Milk Infant Formula - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

• Description
• Table of Contents
• Table of Figures
• PDF Download

• Description
• Table of Contents
• Table of Figures
• PDF Download

Milk Infant Formula is usually made from cows' milk that has been treated to make it more suitable for babies.

The global market for Milk Infant Formula was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.

According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Milk Infant Formula, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Milk Infant Formula by region & country, by Type, and by Application.

The Milk Infant Formula market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Milk Infant Formula.

Market Segmentation

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Milk Infant Formula manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Milk Infant Formula in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Milk Infant Formula in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

 1 Market Overview
    1.1 Milk Infant Formula Product Introduction
    1.2 Global Milk Infant Formula Market Size Forecast
        1.2.1 Global Milk Infant Formula Sales Value (2019-2030)
        1.2.2 Global Milk Infant Formula Sales Volume (2019-2030)
        1.2.3 Global Milk Infant Formula Sales Price (2019-2030)
    1.3 Milk Infant Formula Market Trends & Drivers
        1.3.1 Milk Infant Formula Industry Trends
        1.3.2 Milk Infant Formula Market Drivers & Opportunity
        1.3.3 Milk Infant Formula Market Challenges
        1.3.4 Milk Infant Formula Market Restraints
    1.4 Assumptions and Limitations
    1.5 Study Objectives
    1.6 Years Considered

 2 Competitive Analysis by Company
    2.1 Global Milk Infant Formula Players Revenue Ranking (2023)
    2.2 Global Milk Infant Formula Revenue by Company (2019-2024)
    2.3 Global Milk Infant Formula Players Sales Volume Ranking (2023)
    2.4 Global Milk Infant Formula Sales Volume by Company Players (2019-2024)
    2.5 Global Milk Infant Formula Average Price by Company (2019-2024)
    2.6 Key Manufacturers Milk Infant Formula Manufacturing Base Distribution and Headquarters
    2.7 Key Manufacturers Milk Infant Formula Product Offered
    2.8 Key Manufacturers Time to Begin Mass Production of Milk Infant Formula
    2.9 Milk Infant Formula Market Competitive Analysis
        2.9.1 Milk Infant Formula Market Concentration Rate (2019-2024)
        2.9.2 Global 5 and 10 Largest Manufacturers by Milk Infant Formula Revenue in 2023
        2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Milk Infant Formula as of 2023)
    2.10 Mergers & Acquisitions, Expansion

 3 Segmentation by Type
    3.1 Introduction by Type
        3.1.1 SMP
        3.1.2 WMP
        3.1.3 Whey Powders
        3.1.4 Others
    3.2 Global Milk Infant Formula Sales Value by Type
        3.2.1 Global Milk Infant Formula Sales Value by Type (2019 VS 2023 VS 2030)
        3.2.2 Global Milk Infant Formula Sales Value, by Type (2019-2030)
        3.2.3 Global Milk Infant Formula Sales Value, by Type (%) (2019-2030)
    3.3 Global Milk Infant Formula Sales Volume by Type
        3.3.1 Global Milk Infant Formula Sales Volume by Type (2019 VS 2023 VS 2030)
        3.3.2 Global Milk Infant Formula Sales Volume, by Type (2019-2030)
        3.3.3 Global Milk Infant Formula Sales Volume, by Type (%) (2019-2030)
    3.4 Global Milk Infant Formula Average Price by Type (2019-2030)

 4 Segmentation by Application
    4.1 Introduction by Application
        4.1.1 0~6 Months Baby
        4.1.2 6~12 Months Baby
        4.1.3 1~3 Years Baby
    4.2 Global Milk Infant Formula Sales Value by Application
        4.2.1 Global Milk Infant Formula Sales Value by Application (2019 VS 2023 VS 2030)
        4.2.2 Global Milk Infant Formula Sales Value, by Application (2019-2030)
        4.2.3 Global Milk Infant Formula Sales Value, by Application (%) (2019-2030)
    4.3 Global Milk Infant Formula Sales Volume by Application
        4.3.1 Global Milk Infant Formula Sales Volume by Application (2019 VS 2023 VS 2030)
        4.3.2 Global Milk Infant Formula Sales Volume, by Application (2019-2030)
        4.3.3 Global Milk Infant Formula Sales Volume, by Application (%) (2019-2030)
    4.4 Global Milk Infant Formula Average Price by Application (2019-2030)

