Global Infant Formula Market to Grow at a CAGR of 8.40% During the Period 2024-2032, Driven by Demand for High-quality Baby Food Products

The global infant formula market is expected to be driven by parents’ desire for plant-based alternatives and high-quality baby food products. Several parents today seek plant-based, vegetarian and flexitarian alternatives for their babies. This trend is expected to boost the market. Further, easing of regulations by authorities is expected to drive market growth. For example, it was reported in 2022 that the U.S. Food and Drug Administration would ease regulations to enable infant formula imports from Britain to alleviate a countrywide shortage. North America, Europe and Asia are likely to be key markets.  

 
Today, leading companies provide a variety of vitamin and nutrient-rich formulas to meet babies’ nutritional needs. Specific formulations are also available that are intended for babies with particular health needs, allergies, and intolerances. Infant formulas come as powders (used after mixing in water; powders are the least expensive), concentrated liquids (these formulas are to be measured and mixed in water and then used), and ready to use formulas (most convenient type of formula as these need not be mixed with water). 

While contents of infant formulas differ with brand, most formulas are cow-milk based. For premature babies with particular medical conditions, special formulas are also available on the market. 

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Soy-based formulations could be beneficial for infants with particular metabolic requirements. Protein hydrolysate formulas are intended for infants that are unable to tolerate cow's milk or soy-based formulas. Such formulas carry partially or extensively hydrolyzed protein. Extensively hydrolyzed formulas may be a good alternative for infants with protein allergies.

Infant formulas may carry important nutrients such as vitamins, minerals, nutritional supplements, and extra ingredients. 

Key players in the domain include Nestlé S.A, Danone S.A., Arla Foods Amba, Royal Friesland Campina, Reckitt Benckiser Group plc., and others.

Key Findings of the Report

• The global infant formula market is expected to be driven by increasing demand for high-quality baby food solutions. 

• Easing of regulations by authorities is expected to boost market growth.

• North America, Europe and Asia are projected to be key markets.    

Market Analysis by Type, Ingredient, Distribution Channel and Region

• By type, the market is classified into Follow-on-Milk, Infant Milk, Growing-up Milk, and Specialty Baby Milk.

• By ingredient, the market is segmented into Protein, Fat, Carbohydrate, Vitamins, Minerals, and Others.

• By distribution channel, the market is divided into Supermarkets and Hypermarkets, Pharmacies/Medical Stores, Specialty Stores, Online, and Others.

• By region, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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