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Infant Formula Market
Infant Formula Market Size, Share, Forecast, & Trends Analysis by Product Type (Infant Milk, Specialty Milk), Nature (Inorganic, Organic), Form (Powder, Ready-to-Feed), Distribution Channel (Supermarkets/Hypermarkets, Online) - Global Forecast to 2031
Report ID:MRFB - 1041261 Pages: 350 Jun-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 HoursInfant Formula Market Size & Forecast
The Infant Formula Market is expected to reach $77.09 billion by 2031, at a CAGR of 9.2% from 2024 to 2031. This market's growth can be attributed to the growing number of working women, rising consumer awareness regarding the importance of early nutrition for infants, increasing innovation in product development, and increasing disposable income. However, stringent regulations regarding infant formula, the risk of product contamination, and frequent product recalls may restrain market growth.
Moreover, growing demand for organic and plant-based products and rising investment in the research & development of novel products by key players are expected to create market growth opportunities. However, the complex registration process and promotion of breastfeeding by healthcare professionals pose a significant challenge to the market’s growth.
Additionally, human milk oligosaccharides (HMO)-based infant formula, clean-label products, and consumer preference for online channels are prominent trends in the infant formula market.
Infant Formula Market Growth Drivers
The Growing Number of Working Women Drives the Growth of Infant Formula Market
In recent years, a notable shift has been observed in the participation of women in the workforce. According to UN Women, labor force participation rates for women aged 25-54 increased from 61.4% in 2022 to 70.1% in 2023 across the globe. For instance, according to the Ministry of Labour and Employment India, the total percentage of females of working age (15 years and above) increased from 23.3% in 2018 to 32.8% in 2022, registering a surge of 9.5% between 2018 to 2022. This transformation reflects not only changes in societal structures but also the evolving needs and preferences of modern families. As more women pursue careers outside their homes, their purchasing patterns and consumption habits are reshaping the landscape of infant nutrition.
With dual-income households becoming increasingly prevalent, the demand for convenient, nutritious, and time-saving solutions for infant feeding has soared. This shift in consumer behavior has led to a significant expansion of the infant formula market, with a particular emphasis on products catering to the needs of busy, working mothers.
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Rising Consumer Awareness Regarding the Importance of Early Nutrition in Infants Boosting the Demand for Infant Formula
Parents are increasingly recognizing the significance of providing proper nutrition to their infants during the early stages of growth and development. The early years of life, especially infancy, is a critical period for brain development, immune system maturation, and overall growth. Nutrition during this time significantly impacts cognitive function, physical growth, and future health outcomes. Adequate nutrition in early childhood can help prevent malnutrition, stunted growth, and micronutrient deficiencies. As information becomes accessible and widespread, parents are becoming educated about the importance of balanced nutrition in the early stages of a child's development.
This awareness is bolstered by a growing body of scientific research underscoring the crucial role of nutrients such as DHA and ARA in brain development, as well as the importance of iron, vitamins, and minerals in overall growth and immunity. Additionally, the market is seeing innovation in the form of organic and natural ingredient-based products, catering to parents' preferences for healthier and safer options for their infants.
Infant Formula Market Growth Trend
Human Milk Oligosaccharides (HMO)-based Infant Formula
Human milk is considered the gold standard in infant nutrition as it provides ideal nourishment, supporting health, growth, and development in infants. It contains many distinct bioactive compounds that help in the development of the immune system and support the growth of beneficial microbes in the gut.
Infant formula products are a substitute for breast milk and undergo continuous innovation. Increasing knowledge regarding the science of human milk is driving the evolution of infant formula products, bringing them closer to breast milk – both in composition and function. To offer premium formulas that closely resemble breast milk in terms of functionality, key market players have started developing innovative products incorporating bio-active ingredients, including Lactoferrin, prebiotics, probiotics, Oleic-Palmitic-oleic (OPO), Human Milk Oligosaccharides (HMOs), and Omega 3 and Omega 6 fatty acids.