 5 Segmentation by Region
    5.1 Global Milk Infant Formula Sales Value by Region
        5.1.1 Global Milk Infant Formula Sales Value by Region: 2019 VS 2023 VS 2030
        5.1.2 Global Milk Infant Formula Sales Value by Region (2019-2024)
        5.1.3 Global Milk Infant Formula Sales Value by Region (2025-2030)
        5.1.4 Global Milk Infant Formula Sales Value by Region (%), (2019-2030)
    5.2 Global Milk Infant Formula Sales Volume by Region
        5.2.1 Global Milk Infant Formula Sales Volume by Region: 2019 VS 2023 VS 2030
        5.2.2 Global Milk Infant Formula Sales Volume by Region (2019-2024)
        5.2.3 Global Milk Infant Formula Sales Volume by Region (2025-2030)
        5.2.4 Global Milk Infant Formula Sales Volume by Region (%), (2019-2030)
    5.3 Global Milk Infant Formula Average Price by Region (2019-2030)
    5.4 North America
        5.4.1 North America Milk Infant Formula Sales Value, 2019-2030
        5.4.2 North America Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    5.5 Europe
        5.5.1 Europe Milk Infant Formula Sales Value, 2019-2030
        5.5.2 Europe Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    5.6 Asia Pacific
        5.6.1 Asia Pacific Milk Infant Formula Sales Value, 2019-2030
        5.6.2 Asia Pacific Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    5.7 South America
        5.7.1 South America Milk Infant Formula Sales Value, 2019-2030
        5.7.2 South America Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    5.8 Middle East & Africa
        5.8.1 Middle East & Africa Milk Infant Formula Sales Value, 2019-2030
        5.8.2 Middle East & Africa Milk Infant Formula Sales Value by Country (%), 2023 VS 2030

 6 Segmentation by Key Countries/Regions
    6.1 Key Countries/Regions Milk Infant Formula Sales Value Growth Trends, 2019 VS 2023 VS 2030
    6.2 Key Countries/Regions Milk Infant Formula Sales Value
        6.2.1 Key Countries/Regions Milk Infant Formula Sales Value, 2019-2030
        6.2.2 Key Countries/Regions Milk Infant Formula Sales Volume, 2019-2030
    6.3 United States
        6.3.1 United States Milk Infant Formula Sales Value, 2019-2030
        6.3.2 United States Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
        6.3.3 United States Milk Infant Formula Sales Value by Application, 2023 VS 2030
    6.4 Europe
        6.4.1 Europe Milk Infant Formula Sales Value, 2019-2030
        6.4.2 Europe Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
        6.4.3 Europe Milk Infant Formula Sales Value by Application, 2023 VS 2030
    6.5 China
        6.5.1 China Milk Infant Formula Sales Value, 2019-2030
        6.5.2 China Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
        6.5.3 China Milk Infant Formula Sales Value by Application, 2023 VS 2030
    6.6 Japan
        6.6.1 Japan Milk Infant Formula Sales Value, 2019-2030
        6.6.2 Japan Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
        6.6.3 Japan Milk Infant Formula Sales Value by Application, 2023 VS 2030
    6.7 South Korea
        6.7.1 South Korea Milk Infant Formula Sales Value, 2019-2030
        6.7.2 South Korea Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
        6.7.3 South Korea Milk Infant Formula Sales Value by Application, 2023 VS 2030
    6.8 Southeast Asia
        6.8.1 Southeast Asia Milk Infant Formula Sales Value, 2019-2030
        6.8.2 Southeast Asia Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
        6.8.3 Southeast Asia Milk Infant Formula Sales Value by Application, 2023 VS 2030
    6.9 India
        6.9.1 India Milk Infant Formula Sales Value, 2019-2030
        6.9.2 India Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
        6.9.3 India Milk Infant Formula Sales Value by Application, 2023 VS 2030

