The global infant formula market is expected to experience substantial growth over the next few years, with its market value estimated at USD 54.48 million in 2025. This growth trajectory is set to continue robustly, reaching an anticipated value of USD 125.46 million by 2035. The market is forecasted to grow at a CAGR of 8.7% between 2025 and 2035

Metric	Value
Industry Size (2025E)	USD 54.48 million
Industry Value (2035F)	USD 125.46 million
CAGR (2025 to 2035)	8.7%

Country wise Insights

Countries	CAGR, 2025 to 2035
United States	4.0%
UK	2.3%
China	6.8%

Category-wise Insights

Segment	Value Share (2025)
Starting Milk (Product Type)	48%

Segment	Value Share (2025)
Powder (Product Form)	65%

The United States infant formula market is valued at USD 6.56 billion in 2025 and is expected to reach USD 9.08 billion by 2035. This represents a CAGR of 3.3% from 2025 to 2035.

Metric	Value
Industry Size (2025E)	USD 6.56 billion
Industry Value (2035F)	USD 9.08 billion
CAGR (2025 to 2035)	3.3%

The Global Goat Milk Formula Market Report is Segmented by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Pharmacy/Drug Stores, Online Retail Channels, and Other Distribution Channels) and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers Market Sizes and Values (USD) for all the Above Segments.

As of 2023, Chinese dairy company Feihe remained the leading infant milk formula market player in China, with an about **** percent market share. Yili followed with a market share of **** percent.Infant formula market Since the “one-child policy” restrictions were lifted at the end of 2015, China saw a sudden increase in the number of newborns. While the new policy effect on the birthrate proved to be short-term, the mother and baby product market has been booming in China. Infant formula is one of the most in-demand and frequently purchased childcare-related products. The country relies heavily on imported baby food, especially after the globally reported scandal caused by the domestic product melamine contamination resulting in several infant deaths in 2008. China’s baby milk formula imports peaked in 2019, then fell back to *** thousand metric tons in 2023. Chinese consumers reported product safety and quality to be the most important purchasing decision influencing factors when shopping for baby food in China.China Feihe Limited Domestic infant formula brands account for less than half of the market in China. However, they are on the rise. In 2019, the government laid out new plans aiming to increase the market share of the local baby formula producers further. China Feihe Ltd. is the leading domestic infant formula producer, listed on the Hong Kong Stock Exchange since the end of 2019. The estimated revenue of the Beijing-headquartered company reached **** billion yuan that year and the market cap was the equivalent of more than ** billion yuan.

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Baby Food And Infant Formula Market Size 2025-2029

The baby food and infant formula market size is forecast to increase by USD 46.89 billion, at a CAGR of 8.2% between 2024 and 2029.

Major Market Trends & Insights

APAC dominated the market and accounted for a 31% growth during the forecast period.
By the Product - Infant formula segment was valued at USD 38.40 billion in 2023
By the Type - Milk formula segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 94.69 billion
Market Future Opportunities: USD 46886.50 billion 
CAGR : 8.2%
APAC: Largest market in 2023

Market Summary

The market is a significant sector within the global food industry, witnessing continuous growth and evolution. According to recent market studies, the demand for baby food and infant formula is projected to expand at a steady pace, with a focus on organic and specialty formulas. The organic baby food segment is expected to witness notable growth due to increasing consumer awareness and preference for healthier options. Additionally, the market for specialty infant formulas, catering to specific dietary needs, is also gaining traction. Despite these positive trends, the market faces challenges such as stringent regulations and concerns over product safety.
For instance, the number of product recalls in the infant formula sector has increased in recent years, highlighting the need for enhanced quality control measures. Nevertheless, companies are investing in research and development to introduce innovative solutions, such as nutrient-dense, allergy-friendly, and sustainable formulas. These advancements underscore the dynamic nature of the market and its commitment to meeting the evolving needs of families and infants.

What will be the Size of the Baby Food And Infant Formula Market during the forecast period?

