Challenges in Monitoring and Managing Nutrition for Children
Due to Busy Lifestyles Make Infant Milk Formula More
Attractive
ROCKVILLE, Md.,
May 23,
2024 /PRNewswire/ -- As per a recently published
report by Fact.MR, the global Infant Milk Formula Market is
estimated to reach US$ 6.3
billion in 2024 and surpass $22.35 billion by 2034, growing at a CAGR
of 13.5% from 2024 to 2034.
Since milk is a key nutritional choice for infants, the market
for baby milk formula is growing at a remarkable pace. For those
moms who are hesitant to breastfeed, milk formula is the only
alternative. Milk formula supplies all of the nutrients the infant
needs to stay healthy.
Mothers who are unable to breastfeed use milk formula due to its
flexibility and convenience. Breastfeeding is often discouraged
when a woman has HIV or TB; in such instances, a mother's milk
formula is the preferred option. Providing the child with the
proper nutrition is akin to nursing.
For More Insights into the Market, Request a Sample of this
Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10140
Various elements, such as changing consumer habits, greater
spending power, and more female employment, have all benefited
market players in recent decades. Many city dwellers struggle to
appropriately manage or monitor their children's dietary demands. A
hectic lifestyle is a major contributing factor to parents facing
challenges in feeding their babies, which has a detrimental
long-term influence on the baby's health. As a result, many parents
and caregivers look for simple solutions to meet their baby's
nutritional demands.
Key Takeaways from the Market Study:
- The North American market is calculated to hold a share of
24.3% by 2034.
- The market in East Asia is
projected to expand at a CAGR of 13.8% from 2024 to 2034.
- The United States market is
evaluated to expand at a CAGR of 14% through 2034. The country is
analyzed to occupy a market share of 45.6% in North America by 2034.
- Japan is forecasted to account
for a market share of 29.4% in East
Asia by 2034.
- Based on product type, the starting milk formula segment is set
to reach a valuation of US$ 2.49
billion in 2024.
"Infant milk formula offers micronutrients that cow
and other milk alternatives may not offer, giving a massive push to
its sales across the world," says a Fact.MR
analyst.
Increasing Availability of Bovine Milk-based Formula for
Infants
Breast milk is the finest source of nutrition for newborns.
However, infant formula provides an important alternative to
breastfeeding when it is not practicable or feasible to supply the
developing child's nutritional demands. Bovine milk has long been
utilized as a key ingredient in infant formula manufacture. It is
then enriched with nutrients and bioactive compounds to closely
approximate the composition of human breastfeeding.
Bovine milk-based infant formula is the most widely available,
but it is not ideal for all babies; hence, alternatives, such as
those based on caprine milk, soy, and rice protein, are becoming
increasingly common.
Get Customization on this Report for Specific Research
Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=10140
Rising Demand for Infant Milk Formula: A Global Overview of
Market Trends and Drivers
The market in Japan is expected
to expand at a remarkable CAGR of 14% from 2024 to 2034, projected
to capture a significant 29.4% share of the infant milk formula
market in East Asia by 2034.
Canada has a comparatively high
proportion of working mothers, many of whom face challenges in
breastfeeding due to time constraints, inadequate workplace
support, and other concerns. This has driven the demand for regular
milk formula as an alternative feeding option.
Cultural norms around newborn feeding methods in the United States and Canada have shifted significantly. Formula
feeding is now widely accepted as a viable option for parents who
are unable or unwilling to breastfeed. This shift in public
attitudes has contributed to infant milk formula market growth in
these countries.
Standard milk formula offers convenience and flexibility for
parents, allowing them to share feeding responsibilities with
partners, family members, or caregivers. This flexibility is
particularly appealing in Canada,
where individualism and independence are highly valued.
South Korea has experienced
significant lifestyle changes in recent years, with more women
entering the workforce. This trend has increased the demand for
formula feeding as an alternative to breastfeeding, as working
mothers may find exclusive breastfeeding challenging. Additionally,
South Korea's economic development
and rising disposable incomes have expanded the middle class,
enabling more families to afford formula feeding as a convenient
and reliable option.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of
the infant milk formula market for 2019 to 2023 and forecast
statistics for 2024 to 2034.
The study divulges essential insights into the market based
on product type (starting milk formula, follow-on milk
formula, toddler milk formula) and distribution channel (specialty
stores, supermarkets, online retail,
chemists/pharmacies/drugstores, and others), across seven major
regions of the world (North
America, Latin America,
Eastern Europe, Western Europe, East
Asia, South Asia &
Pacific, and MEA).
Check out More Related Studies Published by Fact.MR
Research:
Breast Milk Substitute Market is predicted to expand
at an impressive CAGR of 9.4% to reach a value
of $45.1 billion by 2032.
Infant Nutritional Premix Market was valued
at $242.6 million in 2023 and is predicted to
reach US$ 438.6 million by 2033.
Organic Infant Formula Market accelerating at
a CAGR of 7.6% and is predicted to reach a valuation of
$43.30 billion by 2033.
About Us:
Fact.MR is a distinguished market research
company renowned for its comprehensive market reports and
invaluable business insights. As a prominent player in business
intelligence, we deliver deep analysis, uncovering market trends,
growth paths, and competitive landscapes. Renowned for its
commitment to accuracy and reliability, we empower businesses with
crucial data and strategic recommendations, facilitating informed
decision-making and enhancing market positioning. With its
unwavering dedication to providing reliable market intelligence,
FACT.MR continues to assist companies in navigating dynamic market
challenges with confidence and achieving long-term success. With a
global presence and a team of experienced analysts, FACT.MR ensures
its clients receive actionable insights to capitalize on emerging
opportunities and stay ahead in the competitive
landscape.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
View original
content:https://www.prnewswire.com/news-releases/infant-milk-formula-market-poised-for-13-5-cagr-surge-targeting-22-35-billion-by-2034--states-factmr-302154141.html
SOURCE Fact.MR