Increasing Fertility Rate Is Fueling Growth Of The Global Infant Formula Market
Infant formula (also known as baby formula) is a nutritional supplement for babies. It is made from liquid or powdered ingredients that are formulated to meet the needs of a newborn. It is available in a wide range of flavors, colors, and textures and is often formulated to be safe for baby's delicate digestive system.
Nestle S.A., Nutricia (Danone), Mead Johnson (Rickett Benckiser), Abbott, Hero Nutritionals Inc., Perrigo Nutritionals, Bellamy's Organic, Bubs Australia ltd., Hipp, and Arla Foods
Growing fortification of infant formula with vitamin D is augmenting market growth. For instance, in June 2020, BIOSTIME has launched four new products focusing on popular baby nutrition segments including probiotics, calcium and vitamin D, DHA and ARA, and organic infant formula. Increasing demand for clean label and organic food products is also driving market growth of infant formula. Moreover, continuous innovation in human milk oligosaccharides along with the growing popularity of plant-based food products is again propelling the market growth of infant formula.
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