Global Infant Formula Market (By Product & Distribution Channel): Insights & Forecast (2021-2025)
The major regional markets (China, Asia Pacific(ex. China), Europe, North America, Latin America and MEA) have been analyzed.
By: Koncept Analytics
The global infant formula market by product can be segmented as follows: toddler (1-2 months), standard (0-6 months), follow-on (6-12 months) and special (Premature & Allergic). In 2020, the dominant share of the market was held by toddler infant formula, followed by standard and follow-on infant formula. On the basis of distribution channel, the global infant formula market can be segmented into the following categories: hypermarkets/
The global infant formula market by region can be segmented into the following six regions: China, Asia Pacific (ex. China), Europe, North America, Latin America and MEA. In 2020, the dominant share of the global infant formula market was held by China, followed by Asia Pacific (ex. China) and Europe. The abolishment of one child policy in China was the one major factor that supported growth in China infant formula market. China is predicted to acquire dominant share in the global infant formula market, supported by various factors like increasing birth rates and growing preference for infant formula by working women.
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