Technological advancements have allowed for the incorporation of HMOs in infant formulas, and research on formulas supplemented with HMOs is underway in order to understand how they may positively influence infant health. With a few HMO-based infant formulas already available on the market, this product category is expected to account for the largest number of new products launched in the coming years.
Shifting Consumer Preferences for Online Channels
Online shopping offers convenience, allowing parents to browse and purchase infant formula products from the comfort of their homes/offices, often with doorstep delivery. Online platforms offer a vast array of infant formula options, including organic, allergen-free, and specialty products. This gives consumers more choices than what may be available in traditional brick-and-mortar stores. Online channels provide easy access to product information, customer reviews, and recommendations from other parents. This helps parents make informed decisions about which infant formula products to purchase.
Many online retailers offer subscription services for baby food, allowing parents to set up recurring deliveries based on their baby's consumption needs. This feature adds convenience and ensures a consistent supply of infant formula. As online purchasing of infant formula continues to gain popularity, it's expected to drive further expansion in the infant formula market.
Infant Formula Market Growth Opportunities
Growing Demand for Organic and Plant-based Products Offers Growth Opportunities for Infant Formula Manufacturers
The increasing demand for organic and plant-based infant formula products reflects a growing trend toward healthier and more natural options for babies. Parents are becoming more conscious of what they feed their infants, seeking products that are free from synthetic additives, pesticides, and genetically modified ingredients. Organic infant formula offers assurances of quality and purity, meeting the standards set by organic certification bodies. As parents become increasingly concerned about the effects of childhood obesity, allergies, and long-term health consequences, they are looking for alternatives that are healthier and more natural for their children.
The demand for organic and plant-based infant formula is driven by a preference for natural and healthy nutrition for infants, increased awareness among consumers about the importance of health and the environment, and rising product launches in this space. For instance, in July 2022, Danone S.A. (France) launched dairy and plant-blend baby formula to meet parents’ desire for more plant-based foods. This product is suitable for vegetarian, flexitarian, and plant-based diets while meeting their baby’s specific nutritional requirements. Furthermore, in April 2022, Nestlé's (Switzerland) Gerber brand infant formula brand launched a plant-based baby food called Plant-tastic. The line includes organic toddler pouches, snacks, and bowls made with beans, whole grains, vegetables, legumes, and fruit.
Infant Formula Market Analysis: Key Findings
By Product Type: In 2024, the Infant Milk Segment to Dominate the Infant Formula Market
Based on product type, the infant formula market is segmented into infant milk, follow-on milk, and specialty milk. In 2024, the infant milk segment is expected to account for the largest share of above 53.6% of the infant formula market. The large market share of this segment can be attributed to the decreasing infant mortality rate, the only substitute for breast milk, and growing awareness about the importance of infant formula for growth and development. Infant milk is specially designed to meet the growing needs of babies under six months of age who are not breastfed or partially breastfed.
However, the follow-on milk segment is projected to witness the highest growth rate during the forecast period of 2024–2031. This segment's rapid growth is mainly attributed to the rapid growth of working women, increasing product availability, and growing awareness about the importance of baby nutrition.
By Nature: the Organic Segment is Projected to Register a Higher CAGR during the Forecast Period
Based on nature, the infant formula market is segmented into inorganic and organic. In 2024, the inorganic segment is expected to account for the largest share of the infant formula market. The large market share of this segment is mainly attributed to the high availability of products at a lower cost. However, the organic segment is projected to register a higher CAGR during the forecast period of 2024–2031. The fast growth of this segment is mainly attributed to the increasing demand for free-from products and the increasing demand for certified organic products with the rising trend of clean-label products. The trend of clean-label products is growing as consumers opt for natural products, which have fewer chemicals and additives, driving the growth of the global organic infant formula market.
