The Latest Infant Formula Industry Statistics Explained
The global infant formula market size was valued at USD 45.12 billion in 2018.
This statistic indicates that in 2018, the global infant formula market was estimated to be worth USD 45.12 billion. The market size reflects the total value of sales and consumption of infant formula products worldwide. This figure suggests that there is a significant demand for infant formula products globally, likely driven by factors such as increasing urbanization, changing lifestyles, and rising awareness about infant nutrition. The size of the market also indicates the economic importance of the infant formula industry and its potential impact on various stakeholders including manufacturers, retailers, healthcare providers, and consumers.
It is expected to expand at a CAGR of 9.5% from 2019 to 2025.
This statistic indicates that the quantity being measured, such as a market size, is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.5% from the year 2019 to the year 2025. This growth rate signifies the average rate at which the quantity is expected to increase annually over the specified period. It suggests that the market or industry under consideration is likely to experience consistent and steady growth over the next six years, with a cumulative growth of approximately 9.5% each year from 2019 to 2025. This projection can help stakeholders anticipate future trends, make informed decisions, and assess potential opportunities for investment or strategic planning.
A sector of this market, organic baby formula, is expected to show considerable growth of 9. that% through 2025.
The statistic indicates that the organic baby formula sector of the market is projected to experience significant growth of 9. that% by the year 2025. This growth rate suggests a strong increase in demand for organic baby formula products in the coming years. Factors contributing to this expected growth could include shifting consumer preferences towards organic and natural products, increased awareness of health and safety concerns related to conventional baby formulas, and a growing emphasis on sustainability and environmentally-friendly practices. The projected growth rate of 9. that% highlights the potential for market expansion and opportunities for businesses operating in the organic baby formula industry to capitalize on this trend and meet the evolving needs and preferences of consumers.
China was the highest revenue-generating country in infant formula market 2018, accounting for 46.4% of the global market.
The statistic indicates that in 2018, China contributed the most revenue to the global infant formula market, accounting for 46.4% of the total market value. This suggests that China holds a dominant position in the industry, highlighting the significant demand for infant formula within the country. Factors such as population size, changing dietary habits, and increasing disposable incomes may have contributed to China’s strong presence in the market. The statistic underscores the importance of China as a key player in the global infant formula market and showcases the country’s substantial influence on the industry’s overall performance.
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.
The statement highlights a statistical forecast indicating that the Asia-Pacific region is expected to have a strong influence on the market in the coming years, surpassing other regions in terms of market share. Specifically, it suggests that by the year 2026, more than 50% of the total market share will be attributed to this region. This projection signals the significant potential and growth opportunities within the Asia-Pacific market, likely driven by various factors such as economic growth, technological advancements, changing consumer preferences, and expanding industries. As a result, businesses and stakeholders operating in this market are advised to pay close attention to this region and tailor their strategies to align with the projected dominance of the Asia-Pacific region.
Growing-up milk was the most consumed type of infant formula in 2018, accounting for more than half of the total market share.
The statistic implies that in 2018, growing-up milk was the preferred choice of infant formula among consumers, capturing a majority share of the total market. This suggests that parents were inclined towards this type of formula over other options available, such as starter formula or follow-on formula. The high market share indicates a strong demand for growing-up milk as a preferred source of nutrition for infants and young children. This data may also reflect factors such as marketing strategies, perceived nutritional benefits, or consumer preferences that influenced the purchasing decisions of parents during that period.
The e-commerce segment is estimated to portray the fastest CAGR of 14.3% from 2019 to 2026.
This statistic indicates that the e-commerce industry is expected to experience significant growth over a period of seven years, specifically from 2019 to 2026. The Compound Annual Growth Rate (CAGR) of 14.3% suggests that the e-commerce segment is projected to expand at a steady pace, with a relatively high rate of growth compared to other industries. This growth rate highlights the increasing popularity and adoption of online shopping platforms, indicating that consumers are increasingly turning towards digital channels for their purchasing needs. The estimation of a fast CAGR demonstrates a strong positive outlook for the e-commerce sector, making it an attractive area for investments and business opportunities.
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.
