Infant Formula Market by Type (Infant Milk, Follow-on-Milk, Others), by Distribution Channel (Hypermarkets/ Supermarkets, Pharmacy/ Medical Stores, Specialty Stores, Others), by By Type (Infant Milk, Follow-On-Milk, Others), by Europe (Germany, France, Italy, Spain, U.K., Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East & Africa (South Africa, Saudi Arabia, Rest of the Middle East & Africa) Forecast 2024-2032
The Infant Formula Market size was valued at USD 73.83 USD Billion in 2023 and is projected to reach USD 146.46 USD Billion by 2032, exhibiting a CAGR of 10.28 % during the forecast period. Infant formula is a processed food meant for feeding babies and infants who are below 12 months of age, taking the place of or used alongside breast milk. The types of infant formula are cow’s milk-based, soy-based, hydrolyzed, and those containing proteins that fit the special needs of premature or allergy-sensitive babies. Specific characteristics of the product include, a natural and healthy formula which is easy to digest, and even contains vitamins as well as minerals such as iron and DHA to assist in the development of the brain. Use extends from strict use as a sole food source for their young ones to being used as a complementary food source where there is inadequate breast milk or breastfeeding cannot take place. The advantages of manufactured food are that it’s standardized and always supplies the appropriate nutrients, it may be easier for working parents, and is available for mothers with certain medical conditions or nursing problems.
Type
Distribution Channel
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.28% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.28% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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