Infant formula is also referred to as a baby formula that has a rich nutritional value such as carbohydrates,vitamins, proteins, fats, and minerals. This formula is prepared for the baby for their overall development and provides crucial nutrients to the baby in the early phase of developments. Infant formula is suitable for children below 1 year of age.

The global infant formula market is estimated to account for US$ 32,237.4 Mn in terms of value in 2019.

Market Dynamics
The global infant formula market has witnessed significant growth in recent past years, owing to the changing consumer lifestyles which have led to a shift in food preference. For instance, growing demand for processed and convenience foods is expected to fuel the growth of the global infant formula market during the forecast period.

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Detailed Segmentation:
Global Infant Formula Market, By Product Type:
Starting Milk Formula
Follow-on Milk Formula
Toddler’s Milk Formula
Special Milk Formula
Global Infant Formula Market, By Distribution Channel:
Specialty Outlets
Supermarkets
Online Stores
Pharmacy Stores

Major Keyplayers: Nestlé S.A., Groupe Danone, Abbott Nutrition, Mead Johnson Nutrition, The Kraft Heinz Company, Meiji Holdings Co. Ltd., Beingmate Baby & Child food Co. Ltd., Synutra International Inc., Pfizer Inc., and FrieslandCampina. N.V.

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