Infant formula market is expected to witness a significant growth during the forecast period. The demand for infant formula has surged due to growing focus on infant care and nutrition, increasing research and development activities, and industry focus on innovation and development of new products.
Increasing adoption of infant formula by middle-class population in emerging economies is further contributing to the growth of the market. Further, the consumer inclination toward clean-label and plant-based products is expected to Infant formula market pose growth opportunity for the market. In developed countries, the growth of the is attributed to rising awareness about health benefits of infant formula.