Baby Specialty Milk Formula Market - Top Companies and Manufacturers

In the year 2024, the industry size of baby specialty milk formula is assessed at USD 43.81 Billion.

The baby specialty milk formula market size was over USD 41.96 Billion in 2023 and is likely to reach USD 78.15 Billion by the end of 2036, growing at around 4.9% CAGR during the forecast period i.e., between 2024-2036. Growing disposable income, high women employment rate in developed countries and decreasing breastfeeding rates are the major factors driving the market growth.

North America is expected to dominate majority industry share by 2036, driven by increasing number of working mothers coupled with the rising number of women returning to work after giving birth.

Danone S.A., Perrigo Nutritionals, Nestle SA, Piermen B.V., Bebelan Lacta Ltd., Mead Johnson & Company, LLC., Savencia Fromage & Dairy, Abbott Laboratories, Else Nutrition, Arla Foods Ingredients Group P/S