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Infant Formula Market Share

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

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Infant Formula Market Share

Infant Formula Market Company Share, (2024)

Nestlé, 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 by focusing 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

Major players operating in the infant formula industry are:

Abbott Nutrition
Arla Food
Bellamy's Organic
BUBS Australia
Hero Group
Mead Johnson Nutrition
Nestle
Nutricia
Perrigo
The Kraft Heinz Company

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of infant formula reached USD 47.2 billion in 2024 and is set to grow at a 10.3% CAGR from 2025 to 2034, driven by the rising number of premature births and metabolic disorders in babies.

The toddler product segment was valued at USD 19.8 billion in 2024, mainly due to rising malnutrition rates among infants aged 0 to 6 months.

The U.S. market was valued at approximately USD 7.1 billion in 2024, led by high demand for premium and specialized formulas that address nutritional needs and allergies.

The key players in the industry include Abbott Nutrition, Arla Food, Bellamy's Organic, BUBS Australia, Hero Group, Mead Johnson Nutrition, Nestle, Nutricia, Perrigo, and The Kraft Heinz Company.