lobal Infant Formula Market (2019 Edition) – World Market Review By Product Type, By Distribution Channel, By Region, By Country: Opportunities and Forecast (2014-2024)

Date: 1 November 2019

According to a research report published by Azoth Analytics in June 2019, the Global Infant Formula Market was valued at USD 42.4 billion the year 2018. Global Infant Formula market is expected to grow due to a number of factors including rapid urbanization in emerging economies, growing health concern among the consumers in developing region and rising demand by working women population due to lack of time to breastfeed the baby. In addition, ever growing urban and working population and the associated rising income is fuelling the growth of infant formula market.

The Azoth Analytics research report titled ‘Global Infant Formula Market’ has analysed and segmented the Infant Formula market By Product Type (Infant Milk, Growing-up Milk, Follow on Milk & Specialty Milk), By Distribution Channel (Online Stores, Hypermarket/Supermarket, Pharmacies, Others), By Region (North America, Europe, Asia Pacific, ROW-Latin America, Middle East & Africa) and By Country (U.S, Canada, Mexico, UK, Germany, France, China, India, Japan,  Saudi Arabia) for the historical period of 2014-2018 and the forecast period of 2019-2024.

The market condition of infant formula has been improving gradually with ease in availability of infant formula milk in vast number of hypermarkets, supermarkets and online platforms. The Asia Pacific region holds the largest market of Infant Formula and is estimated that it will continue to dominate the market share in the forecast period. Moreover, APAC region will also grow with highest growth rate among the regions.

Growth in female contribution in labour force has encouraged the acceptance of infant formula globally with increased disposable income, busy lifestyle, and high standards of living in countries such as China, India, US, UK, and Japan that boosts the infant formula market growth. Moreover, increasing e-commerce sales, disposable income and accelerating economic growth are expected to drive the market. Market players are focusing on introducing organic infant formula in order to cater to the needs of patrons. Companies equipped with the new edge technologies for innovation, research & development, production, packaging and preserving likely to gain market share in the forecast period.