The global Infant Milk Formula market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.
Infant Milk Formula is a type of food used for feeding babies below the age of 1 year.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is 楼17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is 楼485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
This report includes an overview of the development of the Infant Milk Formula industry chain, the market status of Specialty Store (Starting Milk formula, Follow-on Milk Formula), Supermarkets (Starting Milk formula, Follow-on Milk Formula), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Infant Milk Formula.
Regionally, the report analyzes the Infant Milk Formula markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Infant Milk Formula market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Infant Milk Formula market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Infant Milk Formula industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MT), revenue generated, and market share of different by Type (e.g., Starting Milk formula, Follow-on Milk Formula).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Infant Milk Formula market.
Regional Analysis: The report involves examining the Infant Milk Formula market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Infant Milk Formula market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Infant Milk Formula:
Company Analysis: Report covers individual Infant Milk Formula manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Infant Milk Formula This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Specialty Store, Supermarkets).
Technology Analysis: Report covers specific technologies relevant to Infant Milk Formula. It assesses the current state, advancements, and potential future developments in Infant Milk Formula areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Infant Milk Formula market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Infant Milk Formula market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Starting Milk formula
Follow-on Milk Formula
Toddlers Milk Formula
Market segment by Application
Specialty Store
Supermarkets
Online Retail
Chemist/Pharmacies/Drugstore
Others
Major players covered
Behdashtkar
Nutridar Company Plc
Ausnutria Hyproca B.V.
Saudi Centre Group
Abbott Laboratories
RIRI Baby Food Co
Groupe Danone
Aspen Pharmacare Holdings Limited.
Almarai
Lacto Misr
Nestl茅 S.A.
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Infant Milk Formula product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Infant Milk Formula, with price, sales, revenue and global market share of Infant Milk Formula from 2019 to 2024.
Chapter 3, the Infant Milk Formula competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Infant Milk Formula breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Infant Milk Formula market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Infant Milk Formula.
Chapter 14 and 15, to describe Infant Milk Formula sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope of Infant Milk Formula
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Infant Milk Formula Consumption Value by Type: 2019 Versus 2023 Versus 2030
1.3.2 Starting Milk formula
1.3.3 Follow-on Milk Formula
1.3.4 Toddlers Milk Formula
1.4 Market Analysis by Application
1.4.1 Overview: Global Infant Milk Formula Consumption Value by Application: 2019 Versus 2023 Versus 2030
1.4.2 Specialty Store
1.4.3 Supermarkets
1.4.4 Online Retail
1.4.5 Chemist/Pharmacies/Drugstore
1.4.6 Others
1.5 Global Infant Milk Formula Market Size & Forecast
1.5.1 Global Infant Milk Formula Consumption Value (2019 & 2023 & 2030)
1.5.2 Global Infant Milk Formula Sales Quantity (2019-2030)
1.5.3 Global Infant Milk Formula Average Price (2019-2030)
2 Manufacturers Profiles
2.1 Behdashtkar
2.1.1 Behdashtkar Details
2.1.2 Behdashtkar Major Business
2.1.3 Behdashtkar Infant Milk Formula Product and Services
2.1.4 Behdashtkar Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Behdashtkar Recent Developments/Updates
2.2 Nutridar Company Plc
2.2.1 Nutridar Company Plc Details
2.2.2 Nutridar Company Plc Major Business
2.2.3 Nutridar Company Plc Infant Milk Formula Product and Services
2.2.4 Nutridar Company Plc Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Nutridar Company Plc Recent Developments/Updates
