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Infant Formula Market By Product Type (Cow’s Milk-based Formula, Soy-based Formula, Hydrolyzed Protein Formula, Specialized Formula, Organic and Natural Formula); By Age Group (0-6 Months Formula, 6-12 Months Formula, 12-24 Months Formula); By Packaging Type (Powdered Formula, Liquid Concentrate Formula, Ready-to-Feed Formula); By Distribution Channel (Supermarkets and Hypermarkets, Pharmacy and Drugstores, Online Retail, Specialty Baby Stores); By Brand Type (Global Brands, Local and Regional Brands, Premium Brands, Store Brands/Private Labels); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 7899 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Infant Formula Market Size 2023  USD 65212.5 Million
Infant Formula Market, CAGR  10.80%
Infant Formula Market Size 2032  USD 164130.27 Million

Market Insights

  • The global market for infant formula is expected to grow from its estimated USD 65212.5 million in 2023 to USD 164130.27 million in 2032 at a compound annual growth rate (CAGR) of 10.80% between 2024 and 2032.
  • The largest category is cow’s milk-based formula. On the other hand, soy-based formula is expected to grow at a strong CAGR.
  • The leading age group segment is 0-6 months formula.
  • The CAGR for powdered formula is expected to be the highest during the projection period.
  • The supermarkets and hypermarkets will probably have the highest CAGR throughout the prediction period.
  • The global brands are estimated to have the greatest CAGR during the forecast period.
  • North America dominated the infant formula market.
  • Regarding the market share of infant formula, Europe is expected to come second.
  • In the infant formula market, Asia Pacific is anticipated to grow fastest.
  • The use of infant formula is closely linked to rising birth rates, the number of working mothers, nutritional concerns, and an increase in allergies and lactose intolerance.
  • The growing interest in plant-based and non-dairy formulas, growing demand for organic and natural infant formula, and highlighting the health benefits of infant formula are all contributing factors to the infant formula industry’s potential.

Infant Formula Market

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Executive Summary

Market Definition

The infant formula market is the commercial production, distribution, and sale of specialized food products intended to meet the nutritional needs of infants who are not breastfed or partially breastfed. Formulas for infants are scientifically designed to closely resemble the composition of human breast milk, offering vital nutrients like proteins, fats, carbohydrates, vitamins, and minerals vital for a baby’s healthy growth and development.

Market Overview

The infant formula sector is estimated to develop at a 10.80% compound annual growth rate (CAGR) between 2024 and 2032, maintaining its current upward trend. The market will keep developing, rising from its estimated value of USD 65212.5 million in 2023 to USD 164130.27 million in 2032.

The market for infant formula is significantly impacted by several reasons other than the expanding population and increasing birth rates. The number of newborns and infants rises with the world’s population growth. This is directly associated with increased demand for baby formula products, which act as a supplement or substitute for breast milk. Dietary habits and a preference for convenience goods are frequently altered by urbanization and contemporary lifestyles. Parents may use infant formula as a convenient and time-saving substitute for breastfeeding in urban areas where work schedules or lifestyle choices may make it more difficult.

The adoption of formula feeding has increased due to growing knowledge about infant nutrition and the health advantages of particular formula products. Parental decisions are influenced by educational initiatives run by healthcare providers and formula manufacturers. Advancement and specialization in formulas that address particular health needs of infants are the result of continuous development and research in infant nutrition. Consumer confidence and market expansion are fostered by this innovation. Baby formula is becoming more widely available in developing nations as markets grow. The availability and consumption of infant formula are rising due partly to improved distribution networks and marketing strategies. The market demand for baby formula is also impacted by societal norms that are evolving about breastfeeding and formula feeding.

Segmentation by Product Type

  • Cow’s milk-based formula is the market leader by product type. Cow’s milk, as the name implies, is the primary ingredient in formulas based on cow’s milk. To make it more baby-friendly, this milk has been altered, though. The protein and fat content of cow’s milk are changed to make it easier for babies to digest and more closely resemble breast milk.
  • The soy-based formula category will exhibit a sizable CAGR during the projected period. Formulas made with soy give babies the vital nutrients they need to grow and develop. To satisfy the dietary needs of newborns, they usually include a well-balanced combination of carbohydrates, proteins, fats, vitamins, and minerals.
  • Other product types, including hydrolyzed protein formula, specialized formula, and organic and natural formula, additionally support the need for infant formula.

Segmentation by Age Group

  • The main age group is 0-6 months formula. The 0–6 months formula is designed to satisfy the dietary requirements of very young babies, keeping in mind their quick development and growth in the first six months of life. These formulas provide vital nutrients like proteins, fats, carbs, vitamins, and minerals and are made to closely resemble the composition of breast milk.
  • The 6-12 months formula category will likely register a significant CAGR during forecasting. Some parents switch to follow-on formula when their infants start solid foods with breast milk or formula after the first six months. This formula is designed to support a baby’s growth during the weaning process by adding extra nutrients to a mixed diet.
  • Other age groups, such as 12-24 months formula, also contribute to the demand for infant formula.

Segmentation by Packaging Type

  • It is projected that over the projection period, the category of powdered formula will grow at the fastest rate. The powdered formula is easy to transport and store. Compared to ready-to-feed liquid formulas, it has a longer shelf life, so parents can store a supply on hand without worrying
  • that it doesn’t go well.
  • Other packaging types, including liquid concentrate formula and ready-to-feed formula, also influence the need for infant formula.

Segmentation by Distribution Channel

  • The supermarkets and hypermarkets category will likely have the highest CAGR during the projection period. Various infant formula products from different brands are usually available in supermarkets and hypermarkets. Because of this variety, customers can select products according to their preferences, including price, brand reputation, or particular nutritional content.
  • Other distribution channels, such as pharmacies and drugstores, online retail, and specialty baby stores, also contribute to the demand for infant formula.

Segmentation by Brand Type

  • Global brands will be expected to have the foremost CAGR during the prediction period. Global brands can reach a wide range of consumers because they are well-established in many nations and areas. They frequently modify their products to comply with legal specifications and cultural norms in various markets.
  • Other brand types, such as local and regional brands, premium brands, and store brands/private labels, also contribute to the demand for infant formula.

Segmentation by Region

  • The infant formula market is dominated by North America. This is due to the growing demand for baby food and the number of working women in North America.
  • Europe is estimated to rank second in market size for infant formula.
  • Asia Pacific will witness the most rapid growth in the infant formula market.
  • The remaining requirement for infant formula is covered by regions of the world such as Africa, the Middle East, and Latin America.

Some drivers boosting the market’s development are an increasing amount of professional women, increasing attention on the well-being of babies, and increasing preferences for organic baby food.

Regarding forecasting, North America is likely to dominate the infant formula market. The standard of living is comparatively high in North America, where a sizable segment of the populace has disposable income. This enables parents to purchase specialty and high-end baby formulas. In the area, people lead fast-paced lives, and many parents work hard at their jobs. Because formula feeding is a practical and time-saving substitute for breastfeeding, its use has increased.

Throughout the forecast, the infant formula market in Asia-Pacific is anticipated to expand fastest. The value additions that infant formula offers, as well as the ease with which these products can be fed and nutritionally tracked, are becoming more and more apparent to consumers in the Asia-Pacific. Large-scale industry developments, like introducing new products, the growth of distribution networks, and increased investment, are possible in this region.

