As per the market analysis report titled ‘Infant Formula Market Size By Product (Standard, Follow-on, Toddler, Specialty), By Distribution Channel (Hypermarkets, Super Markets, Convenience Stores, Online) Industry Analysis Report, Regional (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Indonesia, Malaysia, Australia, South Korea, Thailand, Vietnam, Brazil, Mexico, Saudi Arabia, South Africa, UAE), Application Trends, Price Trends, Competitive Market Share & Forecast, 2019 – 2025’ available with MarketStudyReport, infant formula market is slated to exceed a valuation of USD 98 million by 2025.

Rise in infant population is a primary factor fuelling infant formula market development during the forecast period. Conclusive evidence available with the United Nations concurs that world infant population stood at 673.6 million in 2015 and is expected to reach 733.3 million by the end of 2025.

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Further, increasing number of working mothers, in consort with surge in proportion of middle-class population are likely to contribute significantly to industry development in the forthcoming years.

Based on product, the follow-on segment of the infant formula market enjoyed maximum sales in 2018, since this food segment caters to children in the age group of 6-12 months, wherein breastfeeding is generally stopped, and children are introduced to other kinds of foods.

With regards to distribution channel, the supermarket segment is slated to garner substantial returns and grow at a commendable CAGR of 9.5% during the analysis timeframe, attributable to expanding retail establishments across the globe, having wide product varieties in affordable range.

From a regional frame of reference, Europe infant formula marketplace is expected to showcase an annual growth rate of 9% during the forecast timeline, due to the presence of several industry moguls in the region.

Meanwhile, Asia Pacific market held a volume share of 35.6% in 2018. This development can be attributed to growing infant population in countries such as India, Vietnam, Thailand, Indonesia, and Pakistan, combined increasing awareness among parents about baby food, and government focus on improving infant mortality rate.

The competitive framework of the marketplace is majorly defined by key players such as Bubs Australia, Otsuka Pharmaceuticals Co. Ltd., HPP SRL Company, Hero Group, Arla Food Ingredients, Perrigo Nutritionals LLC, Abbot Laboratories, Reckitt Benckiser Group plc, Danone S.A., and Nestle S.A.