As per the report published by Fortune Business Insights, the global infant formula market size was valued at USD 45.12 Billion in 2018 and is anticipated to surpass USD 103 Billion by 2026. Introduction of innovative packaging, premiumization, new changes in ingredient mix is driving the Infant Formula Market growth. This, coupled with the delivery of effective communication on product offerings, is expected to benefit the long-term growth of the market.

Rising awareness about the nutritional benefits of infant baby products is spurring growth in the global Infant Formula Market. This shows that the demand for infant nutrition products will increase, with manufacturers embarking on designing the formulations that closely replicates the composition of breast milk. Despite a decrease in birth rates, infant milk formula is gaining huge attention primarily owing to the increase in working women population.

Fortune Business Insights in a new study, titled "Infant Formula Market Size, Share & Industry Analysis, By Type (Infant Milk, Follow-on-Milk, Others), Distribution Channel (Hypermarkets/ Supermarkets, Pharmacy/ Medical Stores, Specialty Stores, Others), and Regional Forecast, 2019-2026" states that the global market is anticipated to report a remarkable CAGR of 10.85% during the forecast period. The report sheds light on the detailed evaluation of the market based on segments, competitive landscape, and dynamics.

https://www.fortunebusinessinsights.com/industry-reports/infant-formula-market-101498