The global baby infant formula market size is estimated to be USD 24,043 Million in 2018 and is projected to reach USD 45,348 Million by 2025, registering a CAGR of 9.5% from 2018 to 2025.
The Baby Infant Formula Market report provides an in-depth analysis of the current trends, drivers, and dynamics of the global baby infant formula market to elucidate the prevailing opportunities and tap the investment pockets. The report also offers qualitative trends and quantitative analysis of the global market for the period of 2018–2025 to assist stakeholders in understanding the market scenario.
TRENDS INFLUENCING THE BABY INFANT FORMULA MARKET SIZE
The infant formula market size is witnessing significant growth due to an increase in the population of baby boomers, increased disposable income of people in developing regions, and increased female participation in the labor force.
Rapid urbanization and middle-class growth have further propelled the Baby Infant Formula Market size.
The market for organic baby products is growing rapidly as there is a change in the lifestyle of people, especially in developed countries. Rapid urbanization around the world has encouraged convenience-oriented lifestyle adoption and is considered a major driving factor for the growth of Baby Infant Formula market size.
However, Strict regulations relating to infant formula products could impede market development.
Baby Infant Formula Market Share Analysis
The prepared food sub-segment is expected to have the largest market share, and it is expected to see strong growth during the forecast period.
The infant milk segment is expected to hold the largest Baby Infant Formula market share during the forecast period. This is because more and more physicians recommend using infant milk as a replacement for breastfeeding since it is a healthy and nutritious choice, along with better convenience.
Based on the region, North America accounted for the largest Infant market share during the forecast period. The growth of the region's market is due to high disposable income, the involvement of major players in the region, and the well-developed pharmaceutical and biotechnology industry.
Europe is the second-largest infant formula market due to its strong production facilities and high baby purchasing capacity.
The Asia Pacific is expected to see the highest level of growth in the coming years. Factors such as the high baby boomer population, increasing disposable income, and a high rate of urbanization contribute to the growth of the market in the Asia Pacific.
About CBME
CBME is an established one-stop trade fair with nearly 20 years' experience of bringing together the movers and shakers in child, baby and maternity industry. Uniting top buyers, manufacturers, distributors, suppliers and sellers together under one roof in Shanghai, China annually. CBME hosts hundreds of quality industrial events, training events, private match making meetings. Awards and industry reports release all year around. As a gateway to key sourcing hubs for child, baby and maternity products and services, CBME now covers the most potential markets in the world and is regarded as a MUST-ATTEND show in the world where the key persons to share knowledge and create business opportunities.
