The Infant Milk Formula Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Infant Milk Formula Market?
The market size of the infant milk formula has seen a quick expansion in the past few years. It was worth $56.07 billion in 2024 and is projected to increase to $62.36 billion in 2025, with a compound annual growth rate (CAGR) of 11.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Infant Milk Formula Industry?
The Infant Milk Formula market is projected to reach $94.83 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.0%.
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What are the Key Growth Drivers Fueling the Infant Milk Formula Market?
The key drivers in the infant milk formula market are:
• Rising demand in emerging economies
• Increasing penetration of e-commerce
• Increasing focus on organic and clean-label products
• Innovations in the composition of infant milk formula
Global Market Segmentation: Identifying Major Infant Milk Formula Industry Segments
The infant milk formula market covered in this report is segmented –
1) By Product Type: Starting Milk Formula, Follow-On Milk Formula, Toddler Milk Formula,
2) By Target Consumer Group: Premature Infants, Lactose Intolerant, Infant with Allergies, Twins/Multiples, Low Birth Weight Babies, General Population,
3) By Application: Specialty Stores, Supermarkets, Online Retail, Chemists Or Pharmacies Or Drugstores, Other Application.
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What are the Emerging Trends Shaping the Future of the Infant Milk Formula Market?
The key trends in the infant milk formula market are:
• Advanced probiotic and prebiotic formulations are emerging trends in the industry.
• There is innovation happening in plant-based infant formulas.
• Artificial intelligence is becoming a key part of product development techniques.
• There is growing movement towards sustainable and eco-friendly production methods.
Who Are the Top Competitors & Leading Players in the Infant Milk Formula Market?
Major players in the infant milk formula market are:
• Nestlé S.A.
• Pfizer Inc.
• Abbott Laboratories
• Danone S.A.
• The Kraft Heinz Company
• Arla Foods amba
• Reckitt Benckiser Group plc
• FrieslandCampina N.V.
• Meiji Holdings Co. Ltd.
• Perrigo Company plc
• Morinaga Milk Industry Co. Ltd.
• Mead Johnson & Company LLC
• The Hain Celestial Group Inc.
• Hero Group AG
• Ausnutria Dairy Corporation Ltd.
• Biostime Inc.
• HiPP GmbH & Co. Vertrieb KG
• Beingmate Baby & Child Food Co. Ltd.
• Synutra International Inc.
• Bellamy's Organic Pty Ltd.
Regional Dominance: Which Area Leads the Global Infant Milk Formula Market?
Europe was the largest region in the infant milk formula market in 2024