By Form: in 2024, the Powder Segment to Dominate the Infant Formula Market
Based on the form, the infant formula market is segmented into powder, liquid concentrate, and ready-to-feed. In 2024, the powder segment is expected to account for the largest share of the infant formula market. The large market share of this segment is mainly attributed to ease of storage and convenience, ease of handling, and comparatively lower costs than other forms of infant formula.
By Distribution Channel: in 2024, the Supermarkets/Hypermarkets Segment to Dominate the Infant Formula Market
Based on distribution channel, the infant formula market is segmented into supermarkets/hypermarkets, pharmacies and specialty stores, convenience stores, E-commerce, and other distribution channels. In 2024, the supermarkets/hypermarkets segment is expected to account for the largest share of above 42.7% of the infant formula market. The large market share of this segment can be attributed to several factors, such as the availability of a wide variety of products under one roof, a growing number of modern groceries offering high-quality products, and consumer preference for shopping offline due to the enhanced shopping experience offered by these channels. In addition, infant formula products are strategically placed in dedicated sections within supermarkets and hypermarkets. This strategic placement ensures visibility and accessibility, making it easy for parents to locate and purchase infant formula during shopping trips.
However, the E-commerce segment is expected to witness rapid growth during the forecast period. This growth can be attributed to the advantages of providing convenience and choice to consumers, cost-effectiveness, the availability of greater discounts compared to offline stores, and the increasing penetration of the internet and smartphones. In addition, Innovative business models, such as slotted or express delivery and on-demand or subscription delivery models, being introduced by these platforms are also encouraging consumers to opt for online shopping.
Geographical Analysis
North America: Fastest-growing Regional Market
Based on geography, the infant formula market is divided into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 43.8% of the infant formula market, followed by North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific’s major market share is mainly attributed to the rising women's workforce and fast-paced lifestyle, increasing disposable income, high birth rates, expansion of retail infrastructure, increasing awareness about the importance of nutrition for infants, and declining infant mortality rate.
However, the market in the North America region is projected to register the highest CAGR during the forecast period. The growth of this regional market can be attributed to heightened awareness and availability of infant formula, growing demand for organic infant food products, strong growth in dual-income families, and increasing innovation and new product development. The region has been at the forefront of research and development in terms of launching novel yet effective and safe baby formula.
Infant Formula Market: Key Companies
The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted in the last 3 to 4 years. Some of the key players operating in the infant formula market are Nestle S.A. (Switzerland), Danone S.A. (France), Reckitt Benckiser Group PLC (U.K.), Abbott Laboratories (U.S.), The Kraft Heinz Company (U.S.), HiPP Gmbh & Co. Vertrieb KG (Germany), Perrigo Company plc (Ireland), Royal FrieslandCampina N.V. (Netherlands), Arla Foods Group (Denmark), Hain Celestial Group (U.S.), Mead Johnson Nutrition (U.S.), Beingmate Group (China), Bellamy's Organic (Australia), Synutra International, Inc. (U.S.), and Meiji Holdings Co. Ltd. (Japan).
Infant Formula Industry Overview: Latest Developments from Key Industry Players
- In December 2023, Danone S.A. (France) partnered with Else Nutrition, a Canada-based vegan infant formula manufacturer, to enter the vegan baby formula market.
- In October 2023, Nestlé S.A. (Switzerland) launched its new early-life nutrition formula, Nan Supreme Pro with Sinergity blend, a novel early-life nutrition formula. This blend integrates a probiotic along with six human milk oligosaccharides (HMOs) designed to foster tailored infant development.
- In April 2023, Danone S.A. (France) invested around USD 2 million in Wilk, an Israel-based breast milk startup, to develop cultured breast milk components for infant nutrition using cell-based technology.
- In November 2021, Abbott Laboratories (U.S.) launched the Similac 360 Total Care, an infant formula containing a blend of five different human milk oligosaccharides. This new formula provides nutrition to support the whole baby's health and development, including the immune system, digestive system, and brain.
