Global Infant Formula Milk Powder Market Size to Cross $ 27530 million by 2028

By Sachin Pashte  | Date: January 04, 2023

Global Infant Formula Milk Powder Market Size to Cross $ 27530 million by 2028

Research analysts assert that global Infant Formula Milk Powder Market compiled a valuation worth USD 25,860 million in 2021 and is anticipated to reach USD 27,530 million by 2028, flourishing at a CAGR of 0.9% during the forecast period.

The latest research report on 'Global Infant Formula Milk Powder Market' lends a competitive head start to stakeholders by illustrating the industry’s growth trajectory over 2022-2028 through an in-depth analysis of historical and recent performance. Moreover, the projections mentioned in the document are calculated and verified by experts using proven research methodologies. Apart from providing factual information sourced from both primary and secondary sources, it also includes various recommendations to help businesses in charting effective growth strategies.

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The research also underlines the key growth drivers and opportunities that will determine the profitability graph of the industry over the forecast period. It also enumerates the challenges and threats faced by the industry along with ways to overcome their impact. Besides, it comprehends the overall size and scope of the industry by individually assessing the sub-markets.

COVID-19 Impact:

One of the inimical effects of COVID-19 was global economic stagnation as well as disruptions in the manufacturing sector's financial and operational processes. Moreover, companies had to exercise caution when interpreting these unforeseen trends because they had been expanding their capacity to temporarily satisfy demand surges brought on by the virus outbreak. Notably, after the outbreak, changes in social, trade, economic, and political factors had an impact on the prospects for global infant formula milk powder industry's expansion. During the pandemic, the industry noticed erratic outcomes for a variety of applications and geographical regions. The analysis shows the market's growth potential through 2028 while also analyzing the effects of the same on various segments.

Segmentation & Regional Overview:

The marketplace is bifurcated on the basis of type and application. Based on type, the industry is segmented into base products and cans. With respect to the application landscape, the marketplace is fragmented into adults, 12-36 months baby, 6-12 months baby, and 0-6 months baby. An overview of these divisions presented in the report aids stakeholders in understanding the income potential of global infant formula milk powder market. Parameters such as market share, growth rate, and other relative aspects for each vertical are covered in the study.

Geographically, Asia Pacific, Europe, Latin America, Middle East & Africa, and North America are the dominant regions projected to contribute significantly to the market yield during the evaluation period. The study helps stakeholders determine regions with paramount possibilities for revenue improvement by employing a country-level analysis.

Competitive Analysis:

Wissun International, Synutra, Wonderson, Beingmate Baby & Child Food Co. Ltd., Bright Dairy & Food Co. Ltd., Feihe, Yashili International Holdings Ltd., Biostime, Yili Group, Meiji Group, Pinnacle Laboratories, Westland Milk Products, Fonterra Co-operative Group Limited, Holle, Arla Foods, Perrigo Co.,   HiPP International, Töpfer Babywelt, Bellamy's Organic, The H. J. Heinz Company, Royal FrieslandCampina N.V., Abbott Laboratories, Danone S.A., Nestlé S.A., and Mead Johnson & Company LLC are the key competitors in worldwide infant formula milk powder industry.

FAQs:

How are the different segments in global infant formula milk powder market bifurcated by application?

A: Adults, 12-36 months baby, 6-12 months baby, and 0-6 months baby are applications of infant formula milk powder assessed in the industry report.

How can interested parties benefit from this report?

A: The study, which serves as a valuable information resource, contains important data on the primary growth trends, limitation factors, and expansion opportunities that are anticipated to have an impact on this market’s revenue matrix between 2022 and 2028.

Which are the prominent companies influencing global infant formula milk powder market dynamics?

A: Wissun International, Synutra, Wonderson, Beingmate Baby & Child Food Co. Ltd., Bright Dairy & Food Co. Ltd., Feihe, Yashili International Holdings Ltd., Biostime, Yili Group, Meiji Group, Pinnacle Laboratories, Westland Milk Products, Fonterra Co-operative Group Limited, Holle, Arla Foods, Perrigo Co.,   HiPP International, Töpfer Babywelt, Bellamy's Organic, The H. J. Heinz Company, Royal FrieslandCampina N.V., Abbott Laboratories, Danone S.A., Nestlé S.A., and Mead Johnson & Company LLC are the key competitors in worldwide infant formula milk powder industry.

Which geographical areas are critical to global infant formula milk powder market revenue?

A: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa are the key regions contributing to market revenue.

What is the size of the worldwide market for infant formula milk powder?

A: Global infant formula milk powder market compiled a valuation worth USD 25,860 million in 2021 and is anticipated to reach USD 27,530 million by 2028, flourishing at a CAGR of 0.9% during the forecast period.

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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