 7 Company Profiles
    7.1 Mead Johnson
        7.1.1 Mead Johnson Company Information
        7.1.2 Mead Johnson Introduction and Business Overview
        7.1.3 Mead Johnson Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.1.4 Mead Johnson Milk Infant Formula Product Offerings
        7.1.5 Mead Johnson Recent Development
    7.2 Nestle
        7.2.1 Nestle Company Information
        7.2.2 Nestle Introduction and Business Overview
        7.2.3 Nestle Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.2.4 Nestle Milk Infant Formula Product Offerings
        7.2.5 Nestle Recent Development
    7.3 Danone
        7.3.1 Danone Company Information
        7.3.2 Danone Introduction and Business Overview
        7.3.3 Danone Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.3.4 Danone Milk Infant Formula Product Offerings
        7.3.5 Danone Recent Development
    7.4 Abbott
        7.4.1 Abbott Company Information
        7.4.2 Abbott Introduction and Business Overview
        7.4.3 Abbott Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.4.4 Abbott Milk Infant Formula Product Offerings
        7.4.5 Abbott Recent Development
    7.5 FrieslandCampina
        7.5.1 FrieslandCampina Company Information
        7.5.2 FrieslandCampina Introduction and Business Overview
        7.5.3 FrieslandCampina Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.5.4 FrieslandCampina Milk Infant Formula Product Offerings
        7.5.5 FrieslandCampina Recent Development
    7.6 Heinz
        7.6.1 Heinz Company Information
        7.6.2 Heinz Introduction and Business Overview
        7.6.3 Heinz Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.6.4 Heinz Milk Infant Formula Product Offerings
        7.6.5 Heinz Recent Development
    7.7 Bellamy
        7.7.1 Bellamy Company Information
        7.7.2 Bellamy Introduction and Business Overview
        7.7.3 Bellamy Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.7.4 Bellamy Milk Infant Formula Product Offerings
        7.7.5 Bellamy Recent Development
    7.8 Topfer
        7.8.1 Topfer Company Information
        7.8.2 Topfer Introduction and Business Overview
        7.8.3 Topfer Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.8.4 Topfer Milk Infant Formula Product Offerings
        7.8.5 Topfer Recent Development
    7.9 HiPP
        7.9.1 HiPP Company Information
        7.9.2 HiPP Introduction and Business Overview
        7.9.3 HiPP Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.9.4 HiPP Milk Infant Formula Product Offerings
        7.9.5 HiPP Recent Development
    7.10 Perrigo
        7.10.1 Perrigo Company Information
        7.10.2 Perrigo Introduction and Business Overview
        7.10.3 Perrigo Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.10.4 Perrigo Milk Infant Formula Product Offerings
        7.10.5 Perrigo Recent Development
    7.11 Arla
        7.11.1 Arla Company Information
        7.11.2 Arla Introduction and Business Overview
        7.11.3 Arla Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.11.4 Arla Milk Infant Formula Product Offerings
        7.11.5 Arla Recent Development
    7.12 Holle
        7.12.1 Holle Company Information
        7.12.2 Holle Introduction and Business Overview
        7.12.3 Holle Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.12.4 Holle Milk Infant Formula Product Offerings
        7.12.5 Holle Recent Development
    7.13 Fonterra
        7.13.1 Fonterra Company Information
        7.13.2 Fonterra Introduction and Business Overview
        7.13.3 Fonterra Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.13.4 Fonterra Milk Infant Formula Product Offerings
