Infant Formula Market Size

Infant Formula Market Size

The global infant formula market size was valued at USD 47.2 billion in 2024 and is estimated to grow at a CAGR of over 10.3% from 2025 to 2034. The rising number of premature births and metabolic disorders in babies are key drivers for industry growth. Infant formula is becoming more accepted as a safe alternative to breast milk, providing essential vitamins, fats, and minerals. In recent years, premature births have increased.

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According to the March of Dimes Organization, nearly 380,000 babies are born prematurely each year in the U.S., which is a significant issue even in well-resourced countries. These factors support the use of infant formula to meet the nutritional needs of preterm babies.
 

Additionally, the market is growing due to higher birth rates and more parental awareness of nutrition. Key trends include a move towards organic and plant-based formulas, driven by health concerns and worries about synthetic ingredients. Advances in formula production and packaging are making products safer and more convenient. Emerging markets, especially in Asia-Pacific, are expanding quickly due to higher incomes and changing lifestyles. Regulatory changes and strict quality controls are also affecting the infant formula market. Companies are focusing on innovation and sustainability to stay competitive in this changing landscape. 
 

 The growing infant population and more women working contribute to higher demand for convenient, ready-to-use food products. With busy lifestyles, many households need quick meal solutions, increasing the demand for diverse and high-quality seasonings. Greater consumer awareness of wellness and the rise of home healthcare are driving interest in natural and health-focused seasoning options, aligning with trends towards healthier eating.
 

A strong distribution network and the widespread use of e-commerce platforms make it easy to access a variety of seasoning products, increasing market reach and consumer choice. Additionally, the rising number of premature births and metabolic disorders in infants highlights the need for specialized, health-focused seasoning alternatives. Despite a favorable business environment, strict regulations on infant food products may limit industry growth to some extent.