In addition, high birth rates in nations like Australia, Japan, and others contribute to the Asia Pacific region’s demand for baby formula. For example, the United Nations Population Fund states that China and India are the two most populous nations, accounting for about 4.3 billion people or 60% of the world’s total population. Additionally, according to World Bank data, the average birth rate worldwide in 2023 was 18.7 births per 1000 people, while the average birth rates in Australia, China, Japan, India, and China were 18.7, 15.2, 8, and 12 births per 1000 people, respectively.

Key Highlights of the Report

The global infant formula market is segmented by product type, age group, packaging type, distribution channel, brand type, and region. As far as the product type is concerned, cow’s milk-based formula is the market spearhead. The 0-6 months formula is the top age group segment. The powdered formula category is anticipated to increase at the highest CAGR throughout the projection period. The supermarkets and hypermarkets will experience the highest CAGR during the forecast period. The infant formula market is expanding mostly in North America.

The market for infant formula is influenced by several variables, such as alterations in lifestyle, societal norms, and health issues that could restrict or prohibit breastfeeding. Nursing is sometimes difficult or impossible due to medical conditions, which can greatly increase the market for baby formula. Here are a few situations where medical conditions may make breastfeeding unfeasible, increasing the need for baby formula. Several maternal health conditions, including HIV/AIDS, active tuberculosis, some types of cancer, and severe psychiatric disorders, may make breastfeeding inappropriate because of the potential for infection transmission or medication side effects in the unborn child.

North America is expected to account for the largest portion of the infant formula market globally. Administered by organizations like Health Canada and the Food and Drug Administration (FDA) in the US, the infant formula market in North America falls under strict regulations. These regulations improve consumer confidence by guaranteeing the quality and safety of infant formula products. The Asia Pacific region is also assumed to have the market’s sharpest growth. Standards and regulations have been put in place by governments throughout the Asia-Pacific area to guarantee the quality and safety of infant formula products. Customers now have more trust in this, which has helped the industry flourish.

Which Key Factors Are Driving The Global Infant Formula Market?

Growth in online sales and e-commerce platforms, growing awareness of infants’ nutritional needs, and growing awareness of breastfeeding difficulties are all driving the infant formula market.

What Are The Main Challenges Confronting The Infant Formula Market Globally?

The infant formula industry faces several challenges in its expansion, such as mounting worries about the nutritional sufficiency of formula compared to breast milk, cultural preferences that favor breastfeeding over formula, and government and non-governmental organization programs that support it.

What Market Opportunities Exist For Infant Formula Globally?

The rising demand for organic and natural infant formula options, tailored formula solutions based on each baby’s needs, and the expansion of online sales platforms for infant formula are all factors in the growing appeal of infant formula.

Market Drivers

Multiple factors propel the infant formula industry across the globe. The primary factors propelling the global infant formula market are as follows:

Growing Understanding of the Significance of Early Nutrition

Infants have special nutritional needs, and research has shown that good nutrition from an early age can help with several health issues, such as healthy growth, cognitive development, immune system support, and the avoidance of certain diseases. More and more parents are realizing how important early nutrition is in laying the groundwork for a child’s long-term health. Busy schedules, two-income households, and little time for breastfeeding are common features of contemporary lifestyles. Because infant formula is a convenient and nutritionally balanced substitute for breast milk, many parents use it to ensure their babies get the vital nutrients they require. Significant progress in research and development has been made in the infant formula industry, resulting in formulas that closely resemble the nutritional makeup of breast milk. Manufacturers are using cutting-edge components and recipes. A greater consciousness has resulted from increased efforts by governments, organizations, and healthcare professionals to inform parents about the importance of early nutrition. Consumer behavior has changed as a result, with parents actively looking for premium infant formula products that meet their babies’ nutritional needs. Companies that produce infant formula constantly invest in R&D to develop cutting-edge goods that meet particular dietary needs. Effective marketing techniques that emphasize the advantages of these formulas also help to raise consumer demand and awareness.

Market Restraints

There are several obstacles that the global infant formula market must overcome to continue growing. Among them are the following:

Strict Guidelines and Safety Apprehensions Concerning Novel Products

Around the world, governments and health organizations have put in place stringent laws regulating the manufacturing and distribution of baby formula. These rules are in place to ensure that products are safe for infant consumption and meet certain nutritional requirements. If these rules are broken, there may be financial penalties, and product recalls, among other legal repercussions. The infant formula sector is subject to stringent quality control regulations. Manufacturers must carry out comprehensive testing procedures to guarantee that their products are devoid of contaminants, pathogens, and other detrimental materials. This entails routine testing of the raw materials, manufacturing procedures, and finished goods. The market is constrained by the potentially high costs of these quality control procedures. It is difficult for new players to enter the infant formula market because of the strict regulatory environment. Entry barriers are created by the requirement to follow set protocols, carry out comprehensive testing, and invest in quality control measures, which reduces the number of businesses that can compete in the market.

Opportunities

There are plenty of potential prospects in the global infant formula industry. Among these are the following:

Growing Popularity of Plant-Based and Dairy-Free Formula Substitutes

Traditional dairy-based infant formulas are becoming less common, and many parents are looking for healthier options. Formulas made of plants are frequently thought to be healthier, particularly for young children who have dairy sensitivities or allergies. The demand for non-dairy alternatives has surged due to growing awareness of lactose intolerance and cow’s milk protein allergies in infants. Parents seeking solutions for these issues can consider plant-based formulas, such as those derived from soy, almond, or pea protein. Many consumers are looking for more environmentally friendly options due to worries about the effects of traditional dairy farming methods, such as deforestation, greenhouse gas emissions, and water usage. Due to the possibility of reduced resource requirements during production, plant-based formulas are frequently thought to have a smaller environmental impact. Plant-based formulas have been developed with the goal of more closely replicating the nutritional profile of breast milk, thanks to advancements in food technology. These recipes are made to supply vital nutrients—like protein, fats, vitamins, and minerals—that are necessary for a baby’s development. Plant-based diets and nondairy alternatives have gained more popularity thanks to marketing campaigns, educational initiatives, and health professionals’ endorsements. This has helped to change how consumers view and accept plant-based baby formulas.

Competitive Landscape

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Key Players

There are several major competitors in the fiercely competitive global infant formula market. The following are a few of the leading market participants and their market shares:

  • Abbott Laboratories
  • Baby Gourmet Foods Inc.
  • Bellamy’s Australia Limited
  • Danone SA
  • Royal FrieslandCampina NV
  • Reckitt Benckiser (Mead Johnson)
  • Nestlé SA
  • Perrigo Company PLC
  • Parent’s Choice Infant Formula
  • The Kraft Heinz Company
  • Meiji Holdings
  • Synutra International Inc.
  • Dana Dairy Group Ltd
  • Others

These companies prioritize product innovation, brand-type expansion, mergers, and acquisitions to remain competitive.

The largest suppliers in the global infant formula market continuously work to keep one step beyond the competition by developing innovative concepts and products.

In May 2023, As the nation continues to struggle with a formula shortage, Danone North America announced the launch of the new hypoallergenic baby formula brand Pepticate in the United States to support families with food allergies. The extensively hydrolyzed, hypoallergenic baby formula Pepticate is made in Europe and is intended to help infants 0 to 12 months old with symptoms of cow milk allergy (CMA).

In April 2023, The French dairy giant Danone SA’s corporate venture arm, Danone Manifesto Ventures, invested about USD 2 million in Israeli cell-based breast milk startup Wilk. The goal of this investment was to use cell-based technology to develop cultured breast milk components for infant nutrition/formula.

