Infant Formula Market 2021 | Present Scenario and Growth Prospects 2031

A recent market study published by Future Market Insights on the infant formula market offers global industry analysis for 2016-2020 & opportunity assessment for 2021–2031. The study offers a comprehensive assessment of the more important market dynamics.

Future Market Insights (FMI) has pegged the infant formula market value to reach US$ 38.8 Bn in 2021. Driven by rising demand for organic baby food, sales are poised to increase at an impressive CAGR of 10.60% through 2026.

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FMI also has forecast the infant formula sales to register an impressive 9.90% year-on-year growth in 2021 owing to the increasing demand for eco-friendly packaging and organic baby food.

Key players in infant formula market are focusing on strategic collaboration with online pharmacies and retail stores. Their partnership is often aimed at catering the growing demand. Following the outbreak of COVID-19, while the world witnessed global shutdown, consumers turned to online shopping as safety measure.

Against this backdrop, partnerships with online store dealers is seen as a key market strategy to meet the rising demand, especially in developing regions. Based on aforementioned factors, the infant formula market value is estimated to reach US$ 38.8 Bn in 2021, opines Future Market Insights (FMI).

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Infant Formula Market by Category

By Product Type:

  • Starting Milk Formula
  • Follow-on Milk Formula
  • Toddlers Milk Formula
  • Special Milk Formula

By Distribution Channel:

  • Specialty Outlets
  • Supermarkets
  • Online Stores
  • Pharmacy Stores
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa (MEA)

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Key Questions Answered in the Report

  • What is the current infant formula market value?

The infant formula market is expected to surpass a valuation of US$ 38.8 Bn in 2021

  • At what rate did the Infant formula market grow between 2016 and 2020?

The infant formula market witnessed impressive growth at 9.50% CAGR between 2016 and 2020.

  • What are the key trends driving infant formula sales?

Rising demand for organic infant formula and prevalence of online shopping sites will increase the sales.

  • Who are the leading players of infant formula?

Nestle SA, Groupe Danone, Abbott Nutrition, The Kraft Heinz Company, and Friesland Campina are the top players leading the infant formula market.

  • What is the demand outlook for North America infant formula market?

Demand for infant formula will continue to rise backed by rising demand for organic baby food in the country, sales across North America are set to rise at a steady 4.9% CAGR.

  • What is the Europe market outlook for infant formula?

Eastern Europe infant formula market will exhibit healthy growth at 8% CAGR during the forecast period.

  • Which are the top countries driving the infant formula market demand?

Top countries in terms of infant formula sales are the U.S., France, Germany, Japan, and China.

  • What is the market share of leading players in infant formula market?

Leading players of global infant formula market is expected to contribute around 50-60% of total market share.

  • What is the current market share of Japan in the global infant formula market?

Japan will account for over 1.5% market share of global infant formula market in 2021.

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