Global Infant Formula Market Worth USD 90.48 Billion by 2025

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The market represents a consolidated nature with four players dominating the industry namely Nestle, Abbott, Danone, and Mead Johnson. Nestle is the largest player in the global market, thereby representing a market share of about 22%, followed by Danone with around 12% Abbott and Mead Johnson have a market share of about 7% and 5%, respectively. Manufacturers are focusing on developing the products with the addition of several ingredients thereby enhancing the nutritional value of the products. In addition, the players are catering to the needs of the consumers especially for the lactose intolerant infants by introduction of the soy based variants.

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For instance, Abbott has introduced Isomil, a soy variant for the infants. Few domestic Chinese companies such as Beingmate, Biostime, and Yili and international players such as Fonterra, Royal FrieslandCampina, Sodiaal, Arla are in continuous competition with an aim to gain a potential share in this market.

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Hexa Research has segmented the infant formula market report based on product type, distribution channel and region: -

Segmentation by Product Type

• Infant Milk
• Growing-up Milk
• Follow on Milk
• Specialty Milk

Segmentation by Distribution Channel

• Supermarket and Hypermarket
• Pharmacies
• Online

Segmentation by Region

• North America
• Europe
• Asia Pacific
• Central and South America
• Middle East and Africa

Key players analyzed:

• Nestlé
• Danone
• Mead Johnson & Company, LLC
• Abbott
• Friesl and Campina
• Heinz
• Arla Foods Ltd
• Dana Dairy Group Ltd
• HiPP GmbH & Co. Vertrieb KG

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