Summary of Key Findings

  • Continuous research and development might result in the creation of novel infant formula uses, which supports market expansion.
  • The market is segmented by product type, age group, packaging type, distribution channel, brand type, and region.
  • The most often used product category in the market is a formula made from cow’s milk.
  • The 0-6 months formula is the foremost age group category.
  • Regarding CAGR, supermarkets and hypermarkets are expected to grow fastest during the forecast period.
  • The category for powdered formula will likely see the highest CAGR during the anticipated time frame.
  • North America is leading market development; the market is highly competitive with key players including Abbott Laboratories, Baby Gourmet Foods Inc., Bellamy’s Australia Limited, Danone SA, Royal Friesl and Campina NV, Reckitt Benckiser (Mead Johnson), Nestlé SA, Perrigo Company PLC, Parent’s Choice Infant Formula, The Kraft Heinz Company, Meiji Holdings, Synutra International Inc., Dana Dairy Group Ltd, and Others.

Future Outlook

  • The infant formula industry is expected to increase significantly in North America and has a positive outlook worldwide.
  • With the investment in powdered formula, infant formula is getting increasingly popular.
  • A worldwide trend toward higher breastfeeding rates is one of the key factors predicted to constrain the growth of the infant formula market during the forecast timeframe.
  • To stay ahead of the competition, key enterprises must develop new products, expand their market reach, and keep their prices competitive.

How CXOs Can Benefit from the Credence Research Infant Formula Market Report

CXOs may get a detailed picture of the market in the Credence Research Infant Formula Market Report, which includes:

  • Market size and growth forecast: The report provides detailed estimates of the global infant formula market size, segmented by product type, age group, packaging type, distribution channel, brand type, and region. It also includes forecasts for the market through 2032 based on key trends and drivers.
  • Market segmentation: The research report breaks down the market for infant formula into segments based on the product type, age group, packaging type, distribution channel, brand type, and region. This segmentation provides CXOs with a granular understanding of the market and the opportunities in each segment.
  • Competitive landscape: The research report offers a detailed analysis of the major companies in the infant formula industry, including information on their business plans, line of products, and earnings. CXOs can use this information to evaluate and identify their competitors.
  • Key trends and drivers: The research report identifies and evaluates the main trends and factors influencing the market for infant formula. CXOs can use this information to make well-informed choices regarding their plans and investments.

CXOs can use the insights from the Credence Research Infant Formula Market Report to:

  • Identify growth opportunities: With the help of this analysis, CXOs may identify new growth opportunities in the infant formula sector. For example, the report identifies the growing demand for infant formula from the standard infant nutrition sector as a key opportunity.
  • Make informed investment decisions: With the help of the report, CXOs can choose infant formula wisely. For example, the research study provides information on the critical factors to consider while selecting infant formula solutions and evaluating infant formula suppliers.
  • Develop competitive strategies: The research report can be used by CXOs to develop competitive strategies for their infant formula businesses. For example, the research paper outlines the main strategies suppliers of infant formula utilize to differentiate themselves from competitors.
  • Track market developments: CXOs may stay ahead of the curve by tracking market developments with the aid of this research report. For instance, the research report offers insights into the most recent developments and trends in the market for infant formula.

In general, CXOs seeking to expand their industry knowledge and spot growth prospects will find the Credence Research Infant Formula Market Report a useful tool.

Segmentation

By Product Type

  • Cow’s Milk-based Formula
  • Soy-based Formula
  • Hydrolyzed Protein Formula
  • Specialized Formula
  • Organic and Natural Formula

By Age Group

  • 0-6 Months Formula
  • 6-12 Months Formula
  • 12-24 Months Formula

By Packaging Type

  • Powdered Formula
  • Liquid Concentrate Formula
  • Ready-to-Feed Formula

By Distribution Channel

  • Supermarkets and Hypermarkets
  • Pharmacy and Drugstores
  • Online Retail
  • Specialty Baby Stores

By Brand Type

  • Global Brands
  • Local and Regional Brands
  • Premium Brands
  • Store Brands/Private Labels

