As information about the importance of breastfeeding has spread recently, the Infant Formula and Manufacturing industry has struggled to maintain growth. As a substitute for breastmilk, demand for infant formula is directly determined by the popularity of breastfeeding. However, regardless of trends in breastfeeding, there will always be infants who cannot breastfeed for medical reasons, such as allergies. Over the next five years, while breastfeeding rates are expected to continue growing, companies are expected to adapt to this trend through supplement and nondairy products. An increase in the number of births will also drive steady demand.
This industry manufactures infant formula, a powdered substitute for breast feeding that consumers use to support adequate growth of infants.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.