        7.13.5 Fonterra Recent Development
    7.14 Westland Dairy
        7.14.1 Westland Dairy Company Information
        7.14.2 Westland Dairy Introduction and Business Overview
        7.14.3 Westland Dairy Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.14.4 Westland Dairy Milk Infant Formula Product Offerings
        7.14.5 Westland Dairy Recent Development
    7.15 Pinnacle
        7.15.1 Pinnacle Company Information
        7.15.2 Pinnacle Introduction and Business Overview
        7.15.3 Pinnacle Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.15.4 Pinnacle Milk Infant Formula Product Offerings
        7.15.5 Pinnacle Recent Development
    7.16 Meiji
        7.16.1 Meiji Company Information
        7.16.2 Meiji Introduction and Business Overview
        7.16.3 Meiji Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.16.4 Meiji Milk Infant Formula Product Offerings
        7.16.5 Meiji Recent Development
    7.17 Yili
        7.17.1 Yili Company Information
        7.17.2 Yili Introduction and Business Overview
        7.17.3 Yili Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.17.4 Yili Milk Infant Formula Product Offerings
        7.17.5 Yili Recent Development
    7.18 Biostime
        7.18.1 Biostime Company Information
        7.18.2 Biostime Introduction and Business Overview
        7.18.3 Biostime Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.18.4 Biostime Milk Infant Formula Product Offerings
        7.18.5 Biostime Recent Development
    7.19 Yashili
        7.19.1 Yashili Company Information
        7.19.2 Yashili Introduction and Business Overview
        7.19.3 Yashili Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.19.4 Yashili Milk Infant Formula Product Offerings
        7.19.5 Yashili Recent Development
    7.20 Feihe
        7.20.1 Feihe Company Information
        7.20.2 Feihe Introduction and Business Overview
        7.20.3 Feihe Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.20.4 Feihe Milk Infant Formula Product Offerings
        7.20.5 Feihe Recent Development
    7.21 Brightdairy
        7.21.1 Brightdairy Company Information
        7.21.2 Brightdairy Introduction and Business Overview
        7.21.3 Brightdairy Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.21.4 Brightdairy Milk Infant Formula Product Offerings
        7.21.5 Brightdairy Recent Development
    7.22 Beingmate
        7.22.1 Beingmate Company Information
        7.22.2 Beingmate Introduction and Business Overview
        7.22.3 Beingmate Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.22.4 Beingmate Milk Infant Formula Product Offerings
        7.22.5 Beingmate Recent Development
    7.23 Wonderson
        7.23.1 Wonderson Company Information
        7.23.2 Wonderson Introduction and Business Overview
        7.23.3 Wonderson Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.23.4 Wonderson Milk Infant Formula Product Offerings
        7.23.5 Wonderson Recent Development
    7.24 Synutra
        7.24.1 Synutra Company Information
        7.24.2 Synutra Introduction and Business Overview
        7.24.3 Synutra Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.24.4 Synutra Milk Infant Formula Product Offerings
        7.24.5 Synutra Recent Development
    7.25 Wissun
        7.25.1 Wissun Company Information
        7.25.2 Wissun Introduction and Business Overview
        7.25.3 Wissun Milk Infant Formula Sales, Revenue and Gross Margin (2019-2024)
        7.25.4 Wissun Milk Infant Formula Product Offerings
        7.25.5 Wissun Recent Development