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Market Introduction
2. Executive Summary
2.1. Market Snapshot: Global Infant Formula Market
2.1.1. Global Infant Formula Market, By Product Type
2.1.2. Global Infant Formula Market, By Age Group
2.1.3. Global Infant Formula Market, By Packaging Type
2.1.4. Global Infant Formula Market, By Distribution Channel
2.1.5. Global Infant Formula Market, By Brand Type
2.1.6. Global Infant Formula Market, By Region
2.2. Insights from Primary Respondents
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Infant Formula Market Value, 2019-2032, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Infant Formula Market Drivers
3.2.2. Infant Formula Market Restraints
3.2.3. Infant Formula Market Opportunities
3.2.4. Major Infant Formula Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Product Type
3.5.2. Age Group
3.5.3. Packaging Type
3.5.4. Distribution Channel
3.5.5. Brand Type
3.5.6. Geography
4. Market Competitive Landscape Analysis
4.1. Company Market Share Analysis, 2023
4.1.1. Global Infant Formula Market: Company Market Share, Value 2023
4.1.2. Global Infant Formula Market: Top 6 Company Market Share, Value 2023
4.1.3. Global Infant Formula Market: Top 3 Company Market Share, Value 2023
4.2. Global Infant Formula Market: Company Revenue Share Analysis, 2023
4.3. Company Assessment Metrics, 2023
4.3.1. Stars
4.3.2. Emerging Leaders
4.3.3. Pervasive Players
4.3.4. Participants
4.4. Startups/ SMEs Assessment Metrics, 2023
4.4.1. Progressive Companies
4.4.2. Responsive Companies
4.4.3. Dynamic Companies
4.4.4. Starting Blocks
4.5. Strategic Development
4.5.1. Acquisition and Mergers
4.5.2. New Product Launch
4.5.3. Regional Expansion
4.5.4. Partnerships
4.6. Key Player Product Matrix
4.7. Potential for New Players in the Global Infant Formula Market
5. Premium Insights
5.1. STAR (Situation, Task, Action, Results) Analysis
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Bargaining Power of Buyers/Consumers
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of Substitute Product Types
5.2.5. Intensity of Competitive Rivalry
5.3. PESTEL Analysis
5.3.1. Political Factors
5.3.2. Economic Factors
5.3.3. Social Factors
5.3.4. Technological Factors
5.3.5. Environmental Factors
5.3.6. Legal Factors
5.4. Key Brand Type
5.4.1. Demand Side Trends
5.4.2. Supply Side Trends
5.5. Value Chain Analysis
5.6. Technology Analysis
5.6.1. Research and development in the global market
5.6.2. Patent Analysis
5.6.3. Emerging technologies and their potential disruption to the market
5.7. Consumer Behaviour Analysis
5.7.1. Consumer Preferences and Expectations
5.7.2. Factors Influencing Consumer Buying Decisions
5.7.2.1. North America
5.7.2.2. Europe
5.7.2.3. Asia Pacific
5.7.2.4. Latin America
5.7.2.5. Middle East and Africa
5.7.3. Consumer Pain Points
5.8. Analysis and Recommendations
5.9. Adjacent Market Analysis
6. Market Positioning of Key Players, 2023
6.1. Company market share of key players, 2023
6.2. Competitive Benchmarking
6.3. Market Positioning of Key Vendors
6.4. Geographical Presence Analysis
6.5. Major Strategies Adopted by Key Players
6.5.1. Key Strategies Analysis
6.5.2. Mergers and Acquisitions
6.5.3. Partnerships
6.5.4. Product Launch
6.5.5. Geographical Expansion
6.5.6. Others
7. Impact Analysis of COVID 19 and Russia – Ukraine War on Infant Formula Market
7.1. Ukraine-Russia War Impact
7.1.1. Uncertainty and Economic Instability
7.1.2. Supply chain disruptions
7.1.3. Regional market shifts
7.1.4. Shift in government priorities
7.2. COVID-19 Impact Analysis
7.2.1. Supply Chain Disruptions
7.2.2. Demand Fluctuations
7.2.3. Shift in Product Mix
7.2.4. Reduced Industrial Activity
7.2.5. Regional Impact Analysis
7.2.5.1. North America
7.2.5.2. Europe
7.2.5.3. Asia Pacific
7.2.5.4. Latin America
7.2.5.5. Middle East and Africa
8. Global Infant Formula Market, By Product Type
8.1. Global Infant Formula Market Overview, by Product Type
8.1.1. Global Infant Formula Market Revenue Share, By Product Type, 2023 Vs 2032 (in %)
8.2. Cow’s Milk-based Formula
8.2.1. Global Infant Formula Market, By Cow’s Milk-based Formula, By Region, 2019-2032 (US$ Mn)
8.2.2. Market Dynamics for Cow’s Milk-based Formula
8.2.2.1. Drivers
8.2.2.2. Restraints
8.2.2.3. Opportunities
8.2.2.4. Trends
8.3. Soy-based Formula
8.3.1. Global Infant Formula Market, By Soy-based Formula, By Region, 2019-2032 (US$ Mn)
8.3.2. Market Dynamics for Soy-based Formula
8.3.2.1. Drivers
8.3.2.2. Restraints
8.3.2.3. Opportunities
8.3.2.4. Trends
8.4. Hydrolyzed Protein Formula
8.4.1. Global Infant Formula Market, By Hydrolyzed Protein Formula, By Region, 2019-2032 (US$ Mn)
8.4.2. Market Dynamics for Hydrolyzed Protein Formula
8.4.2.1. Drivers
8.4.2.2. Restraints
8.4.2.3. Opportunities
8.4.2.4. Trends
8.5. Specialized Formula
8.5.1. Global Infant Formula Market, By Specialized Formula, By Region, 2019-2032 (US$ Mn)
8.5.2. Market Dynamics for Specialized Formula
8.5.2.1. Drivers
8.5.2.2. Restraints
8.5.2.3. Opportunities
8.5.2.4. Trends
8.6. Organic and Natural Formula
8.6.1. Global Infant Formula Market, By Organic and Natural Formula, By Region, 2019-2032 (US$ Mn)
8.6.2. Market Dynamics for Organic and Natural Formula
8.6.2.1. Drivers
8.6.2.2. Restraints
8.6.2.3. Opportunities
8.6.2.4. Trends
9. Global Infant Formula Market, By Age Group
9.1. Global Infant Formula Market Overview, by Age Group
9.1.1. Global Infant Formula Market Revenue Share, By Age Group, 2023 Vs 2032 (in %)
9.2. 0-6 Months Formula
9.2.1. Global Infant Formula Market, By 0-6 Months Formula, By Region, 2019-2032 (US$ Mn)
9.2.2. Market Dynamics for 0-6 Months Formula
9.2.2.1. Drivers
9.2.2.2. Restraints
