Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 70.98 Billion | USD 153.26 Billion | 10.10% | 2022 |
FrequentlyAsked Questions
Infant formula is also known as baby formula or infant milk. It is a manufactured or man-made nutrition-driven food product that intends to provide the same nutrients to an infant as that of human milk.
The global infant formula market is expected to benefit from the increasing number of parents choosing to adopt babies.
According to study, the global infant formula market size was worth around USD 70.98 billion in 2022 and is predicted to grow to around USD 153.26 billion by 2030.
The CAGR value of the infant formula market is expected to be around 10.10% during 2023-2030.
The global infant formula market is expected to witness the highest growth in North America with the US leading with hold over the largest part of the regional market share.
The global infant formula market is led by players like Danone, Nestlé, Reckitt Benckiser, The Kraft Heinz Company, Abbott Laboratories, Pfizer, Mead Johnson Nutrition, Ausnutria Dairy Corporation Ltd., FrieslandCampina, Bellamy's Organic, Beingmate Group, HIPP, Hain Celestial Group, Meiji Holdings Co., Ltd., and Synutra International.
The report explores crucial aspects of the infant formula market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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