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)