9.2.2.3. Opportunities
9.2.2.4. Trends
9.3. 6-12 Months Formula
9.3.1. Global Infant Formula Market, By 6-12 Months Formula, By Region, 2019-2032 (US$ Mn)
9.3.2. Market Dynamics for 6-12 Months Formula
9.3.2.1. Drivers
9.3.2.2. Restraints
9.3.2.3. Opportunities
9.3.2.4. Trends
9.4. 12-24 Months Formula
9.4.1. Global Infant Formula Market, By 12-24 Months Formula, By Region, 2019-2032 (US$ Mn)
9.4.2. Market Dynamics for 12-24 Months Formula
9.4.2.1. Drivers
9.4.2.2. Restraints
9.4.2.3. Opportunities
9.4.2.4. Trends
10. Global Infant Formula Market, By Packaging Type
10.1. Global Infant Formula Market Overview, by Packaging Type
10.1.1. Global Infant Formula Market Revenue Share, By Packaging Type, 2023 Vs 2032 (in %)
10.2. Powdered Formula
10.2.1. Global Infant Formula Market, By Powdered Formula, By Region, 2019-2032 (US$ Mn)
10.2.2. Market Dynamics for Powdered Formula
10.2.2.1. Drivers
10.2.2.2. Restraints
10.2.2.3. Opportunities
10.2.2.4. Trends
10.3. Liquid Concentrate Formula
10.3.1. Global Infant Formula Market, By Liquid Concentrate Formula, By Region, 2019-2032 (US$ Mn)
10.3.2. Market Dynamics for Liquid Concentrate Formula
10.3.2.1. Drivers
10.3.2.2. Restraints
10.3.2.3. Opportunities
10.3.2.4. Trends
10.4. Ready-to-Feed Formula
10.4.1. Global Infant Formula Market, By Ready-to-Feed Formula, By Region, 2019-2032 (US$ Mn)
10.4.2. Market Dynamics for Ready-to-Feed Formula
10.4.2.1. Drivers
10.4.2.2. Restraints
10.4.2.3. Opportunities
10.4.2.4. Trends
11. Global Infant Formula Market, By Distribution Channel
11.1. Global Infant Formula Market Overview, by Distribution Channel
11.1.1. Global Infant Formula Market Revenue Share, By Distribution Channel, 2023 Vs 2032 (in %)
11.2. Supermarkets and Hypermarkets
11.2.1. Global Infant Formula Market, By Supermarkets and Hypermarkets, By Region, 2019-2032 (US$ Mn)
11.2.2. Market Dynamics for Supermarkets and Hypermarkets
11.2.2.1. Drivers
11.2.2.2. Restraints
11.2.2.3. Opportunities
11.2.2.4. Trends
11.3. Pharmacy and Drugstores
11.3.1. Global Infant Formula Market, By Pharmacy and Drugstores, By Region, 2019-2032 (US$ Mn)
11.3.2. Market Dynamics for Pharmacy and Drugstores
11.3.2.1. Drivers
11.3.2.2. Restraints
11.3.2.3. Opportunities
11.3.2.4. Trends
11.4. Online Retail
11.4.1. Global Infant Formula Market, By Online Retail, By Region, 2019-2032 (US$ Mn)
11.4.2. Market Dynamics for Online Retail
11.4.2.1. Drivers
11.4.2.2. Restraints
11.4.2.3. Opportunities
11.4.2.4. Trends
11.5. Specialty Baby Stores
11.5.1. Global Infant Formula Market, By Specialty Baby Stores, By Region, 2019-2032 (US$ Mn)
11.5.2. Market Dynamics for Specialty Baby Stores
11.5.2.1. Drivers
11.5.2.2. Restraints
11.5.2.3. Opportunities
11.5.2.4. Trends
12. Global Infant Formula Market, By Brand Type
12.1. Global Infant Formula Market Overview, by Brand Type
12.1.1. Global Infant Formula Market Revenue Share, By Brand Type, 2023 Vs 2032 (in %)
12.2. Global Brands
12.2.1. Global Infant Formula Market, By Global Brands, By Region, 2019-2032 (US$ Mn)
12.2.2. Market Dynamics for Global Brands
12.2.2.1. Drivers
12.2.2.2. Restraints
12.2.2.3. Opportunities
12.2.2.4. Trends
12.3. Local and Regional Brands
12.3.1. Global Infant Formula Market, By Local and Regional Brands, By Region, 2019-2032 (US$ Mn)
12.3.2. Market Dynamics for Local and Regional Brands
12.3.2.1. Drivers
12.3.2.2. Restraints
12.3.2.3. Opportunities
12.3.2.4. Trends
12.4. Premium Brands
12.4.1. Global Infant Formula Market, By Premium Brands, By Region, 2019-2032 (US$ Mn)
12.4.2. Market Dynamics for Premium Brands
12.4.2.1. Drivers
12.4.2.2. Restraints
12.4.2.3. Opportunities
12.4.2.4. Trends
12.5. Store Brands/Private Labels
12.5.1. Global Infant Formula Market, By Store Brands/Private Labels, By Region, 2019-2032 (US$ Mn)
12.5.2. Market Dynamics for Store Brands/Private Labels
12.5.2.1. Drivers
12.5.2.2. Restraints
12.5.2.3. Opportunities
12.5.2.4. Trends
13. Global Infant Formula Market, By Region
13.1. Global Infant Formula Market Overview, by Region
13.1.1. Global Infant Formula Market, By Region, 2023 Vs 2032 (in%)
13.2. Product Type
13.2.1. Global Infant Formula Market, By Product Type, 2019-2032 (US$ Mn)
13.3. Age Group
13.3.1. Global Infant Formula Market, By Age Group, 2019-2032 (US$ Mn)
13.4. Packaging Type
13.4.1. Global Infant Formula Market, By Packaging Type, 2019-2032 (US$ Mn)
13.5. Distribution Channel
13.5.1. Global Infant Formula Market, By Distribution Channel, 2019-2032 (US$ Mn)
13.6. Brand Type
13.6.1. Global Infant Formula Market, By Brand Type, 2019-2032 (US$ Mn)
14. North America Infant Formula Market Analysis
14.1. Overview
14.1.1. Market Dynamics for North America
14.1.1.1. Drivers
14.1.1.2. Restraints
14.1.1.3. Opportunities
14.1.1.4. Trends
14.2. North America Infant Formula Market, by Product Type, 2019-2032 (US$ Mn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. North America Infant Formula Market, by Age Group, 2019-2032 (US$ Mn)
14.3.1. Overview
14.3.2. SRC Analysis
14.4. North America Infant Formula Market, by Packaging Type, 2019-2032 (US$ Mn)
14.4.1. Overview
14.4.2. SRC Analysis
14.5. North America Infant Formula Market, by Distribution Channel, 2019-2032(US$ Mn)
14.5.1. Overview
14.5.2. SRC Analysis
14.6. North America Infant Formula Market, by Brand Type, 2019-2032(US$ Mn)
14.6.1. Overview
14.6.2. SRC Analysis
14.7. North America Infant Formula Market, by Country, 2019-2032 (US$ Mn)
14.7.1. North America Infant Formula Market, by Country, 2023 Vs 2032 (in%)
14.7.2. U.S.
14.7.3. Canada
14.7.4. Mexico
15. Europe Infant Formula Market Analysis
15.1. Overview
15.1.1. Market Dynamics for Europe
15.1.1.1. Drivers
15.1.1.2. Restraints
15.1.1.3. Opportunities