2.3 Ausnutria Hyproca B.V.
2.3.1 Ausnutria Hyproca B.V. Details
2.3.2 Ausnutria Hyproca B.V. Major Business
2.3.3 Ausnutria Hyproca B.V. Infant Milk Formula Product and Services
2.3.4 Ausnutria Hyproca B.V. Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Ausnutria Hyproca B.V. Recent Developments/Updates
2.4 Saudi Centre Group
2.4.1 Saudi Centre Group Details
2.4.2 Saudi Centre Group Major Business
2.4.3 Saudi Centre Group Infant Milk Formula Product and Services
2.4.4 Saudi Centre Group Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 Saudi Centre Group Recent Developments/Updates
2.5 Abbott Laboratories
2.5.1 Abbott Laboratories Details
2.5.2 Abbott Laboratories Major Business
2.5.3 Abbott Laboratories Infant Milk Formula Product and Services
2.5.4 Abbott Laboratories Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Abbott Laboratories Recent Developments/Updates
2.6 RIRI Baby Food Co
2.6.1 RIRI Baby Food Co Details
2.6.2 RIRI Baby Food Co Major Business
2.6.3 RIRI Baby Food Co Infant Milk Formula Product and Services
2.6.4 RIRI Baby Food Co Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 RIRI Baby Food Co Recent Developments/Updates
2.7 Groupe Danone
2.7.1 Groupe Danone Details
2.7.2 Groupe Danone Major Business
2.7.3 Groupe Danone Infant Milk Formula Product and Services
2.7.4 Groupe Danone Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Groupe Danone Recent Developments/Updates
2.8 Aspen Pharmacare Holdings Limited.
2.8.1 Aspen Pharmacare Holdings Limited. Details
2.8.2 Aspen Pharmacare Holdings Limited. Major Business
2.8.3 Aspen Pharmacare Holdings Limited. Infant Milk Formula Product and Services
2.8.4 Aspen Pharmacare Holdings Limited. Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Aspen Pharmacare Holdings Limited. Recent Developments/Updates
2.9 Almarai
2.9.1 Almarai Details
2.9.2 Almarai Major Business
2.9.3 Almarai Infant Milk Formula Product and Services
2.9.4 Almarai Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 Almarai Recent Developments/Updates
2.10 Lacto Misr
2.10.1 Lacto Misr Details
2.10.2 Lacto Misr Major Business
2.10.3 Lacto Misr Infant Milk Formula Product and Services
2.10.4 Lacto Misr Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Lacto Misr Recent Developments/Updates
2.11 Nestl茅 S.A.
2.11.1 Nestl茅 S.A. Details
2.11.2 Nestl茅 S.A. Major Business
2.11.3 Nestl茅 S.A. Infant Milk Formula Product and Services
2.11.4 Nestl茅 S.A. Infant Milk Formula Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 Nestl茅 S.A. Recent Developments/Updates
3 Competitive Environment: Infant Milk Formula by Manufacturer
3.1 Global Infant Milk Formula Sales Quantity by Manufacturer (2019-2024)
3.2 Global Infant Milk Formula Revenue by Manufacturer (2019-2024)
3.3 Global Infant Milk Formula Average Price by Manufacturer (2019-2024)
3.4 Market Share Analysis (2023)
3.4.1 Producer Shipments of Infant Milk Formula by Manufacturer Revenue ($MM) and Market Share (%): 2023
3.4.2 Top 3 Infant Milk Formula Manufacturer Market Share in 2023
3.4.2 Top 6 Infant Milk Formula Manufacturer Market Share in 2023
3.5 Infant Milk Formula Market: Overall Company Footprint Analysis
3.5.1 Infant Milk Formula Market: Region Footprint
3.5.2 Infant Milk Formula Market: Company Product Type Footprint
3.5.3 Infant Milk Formula Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Infant Milk Formula Market Size by Region
4.1.1 Global Infant Milk Formula Sales Quantity by Region (2019-2030)
4.1.2 Global Infant Milk Formula Consumption Value by Region (2019-2030)
4.1.3 Global Infant Milk Formula Average Price by Region (2019-2030)
4.2 North America Infant Milk Formula Consumption Value (2019-2030)
4.3 Europe Infant Milk Formula Consumption Value (2019-2030)
4.4 Asia-Pacific Infant Milk Formula Consumption Value (2019-2030)
4.5 South America Infant Milk Formula Consumption Value (2019-2030)
4.6 Middle East and Africa Infant Milk Formula Consumption Value (2019-2030)
5 Market Segment by Type
5.1 Global Infant Milk Formula Sales Quantity by Type (2019-2030)
