Global Infant Formula Market Report – Key Players, Geography, Covid-19 Impact Analysis, Distribution Channel and Forecast to 2026

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The market growth is expected to be hindered by a declining fertility rate and stringent regulations. However, the market would experience growth accrued to key trends like growing awareness about feeding baby foods and growing adoption of probiotics in infant formula. The global infant formula market is anticipated to grow at a CAGR of 8% during the period spanning 2021-2025. The market in 2025 is predicted to be valued at US$93.33 billion. 

The global infant formula market by region can be segmented into the following six regions: China, Asia Pacific (ex. China), Europe, North America, Latin America and MEA. In 2020, the dominant share of the global infant formula market was held by China, followed by Asia Pacific (ex. China) and Europe. The abolishment of one child policy in China was the one major factor that supported growth in China infant formula market. China is predicted to acquire dominant share in the global infant formula market, supported by various factors like increasing birth rates and growing preference for infant formula by working women.


The global infant formula market by-product can be segmented as follows: toddler (1-2 months), standard (0-6 months), follow-on (6-12 months), and special (Premature & Allergic). In 2020, the dominant share of the market was held by toddler infant formula, followed by standard and follow-on infant formula. On the basis of distribution channels, the global infant formula market can be segmented into the following categories: hypermarkets/supermarkets, specialty stores, and pharmacy/medical stores. The dominant share of the market in 2020 was held by the hypermarkets/supermarkets segment.

The global infant formula market research report offers a market outline and underlines the current scenario of the global infant formula market, accounting by data and type. The report incorporates reliable data, including data of the current market and prospects during the forecast period. It also includes market drivers and restraints that will enable stakeholders to understand the market precisely.

Key Reasons to buy the report:

-The research report provides penetrative insights and actionable market data specially designed and presented to aid strategic decision-making.

-The global infant formula market research report unpacks the suggestion and recommendations to effectively deal with present and upcoming obstacles in this industry.

-The report scrutinizes the key trends and their impact on companies to understand competitive dynamics in this vertical.

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Table of Contents

1. Market Overview
1.1 Baby Food
1.2 Infant Formula
1.3 Infant Formula Value Chain Analysis
1.4 Advantages of Infant Formula

2. Impact of COVID-19
2.1 Impact on Global Economy
2.2 Impact on Birth Rate
2.3 Surging Unemployment

3. Baby Food Market Analysis
3.1 Global Baby Food Market by Value
3.2 Global Baby Food Market Forecast by Value
3.3 Global Baby Food Market by Product Type
3.4 Asia Pacific Baby Food Market by Value
3.5 Asia Pacific Baby Food Market Forecast by Value

4. Global Infant Formula Market Analysis
4.1 Infant Formula Market by Value
4.2 Infant Formula Market Forecast by Value
4.3 Infant Formula Market by Volume
4.4 Infant Formula Market Forecast by Volume
4.5 Infant Formula Market Value by Product
4.5.1 Global Toddler Infant Formula Market by Value
4.5.2 Global Toddler Infant Formula Market Forecast by Value
4.5.3 Global Standard Infant Formula Market by Value
4.5.4 Global Standard Infant Formula Market Forecast by Value
4.5.5 Global Follow-on Infant Formula Market by Value
4.5.6 Global Follow-on Infant Formula Market Forecast by Value
4.5.7 Global Special Infant Formula Market by Value
4.5.8 Global Special Infant Formula Market Forecast by Value
4.6 Infant Formula Market by Distribution Channel
4.6.1 Global Infant Formula Market Value by Distribution Channel
4.6.2 Global Infant Formula Market Value Forecast by Distribution Channel
4.7 Infant Formula Market Value by Region