15.1.1.4. Trends
15.2. Europe Infant Formula Market, by Product Type, 2019-2032(US$ Mn)
15.2.1. Overview
15.2.2. SRC Analysis
15.3. Europe Infant Formula Market, by Age Group, 2019-2032(US$ Mn)
15.3.1. Overview
15.3.2. SRC Analysis
15.4. Europe Infant Formula Market, by Packaging Type, 2019-2032(US$ Mn)
15.4.1. Overview
15.4.2. SRC Analysis
15.5. Europe Infant Formula Market, by Distribution Channel, 2019-2032(US$ Mn)
15.5.1. Overview
15.5.2. SRC Analysis
15.6. Europe Infant Formula Market, by Brand Type, 2019-2032(US$ Mn)
15.6.1. Overview
15.6.2. SRC Analysis
15.7. Europe Infant Formula Market, by Country, 2019-2032 (US$ Mn)
15.7.1. Europe Infant Formula Market, by Country, 2023 Vs 2032 (in%)
15.7.2. UK
15.7.3. France
15.7.4. Germany
15.7.5. Italy
15.7.6. Spain
15.7.7. Benelux
15.7.8. Russia
15.7.9. Rest of Europe
16. Asia Pacific Infant Formula Market Analysis
16.1. Overview
16.1.1. Market Dynamics for Asia Pacific
16.1.1.1. Drivers
16.1.1.2. Restraints
16.1.1.3. Opportunities
16.1.1.4. Trends
16.2. Asia Pacific Infant Formula Market, by Product Type, 2019-2032(US$ Mn)
16.2.1. Overview
16.2.2. SRC Analysis
16.3. Asia Pacific Infant Formula Market, by Age Group, 2019-2032(US$ Mn)
16.3.1. Overview
16.3.2. SRC Analysis
16.4. Asia Pacific Infant Formula Market, by Packaging Type, 2019-2032(US$ Mn)
16.4.1. Overview
16.4.2. SRC Analysis
16.5. Asia Pacific Infant Formula Market, by Distribution Channel, 2019-2032(US$ Mn)
16.5.1. Overview
16.5.2. SRC Analysis
16.6. Asia Pacific Infant Formula Market, by Brand Type, 2019-2032(US$ Mn)
16.6.1. Overview
16.6.2. SRC Analysis
16.7. Asia Pacific Infant Formula Market, by Country, 2019-2032 (US$ Mn)
16.7.1. Asia Pacific Infant Formula Market, by Country, 2023 Vs 2032 (in%)
16.7.2. China
16.7.3. Japan
16.7.4. India
16.7.5. South Korea
16.7.6. South East Asia
16.7.7. Rest of Asia Pacific
17. Latin America Infant Formula Market Analysis
17.1. Overview
17.1.1. Market Dynamics for Latin America
17.1.1.1. Drivers
17.1.1.2. Restraints
17.1.1.3. Opportunities
17.1.1.4. Trends
17.2. Latin America Infant Formula Market, by Product Type, 2019-2032(US$ Mn)
17.2.1. Overview
17.2.2. SRC Analysis
17.3. Latin America Infant Formula Market, by Age Group, 2019-2032(US$ Mn)
17.3.1. Overview
17.3.2. SRC Analysis
17.4. Latin America Infant Formula Market, by Packaging Type, 2019-2032(US$ Mn)
17.4.1. Overview
17.4.2. SRC Analysis
17.5. Latin America Infant Formula Market, by Distribution Channel, 2019-2032(US$ Mn)
17.5.1. Overview
17.5.2. SRC Analysis
17.6. Latin America Infant Formula Market, by Brand Type, 2019-2032(US$ Mn)
17.6.1. Overview
17.6.2. SRC Analysis
17.7. Latin America Infant Formula Market, by Country, 2019-2032 (US$ Mn)
17.7.1. Latin America Infant Formula Market, by Country, 2023 Vs 2032 (in%)
17.7.2. Brazil
17.7.3. Argentina
17.7.4. Rest of Latin America
18. Middle East Infant Formula Market Analysis
18.1. Overview
18.1.1. Market Dynamics for Middle East
18.1.1.1. Drivers
18.1.1.2. Restraints
18.1.1.3. Opportunities
18.1.1.4. Trends
18.2. Middle East Infant Formula Market, by Product Type, 2019-2032(US$ Mn)
18.2.1. Overview
18.2.2. SRC Analysis
18.3. Middle East Infant Formula Market, by Age Group, 2019-2032(US$ Mn)
18.3.1. Overview
18.3.2. SRC Analysis
18.4. Middle East Infant Formula Market, by Packaging Type, 2019-2032(US$ Mn)
18.4.1. Overview
18.4.2. SRC Analysis
18.5. Middle East Infant Formula Market, by Distribution Channel, 2019-2032(US$ Mn)
18.5.1. Overview
18.5.2. SRC Analysis
18.6. Middle East Infant Formula Market, by Brand Type, 2019-2032(US$ Mn)
18.6.1. Overview
18.6.2. SRC Analysis
18.7. Middle East Infant Formula Market, by Country, 2019-2032 (US$ Mn)
18.7.1. Middle East Infant Formula Market, by Country, 2023 Vs 2032 (in%)
18.7.2. UAE
18.7.3. Saudi Arabia
18.7.4. Rest of Middle East
19. Africa Infant Formula Market Analysis
19.1. Overview
19.1.1. Market Dynamics for Africa
19.1.1.1. Drivers
19.1.1.2. Restraints
19.1.1.3. Opportunities
19.1.1.4. Trends
19.2. Africa Infant Formula Market, by Product Type, 2019-2032(US$ Mn)
19.2.1. Overview
19.2.2. SRC Analysis
19.3. Africa Infant Formula Market, by Age Group, 2019-2032(US$ Mn)
19.3.1. Overview
19.3.2. SRC Analysis
19.4. Africa Infant Formula Market, by Packaging Type, 2019-2032(US$ Mn)
19.4.1. Overview
19.4.2. SRC Analysis
19.5. Africa Infant Formula Market, by Distribution Channel, 2019-2032(US$ Mn)
19.5.1. Overview
19.5.2. SRC Analysis
19.6. Africa Infant Formula Market, by Brand Type, 2019-2032(US$ Mn)
19.6.1. Overview
19.6.2. SRC Analysis
19.7. Africa Infant Formula Market, by Country, 2019-2032 (US$ Mn)
19.7.1. Africa Infant Formula Market, by Country, 2023 Vs 2032 (in%)
19.7.2. South Africa
19.7.3. Egypt
19.7.4. Rest of Africa
20. Company profiles
20.1. Abbott Laboratories
20.1.1. Company Overview
20.1.2. Products/Services Portfolio
20.1.3. Geographical Presence
20.1.4. SWOT Analysis
20.1.5. Financial Summary
20.1.5.1. Market Revenue and Net Profit (2019-2023)
20.1.5.2. Business Segment Revenue Analysis
20.1.5.3. Geographical Revenue Analysis
20.2. Baby Gourmet Foods Inc.
20.3. Bellamy’s Australia Limited
20.4. Danone SA
20.5. Royal FrieslandCampina NV
20.6. Reckitt Benckiser (Mead Johnson)
20.7. Nestlé SA
20.8. Perrigo Company PLC
20.9. Parent’s Choice Infant Formula
20.10. The Kraft Heinz Company
20.11. Meiji Holdings
20.12. Synutra International Inc.
20.13. Dana Dairy Group Ltd
20.14. Others
21. Research Methodology
21.1. Research Methodology
21.2. Phase I – Secondary Research
21.3. Phase II – Data Modelling
21.3.1. Company Share Analysis Model
21.3.2. Revenue Based Modelling
21.4. Phase III – Primary Research
21.5. Research Limitations
21.5.1. Assumptions

