Global Infant Formula Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, Infant Formula market is projected to grow at a CAGR of 5.48% during the forecast period, reaching a total market size of US$57.685 billion in 2024 from US$41.886 billion in 2018. Infant formula is a substitute for breast milk consisting of various nutrients, such as carbohydrates, fats, proteins, vitamins, minerals, and others. It helps in the overall development of the baby. Growing female working population is the driving factor for the growth of the market. It seems to be a good alternative for breast milk as it contains similar nutrients as compared to breast milk thereby positively impacting the growth of infant formula market. Changing lifestyle coupled with increasing disposable income is also boosting the growth of the market. However, concerns related to the health of the baby, safety of the formula, and physician’s advice to give only breast milk to infants are restraining the market growth. Moreover, concerns related to the growing population and increasing awareness programs from world health organizations and others to lower the global birth rate is also likely to hamper the growth of infant formula market. We are providing some segments of global algae protein market briefly here:
Sample view of global vegetable seeds market share
Key Questions Answered By The Report What will be the Global Infant Formula Market size from 2019 to 2024? How are the major drivers and restraints affecting the Global Infant Formula Market growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why? A comprehensive analysis of competitive landscape and key market participant’s behavior Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under The Global Infant Formula Market Report Are As Below: By Formula Type Cow’s Milk Protein-Based Soy-Based Protein Hydrolysate
By Form Powdered Concentrated Liquid Ready-to-Use
By Distribution Channel Offline Online
By Geography: Americas North America South America Europe Middle East and Africa Europe Middle East and Africa Asia Pacific
COMPANY PROFILES Abbott Laboratories Nestlé Group DANALAC Danone AUSNUTRIA Perrigo Nutritionals Bubs Organic, LLC Hero Group Geo-Poland sp. z o.o. Juniper Naturals
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