Global Infant Milk Formula to Surge at a Robust Pace in Terms of Revenue Over 2030

 Infinium Global Research recent report on the Infant Milk Formula Market (Type (Infant milk, Follow milk, Specialty baby milk and others); Distribution Channel (Hypermarket, Supermarkets, Medical store and Other): Industry Analysis, Trends, Size, Share and Forecasts up to 2030 provides a comprehensive outline of the features responsible for the growth of the market. The Infant Milk Formula Market was valued at more than USD 52 billion in 2022 and is expected to reach over USD 121 billion by 2030, with a CAGR of more than 9% over the forecast period.

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Infant milk formula is an artificial product intended to supply essential nutrition to infants who are either partially breastfed or not breastfed at all. It is created to substitute breast milk and includes a proper proportion of crucial nutrients such as carbohydrates, fat, protein, vitamins, and minerals, which are vital for the healthy growth and development of infants. The extent of infant milk formula encompasses various formula types that are specially formulated to cater to the specific nutritional demands of infants at different developmental stages.

Market Growth of Infant Milk Formula is Expected to Be Propelled by the Rising Number of Working Women

The market growth of infant milk formula is expected to be propelled by the rising number of working women. As an increasing number of women are joining the workforce, there is a surge in demand for infant milk formula. Breastfeeding can be difficult for working mothers due to their busy schedules, making infant milk formula a convenient and practical substitute. The growth opportunities in the infant milk formula market are expected to be driven by innovation and product differentiation. With the introduction of new and innovative products, manufacturers can differentiate their offerings from others in the market, providing ample growth opportunities.

The Online Retailing Segment is Expected to Grow at the Fastest Rate in the Global Infant Milk Formula Market

Online retailing of infant milk formula has gained popularity in recent years due to its convenience and accessibility. Busy parents, especially working mothers, prefer the ease of shopping online and having their infant milk formula delivered to their doorstep. Online retailers offer a broad range of infant milk formula products from various brands, making it easier for consumers to compare prices and choose the right product for their babies.

Additionally, online retailers often offer competitive prices and discounts, making it an attractive option for cost-conscious consumers. Therefore, online retail segment is expected to have significant growth. Moreover, the COVID-19 pandemic has accelerated the growth of online retailing, as consumers have increasingly turned to e-commerce to avoid physical stores' potential health risks. This shift in consumer behavior has further boosted the growth of the online retailing segment in the infant milk formula market.

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Asia Pacific is Expected to Hold a Significant Market Share in the Global Infant Milk Formula Market

The market can also be segmented based on geography, including North America, Europe, Asia Pacific, and RoW. Asia Pacific is the largest market for infant milk formula, driven by the high birth rate and the increasing number of working mothers in countries such China and India also the large population and increasing disposable income in countries such as China, India, and Indonesia. North America and Europe are also significant markets due to the increasing adoption of infant formula by mothers who cannot or choose not to breastfeed.

Companies Operating in the Global Infant Milk Formula Market are Focusing on the Development of New Products

The companies profiled in the Global Infant Milk Formula Market are Abbott, Danone, Nestlé, Mead Johnson & Company, FrieslandCampina, Kraft Heinz Company, and Reckitt Benckiser Group plc. Hero Group, Meiji Holdings Co., Ltd., and Perrigo Company plc. The key players in Global Infant Milk Formula majorly focus on the innovation of new products as well as a strategic partnership with distributors worldwide. Infinium Global Research's recent report on the Global Infant Milk Formula market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments on the global market.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of infant milk formula.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.