Published by Jessica Weisman-Pitts
Posted on February 25, 2025
Challenges in Monitoring and Managing Nutrition for Children Due to Busy Lifestyles Make Infant Milk Formula More Attractive: Fact.MR Report
As per a recently published report by Fact.MR, a market research & competitive intelligence provider, the revenue from the global infant milk formula market reached US$ 6.3 billion in 2024 and further projects to rise at a CAGR of 13.5% from 2024 to 2034.
Infant milk formula, which is made from processed cow's milk, is an essential source of nutrients for infants. It has whey and casein as protein, vegetable oils as fat, lactose as carbohydrates, and vitamins and minerals. With increasing mothers using formula milk, its market keeps growing.
The market for infant milk formula is growing at a fast pace as milk continues to be an essential source of nutrition for infants. For mothers who are unable or do not wish to breastfeed, formula milk is an important substitute, offering necessary nutrients for the healthy development of a baby. Where breastfeeding is not advisable, for example, maternal HIV or TB, formula milk is the best option, providing proper infant nutrition.
Drivers such as shifting consumer behavior, increased disposable income, and increased female employment have driven market expansion over the past few years. Busy urban parents, with multiple demands on their time, struggle to manage the diet of their children, resulting in a search for convenient and trustworthy feeding options. This rising demand for infant formula reflects the increased dependence on these products as a convenient and reliable option for busy caregivers.
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Key Takeaways from Market Study:
“Infant milk formula offers micronutrients that cow and other milk alternatives may not offer, giving a massive push to its sales across the world,” says a Fact.MR analyst.
Increasing Availability of Bovine Milk-based Formula for Infants
Breast milk is the best form of nutrition for infants. Yet, infant formula offers a valuable substitute for breastfeeding when it is not practical or possible to provide the growing child's nutritional needs. Bovine milk has been used as a primary ingredient in infant formula production for centuries. It is subsequently fortified with nutrients and bioactive substances to closely mimic the human breastfeeding composition.
Bovine milk-based formulas are the most common, yet not suitable for every baby, so alternatives made from caprine milk, soy, and rice protein are more and more the norm.
Key Market Players:
Japan's infant milk formula market will grow at a staggering CAGR of 14% during 2024-2034, with the nation likely to command a huge 29.4% share of the East Asia market by 2034.
In Canada, the large percentage of working mothers has created demand for infant formula, as women are unable to breastfeed because of time constraints, lack of support in the workplace, and other reasons. Likewise, cultural attitudes toward infant feeding in the United States and Canada have changed, with formula feeding becoming accepted as a convenient option for parents who cannot or do not wish to breastfeed, contributing further to market growth.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the infant milk formula market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on product type (starting milk formula, follow-on milk formula, toddler milk formula) and distribution channel (specialty stores, supermarkets, online retail, chemists/pharmacies/drugstores, others), across seven major regions of the world (North America, Latin America, Eastern Europe, Western Europe, East Asia, South Asia & Pacific, and MEA).
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About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.
With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay competitive.
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