Infant Formula Market Research Summary
|
Particulars |
Details |
|
Number of Pages |
350 |
|
Format |
|
|
Forecast Period |
2024–2031 |
|
Base Year |
2023 |
|
CAGR (Value) |
9.2% |
|
Market Size (Value) |
$77.09 Billion by 2031 |
|
Segments Covered |
By Product Type
By Nature
By Form
By Distribution Channel
|
|
Countries Covered |
North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Netherlands, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East & Africa (United Arab Emirates, South Africa, Saudi Arabia, and Rest of Middle East & Africa). |
|
Key Companies |
Nestle S.A. (Switzerland), Danone S.A. (France), Reckitt Benckiser Group PLC (U.K.), Abbott Laboratories (U.S.), The Kraft Heinz Company (U.S.), HiPP Gmbh & Co. Vertrieb KG (Germany), Perrigo Company plc (Ireland), Royal FrieslandCampina N.V. (Netherlands), Arla Foods Group (Denmark), Hain Celestial Group (U.S.), Mead Johnson Nutrition (U.S.), Beingmate Group (China), Bellamy's Organic (Australia), Synutra International, Inc. (U.S.), and Meiji Holdings Co. Ltd. (Japan). |
Key questions answered in the infant formula market report:
This market study primarily provides a detailed market assessment and valuable insights into the infant formula market segmented based on product type, nature, form, and distribution channel. This study also assesses the market at the regional and country levels.
Infant formula is intended to replace or supplement breast milk and is designed to meet the nutritional needs of babies and infants under 12 months. It is typically made from milk or soy and fortified with essential nutrients such as vitamins, minerals, and fats to mimic the nutritional composition of breast milk as closely as possible. Infant formula provides essential nourishment for infants who are not breastfed.
The infant formula market is projected to reach $77.09 billion by 2031, at a CAGR of 9.2% during the forecast period 2024–2031.
The infant milk segment is expected to hold the major share of the market in 2024.
The organic segment is projected to record a higher growth rate during the forecast period 2024–2031.
The powder segment is expected to hold the major share of the market in 2024.
The e-commerce segment is projected to record a higher growth rate during the forecast period 2024–2031.
¡ Drivers
o Growing Number of Working Women
o Rising Consumer Awareness Regarding the Importance of Early Nutrition for Infants
o Increasing Innovation in Product Development
o Increasing Disposable Income
¡ Opportunities
o Growing Demand for Organic and Plant-based Products
o Rising Investment in the Research & Development of Novel Products by the Key Players
The key players operating in the infant formula market are Nestle S.A. (Switzerland), Danone S.A. (France), Reckitt Benckiser Group PLC (U.K.), Abbott Laboratories (U.S.), The Kraft Heinz Company (U.S.), HiPP Gmbh & Co. Vertrieb KG (Germany), Perrigo Company plc (Ireland), Royal FrieslandCampina N.V. (Netherlands), Arla Foods Group (Denmark), Hain Celestial Group (U.S.), Mead Johnson Nutrition (U.S.), Beingmate Group (China), Bellamy's Organic (Australia), Synutra International, Inc. (U.S.), and Meiji Holdings Co. Ltd. (Japan).