List of Figures
FIG. 1 Global Infant Formula Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Infant Formula Market Segmentation
FIG. 4 Global Infant Formula Market, by Product Type, 2023 (US$ Mn)
FIG. 5 Global Infant Formula Market, by Age Group, 2023 (US$ Mn)
FIG. 6 Global Infant Formula Market, by Packaging Type, 2023 (US$ Mn)
FIG. 7 Global Infant Formula Market, by Distribution Channel, 2023 (US$ Mn)
FIG. 8 Global Infant Formula Market, by Brand Type, 2023 (US$ Mn)
FIG. 9 Global Infant Formula Market, by Geography, 2023 (US$ Mn)
FIG. 10 Attractive Investment Proposition, by Product Type, 2023
FIG. 11 Attractive Investment Proposition, by Age Group, 2023
FIG. 12 Attractive Investment Proposition, by Packaging Type, 2023
FIG. 13 Attractive Investment Proposition, by Distribution Channel, 2023
FIG. 14 Attractive Investment Proposition, by Brand Type, 2023
FIG. 15 Attractive Investment Proposition, by Geography, 2023
FIG. 16 Global Market Share Analysis of Key Infant Formula Market Manufacturers, 2023
FIG. 17 Global Market Positioning of Key Infant Formula Market Manufacturers, 2023
FIG. 18 Global Infant Formula Market Value Contribution, By Product Type, 2023 & 2032 (Value %)
FIG. 19 Global Infant Formula Market, by Cow’s Milk-based Formula, Value, 2019-2032 (US$ Mn)
FIG. 20 Global Infant Formula Market, by Soy-based Formula, Value, 2019-2032 (US$ Mn)
FIG. 21 Global Infant Formula Market, by Hydrolyzed Protein Formula, Value, 2019-2032 (US$ Mn)
FIG. 22 Global Infant Formula Market, by Specialized Formula, Value, 2019-2032 (US$ Mn)
FIG. 23 Global Infant Formula Market, by Organic and Natural Formula, Value, 2019-2032 (US$ Mn)
FIG. 24 Global Infant Formula Market Value Contribution, By Age Group, 2023 & 2032 (Value %)
FIG. 25 Global Infant Formula Market, by 0-6 Months Formula, Value, 2019-2032 (US$ Mn)
FIG. 26 Global Infant Formula Market, by 6-12 Months Formula, Value, 2019-2032 (US$ Mn)
FIG. 27 Global Infant Formula Market, by 12-24 Months Formula, Value, 2019-2032 (US$ Mn)
FIG. 28 Global Infant Formula Market Value Contribution, By Packaging Type, 2023 & 2032 (Value %)
FIG. 29 Global Infant Formula Market, by Powdered Formula, Value, 2019-2032 (US$ Mn)
FIG. 30 Global Infant Formula Market, by Liquid Concentrate Formula, Value, 2019-2032 (US$ Mn)
FIG. 31 Global Infant Formula Market, by Ready-to-Feed Formula, Value, 2019-2032 (US$ Mn)
FIG. 32 Global Infant Formula Market Value Contribution, By Distribution Channel, 2023 & 2032 (Value %)
FIG. 33 Global Infant Formula Market, by Supermarkets and Hypermarkets, Value, 2019-2032 (US$ Mn)
FIG. 34 Global Infant Formula Market, by Pharmacy and Drugstores, Value, 2019-2032 (US$ Mn)
FIG. 35 Global Infant Formula Market, by Online Retail, Value, 2019-2032 (US$ Mn)
FIG. 36 Global Infant Formula Market, by Specialty Baby Stores, Value, 2019-2032 (US$ Mn)
FIG. 37 Global Infant Formula Market Value Contribution, By Brand Type, 2023 & 2032 (Value %)
FIG. 38 Global Infant Formula Market, by Global Brands, Value, 2019-2032 (US$ Mn)
FIG. 39 Global Infant Formula Market, by Local and Regional Brands, Value, 2019-2032 (US$ Mn)
FIG. 40 Global Infant Formula Market, by Premium Brands, Value, 2019-2032 (US$ Mn)
FIG. 41 Global Infant Formula Market, by Store Brands/Private Labels, Value, 2019-2032 (US$ Mn)
FIG. 42 North America Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 43 U.S. Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 44 Canada Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 45 Mexico Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 46 Europe Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 47 Germany Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 48 France Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 49 U.K. Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 50 Italy Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 51 Spain Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 52 Benelux Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 53 Russia Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 54 Rest of Europe Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 55 Asia Pacific Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 56 China Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 57 Japan Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 58 India Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 59 South Korea Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 60 South-East Asia Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 61 Rest of Asia Pacific Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 62 Latin America Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 63 Brazil Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 64 Argentina Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 65 Rest of Latin America Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 66 Middle East Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 67 UAE Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 68 Saudi Arabia Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 69 Rest of Middle East Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 70 Africa Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 71 South Africa Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 72 Egypt Infant Formula Market, 2019-2032 (US$ Mn)
FIG. 73 Rest of Africa Infant Formula Market, 2019-2032 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: Global Infant Formula Market
TABLE 2 Global Infant Formula Market: Market Drivers Impact Analysis
TABLE 3 Global Infant Formula Market: Market Restraints Impact Analysis
TABLE 4 Global Infant Formula Market, by Competitive Benchmarking, 2023
TABLE 5 Global Infant Formula Market, by Geographical Presence Analysis, 2023
TABLE 6 Global Infant Formula Market, by Key Strategies Analysis, 2023
TABLE 7 Global Infant Formula Market, by Cow’s Milk-based Formula, By Region, 2019-2023 (US$ Mn)
TABLE 8 Global Infant Formula Market, by Cow’s Milk-based Formula, By Region, 2024-2032 (US$ Mn)
TABLE 9 Global Infant Formula Market, by Soy-based Formula, By Region, 2019-2023 (US$ Mn)
TABLE 10 Global Infant Formula Market, by Soy-based Formula, By Region, 2024-2032 (US$ Mn)
TABLE 11 Global Infant Formula Market, by Hydrolyzed Protein Formula, By Region, 2019-2023 (US$ Mn)
TABLE 12 Global Infant Formula Market, by Hydrolyzed Protein Formula, By Region, 2024-2032 (US$ Mn)
TABLE 13 Global Infant Formula Market, by Specialized Formula, By Region, 2019-2023 (US$ Mn)
TABLE 14 Global Infant Formula Market, by Specialized Formula, By Region, 2024-2032 (US$ Mn)
TABLE 15 Global Infant Formula Market, by Organic and Natural Formula, By Region, 2019-2023 (US$ Mn)
TABLE 16 Global Infant Formula Market, by Organic and Natural Formula, By Region, 2024-2032 (US$ Mn)
TABLE 17 Global Infant Formula Market, by 0-6 Months Formula, By Region, 2019-2023 (US$ Mn)
TABLE 18 Global Infant Formula Market, by 0-6 Months Formula, By Region, 2024-2032 (US$ Mn)
TABLE 19 Global Infant Formula Market, by 6-12 Months Formula, By Region, 2019-2023 (US$ Mn)
TABLE 20 Global Infant Formula Market, by 6-12 Months Formula, By Region, 2024-2032 (US$ Mn)
TABLE 21 Global Infant Formula Market, by 12-24 Months Formula, By Region, 2019-2023 (US$ Mn)
TABLE 22 Global Infant Formula Market, by 12-24 Months Formula, By Region, 2024-2032 (US$ Mn)
TABLE 23 Global Infant Formula Market, by Powdered Formula, By Region, 2019-2023 (US$ Mn)
TABLE 24 Global Infant Formula Market, by Powdered Formula, By Region, 2024-2032 (US$ Mn)
TABLE 25 Global Infant Formula Market, by Liquid Concentrate Formula, By Region, 2019-2023 (US$ Mn)
TABLE 26 Global Infant Formula Market, by Liquid Concentrate Formula, By Region, 2024-2032 (US$ Mn)
TABLE 27 Global Infant Formula Market, by Ready-to-Feed Formula, By Region, 2019-2023 (US$ Mn)
TABLE 28 Global Infant Formula Market, by Ready-to-Feed Formula, By Region, 2024-2032 (US$ Mn)
TABLE 29 Global Infant Formula Market, by Supermarkets and Hypermarkets, By Region, 2019-2023 (US$ Mn)
TABLE 30 Global Infant Formula Market, by Supermarkets and Hypermarkets, By Region, 2024-2032 (US$ Mn)
TABLE 31 Global Infant Formula Market, by Pharmacy and Drugstores, By Region, 2019-2023 (US$ Mn)
TABLE 32 Global Infant Formula Market, by Pharmacy and Drugstores, By Region, 2024-2032 (US$ Mn)
TABLE 33 Global Infant Formula Market, by Online Retail, By Region, 2019-2023 (US$ Mn)
TABLE 34 Global Infant Formula Market, by Online Retail, By Region, 2024-2032 (US$ Mn)
TABLE 35 Global Infant Formula Market, by Specialty Baby Stores, By Region, 2019-2023 (US$ Mn)
TABLE 36 Global Infant Formula Market, by Specialty Baby Stores, By Region, 2024-2032 (US$ Mn)
TABLE 37 Global Infant Formula Market, by Global Brands, By Region, 2019-2023 (US$ Mn)
TABLE 38 Global Infant Formula Market, by Global Brands, By Region, 2024-2032 (US$ Mn)
TABLE 39 Global Infant Formula Market, by Local and Regional Brands, By Region, 2019-2023 (US$ Mn)
TABLE 40 Global Infant Formula Market, by Local and Regional Brands, By Region, 2024-2032 (US$ Mn)
TABLE 41 Global Infant Formula Market, by Premium Brands, By Region, 2019-2023 (US$ Mn)
TABLE 42 Global Infant Formula Market, by Premium Brands, By Region, 2024-2032 (US$ Mn)
TABLE 43 Global Infant Formula Market, by Store Brands/Private Labels, By Region, 2019-2023 (US$ Mn)
TABLE 44 Global Infant Formula Market, by Store Brands/Private Labels, By Region, 2024-2032 (US$ Mn)
TABLE 45 Global Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 46 Global Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 47 Global Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 48 Global Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 49 Global Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 50 Global Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 51 Global Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 52 Global Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 53 Global Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 54 Global Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 55 Global Infant Formula Market, by Region, 2019-2023 (US$ Mn)
TABLE 56 Global Infant Formula Market, by Region, 2024-2032 (US$ Mn)
TABLE 57 North America Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 58 North America Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 59 North America Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 60 North America Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 61 North America Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 62 North America Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 63 North America Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 64 North America Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 65 North America Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 66 North America Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 67 North America Infant Formula Market, by Country, 2019-2023 (US$ Mn)
TABLE 68 North America Infant Formula Market, by Country, 2024-2032 (US$ Mn)
TABLE 69 United States Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 70 United States Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 71 United States Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 72 United States Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 73 United States Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 74 United States Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 75 United States Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 76 United States Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 77 United States Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 78 United States Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 79 Canada Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 80 Canada Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 81 Canada Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 82 Canada Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 83 Canada Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 84 Canada Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 85 Canada Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 86 Canada Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 87 Canada Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 88 Canada Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 89 Mexico Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 90 Mexico Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 91 Mexico Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 92 Mexico Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 93 Mexico Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 94 Mexico Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 95 Mexico Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 96 Mexico Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 97 Mexico Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 98 Mexico Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 99 Europe Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 100 Europe Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 101 Europe Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 102 Europe Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 103 Europe Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 104 Europe Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 105 Europe Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 106 Europe Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 107 Europe Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 108 Europe Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 109 Europe Infant Formula Market, by Country, 2019-2023 (US$ Mn)
TABLE 110 Europe Infant Formula Market, by Country, 2024-2032 (US$ Mn)
TABLE 111 Germany Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 112 Germany Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 113 Germany Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 114 Germany Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 115 Germany Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 116 Germany Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 117 Germany Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 118 Germany Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 119 Germany Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 120 Germany Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 121 France Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 122 France Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 123 France Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 124 France Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 125 France Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 126 France Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 127 France Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 128 France Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 129 France Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 130 France Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 131 United Kingdom Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 132 United Kingdom Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 133 United Kingdom Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 134 United Kingdom Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 135 United Kingdom Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 136 United Kingdom Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 137 United Kingdom Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 138 United Kingdom Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 139 United Kingdom Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 140 United Kingdom Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 141 Italy Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 142 Italy Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 143 Italy Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 144 Italy Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 145 Italy Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 146 Italy Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 147 Italy Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 148 Italy Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 149 Italy Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 150 Italy Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 151 Spain Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 152 Spain Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 153 Spain Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 154 Spain Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 155 Spain Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 