This statistic indicates that within the infant formula market, the follow-up formula segment is expected to experience significant growth between 2020 and 2027. The compound annual growth rate (CAGR) of 7.1% signifies the average annual growth rate of this segment over the specified period. The prediction suggests that there is a growing demand for follow-up formula products, likely attributed to factors such as increasing awareness about the importance of infant nutrition, changing lifestyles that may lead to reduced breastfeeding practices, and advancements in formula compositions that mimic breast milk more closely. This growth projection can inform market strategies for infant formula manufacturers and stakeholders looking to capitalize on the burgeoning follow-up formula segment in the coming years.
The infant formula market in Europe was valued at over USD 8 billion in 2020.
The statistic “‘The infant formula market in Europe was valued at over USD 8 billion in 2020” indicates the total economic worth of the market focused on providing infant formula products in Europe during the year 2020. This figure represents the cumulative revenue generated by companies selling infant formula products to consumers in European countries. The substantial market value of over USD 8 billion highlights the significant demand for infant formula as a nutritional source for babies and young children within the European region, illustrating the market’s size, importance, and economic impact on the industry and the broader economy.
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.
The statistic indicates that the use of lactose as a carbohydrate ingredient in infant formula has experienced substantial growth, with a Compound Annual Growth Rate (CAGR) exceeding 8% from 2020 to 2027. This suggests a consistent and rapid increase in the adoption of lactose in infant formula production over the specified timeframe. The significant growth in the usage of lactose could be attributed to various factors such as consumer preferences for natural ingredients, increased awareness about the nutritional benefits of lactose, and advancements in infant formula formulations. The consistent growth rate highlights a strong trend towards the incorporation of lactose in infant formula products, indicating a shift in the industry towards this particular carbohydrate source.
The powdered infant formula segment is expected to accrue over USD 24 billion by 2027.
This statistic indicates the projected market value for powdered infant formula by the year 2027, estimated to exceed USD 24 billion. This forecast suggests a substantial growth potential in the powdered infant formula segment over the coming years, driven by factors such as increasing awareness about the importance of infant nutrition, rising demand for convenient and easy-to-use baby food products, and expanding infant population globally. The significant market size forecast underscores the attractiveness of the powdered infant formula market for manufacturers, investors, and stakeholders, and reflects the ongoing trend towards the preference for formula feeding among parents.
The global infant formula ingredients market is expected to grow at a CAGR of 7.7% from 2021 to 2031.
This statistic indicates that the global infant formula ingredients market is projected to experience significant growth over the next decade, with a Compound Annual Growth Rate (CAGR) of 7.7% from 2021 to 2031. This growth rate suggests a steady increase in demand for infant formula ingredients and a positive outlook for the market. Factors such as increasing awareness about the importance of infant nutrition, rising disposable incomes in emerging economies, and shifting consumer preferences towards convenient and nutritionally fortified products are likely contributors to this anticipated growth. The forecasted CAGR serves as a valuable metric for investors, industry stakeholders, and policymakers to understand the expected trajectory and potential opportunities in the infant formula ingredients market in the coming years.
Cow’s milk-based ingredients will represent 81.8% of the total market opportunity for infant formula ingredients by 2031.
The statistic indicates that by the year 2031, cow’s milk-based ingredients are projected to make up 81.8% of the total market opportunity in the infant formula ingredients industry. This suggests that the demand for infant formula containing cow’s milk-based ingredients will dominate the market, representing a significant majority of the available market share. This statistic highlights the continued popularity and preference for cow’s milk-based infant formulas among consumers and signals a lucrative market opportunity for companies operating within the industry.
By 2031, Asia-Pacific excluding Japan will represent 44.8% of the total market for infant formula ingredients.
The statistic indicates that by the year 2031, the Asia-Pacific region excluding Japan is projected to account for 44.8% of the global market for infant formula ingredients. This suggests a significant and growing demand for infant formula products in the Asia-Pacific region, driven by factors such as population growth, increasing disposable incomes, urbanization, and changing dietary habits. The region’s substantial share of the market highlights its importance as a key market for infant formula manufacturers, suppliers, and retailers, who may need to tailor their products and marketing strategies to effectively cater to the diverse preferences and needs of consumers in this region.