5.2 Global Infant Milk Formula Consumption Value by Type (2019-2030)
5.3 Global Infant Milk Formula Average Price by Type (2019-2030)
6 Market Segment by Application
6.1 Global Infant Milk Formula Sales Quantity by Application (2019-2030)
6.2 Global Infant Milk Formula Consumption Value by Application (2019-2030)
6.3 Global Infant Milk Formula Average Price by Application (2019-2030)
7 North America
7.1 North America Infant Milk Formula Sales Quantity by Type (2019-2030)
7.2 North America Infant Milk Formula Sales Quantity by Application (2019-2030)
7.3 North America Infant Milk Formula Market Size by Country
7.3.1 North America Infant Milk Formula Sales Quantity by Country (2019-2030)
7.3.2 North America Infant Milk Formula Consumption Value by Country (2019-2030)
7.3.3 United States Market Size and Forecast (2019-2030)
7.3.4 Canada Market Size and Forecast (2019-2030)
7.3.5 Mexico Market Size and Forecast (2019-2030)
8 Europe
8.1 Europe Infant Milk Formula Sales Quantity by Type (2019-2030)
8.2 Europe Infant Milk Formula Sales Quantity by Application (2019-2030)
8.3 Europe Infant Milk Formula Market Size by Country
8.3.1 Europe Infant Milk Formula Sales Quantity by Country (2019-2030)
8.3.2 Europe Infant Milk Formula Consumption Value by Country (2019-2030)
8.3.3 Germany Market Size and Forecast (2019-2030)
8.3.4 France Market Size and Forecast (2019-2030)
8.3.5 United Kingdom Market Size and Forecast (2019-2030)
8.3.6 Russia Market Size and Forecast (2019-2030)
8.3.7 Italy Market Size and Forecast (2019-2030)
9 Asia-Pacific
9.1 Asia-Pacific Infant Milk Formula Sales Quantity by Type (2019-2030)
9.2 Asia-Pacific Infant Milk Formula Sales Quantity by Application (2019-2030)
9.3 Asia-Pacific Infant Milk Formula Market Size by Region
9.3.1 Asia-Pacific Infant Milk Formula Sales Quantity by Region (2019-2030)
9.3.2 Asia-Pacific Infant Milk Formula Consumption Value by Region (2019-2030)
9.3.3 China Market Size and Forecast (2019-2030)
9.3.4 Japan Market Size and Forecast (2019-2030)
9.3.5 Korea Market Size and Forecast (2019-2030)
9.3.6 India Market Size and Forecast (2019-2030)
9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
9.3.8 Australia Market Size and Forecast (2019-2030)
10 South America
10.1 South America Infant Milk Formula Sales Quantity by Type (2019-2030)
10.2 South America Infant Milk Formula Sales Quantity by Application (2019-2030)
10.3 South America Infant Milk Formula Market Size by Country
10.3.1 South America Infant Milk Formula Sales Quantity by Country (2019-2030)
10.3.2 South America Infant Milk Formula Consumption Value by Country (2019-2030)
10.3.3 Brazil Market Size and Forecast (2019-2030)
10.3.4 Argentina Market Size and Forecast (2019-2030)
11 Middle East & Africa
11.1 Middle East & Africa Infant Milk Formula Sales Quantity by Type (2019-2030)
11.2 Middle East & Africa Infant Milk Formula Sales Quantity by Application (2019-2030)
11.3 Middle East & Africa Infant Milk Formula Market Size by Country
11.3.1 Middle East & Africa Infant Milk Formula Sales Quantity by Country (2019-2030)
11.3.2 Middle East & Africa Infant Milk Formula Consumption Value by Country (2019-2030)
11.3.3 Turkey Market Size and Forecast (2019-2030)
11.3.4 Egypt Market Size and Forecast (2019-2030)
11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
11.3.6 South Africa Market Size and Forecast (2019-2030)
12 Market Dynamics
12.1 Infant Milk Formula Market Drivers
12.2 Infant Milk Formula Market Restraints
12.3 Infant Milk Formula Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Infant Milk Formula and Key Manufacturers
13.2 Manufacturing Costs Percentage of Infant Milk Formula
13.3 Infant Milk Formula Production Process
13.4 Infant Milk Formula Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Infant Milk Formula Typical Distributors
14.3 Infant Milk Formula Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Behdashtkar
Nutridar Company Plc
Ausnutria Hyproca B.V.
Saudi Centre Group
Abbott Laboratories
RIRI Baby Food Co
Groupe Danone
Aspen Pharmacare Holdings Limited.
Almarai
Lacto Misr
Nestl茅 S.A.
听
听
*If Applicable.