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The market exhibits a steady expansion, with current sales accounting for approximately 50% of the global market share in the infant nutrition sector. Looking ahead, this segment is projected to witness a growth rate of around 4% yearly. Notably, the demand for organic and allergy-friendly options is on the rise, with these categories accounting for nearly a third of the market. In contrast, conventional baby food and formula represent slightly over half of the market share. This trend underscores the increasing importance of catering to diverse consumer preferences and dietary requirements. Moreover, advancements in product formulation and nutrient bioavailability have led to significant improvements in infant nutrition, ensuring optimal growth and development.
These innovations have contributed to the increasing popularity of ready-to-feed and powdered infant formula, which together make up the majority of the market. As the industry continues to evolve, companies focus on quality assurance, regulatory compliance, and sensory attributes to meet the growing demands of consumers and regulatory bodies. This commitment to excellence is essential for maintaining consumer trust and ensuring the long-term success of businesses in this sector.

How is this Baby Food And Infant Formula Industry segmented?

The baby food and infant formula industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Infant formula
  Baby food


Type

  Milk formula
  Dried baby food
  Prepared baby food
  Others


Formulation

  Organic
  Conventional


Age Group

  0-6 Months
  6-12 Months
  12-36 Months


Geography

  North America

    US
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The infant formula segment is estimated to witness significant growth during the forecast period.

The infant formula segment is projected to experience significant growth, driven by changing lifestyles, rising health awareness, and evolving consumer preferences. Approximately 27% of infants in the United States rely exclusively on bottle-feeding, underscoring the demand for advanced infant formula manufacturing processes that replicate breast milk composition. Formulations increasingly emphasize product formulation strategies that incorporate whey protein, essential vitamins, and mineral content to align with nutritional guidelines and dietary recommendations. Nutrient bioavailability and digestibility testing are critical for ensuring optimal absorption, while food safety standards,

The global infant milk formula market is projected to increase from a valuation of US$ 6.3 billion in 2024 to US$ 22.35 billion by the end of 2034, expanding at a CAGR of 13.5% over the next decade (2024 to 2034).

Report Attribute	Detail
Infant Milk Formula Market Size (2024E)	US$ 6.3 Billion
Forecasted Market Value (2034F)	US$ 22.35 Billion
Global Market Growth Rate (2024 to 2034)	13.5% CAGR
Canada Market Growth Rate (2024 to 2034)	14% CAGR
China Market Value (2034F)	US$ 2.45 Billion
North America Market Share (2024E)	23.9%
East Asia Market Share (2034F)	23.1%
Key Companies Profiled	Wyeth; Feihe; Danone; Frise; Mead Johnson & Company; Abbott Laboratories; Synutra International Inc.; Yili Group; Kraft Heinz Company; Meiji Holdings Co. Ltd.; FrieslandCampina N.V.

Country-wise Evaluation

Attribute	Canada
Market Value (2024E)	US$ 505.9 Million
Growth Rate (2024 to 2034)	14% CAGR
Projected Value (2034F)	US$ 1.87 Billion

Attribute	South Korea
Market Value (2024E)	US$ 313.3 Million
Growth Rate (2024 to 2034)	14.3% CAGR
Projected Value (2034F)	US$ 1.19 Billion

Category-wise Insights

Attribute	Starting Milk Formula
Segment Value (2024E)	US$ 2.49 Billion
Growth Rate (2024 to 2034)	13.3% CAGR
Projected Value (2034F)	US$ 8.67 Billion

Attribute	Specialty Stores
Segment Value (2024E)	US$ 2.13 Billion
Growth Rate (2024 to 2034)	13.2% CAGR
Projected Value (2034F)	US$ 7.35 Billion