The market in North America is projected to register the highest CAGR during the forecast period and offer significant growth opportunities for vendors operating in the market. The growth of this regional market can be attributed to heightened awareness and availability of infant formula, growing demand for organic infant food products, strong growth in dual-income families, and increasing innovation and new product development. The region has been at the forefront of research and development in terms of launching novel yet effective and safe baby formula.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection and Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Infant Formula Market Analysis, by Product Type
3.2.2. Infant Formula Market Analysis, by Nature
3.2.3. Infant Formula Market Analysis, by Form
3.2.4. Infant Formula Market Analysis, by Distribution Channel
3.3. Regional Analysis
3.4. Market Competitors & Competitive Landscape
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Growing Number of Working Women
4.2.2. Rising Consumer Awareness Regarding the Importance of Early Nutrition for Infants
4.2.3. Increasing Innovation in Product Development
4.2.4. Increasing Disposable Income
4.3. Restraints
4.3.1. Stringent Regulations Regarding Infant Formula
4.3.2 Risk of Product Contamination and Frequent Product Recall
4.4. Opportunities
4.4.1. Rising Demand for Organic and Plant-based Products
4.4.2. Rising Investment in the Research & Development of Novel Products by the Key Players
4.5. Key Trends
4.5.1. HMO-based Infant Formula
4.5.2. Clean-label Products
4.5.3. Shifting Consumer Preferences for Online Channels
4.6. Challenges
4.6.1. Complex Registration Process
4.6.2. Promotion of Breastfeeding by Healthcare Professionals
4.7. Porter’s Five Forces Analysis
4.7.1. Bargaining Power of Suppliers
4.7.2. Bargaining Power of Buyers
4.7.3. Threat of Substitutes
4.7.4. Threat of New Entrants
4.7.5. Degree of Competition
4.8. Pricing Analysis
5. Infant Formula Market Assessment—by Product Type
5.1. Overview
5.2. Infant Milk
5.3. Follow-on Milk
5.4. Specialty Milk
6. Infant Formula Market Assessment—by Nature
6.1. Overview
6.2. Inorganic
6.3. Organic
7. Infant Formula Market Assessment—by Form
7.1. Overview
7.2. Powder
7.3. Liquid Concentrate
7.4. Ready-to-Feed
8. Infant Formula Market Assessment—by Distribution Channel
8.1. Overview
8.2. Supermarkets/Hypermarkets
8.3. Pharmacies and Specialty Stores
8.4. Convenience Stores
8.5. E-commerce
8.6. Other Distribution Channels
9. Infant Formula Market Assessment—by Geography
9.1. Overview
9.2. North America
9.2.1 U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Netherlands
9.3.7. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. Australia
9.4.5. Rest of Asia-Pacific
9.5. Latin America
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Argentina
9.5.4. Rest of Latin America
9.6. Middle East & Africa
9.6.1. United Arab Emirates
9.6.2. South Africa
9.6.3. Saudi Arabia
9.6.4. Rest of Middle East & Africa
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
10.4.1. Industry Leaders
10.4.2. Market Differentiators
10.4.3. Vanguards
10.4.4. Emerging Companies
11. Company Profiles
11.1. Nestle S.A.
11.2. Danone S.A.
11.3. Reckitt Benckiser Group PLC
11.4. Abbott Laboratories
11.5. The Kraft Heinz Company
11.6. HiPP Gmbh & Co. Vertrieb KG
11.7. Perrigo Company plc
11.8. Royal FrieslandCampina N.V.
11.9. Arla Foods Group
11.10. Hain Celestial Group
11.11. Mead Johnson Nutrition
11.12. Beingmate Group
11.13. Bellamy's Organic
11.14. Synutra International, Inc.
11.15. Meiji Holdings Co. Ltd.
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Global Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 2 Global Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 3 Global Infant Milk Market, by Country/Region, 2022–2031 (USD Million)
Table 4 Global Infant Milk Market, by Country/Region, 2022–2031 (Thousand Tons)
Table 5 Global Follow-on Milk Market, by Country/Region, 2022–2031 (USD Million)
Table 6 Global Follow-on Milk Market, by Country/Region, 2022–2031 (Thousand Tons)
Table 7 Global Specialty Milk Market, by Country/Region, 2022–2031 (USD Million)
Table 8 Global Specialty Milk Market, by Country/Region, 2022–2031 (Thousand Tons)
Table 9 Global Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 10 Global Inorganic Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 11 Global Organic Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 12 Global Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 13 Global Powder Form Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 14 Global Liquid Concentrate Form Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 15 Global Ready-to-Feed Form Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 16 Global Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 17 Global Infant Formula Market for Supermarkets/Hypermarkets, by Country/Region, 2022–2031 (USD Million)
Table 18 Global Infant Formula Market for Pharmacies and Specialty Stores, by Country/Region, 2022–2031 (USD Million)
Table 19 Global Infant Formula Market for Convenience Stores, by Country/Region, 2022–2031 (USD Million)
Table 20 Global Infant Formula Market for E-commerce, by Country/Region, 2022–2031 (USD Million)
Table 21 Global Infant Formula Market for Other Distribution Channels, by Country/Region, 2022–2031 (USD Million)
Table 22 Global Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 23 Global Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 24 North America: Infant Formula Market, by Country, 2022–2031 (USD Million)
Table 25 North America: Infant Formula Market, by Country, 2022–2031 (USD Million)
