infant formula market has been witnessing steady growth in the recent past few years. Infant formula refers to formulas manufactured for feeding babies and infants under 12 months of age. It is usually prepared for bottle-feeding or cup-feeding from powder (mixed with water) or liquid (ready-to-feed). It primarily composes of cow's milk that has been modified and supplemented with additional nutrients including vitamins, minerals and other ingredients. Various factors such as growing preference for packaged food, rising women workforce participation rate, increasing health awareness regarding infant nutrition and demand for organic/all-natural products are expected to drive the market growth.
Market Dynamics
Global infant formula market growth is driven by rising working women population across both developed and developing nations. Rising demand for convenience foods due to increasing number of dual-income households has boosted the sales of packaged infant formula. Moreover, growing awareness among parents about the importance of essential nutrients in healthy baby development is driving the market growth. Increasing per capita disposable incomes in emerging economies has increased affordability of premium infant nutrition products. Furthermore, rising demand for goat milk formula and organic/all-natural variants generate opportunities for the market players.
Key Features of the Study
Market Dynamics
Global infant formula market growth is driven by rising working women population across both developed and developing nations. Rising demand for convenience foods due to increasing number of dual-income households has boosted the sales of packaged infant formula. Moreover, growing awareness among parents about the importance of essential nutrients in healthy baby development is driving the market growth. Increasing per capita disposable incomes in emerging economies has increased affordability of premium infant nutrition products. Furthermore, rising demand for goat milk formula and organic/all-natural variants generate opportunities for the market players.
Key Features of the Study
- This report provides in-depth analysis of the global infant formula market, and provides market size (USD Bn & KT) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global infant formula market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Kendamil USA, Nestle, USA, Arla Foods, Bobbie, Dana Dairy Group, Danone S.A., Abbott Nutrition, Mead Johnson Nutrition, The Kraft Heinz Company, Meiji Holdings Co. Ltd., Synutra International Inc., Pfizer Inc., Friesland Campina, Bubs Organic, LLC., Perrigo Company plc, Bellamy's Organic., Glanbia plc, Reckitt Benckiser Group PLC., and PT Kalbe Farma Tbk.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global infant formula market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global infant formula market.
- Ingredient Insights (Revenue, USD Bn & KT, 2020 - 2032)
- Cow’s milk based
- Soy Based
- Hypoallergenic
- Others (Lactose free, Goat’s milk, etc.)
- Form Insights (Revenue, USD Bn & KT, 2020 - 2032)
- Powder forms
- Liquid concentrate forms
- Ready-to-feed forms
- Distribution Channel Insights (Revenue, USD Bn & KT, 2020 - 2032)
- Supermarkets and Hypermarkets
- Convenience stores
- Online
- Others (Specialty stores, etc.)
- Regional Insights (Revenue, USD Bn & KT, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- Israel
- Rest of Middle East & Africa
- Key Players Insights
- Kendamil USA
- Nestle, USA
- Arla Foods
- Bobbie
- Dana Dairy Group
- Danone S.A.
- Abbott Nutrition
- Mead Johnson Nutrition
- The Kraft Heinz Company
- Meiji Holdings Co. Ltd.
- Synutra International Inc.
- Pfizer Inc.
- Friesland Campina
- Bubs Organic, LLC.
- Perrigo Company plc
- Bellamy's Organic
- Glanbia plc
- Reckitt Benckiser Group PLC.
- PT Kalbe Farma Tbk
Table of Contents
136 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Ingredient
- Market Snippet, By Form
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- 4. Global Infant Formula Market, By Ingredient, 2020-2032, (USD Bn & KT)
- Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
- Cow’s milk based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- Soy Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- Hypoallergenic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- Others (Lactose free, Goat’s milk, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- 5. Global Infant Formula Market, By Form, 2020-2032, (USD Bn & KT)
- Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
- Powder forms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- Liquid concentrate forms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- Ready-to-feed forms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- 6. Global Infant Formula Market, By Distribution Channel, 2020-2032, (USD Bn & KT)
- Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
- Supermarkets and Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- Convenience stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- Online
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- Others (Specialty stores, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn & KT)
- Segment Trends
- 7. Global Infant Formula Market, By Region, 2020-2032, (USD Bn & KT)
- Introduction
- Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2032
- North America
- Introduction
- Market Size and Forecast, By Ingredient, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Form, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Distribution Channel, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn & KT)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Ingredient, 2020 – 2032, (USD Bn & KT))
- Market Size and Forecast, By Form, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Distribution Channel, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn & KT)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Ingredient, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Form, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Distribution Channel, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn & KT)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Ingredient, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Form, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Distribution Channel, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn & KT)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Ingredient, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Form, 2020 - 2032 (USD Bn & KT)
- Market Size and Forecast, By Distribution Channel, 2020 – 2032, (USD Bn & KT)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn & KT)
- GCC Countries
- Israel
- Rest of Middle East & Africa
- 8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Kendamil USA
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Nestle, USA
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Arla Foods
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Bobbie
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Dana Dairy Group
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Danone S.A.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Abbott Nutrition
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Mead Johnson Nutrition
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- The Kraft Heinz Company
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Meiji Holdings Co. Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Synutra International Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Pfizer Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Friesland Campina
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Bubs Organic, LLC.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Perrigo Company plc
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Bellamy's Organic.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Glanbia plc
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Reckitt Benckiser Group PLC.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- PT Kalbe Farma Tbk
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- 9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. Section
- References
- Research Methodology
- About Us and Sales Contact
Pricing
Currency Rates
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