Global Infant Formula Milk Powder Market Size, Share, Trends & Growth Forecast Report - Segmented By Type (Cow Milk-based, Soy-based, Organic, Hypoallergenic, Others) By Product, Distribution Channel, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Industry Analysis 2025 to 2033

Updated On: June, 2024
ID: 4707
Pages: 185

Global Infant Formula Milk Powder Market Size

The global Infant Formula Milk Powder market size was valued at USD 40.62 billion in 2024, and the global market size is expected to reach USD 44.33 billion in 2025 to USD 89.18 billion by 2033, and growing at a CAGR of 9.13%.

The global infant baby formula milk market size is expected to reach USD 89.18 billion by 2033

Infant baby formula comprises different supplements, for example, sugars, fats, proteins, nutrients, minerals, and others (linoleic corrosive, prebiotics, and others), that is taken care of babies for their general development. Even though doctors prescribe selective breastfeeding for babies under half a year, babies can utilize formula as another option, as it comprises a comparable nutrient composition. The increase in the female working population outside the home is the crucial factor that drives the market. In addition, changes in the way of life, an increase in the middle-class population, development in discretionary cash flow in rising economies, for example, India, China, and Indonesia, and an increase in awareness about high dietary substances in infant baby formula push the market development. Be that as it may, concerns identified with sanitation and a decrease in the worldwide birth rate may hamper this development.

Infant Formula Milk Powder powder is a nourishment made and marketed for taking care of children and babies, usually prepared for bottle-feeding care of or cup-taking care of from milk powder (blended with water). The U.S. Government Food, Drug, and Cosmetic Act (FFDCA) characterizes infant baby formula as "nourishment which is intended to be or is spoken to for extraordinary dietary used exclusively as nourishment for babies because it recreates human milk or its appropriateness as a total or incomplete substitute for human milk". Milk Powder formulated is likewise for grown-ups or the higher age group. Infant formula milk powder is made by disintegrating the fluid substance from milk. It is a perplexing blend of sugars, iron, nutrients, and proteins, and is fabricated under exceptionally sterile conditions.

It substitutes for breast milk, and it covers the entire age length from 0-3 years. Further, newborn child recipe milk powder includes sustained supplements, alongside benefits like solace, simple to gauge, and others. Given the distribution channel, the disconnected channel section dominated the market, attributable to an increase in the portion of grocery stores. General stores empower customers to genuinely look at the item's quality and permit them to collaborate with the vendor. As far as applications, the children in the first stage fragment saw critical development in 2018, as infants right now are increasingly subject to their mothers' milk, yet because of some ailments, they are denied it. Subsequently, they are given baby formula milk powpowderwhich is equipped to provide the necessary supplements, for example, proteins, nutrients, lactose, and fats to babies. Attributable to these components, there is a demand sought after for baby formula milk powder among the main stage (0- 6 months) babies.

Moms who are not in a condition to take care of milk for their children can utilize baby milk powder, which provides the most significant advantages to their infants. In any case, infant formula milk powder is lacking in the significant antibodies provided by breast milk that help babies fight against different bacterial infections. What's more, infant formula milk powder items are typically costly and can never replace a mother's milk, which hinders the global baby formula milk powder market. Formula milk powder downstream is suitable for 1-3-year-old infants, grown-up students, pregnant ladies, the elderly, and their children.) National approach and media presentation may constrain some brand advancement. When a specific brand of milk powder has uncovered quality issues, it will get a fatal deal of sway. Along these lines, it appears that the formula milk powder market is continually evolving.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2024 to 2033

Base Year

2024

Forecast Period

2025 to 2033

CAGR

9.13%

Segments Covered

By Product, Type, Distribution Channel, & region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Mead Johnson, Nestle, Danone, Abbott, Frieslandcampine, Heinz, Bellamy, Topfer, Hipp, Perrigo

 

REGIONAL ANALYSIS

Europe is the second-biggest locale insightful market with a 21.46% worldwide utilization share. Asia-Pacific is expected to be the most elevated income contributor to the global infant formula milk powder market, inferable to the presence of a vast population under the somewhere in age of 0 4 years. Development in female interest in labor power, expanded discretionary cash flow, occupied way of life, and particular requirements of living in nations, for example, China, India, Indonesia, Philippines, and South Korea, helps the Infant Formula Milk Powder powder market to develop.

Europe is the second-biggest locale insightful market with a 21.46% worldwide utilization share

China is foreseen to overwhelm the infant baby formula market, as far of both income and volume, representing increasingly 66% of the market in the Asia-Pacific region in 2023. Brazil is the most prominent patron in the LAMEA infant formula milk powder market, attributable to the presence of high disposable income among the purchasers and the enormous number of working women in Brazil. According to the World Bank, 42.9% of women have absolute work power in Brazil. Then again, Saudi Arabia is expected to be the second fastest-growing nation in the LAMEA region, because of the high birth rate and high discretionary cash flow of the shoppers.

KEY MARKET PLAYERS

Key Players In Infant Formula Milk Powder Market are Mead Johnson, Nestle, Danone, Abbott, Frieslandcampine, Heinz, Bellamy, Topfer, Hipp, Perrigo                      

RECENT HAPPENINGS IN THE MARKET

  • Infant baby milk was evaluated to represent the most elevated piece of the pie, inferable from the increase in the doctor's recommendation to use baby milk as a substitute to breastfeeding, as it is a reliable and nutritious choice, alongside better accommodation. Iron-rich baby milk forestalls frailty. Different infant child milk is enhanced with probiotics, which help to prevent runs, ease colic, and lower the risk of food hypersensitivities.

  • The hypermarket sales channel created the most noteworthy income and would keep up its strength during the estimated time frame. However, the drug store/clinical store is expected to develop at the most remarkable CAGR of 10.6%

MARKET SEGMENTATION     

This research report on the global infant formula milk powder market has been segmented and sub-segmented based on type, product, distribution channel, & region.      

By Type

  • Cow Milk-based
  • Soy-based
  • Organic
  • Hypoallergenic
  • Others

By Product

  • Whole Milk Powder
  • Semi-Skimmed Milk Powder
  • Skimmed Milk Powder

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Store
  • Department Store
  • Online Retailers
  • Pharmacy/Drugstore
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

1. What is the projected size of the global infant formula market by 2033?

The global infant formula market is expected to reach USD 89.18 billion by 2033

2. What are some key trends in the infant formula market?

Trends include organic and animal-free formulas, eco-friendly packaging, and increasing adoption of specialty formulas designed for specific dietary needs.

3. Who are some major players in the Global Infant Formula Market?

Leading companies include Nestlé SA, Danone, Abbott Nutrition, Mead Johnson Nutrition, and FrieslandCampina.

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