156 Spain Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 157 Spain Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 158 Spain Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 159 Spain Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 160 Spain Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 161 Benelux Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 162 Benelux Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 163 Benelux Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 164 Benelux Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 165 Benelux Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 166 Benelux Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 167 Benelux Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 168 Benelux Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 169 Benelux Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 170 Benelux Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 171 Russia Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 172 Russia Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 173 Russia Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 174 Russia Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 175 Russia Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 176 Russia Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 177 Russia Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 178 Russia Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 179 Russia Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 180 Russia Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 181 Rest of Europe Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 182 Rest of Europe Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 183 Rest of Europe Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 184 Rest of Europe Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 185 Rest of Europe Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 186 Rest of Europe Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 187 Rest of Europe Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 188 Rest of Europe Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 189 Rest of Europe Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 190 Rest of Europe Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 191 Asia Pacific Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 192 Asia Pacific Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 193 Asia Pacific Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 194 Asia Pacific Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 195 Asia Pacific Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 196 Asia Pacific Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 197 Asia Pacific Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 198 Asia Pacific Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 199 Asia Pacific Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 200 Asia Pacific Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 201 China Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 202 China Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 203 China Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 204 China Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 205 China Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 206 China Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 207 China Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 208 China Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 209 China Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 210 China Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 211 Japan Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 212 Japan Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 213 Japan Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 214 Japan Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 215 Japan Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 216 Japan Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 217 Japan Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 218 Japan Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 219 Japan Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 220 Japan Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 221 India Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 222 India Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 223 India Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 224 India Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 225 India Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 226 India Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 227 India Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 228 India Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 229 India Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 230 India Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 231 South Korea Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 232 South Korea Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 233 South Korea Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 234 South Korea Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 235 South Korea Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 236 South Korea Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 237 South Korea Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 238 South Korea Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 239 South Korea Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 240 South Korea Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 241 South-East Asia Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 242 South-East Asia Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 243 South-East Asia Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 244 South-East Asia Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 245 South-East Asia Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 246 South-East Asia Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 247 South-East Asia Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 248 South-East Asia Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 249 South-East Asia Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 250 South-East Asia Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 251 Rest of Asia Pacific Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 252 Rest of Asia Pacific Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 253 Rest of Asia Pacific Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 254 Rest of Asia Pacific Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 255 Rest of Asia Pacific Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 256 Rest of Asia Pacific Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 257 Rest of Asia Pacific Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 258 Rest of Asia Pacific Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 259 Rest of Asia Pacific Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 260 Rest of Asia Pacific Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 261 Latin America Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 262 Latin America Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 263 Latin America Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 264 Latin America Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 265 Latin America Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 266 Latin America Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 267 Latin America Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 268 Latin America Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 269 Latin America Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 270 Latin America Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 271 Brazil Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 272 Brazil Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 273 Brazil Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 274 Brazil Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 275 Brazil Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 276 Brazil Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 277 Brazil Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 278 Brazil Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 279 Brazil Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 280 Brazil Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 281 Argentina Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 282 Argentina Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 283 Argentina Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 284 Argentina Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 285 Argentina Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 286 Argentina Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 287 Argentina Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 288 Argentina Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 289 Argentina Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 290 Argentina Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 291 Rest of Latin America Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 292 Rest of Latin America Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 293 Rest of Latin America Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 294 Rest of Latin America Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 295 Rest of Latin America Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 296 Rest of Latin America Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 297 Rest of Latin America Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 298 Rest of Latin America Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 299 Rest of Latin America Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 300 Rest of Latin America Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 301 Middle East Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 302 Middle East Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 303 Middle East Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 304 Middle East Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 305 Middle East Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 306 Middle East Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 307 Middle East Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 308 Middle East Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 309 Middle East Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 310 Middle East Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 311 UAE Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 312 UAE Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 313 UAE Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 314 UAE Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 315 UAE Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 316 UAE Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 317 UAE Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 318 UAE Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 319 UAE Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 320 UAE Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 321 Saudi Arabia Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 322 Saudi Arabia Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 323 Saudi Arabia Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 324 Saudi Arabia Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 325 Saudi Arabia Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 326 Saudi Arabia Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 327 Saudi Arabia Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 328 Saudi Arabia Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 329 Saudi Arabia Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 330 Saudi Arabia Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 331 Rest of Middle East Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 332 Rest of Middle East Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 333 Rest of Middle East Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 334 Rest of Middle East Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 335 Rest of Middle East Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 336 Rest of Middle East Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 337 Rest of Middle East Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 338 Rest of Middle East Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 339 Rest of Middle East Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 340 Rest of Middle East Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 341 Africa Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 342 Africa Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 343 Africa Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 344 Africa Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 345 Africa Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 346 Africa Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 347 Africa Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 348 Africa Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 349 Africa Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 350 Africa Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 351 South Africa Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 352 South Africa Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 353 South Africa Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 354 South Africa Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 355 South Africa Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 356 South Africa Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 357 South Africa Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 358 South Africa Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 359 South Africa Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 360 South Africa Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 361 Egypt Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 362 Egypt Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 363 Egypt Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 364 Egypt Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 365 Egypt Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 366 Egypt Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 367 Egypt Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 368 Egypt Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 369 Egypt Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 370 Egypt Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)
TABLE 371 Rest of Africa Infant Formula Market, by Product Type, 2019-2023 (US$ Mn)
TABLE 372 Rest of Africa Infant Formula Market, by Product Type, 2024-2032 (US$ Mn)
TABLE 373 Rest of Africa Infant Formula Market, by Age Group, 2019-2023 (US$ Mn)
TABLE 374 Rest of Africa Infant Formula Market, by Age Group, 2024-2032 (US$ Mn)
TABLE 375 Rest of Africa Infant Formula Market, by Packaging Type, 2019-2023 (US$ Mn)
TABLE 376 Rest of Africa Infant Formula Market, by Packaging Type, 2024-2032 (US$ Mn)
TABLE 377 Rest of Africa Infant Formula Market, by Distribution Channel, 2019-2023 (US$ Mn)
TABLE 378 Rest of Africa Infant Formula Market, by Distribution Channel, 2024-2032 (US$ Mn)
TABLE 379 Rest of Africa Infant Formula Market, by Brand Type, 2019-2023 (US$ Mn)
TABLE 380 Rest of Africa Infant Formula Market, by Brand Type, 2024-2032 (US$ Mn)

Frequently Asked Question

How much does the global market currently hold for infant formula?

In 2023, the infant formula market was estimated to be worth USD 65212.5 million.

What is the projected growth rate of the infant formula market between 2024 and 2032?

The infant formula market is anticipated to increase at a CAGR of 10.80% from 2024 to 2032, reaching USD 164130.27 million in 2032.

In terms of product type, which market category is leading?

Cow’s milk-based formula is the most popular product type category.

Which brand type segment is estimated to have the highest CAGR throughout the forecast period?

The category with the highest predicted CAGR is expected to be the global brands during the projected period.

Who are the main players in the infant formula industry globally?

The top players include Abbott Laboratories, Baby Gourmet Foods Inc., Bellamy’s Australia Limited, Danone SA, Royal FrieslandCampina NV, Reckitt Benckiser (Mead Johnson), Nestlé SA, Perrigo Company PLC, Parent’s Choice Infant Formula, The Kraft Heinz Company, Meiji Holdings, Synutra International Inc., Dana Dairy Group Ltd, and others.

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