Table 26 North America: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 27 North America: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 28 North America: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 29 North America: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 30 North America: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 31 U.S.: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 32 U.S.: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 33 U.S.: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 34 U.S.: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 35 U.S.: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 36 Canada: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 37 Canada: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 38 Canada: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 39 Canada: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 40 Canada: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 41 Europe: Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 42 Europe: Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 43 Europe: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 44 Europe: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 45 Europe: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 46 Europe: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 47 Europe: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 48 Germany: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 49 Germany: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 50 Germany: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 51 Germany: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 52 Germany: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 53 France: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 54 France: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 55 France: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 56 France: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 57 France: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 58 U.K.: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 59 U.K.: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 60 U.K.: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 61 U.K.: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 62 U.K.: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 63 Italy: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 64 Italy: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 65 Italy: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 66 Italy: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 67 Italy: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 68 Spain: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 69 Spain: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 70 Spain: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 71 Spain: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 72 Spain: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 73 Netherlands: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 74 Netherlands: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 75 Netherlands: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 76 Netherlands: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 77 Netherlands: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 78 Rest of Europe: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 79 Rest of Europe: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 80 Rest of Europe: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 81 Rest of Europe: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 82 Rest of Europe: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 83 Asia-Pacific: Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 84 Asia-Pacific: Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 85 Asia-Pacific: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 86 Asia-Pacific: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 87 Asia-Pacific: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 88 Asia-Pacific: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 89 Asia-Pacific: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 90 China: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 91 China: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 92 China: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 93 China: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 94 China: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 95 India: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 96 India: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 97 India: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 98 India: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 99 India: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 100 Japan: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 101 Japan: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 102 Japan: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 103 Japan: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 104 Japan: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 105 Australia: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 106 Australia: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 107 Australia: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 108 Australia: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 109 Australia: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 110 Rest of Asia-Pacific: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 111 Rest of Asia-Pacific: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 112 Rest of Asia-Pacific: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 113 Rest of Asia-Pacific: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 114 Rest of Asia-Pacific: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 115 Latin America: Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 116 Latin America: Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 117 Latin America: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 118 Latin America: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 119 Latin America: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 120 Latin America: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 121 Latin America: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 122 Brazil: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 