5. Regional Infant Formula Market Analysis
5.1 China
5.1.1 China Infant Formula Market by Value
5.1.2 China Infant Formula Market Forecast by Value
5.1.3 China Infant Formula Market by Volume
5.1.4 China Infant Formula Market Forecast by Volume
5.1.5 China Infant Formula Market Share by Product
5.1.6 China Infant Formula Market Value Forecast by Product
5.1.7 China Infant Formula Market by Distribution Channels
5.2 Asia Pacific (Ex. China)
5.2.1 Asia Pacific (Ex. China) Infant Formula Market by Value
5.2.2 Asia Pacific (Ex. China) Infant Formula Market Forecast by Value
5.2.3 Australia Infant Formula Market by Volume
5.2.4 Australia Infant Formula Market Forecast by Volume
5.3 Europe
5.3.1 Europe Infant Formula Market by Value
5.3.2 Europe Infant Formula Market Forecast by Value
5.4 North America
5.4.1 North America Infant Formula Market by Value
5.4.2 North America Infant Formula Market Forecast by Value
5.5 Latin America
5.5.1 Latin America Infant Formula Market by Value
5.5.2 Latin America Infant Formula Market Forecast by Value
5.6 MEA
5.6.1 MEA Infant Formula Market by Value
5.6.2 MEA Infant Formula Market Forecast by Value

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Rising Number of Females in the Workforce
6.1.2 Surge in E-Commerce Sales
6.1.3 Emerging Middle Class Population
6.1.4 Increasing Disposable Income
6.1.5 Escalating Economic Growth
6.1.6 Rising Prevalence of Suboptimal Breastfeeding
6.2 Key Trends and Developments
6.2.1 Increasing Preference Towards Imported Infant Formula in China
6.2.2 Rising Adoption of Probiotics in Infant Formula
6.2.3 Increasing Awareness About Feeding Baby Foods
6.3 Challenges
6.3.1 Declining Birth Rate
6.3.2 Decreasing Fertility Rate
6.3.3 Stringent Regulations
6.3.4 Dominance of Infant Formula Alternatives

7. Competitive Landscape
7.1 Global Market
7.1.1 Revenue Comparison – Key Players
7.1.2 Market Capitalization Comparison – Key Players
7.1.3 Global Infant Formula Market Share by Producers
7.2 Asia Pacific
7.2.1 Asia Pacific Infant Formula Market Share by Producers
7.2.2 Asia Pacific Infant Formula Market Share by Brand
7.2.3 China Infant Formula Market Share by Producers
7.2.4 Australia Infant Formula Market Share by Producers
7.3 North America
7.3.1 North America Infant Formula Market Share by Producers
7.4 Europe
7.4.1 Eastern Europe Infant Formula Market Share by Producers
7.4.2 Western Europe Infant Formula Market Share by Producers
7.5 Latin America
7.5.1 Latin America Infant Formula Market Share by Producers
7.6 MEA
7.6.1 MEA Infant Formula Market Share by Producers

8. Company Profiles
8.1 Nestlé S.A.
8.1.1 Business Overview
8.1.2 Financial Overview
8.1.3 Business Strategies
8.2 Danone S.A.
8.2.1 Business Overview
8.2.2 Financial Overview
8.2.3 Business Strategies
8.3 Abbott Laboratories
8.3.1 Business Overview
8.3.2 Financial Overview
8.3.3 Business Strategies
8.4 Royal FrieslandCampina N.V.
8.4.1 Business Overview
8.4.2 Financial Overview
8.4.3 Business Strategies
8.5 Reckitt Benckiser
8.5.1 Business Overview
8.5.2 Financial Overview
8.5.3 Business Strategies
8.6 Kraft Heinz
8.6.1 Business Overview
8.6.2 Financial Overview
8.6.3 Business Strategies