The global infant formula market stood at a volume of 2.9 Million Tons in 2020.
The statistic that the global infant formula market stood at a volume of 2.9 million tons in 2020 represents the total quantity of infant formula products sold and consumed worldwide during that year. This figure indicates the significant demand for infant formula products across various regions and reflects the size and scale of the global infant nutrition industry. The volume of 2.9 million tons highlights the essential role that infant formula plays in providing nutrition to infants who may not be breastfed or require supplementation, and it serves as a key indicator of the market’s growth and relevance in meeting the dietary needs of infants on a global scale.
It is expected to grow at a CAGR of 5.5% in the forecast period of 2021-2026.
This statistic indicates that the variable in question is projected to experience a Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period spanning from 2021 to 2026. A CAGR of 5.5% implies that the variable is anticipated to increase at a steady annual rate of 5.5% over the specified time frame. This growth rate provides a concise way to understand the expected annualized growth of the variable and can be useful for forecasting future performance and making strategic decisions based on this trend.
Liquid infant formula accounts for nearly 20% of the overall market.
The statistic stating that liquid infant formula accounts for nearly 20% of the overall market indicates the proportion of total sales in the infant formula market that can be attributed to liquid products. This information suggests that liquid infant formula is a significant product segment within the market, capturing a sizable share of consumer demand. This statistic is valuable for market analysis and competitive positioning, as it gives insight into consumer preferences and purchasing trends within the infant formula industry. Additionally, it highlights the importance of liquid formula products for both manufacturers and retailers looking to capitalize on this market segment.
The largest market for infant formula is Asia, which constitutes almost two-thirds of the total global demand.
The statistic indicates that the Asian region represents a significant proportion of the global demand for infant formula, accounting for nearly two-thirds of the total market share. This suggests a high level of consumption and demand for infant formula products in Asia compared to other regions worldwide. Factors such as population growth, changing dietary habits, and rising income levels in Asian countries may contribute to this substantial market share. Understanding the dominance of Asia in the infant formula market can help businesses in the industry tailor their marketing strategies, product offerings, and distribution channels to effectively target consumers in this region and capitalize on the lucrative market opportunity provided by the high demand for infant formula in Asia.
Nestle S.A is the leading producer in the worldwide infant formula market.
The statistic that Nestle S.A is the leading producer in the worldwide infant formula market indicates that Nestle S.A holds the largest market share in the global infant formula industry, surpassing all other competitors. This suggests that Nestle S.A’s products are highly popular and trusted by consumers, leading to a dominant position in the market. The statistic may reflect Nestle S.A’s strong brand reputation, marketing strategies, product quality, distribution network, or pricing strategies that have propelled them to the top spot in the infant formula market on a global scale. This information is significant for investors, researchers, policymakers, and consumers interested in understanding the competitive landscape of the infant formula industry and the factors contributing to Nestle S.A’s market leadership.
Europe is currently the second-largest market for infant formula, representing around a quarter of the global market share.
The statistic indicates that Europe holds the position of the second-largest market for infant formula worldwide, accounting for approximately 25% of the total global market share. This means that a significant portion of infant formula products are consumed in Europe, highlighting the region’s substantial demand for such products. The data suggests that Europe plays a critical role in the global infant formula market and reflects the economic importance of the region in driving sales and consumption within this industry. Additionally, the statistic may also imply potential opportunities for manufacturers and businesses operating in the infant formula market to further tap into or expand their presence in Europe to capitalize on its considerable market size and influence.
Conclusion
The infant formula industry statistics reveal a dynamic and evolving market, with increasing demand driving growth in the sector. As more parents recognize the convenience and benefits of using infant formula, manufacturers continue to innovate and offer a diverse range of products to meet varying dietary and nutritional needs. Keeping abreast of these statistics is crucial for understanding trends, making informed business decisions, and ultimately contributing to the health and well-being of infants worldwide.
References
0. – https://www.www.expertmarketresearch.com
1. – https://www.www.gminsights.com
2. – https://www.www.alliedmarketresearch.com
3. – https://www.www.futuremarketinsights.com
4. – https://www.www.grandviewresearch.com