123 Brazil: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 124 Brazil: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 125 Brazil: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 126 Brazil: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 127 Mexico: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 128 Mexico: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 129 Mexico: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 130 Mexico: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 131 Mexico: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 132 Argentina: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 133 Argentina: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 134 Argentina: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 135 Argentina: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 136 Argentina: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 137 Rest of Latin America: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 138 Rest of Latin America: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 139 Rest of Latin America: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 140 Rest of Latin America: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 141 Rest of Latin America: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 142 Middle East & Africa: Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 143 Middle East & Africa: Infant Formula Market, by Country/Region, 2022–2031 (USD Million)
Table 144 Middle East & Africa: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 145 Middle East & Africa: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 146 Middle East & Africa: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 147 Middle East & Africa: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 148 Middle East & Africa: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 149 United Arab Emirates: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 150 United Arab Emirates: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 151 United Arab Emirates: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 152 United Arab Emirates: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 153 United Arab Emirates: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 154 South Africa: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 155 South Africa: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 156 South Africa: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 157 South Africa: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 158 South Africa: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 159 Saudi Arabia: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 160 Saudi Arabia: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 161 Saudi Arabia: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 162 Saudi Arabia: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 163 Saudi Arabia: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 164 Rest of Middle East & Africa: Infant Formula Market, by Product Type, 2022–2031 (USD Million)
Table 165 Rest of Middle East & Africa: Infant Formula Market, by Product Type, 2022–2031 (Thousand Tons)
Table 166 Rest of Middle East & Africa: Infant Formula Market, by Nature, 2022–2031 (USD Million)
Table 167 Rest of Middle East & Africa: Infant Formula Market, by Form, 2022–2031 (USD Million)
Table 168 Rest of Middle East & Africa: Infant Formula Market, by Distribution Channel, 2022–2031 (USD Million)
Table 169 Total Number of Recent Developments, by Company (2021–2024)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-side & Demand-side)
Figure 6 Market Size Estimation
Figure 7 In 2024, the Infant Milk Segment is Expected to Account for the Largest Share of the Infant Formula Market
Figure 8 Organic Segment is Projected to Witness Significant Growth in the Market During 2024–2031
Figure 9 In 2024, the Powder Segment is Expected to Account for the Largest Share of the Infant Formula Market
Figure 10 E-commerce Segment is Projected to Witness Significant Growth in the Market During 2024–2031
Figure 11 North America to be the Fastest-growing Regional Market
Figure 12 Factors Affecting Market Growth
Figure 13 Global Infant Formula Market, by Product Type, 2024 Vs. 2031 (USD Million)
Figure 14 Global Infant Formula Market, by Product Type, 2024 Vs. 2031 (Thousand Tons)
Figure 15 Global Infant Formula Market, by Nature, 2024 Vs. 2031 (USD Million)
Figure 16 Global Infant Formula Market, by Form, 2024 Vs. 2031 (USD Million)
Figure 17 Global Infant Formula Market, by Distribution Channel, 2024 Vs. 2031 (USD Million)
Figure 18 Global Infant Formula Market, by Region, 2024 Vs. 2031 (USD Million)
Figure 19 Global Infant Formula Market, by Region, 2024 Vs. 2031 (Thousand Tons)
Figure 20 North America: Infant Formula Market Snapshot (2024)
Figure 21 Europe: Infant Formula Market Snapshot (2024)
Figure 22 Asia-Pacific: Infant Formula Market Snapshot (2024)
Figure 23 Latin America: Infant Formula Market Snapshot (2024)
Figure 24 Middle East & Africa: Infant Formula Market Snapshot (2024)
Figure 25 Key Growth Strategies Adopted by Leading Players, 2021–2024
Figure 26 Infant Formula Market: Competitive Benchmarking of Key Players, by Product Type
Figure 27 Nestle S.A.: Financial Overview (2023)
Figure 28 Danone S.A.: Financial Overview (2023)
Figure 29 Reckitt Benckiser Group PLC: Financial Overview (2023)
Figure 30 Abbott Laboratories: Financial Overview (2023)
Figure 31 The Kraft Heinz Company: Financial Overview (2023)
Figure 32 HiPP Gmbh & Co. Vertrieb KG: Financial Overview (2022)
Figure 33 Perrigo Company plc: Financial Overview (2023)
Figure 34 Royal FrieslandCampina N.V.: Financial Overview (2023)
Figure 35 Arla Foods Group: Financial Overview (2023)
Figure 36 Hain Celestial Group: Financial Overview (2023)
Figure 37 Mead Johnson Nutrition (U.S.): Financial Overview (2023)
Figure 38 Meiji Holdings Co. Ltd.: Financial Overview (2023)
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