 8 Industry Chain Analysis
    8.1 Milk Infant Formula Industrial Chain
    8.2 Milk Infant Formula Upstream Analysis
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
        8.2.3 Manufacturing Cost Structure
    8.3 Midstream Analysis
    8.4 Downstream Analysis (Customers Analysis)
    8.5 Sales Model and Sales Channels
        8.5.1 Milk Infant Formula Sales Model
        8.5.2 Sales Channel
        8.5.3 Milk Infant Formula Distributors

 9 Research Findings and Conclusion

 10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
        10.1.2 Data Source
    10.2 Author Details
    10.3 Disclaimer

List of Tables
    Table 1. Milk Infant Formula Market Trends
    Table 2. Milk Infant Formula Market Drivers & Opportunity
    Table 3. Milk Infant Formula Market Challenges
    Table 4. Milk Infant Formula Market Restraints
    Table 5. Global Milk Infant Formula Revenue by Company (2019-2024) & (US$ Million)
    Table 6. Global Milk Infant Formula Revenue Market Share by Company (2019-2024)
    Table 7. Global Milk Infant Formula Sales Volume by Company (2019-2024) & (MT)
    Table 8. Global Milk Infant Formula Sales Volume Market Share by Company (2019-2024)
    Table 9. Global Market Milk Infant Formula Price by Company (2019-2024) & (USD/MT)
    Table 10. Key Manufacturers Milk Infant Formula Manufacturing Base Distribution and Headquarters
    Table 11. Key Manufacturers Milk Infant Formula Product Type
    Table 12. Key Manufacturers Time to Begin Mass Production of Milk Infant Formula
    Table 13. Global Milk Infant Formula Manufacturers Market Concentration Ratio (CR5 and HHI)
    Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Milk Infant Formula as of 2023)
    Table 15. Mergers & Acquisitions, Expansion Plans
    Table 16. Global Milk Infant Formula Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
    Table 17. Global Milk Infant Formula Sales Value by Type (2019-2024) & (US$ Million)
    Table 18. Global Milk Infant Formula Sales Value by Type (2025-2030) & (US$ Million)
    Table 19. Global Milk Infant Formula Sales Market Share in Value by Type (2019-2024) & (%)
    Table 20. Global Milk Infant Formula Sales Market Share in Value by Type (2025-2030) & (%)
    Table 21. Global Milk Infant Formula Sales Volume by Type: 2019 VS 2023 VS 2030 (MT)
    Table 22. Global Milk Infant Formula Sales Volume by Type (2019-2024) & (MT)
    Table 23. Global Milk Infant Formula Sales Volume by Type (2025-2030) & (MT)
    Table 24. Global Milk Infant Formula Sales Market Share in Volume by Type (2019-2024) & (%)
    Table 25. Global Milk Infant Formula Sales Market Share in Volume by Type (2025-2030) & (%)
    Table 26. Global Milk Infant Formula Price by Type (2019-2024) & (USD/MT)
    Table 27. Global Milk Infant Formula Price by Type (2025-2030) & (USD/MT)
    Table 28. Global Milk Infant Formula Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
    Table 29. Global Milk Infant Formula Sales Value by Application (2019-2024) & (US$ Million)
    Table 30. Global Milk Infant Formula Sales Value by Application (2025-2030) & (US$ Million)
    Table 31. Global Milk Infant Formula Sales Market Share in Value by Application (2019-2024) & (%)
    Table 32. Global Milk Infant Formula Sales Market Share in Value by Application (2025-2030) & (%)
    Table 33. Global Milk Infant Formula Sales Volume by Application: 2019 VS 2023 VS 2030 (MT)
    Table 34. Global Milk Infant Formula Sales Volume by Application (2019-2024) & (MT)
    Table 35. Global Milk Infant Formula Sales Volume by Application (2025-2030) & (MT)
    Table 36. Global Milk Infant Formula Sales Market Share in Volume by Application (2019-2024) & (%)
    Table 37. Global Milk Infant Formula Sales Market Share in Volume by Application (2025-2030) & (%)
    Table 38. Global Milk Infant Formula Price by Application (2019-2024) & (USD/MT)
    Table 39. Global Milk Infant Formula Price by Application (2025-2030) & (USD/MT)
    Table 40. Global Milk Infant Formula Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
    Table 41. Global Milk Infant Formula Sales Value by Region (2019-2024) & (US$ Million)
    Table 42. Global Milk Infant Formula Sales Value by Region (2025-2030) & (US$ Million)
    Table 43. Global Milk Infant Formula Sales Value by Region (2019-2024) & (%)
    Table 44. Global Milk Infant Formula Sales Value by Region (2025-2030) & (%)
    Table 45. Global Milk Infant Formula Sales Volume by Region (MT): 2019 VS 2023 VS 2030
    Table 46. Global Milk Infant Formula Sales Volume by Region (2019-2024) & (MT)
    Table 47. Global Milk Infant Formula Sales Volume by Region (2025-2030) & (MT)
