GITNUX MARKETDATA REPORT 2024

Infant Formula Industry Statistics

The global infant formula industry is expected to grow at a steady rate, driven by increasing demand for convenient and nutritionally balanced infant feeding options.

Statistic 1

"The global infant formula market size was valued at USD 45.12 billion in 2018."

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Statistic 2

"It is expected to expand at a CAGR of 9.5% from 2019 to 2025."

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Statistic 3

"A sector of this market, organic baby formula, is expected to show considerable growth of 9. that% through 2025."

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Statistic 4

"China was the highest revenue-generating country in infant formula market 2018, accounting for 46.4% of the global market."

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Statistic 5

"The Asia-Pacific region is projected to dominate the market during the forecast period, contributing more than half of the total market share by 2026."

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Statistic 6

"Growing-up milk was the most consumed type of infant formula in 2018, accounting for more than half of the total market share."

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Statistic 7

"The e-commerce segment is estimated to portray the fastest CAGR of 14.3% from 2019 to 2026."

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Statistic 8

"The fastest-growing segment within the infant formula market is predicted to be follow-up formula, anticipated to exhibit a CAGR of 7.1% from 2020 to 2027."

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Statistic 9

"The infant formula market in Europe was valued at over USD 8 billion in 2020."

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Statistic 10

"Lactose has seen a significant increase in usage as a carbohydrate ingredient in infant formula, with a CAGR of over 8% from 2020 to 2027."

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Statistic 11

"The powdered infant formula segment is expected to accrue over USD 24 billion by 2027."

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Statistic 12

"The global infant formula ingredients market is expected to grow at a CAGR of 7.7% from 2021 to 2031."

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Statistic 13

"Cow's milk-based ingredients will represent 81.8% of the total market opportunity for infant formula ingredients by 2031."

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Statistic 14

"By 2031, Asia-Pacific excluding Japan will represent 44.8% of the total market for infant formula ingredients."

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Statistic 15

"The global infant formula market stood at a volume of 2.9 Million Tons in 2020."

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Statistic 16

"It is expected to grow at a CAGR of 5.5% in the forecast period of 2021-2026."

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Statistic 17

"Liquid infant formula accounts for nearly 20% of the overall market."

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Statistic 18

"The largest market for infant formula is Asia, which constitutes almost two-thirds of the total global demand."

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Statistic 19

"Nestle S.A is the leading producer in the worldwide infant formula market."

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Statistic 20

"Europe is currently the second-largest market for infant formula, representing around a quarter of the global market share."

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