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Infant Formula Market Share

Report ID: GMI3237
Published Date: Sep 2024
Report Format: PDF

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Infant Formula Market Share

Companies include, Nestlé SA, a global leader in nutrition, has significantly impacted the infant formula industry with its diverse portfolio and extensive distribution network. Hero Group has strengthened its presence with a focus on natural and organic infant formulas, appealing to health-conscious consumers. BUBS Australia stands out for its premium, grass-fed infant formulas, catering to the growing demand for high-quality, Australian-made products.

Nutricia, a subsidiary of Danone, contributes through its innovative range of scientifically advanced formulas designed to meet specific nutritional needs. Abbott Laboratories, known for its Similac brand, provides a wide array of infant nutrition solutions supported by cutting-edge research and technology.

Infant Formula Market Companies

Top companies operating in the infant formula industry include:

Nestlé SA
Hero Group
BUBS Australia
Nutricia
Abbot Laboratories
Mead Johnson Nutrition
Arla Group
Perrigo
HiPP Bellamy's Organic

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of infant formula reached USD 43.14 billion in 2023 and is set to expand at a CAGR of 10.3% between 2024 and 2032, driven by the rising incidence of premature births and metabolic disorders among babies.

The supermarket distribution channel held around 36.16% market share in 2023, amounting to USD 15.59 billion, and is predicted to grow at 10.2% CAGR from 2024 to 2032.

The toddler products segment is expected to capture USD 45.26 billion with an estimated CAGR of 10.8% by 2032, owing to the increasing instances of malnutrition among babies aged 0 to 6 months.

The Asia Pacific market is estimated to achieve USD 40.19 billion by 2032, with a CAGR of over 10.7% during 2024 to 2032.

Nestlé SA, Hero Group, BUBS Australia, Nutricia, Abbott Laboratories, Mead Johnson Nutrition, Arla Group, Perrigo, HiPP Bellamy's Organic.