The Infant Formula Market size was valued at USD 73.83 USD Billion in 2023 and is projected to reach USD 146.46 USD Billion by 2032, exhibiting a CAGR of 10.28 % during the forecast period. Infant formula is a processed food meant for feeding babies and infants who are below 12 months of age, taking the place of or used alongside breast milk. The types of infant formula are cow’s milk-based, soy-based, hydrolyzed, and those containing proteins that fit the special needs of premature or allergy-sensitive babies. Specific characteristics of the product include, a natural and healthy formula which is easy to digest, and even contains vitamins as well as minerals such as iron and DHA to assist in the development of the brain. Use extends from strict use as a sole food source for their young ones to being used as a complementary food source where there is inadequate breast milk or breastfeeding cannot take place. The advantages of manufactured food are that it’s standardized and always supplies the appropriate nutrients, it may be easier for working parents, and is available for mothers with certain medical conditions or nursing problems. Recent developments include: May 2023 - Arla Foods Ingredients launched an alpha-lactalbumin (alpha)-rich infant formula ingredient called Lacprodan Alpha-50. The new product was launched to meet the growing need for low-protein formulations., April 2023 – Danone Manifesto Ventures, the corporate venture arm of the French dairy giant Danone SA, invested around USD 2 million in Israeli cell-based breast milk startup Wilk. The aim of this investment was to develop cultured breast milk components for infant nutrition/formula using cell-based technology., March 2023 - Danone North America announced the availability of the new hypoallergenic baby formula brand Pepticate in the U.S. to support families with food allergies as the country continues to face a formula shortage. Pepticate is Europe's hypoallergenic, extensively hydrolyzed baby formula designed to relieve cow milk allergy symptoms (CMA) in infants aged 0 to 12 months., March 2022 - ByHeart, an infant nutrition company offering nutritious food for babies, launched its infant formula. Its team spent five years working with breast milk researchers to develop this formula, which includes a patented blend of the two most abundant proteins in breast milk and organic, grass-fed whole milk. The formula offers benefits such as easy digestion, less spit-up, and immune, gut, and cognitive development, all without corn syrup, maltodextrin, soy, or palm oil., January 2021 – Timios, an India-based packaged healthy snack brand for children, launched its "Made to Order Porridge" category for infants and toddlers. The product is designed keeping in mind the nutritional requirements of babies between the ages of 6 to 18 months, is available in 12 variants, and all the ingredients used are 100% Organic, USDA, and India Organic Certified.. Key drivers for this market are: Hectic Lifestyles Coupled With Product Innovations to Propel the Market Growth. Potential restraints include: Stringent Rules and Regulations and Safety Concerns Related to New Products May Hamper the Market Growth. Notable trends are: Increasing Consumer Shift toward Clean-label and Plant-based Products to Fuel the Market Growth.

The baby specialty milk formula market size was valued at USD 44.02 billion in 2024 and is set to exceed USD 81.98 billion by 2037, expanding at over 4.9% CAGR during the forecast period i.e., between 2025-2037. North America industry is poised to dominate majority revenue share by 2037, driven by increasing number of working mothers coupled with the rising number of women returning to work after giving birth.

This statistic presents the market share of the leading vendors of baby formula (powder) in the United States in 2016, based on dollar sales. For the 52 weeks ended January 24, 2016, Mead Johnson Nutrition and Abbott Nutrition were the key players in the baby formula segment in the United States. Mead Johnson Nutrition accounted for a market share of **** percent.

Infant Formula Market is estimated to be valued at USD 89.98 Bn in 2025 and is expected to expand at CAGR of 10.5%, reaching USD 181.11 Bn by 2032.

The statistic shows the retail value distribution of the global baby milk formula market in 2014, by category. In that year, toddler milk formula was the largest category, accounting for approximately ** percent of sales.

The infant formula market was valued at USD 68.20 Billion in 2024, driven by the increasing challenges with breastfeeding and increasing awareness regarding the benefits of infant formula across the globe. The market is anticipated to grow at a CAGR of 7.31% during the forecast period of 2025-2034 to achieve a value of USD 138.10 Billion by 2034.

Discover the latest insights from Market Research Intellect's Standard Milk Formula Market Report, valued at USD 45 billion in 2024, with significant growth projected to USD 70 billion by 2033 at a CAGR of 6.5% (2026-2033).

The global Infant formula market size was valued USD 70.98 billion in 2022 and is expected to rise to USD 153.26 billion by 2030 at a CAGR of 10.10%.

The Global Parenteral formula market indicate a valuation of USD 7.18 billion by 2025. According to the researchers, the market for parenteral formulas is expected to reach over USD 12.27 billion by 2035, recording a compound annual growth rate (CAGR) of 5.5% during the period from 2025 to 2035.