List of Charts

Baby Food by Product Types
Types of Infant Formula
Infant Formula Value Chain
Change in Live Births in Developed Countries (2020-2021)
Global Workers at Risk by Sector
Global Workers at Risk by Region
Global Baby Food Market by Value (2016-2020)
Global Baby Food Market Forecast by Value (2021-2025)
Global Baby Food Market by Product Type (2020)
Asia Pacific Baby Food Market by Value (2016-2020)
Asia Pacific Baby Food Market Forecast by Value (2021-2025)
Global Infant Formula Market by Value (2016-2020)
Global Infant Formula Market Forecast by Value (2021-2025)
Global Infant Formula Market by Volume (2016-2020)
Global Infant Formula Market Forecast by Volume (2021-2025)
Global Infant Formula Market Value by Product (2020)
Global Toddler Infant Formula Market by Value (2016-2020)
Global Toddler Infant Formula Market Forecast by Value (2021-2025)
Global Standard Infant Formula Market by Value (2016-2020)
Global Standard Infant Formula Market Forecast by Value (2021-2025)
Global Follow-on Infant Formula Market by Value (2016-2020)
Global Follow-on Infant Formula Market Forecast by Value (2021-2025)
Global Special Infant Formula Market by Value (2016-2020)
Global Special Infant Formula Market Forecast by Value (2021-2025)
Global Infant Formula Market by Distribution Channel (2020)
Global Infant Formula Market Value by Distribution Channel (2016-2020)
Global Infant Formula Market Value Forecast by Distribution Channel (2021-2025)
Global Infant Formula Market Value by Region (2020)
China Infant Formula Market by Value (2016-2020)
China Infant Formula Market Forecast by Value (2021-2025)
China Infant Formula Market by Volume (2016-2020)
China Infant Formula Market Forecast by Volume (2021-2025)
China Infant Formula Market Share by Product (2020)
China Infant Formula Market Value Forecast by Product (2020-2025)
China Infant Formula Market by Distribution Channels (2016-2020)
Asia Pacific (Ex. China) Infant Formula Market by Value (2016-2020)
Asia Pacific (Ex. China) Infant Formula Market Forecast by Value (2021-2025)
Australia Infant Formula Market by Volume (2016-2020)
Australia Infant Formula Market Forecast by Volume (2021-2025)
Europe Infant Formula Market by Value (2016-2020)
Europe Infant Formula Market Forecast by Value (2021-2025)
North America Infant Formula Market by Value (2016-2020)
North America Infant Formula Market Forecast by Value (2021-2025)
Latin America Infant Formula Market by Value (2016-2020)
Latin America Infant Formula Market Forecast by Value (2021-2025)
MEA Infant Formula Market Forecast by Value (2016-2020)
MEA Infant Formula Market Forecast by Value (2021-2023)
Global Working Women Population (2014-2023)
Global E-Commerce Sales (2014-2020)
Global Middle Class Population (2015-2030)
Global Gross National Income (GNI) Per Capita (2014-2019)
Global GDP Per Capita (2014-2019)
China Consumer Preference for Imported Versus Domestic Brands (2020)
Global Birth Rate (2015-2022)
Global Fertility Rate (2015-2022)
Global Infant Formula Market Share by Producers (2020)
Asia Pacific Infant Formula Market Share by Producers (2020)
Asia Pacific Infant Formula Market Share by Brand (2020)
China Infant Formula Market Share by Producers (2020)
Australia Infant Formula Market Share by Producers (2020)
North America Infant Formula Market Share by Producers (2020)
Eastern Europe Infant Formula Market Share by Producers (2020)
Western Europe Infant Formula Market Share by Producers (2020)
Latin America Infant Formula Market Share by Producers (2020)
MEA Infant Formula Market Share by Producers (2020)
Nestlé S.A. Net Sales and Net Profit (2015-2019)
Nestlé S.A. Net Sales by Segments (2019)
Nestlé S.A. Net Sales by Geography (2019)
Danone S.A. Revenue and Net Income (2015-2019)
Danone S.A. Revenue by Segments (2019)
Danone S.A. Revenue by Geography (2019)
Abbott Laboratories Net Sales and Net Earnings (2016-2020)
Abbott Laboratories Net Sales by Segments (2020)
Abbott Laboratories Net Sales by Country (2020)
Royal FrieslandCampina N.V. Revenue and Profit (2015-2019)
Royal FrieslandCampina N.V. Revenue by Business Groups (2019)
Royal FrieslandCampina N.V. Revenue by Geography (2019)
Reckitt Benckiser Net Revenue and Net Income (2015-2019)
Reckitt Benckiser Revenue by Business Groups (2019)
Reckitt Benckiser Revenue by Geography (2019)
Kraft Heinz Net Sales and Income (Loss) (2016-2020)
Kraft Heinz Net Sales by Geography (2020)

List of Tables

Global Infant Formula Key Players – Revenue Comparison (2019/2020)
Global Infant Formula Key Players – Market Capitalization Comparison (2021)

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