    Table 48. Global Milk Infant Formula Sales Volume by Region (2019-2024) & (%)
    Table 49. Global Milk Infant Formula Sales Volume by Region (2025-2030) & (%)
    Table 50. Global Milk Infant Formula Average Price by Region (2019-2024) & (USD/MT)
    Table 51. Global Milk Infant Formula Average Price by Region (2025-2030) & (USD/MT)
    Table 52. Key Countries/Regions Milk Infant Formula Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
    Table 53. Key Countries/Regions Milk Infant Formula Sales Value, (2019-2024) & (US$ Million)
    Table 54. Key Countries/Regions Milk Infant Formula Sales Value, (2025-2030) & (US$ Million)
    Table 55. Key Countries/Regions Milk Infant Formula Sales Volume, (2019-2024) & (MT)
    Table 56. Key Countries/Regions Milk Infant Formula Sales Volume, (2025-2030) & (MT)
    Table 57. Mead Johnson Company Information
    Table 58. Mead Johnson Introduction and Business Overview
    Table 59. Mead Johnson Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 60. Mead Johnson Milk Infant Formula Product Offerings
    Table 61. Mead Johnson Recent Development
    Table 62. Nestle Company Information
    Table 63. Nestle Introduction and Business Overview
    Table 64. Nestle Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 65. Nestle Milk Infant Formula Product Offerings
    Table 66. Nestle Recent Development
    Table 67. Danone Company Information
    Table 68. Danone Introduction and Business Overview
    Table 69. Danone Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 70. Danone Milk Infant Formula Product Offerings
    Table 71. Danone Recent Development
    Table 72. Abbott Company Information
    Table 73. Abbott Introduction and Business Overview
    Table 74. Abbott Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 75. Abbott Milk Infant Formula Product Offerings
    Table 76. Abbott Recent Development
    Table 77. FrieslandCampina Company Information
    Table 78. FrieslandCampina Introduction and Business Overview
    Table 79. FrieslandCampina Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 80. FrieslandCampina Milk Infant Formula Product Offerings
    Table 81. FrieslandCampina Recent Development
    Table 82. Heinz Company Information
    Table 83. Heinz Introduction and Business Overview
    Table 84. Heinz Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 85. Heinz Milk Infant Formula Product Offerings
    Table 86. Heinz Recent Development
    Table 87. Bellamy Company Information
    Table 88. Bellamy Introduction and Business Overview
    Table 89. Bellamy Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 90. Bellamy Milk Infant Formula Product Offerings
    Table 91. Bellamy Recent Development
    Table 92. Topfer Company Information
    Table 93. Topfer Introduction and Business Overview
    Table 94. Topfer Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 95. Topfer Milk Infant Formula Product Offerings
    Table 96. Topfer Recent Development
    Table 97. HiPP Company Information
    Table 98. HiPP Introduction and Business Overview
    Table 99. HiPP Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 100. HiPP Milk Infant Formula Product Offerings
    Table 101. HiPP Recent Development
    Table 102. Perrigo Company Information
    Table 103. Perrigo Introduction and Business Overview
    Table 104. Perrigo Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 105. Perrigo Milk Infant Formula Product Offerings
    Table 106. Perrigo Recent Development
    Table 107. Arla Company Information
    Table 108. Arla Introduction and Business Overview
    Table 109. Arla Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 110. Arla Milk Infant Formula Product Offerings
    Table 111. Arla Recent Development
    Table 112. Holle Company Information
    Table 113. Holle Introduction and Business Overview
    Table 114. Holle Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 115. Holle Milk Infant Formula Product Offerings
    Table 116. Holle Recent Development
    Table 117. Fonterra Company Information
    Table 118. Fonterra Introduction and Business Overview
    Table 119. Fonterra Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 120. Fonterra Milk Infant Formula Product Offerings
    Table 121. Fonterra Recent Development
    Table 122. Westland Dairy Company Information
    Table 123. Westland Dairy Introduction and Business Overview
    Table 124. Westland Dairy Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 125. Westland Dairy Milk Infant Formula Product Offerings
    Table 126. Westland Dairy Recent Development
    Table 127. Pinnacle Company Information