Attributes	Description
Estimated Global Parenteral Formula Industry Size (2025E)	USD 7.18 billion
Projected Global Parenteral Formula Industry Value (2035F)	USD 12.27 billion
Value-based CAGR (2025 to 2035)	5.5%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	5.1%
H2 (2024 to 2034)	5.3%
H1 (2025 to 2035)	5.4%
H2 (2025 to 2035)	5.5%

Country-wise Insights

Country	CAGR, 2025 to 2035
USA	5.2%
Germany	5.7%
China	6.0%
Japan	5.4%
India	6.3%

Category-Wise Insights

Segment	Amino Acids (By Type of Nutrient)
Value Share (2025)	28.5%

Segment	Cancer Care (By Indications)
Value Share (2025)	24.9%

According to Cognitive Market Research, the global Goat Milk Infant Formula market size will be USD 1624.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 649.80 million in 2024 and will rise at the compound annual growth rate (CAGR) of 6.2% from the year 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 487.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 373.64 million in 2024 and will rise at the compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 81.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from the year 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 32.49 million in 2024 and will rise at the compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The first class (6-12 months) goat milk infant formulas category is the fastest growing segment of the Goat Milk Infant Formula industry

Market Dynamics of Goat Milk Infant Formula Market

Key Drivers for Goat Milk Infant Formula Market

Growing Demand for Alternative Infant Nutrition to Boost Market Growth

The key driving factor for the goat milk infant formula market is the increasing demand for alternative infant nutrition solutions. Parents are becoming more acquainted with the potential benefits of goat milk as an alternative to traditional cow's milk, particularly for infants with sensitivities or allergies. Goat milk is considered easier to digest due to its smaller fat globules and different protein structures, which can make it a suitable option for infants who may experience gastrointestinal discomfort with cow's milk formulas. Additionally, goat milk is naturally rich in essential nutrients such as vitamins A, B2, and D, as well as minerals like calcium and phosphorus, which are crucial for an infant's growth and development. As parents seek healthier and more suitable nutrition options for their children, the market for goat milk infant formula is expected to continue its upward trajectory, fueled by this shift in consumer preferences. For instance, Kendamil launched the Goat Milk Infant and Toddler Formula range in the United States. Kendamil Goat utilizes the unique and scientifically validated properties of goat milk to provide a new, naturally gentle option for babies.

Rise in Health Consciousness Among Parents to Drive Market Growth

The rise in health consciousness among parents regarding their children's nutrition drives the market growth. With the surging focus on natural and organic products, many parents are actively seeking out high-quality, nutritious options for their infants. Goat milk infant formula often meets these criteria, as it is perceived to be more wholesome and closer to breast milk compared to conventional formulas. This perception, combined with the growing trend of clean-label products free from artificial additives and preservatives, is influencing consumer purchasing decisions. Furthermore, the increasing availability of goat milk infant formulas through online and retail channels is making it more accessible to parents. As health consciousness continues to shape consumer behavior, the goat milk infant formula market is likely to expand, catering to the demand for natural and nutritious feeding options for infants.

Restraint Factor for the Goat Milk Infant Formula Market

Supply Chain Challenges and Production Costs Will Limit Market Growth

Goat milk is less widely produced than cow's milk, leading to potential limitations in sourcing and availability. The lower scale of goat dairy farms can result in higher prices for raw goat milk, which translates to increased production costs for manufacturers. Additionally, maintaining quality and safety standards throughout the supply chain can be more complex, as goat milk requires specific handling and processing to ensure it meets nutritional and regulatory standards. These factors can limit market penetration, especially in price-sensitive regions where consumers may opt for more affordable cow's milk-based...

Global Lactose-free Infant Formula Market is segmented by Type (Organic & Conventional); by Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Stores, and Others); and by Geography.

Amino Acid Infant Formula Market Outlook

The Amino Acid Infant Formula market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach around USD 2.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period. This impressive growth is driven by rising awareness of infant nutrition, an increase in food allergies among infants, and advancements in formula manufacturing technologies.

One of the primary growth factors propelling the Amino Acid Infant Formula market is the increasing prevalence of cow's milk protein allergy (CMPA) among infants. CMPA affects a considerable percentage of infants globally, necessitating the need for specialized formulas that are free from cow's milk proteins. Amino acid formulas serve as an excellent alternative, providing all essential nutrients without causing allergic reactions, thus driving market demand.

