INFANT FORMULA MARKET ANALYSIS

Infant Formula Market, By Ingredient (Cow’s milk based, Soy Based, Hypoallergenic, Others), By Form (Powder forms, Liquid concentrate forms, Ready-to-feed forms), By Distribution Channel (Supermarkets and Hypermarkets, Convenience stores, Online, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024
Code : CMI2330
Pages :136
Formats :
Excel and PDF
Industry : Food and Beverages

Regional Analysis

Infant Formula Market Regional Insights

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North America remains the dominant region in the global infant formula market with an estimated 37.6% share in 2024. With presence of key players like Nestle, Abbott and Mead Johnson, the U.S. accounts for the largest share. Wide acceptance of infant nutrition products and growing working women population are driving the sales of product. Moreover, the premiumization trend is prominent with consumers willing to pay higher prices for value-added formulations. The market growth is also driven by frequent new product launches catering to specific nutrition requirements.

Asia Pacific has emerged as the fastest growing regional market. China is the single largest country market and witnessed impressive growth in recent years. Another major factor is the shift to urbanization resulting in higher nuclear families and working mothers relying on nutrition products.