    Table 128. Pinnacle Introduction and Business Overview
    Table 129. Pinnacle Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 130. Pinnacle Milk Infant Formula Product Offerings
    Table 131. Pinnacle Recent Development
    Table 132. Meiji Company Information
    Table 133. Meiji Introduction and Business Overview
    Table 134. Meiji Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 135. Meiji Milk Infant Formula Product Offerings
    Table 136. Meiji Recent Development
    Table 137. Yili Company Information
    Table 138. Yili Introduction and Business Overview
    Table 139. Yili Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 140. Yili Milk Infant Formula Product Offerings
    Table 141. Yili Recent Development
    Table 142. Biostime Company Information
    Table 143. Biostime Introduction and Business Overview
    Table 144. Biostime Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 145. Biostime Milk Infant Formula Product Offerings
    Table 146. Biostime Recent Development
    Table 147. Yashili Company Information
    Table 148. Yashili Introduction and Business Overview
    Table 149. Yashili Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 150. Yashili Milk Infant Formula Product Offerings
    Table 151. Yashili Recent Development
    Table 152. Feihe Company Information
    Table 153. Feihe Introduction and Business Overview
    Table 154. Feihe Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 155. Feihe Milk Infant Formula Product Offerings
    Table 156. Feihe Recent Development
    Table 157. Brightdairy Company Information
    Table 158. Brightdairy Introduction and Business Overview
    Table 159. Brightdairy Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 160. Brightdairy Milk Infant Formula Product Offerings
    Table 161. Brightdairy Recent Development
    Table 162. Beingmate Company Information
    Table 163. Beingmate Introduction and Business Overview
    Table 164. Beingmate Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 165. Beingmate Milk Infant Formula Product Offerings
    Table 166. Beingmate Recent Development
    Table 167. Wonderson Company Information
    Table 168. Wonderson Introduction and Business Overview
    Table 169. Wonderson Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 170. Wonderson Milk Infant Formula Product Offerings
    Table 171. Wonderson Recent Development
    Table 172. Synutra Company Information
    Table 173. Synutra Introduction and Business Overview
    Table 174. Synutra Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 175. Synutra Milk Infant Formula Product Offerings
    Table 176. Synutra Recent Development
    Table 177. Wissun Introduction and Business Overview
    Table 178. Wissun Milk Infant Formula Sales (MT), Revenue (US$ Million), Price (USD/MT) and Gross Margin (2019-2024)
    Table 179. Wissun Milk Infant Formula Product Offerings
    Table 180. Wissun Recent Development
    Table 181. Wissun Company Information
    Table 182. Key Raw Materials Lists
    Table 183. Raw Materials Key Suppliers Lists
    Table 184. Milk Infant Formula Downstream Customers
    Table 185. Milk Infant Formula Distributors List
    Table 186. Research Programs/Design for This Report
    Table 187. Key Data Information from Secondary Sources
    Table 188. Key Data Information from Primary Sources
List of Figures
    Figure 1. Milk Infant Formula Product Picture
    Figure 2. Global Milk Infant Formula Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
    Figure 3. Global Milk Infant Formula Sales Value (2019-2030) & (US$ Million)
    Figure 4. Global Milk Infant Formula Sales Volume (2019-2030) & (MT)
    Figure 5. Global Milk Infant Formula Sales Price (2019-2030) & (USD/MT)
    Figure 6. Milk Infant Formula Report Years Considered
    Figure 7. Global Milk Infant Formula Players Revenue Ranking (2023) & (US$ Million)
    Figure 8. Global Milk Infant Formula Players Sales Volume Ranking (2023) & (MT)
    Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Milk Infant Formula Revenue in 2023
    Figure 10. Milk Infant Formula Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
    Figure 11. SMP Picture
    Figure 12. WMP Picture
    Figure 13. Whey Powders Picture
    Figure 14. Others Picture
    Figure 15. Global Milk Infant Formula Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 16. Global Milk Infant Formula Sales Value Market Share by Type, 2023 & 2030
    Figure 17. Global Milk Infant Formula Sales Volume by Type (2019 VS 2023 VS 2030) & (MT)
    Figure 18. Global Milk Infant Formula Sales Volume Market Share by Type, 2023 & 2030
    Figure 19. Global Milk Infant Formula Price by Type (2019-2030) & (USD/MT)