Another significant driver is the growing awareness and emphasis on infant nutrition among parents. With a surge in educational campaigns and research studies highlighting the importance of early-life nutrition on long-term health, more parents are opting for specialized infant formulas to ensure their babies receive balanced nutrition. Additionally, the rising disposable income in several regions allows parents to invest more in premium nutritional products for their infants.

The advancements in manufacturing processes and innovations in formula composition also contribute to market growth. Companies are investing heavily in research and development to create formulas that closely mimic human breast milk. These innovations not only enhance the nutritional profile of the formulas but also improve their palatability and digestibility, making them more acceptable to infants and parents alike.

Amino Acid-based Surfactants are increasingly being explored for their potential benefits in the formulation of infant nutrition products. These surfactants, derived from natural amino acids, offer an eco-friendly and biodegradable alternative to traditional surfactants. Their gentle nature makes them particularly suitable for sensitive applications, such as infant formulas, where maintaining the integrity of delicate ingredients is crucial. The use of Amino Acid-based Surfactants in infant formula production can enhance the solubility and stability of the formula, ensuring that essential nutrients are effectively delivered to infants. As the industry continues to prioritize sustainability and safety, the integration of such innovative ingredients is likely to gain momentum, aligning with consumer demand for more natural and safe products for infants.

In terms of regional outlook, North America holds a significant share of the Amino Acid Infant Formula market due to high awareness levels, advanced healthcare infrastructure, and substantial investments in infant nutrition research. Europe follows closely, driven by stringent regulations on infant nutrition and a high prevalence of CMPA. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, fueled by an increasing birth rate, rising disposable incomes, and growing awareness about infant nutrition.

Product Type Analysis

The 'Powder' segment dominates the Amino Acid Infant Formula market. Powdered formulas offer several advantages, including longer shelf life and ease of storage and transportation. They are also cost-effective compared to their liquid counterparts, making them a popular choice among parents. Moreover, powdered formulas allow for easy customization of feeding quantities, which is particularly useful for parents managing their infants' dietary needs.

The 'Liquid' segment, though smaller in market share compared to the powdered segment, is gaining traction due to its convenience. Liquid formulas are ready-to-use, eliminating the need for mixing, which can be particularly beneficial for busy parents or those traveling. These formulas also reduce the risk of contamination during preparation, thereby ensuring higher safety and hygiene standards. This convenience factor is expected to drive the growth of the liquid segment in the coming years.

Report Scope

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Market Size and Growth: The global baby infant formula market is projected to reach a value of $95.37 billion by 2033, exhibiting a CAGR of 6.73% during the forecast period 2025-2033. This growth is driven by factors such as rising birth rates in developing countries, increasing awareness about the nutritional benefits of infant formula, and urbanization leading to changes in feeding practices. Drivers, Trends, and Restraints: Key drivers of the market include the growing adoption of formula-feeding due to the convenience and affordability, as well as the increasing prevalence of food allergies and digestive issues among infants. Industry trends such as the rise of organic and hypoallergenic formulas and the integration of advanced technologies in formula production are expected to shape the market's future. However, factors such as concerns about the safety of infant formula and the economic downturn in some regions may hinder growth. Recent developments include: , The baby infant formula market size was valued at USD 65.92 billion in 2023 and is projected to reach USD 125.7 billion by 2032, exhibiting a CAGR of 6.73% during the forecast period. The rising demand for convenient and nutritious food options for infants, growing awareness about the benefits of infant formula, and increasing disposable incomes in developing countries are major factors driving market growth. Additionally, the expansion of e-commerce platforms and the introduction of innovative products, such as organic and fortified formulas, are further contributing to market growth. Key industry participants are focusing on strategic partnerships, product launches, and acquisitions to strengthen their market position. For instance, in 2023, Danone acquired the infant formula business of Synutra International, Inc., to expand its presence in China.. Key drivers for this market are: Growing health awareness Rising disposable income Increasing demand for organic and specialized formulas e-commerce expansion.. Potential restraints include: Demand for Special Formula Rise in Birth Rate Government Regulations Increasing Awareness Growing Disposable Income..

Cow Milk Infant Formula Market Share size and share are expected to exceed USD 73.6 billion by 2035, with a compound annual growth rate (CAGR) of 4% during the forecast period