    Figure 20. Product Picture of 0~6 Months Baby
    Figure 21. Product Picture of 6~12 Months Baby
    Figure 22. Product Picture of 1~3 Years Baby
    Figure 23. Global Milk Infant Formula Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 24. Global Milk Infant Formula Sales Value Market Share by Application, 2023 & 2030
    Figure 25. Global Milk Infant Formula Sales Volume by Application (2019 VS 2023 VS 2030) & (MT)
    Figure 26. Global Milk Infant Formula Sales Volume Market Share by Application, 2023 & 2030
    Figure 27. Global Milk Infant Formula Price by Application (2019-2030) & (USD/MT)
    Figure 28. North America Milk Infant Formula Sales Value (2019-2030) & (US$ Million)
    Figure 29. North America Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    Figure 30. Europe Milk Infant Formula Sales Value (2019-2030) & (US$ Million)
    Figure 31. Europe Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    Figure 32. Asia Pacific Milk Infant Formula Sales Value (2019-2030) & (US$ Million)
    Figure 33. Asia Pacific Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    Figure 34. South America Milk Infant Formula Sales Value (2019-2030) & (US$ Million)
    Figure 35. South America Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    Figure 36. Middle East & Africa Milk Infant Formula Sales Value (2019-2030) & (US$ Million)
    Figure 37. Middle East & Africa Milk Infant Formula Sales Value by Country (%), 2023 VS 2030
    Figure 38. Key Countries/Regions Milk Infant Formula Sales Value (%), (2019-2030)
    Figure 39. Key Countries/Regions Milk Infant Formula Sales Volume (%), (2019-2030)
    Figure 40. United States Milk Infant Formula Sales Value, (2019-2030) & (US$ Million)
    Figure 41. United States Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
    Figure 42. United States Milk Infant Formula Sales Value by Application (%), 2023 VS 2030
    Figure 43. Europe Milk Infant Formula Sales Value, (2019-2030) & (US$ Million)
    Figure 44. Europe Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
    Figure 45. Europe Milk Infant Formula Sales Value by Application (%), 2023 VS 2030
    Figure 46. China Milk Infant Formula Sales Value, (2019-2030) & (US$ Million)
    Figure 47. China Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
    Figure 48. China Milk Infant Formula Sales Value by Application (%), 2023 VS 2030
    Figure 49. Japan Milk Infant Formula Sales Value, (2019-2030) & (US$ Million)
    Figure 50. Japan Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
    Figure 51. Japan Milk Infant Formula Sales Value by Application (%), 2023 VS 2030
    Figure 52. South Korea Milk Infant Formula Sales Value, (2019-2030) & (US$ Million)
    Figure 53. South Korea Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
    Figure 54. South Korea Milk Infant Formula Sales Value by Application (%), 2023 VS 2030
    Figure 55. Southeast Asia Milk Infant Formula Sales Value, (2019-2030) & (US$ Million)
    Figure 56. Southeast Asia Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
    Figure 57. Southeast Asia Milk Infant Formula Sales Value by Application (%), 2023 VS 2030
    Figure 58. India Milk Infant Formula Sales Value, (2019-2030) & (US$ Million)
    Figure 59. India Milk Infant Formula Sales Value by Type (%), 2023 VS 2030
    Figure 60. India Milk Infant Formula Sales Value by Application (%), 2023 VS 2030
    Figure 61. Milk Infant Formula Industrial Chain
    Figure 62. Milk Infant Formula Manufacturing Cost Structure
    Figure 63. Channels of Distribution (Direct Sales, and Distribution)
    Figure 64. Bottom-up and Top-down Approaches for This Report
    Figure 65. Data Triangulation
    Figure 66. Key Executives Interviewed

Milk Infant Formula is usually made from cows' milk that has been treated to make it more suitable for babies.

The global market for Milk Infant Formula was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.

According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Milk Infant Formula, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Milk Infant Formula by region & country, by Type, and by Application.

The Milk Infant Formula market size, estimations, and forecasts are provided in terms of sales volume (MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Milk Infant Formula.

Market Segmentation

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Milk Infant Formula manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Milk Infant Formula in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Milk Infant Formula in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.