Standard Milk Formula Market
Standard Milk Formula Market Analysis by Liquid Formula, Powder Formula, Concentrate Formula, and Ready-to-Feed Formula from 2023 to 2033
Analysis of Standard Milk Formula Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Standard Milk Formula Market Outlook (2023 to 2033)
The global standard milk formula market is predicted to expand at a CAGR of 5.1%, rising from its current value of US$ 18.83 billion to US$ 31.57 billion by the end of 2033.
Standard milk formula, also known as infant formula, is a commercially prepared alternative to breast milk that is designed to provide the necessary nutrition for infants who are not breastfed. It is typically used as a substitute when breastfeeding is not possible or as a supplement to breast milk.
The composition of standard milk formula aims to mimic the nutritional content of breast milk as closely as possible. It typically contains a combination of proteins, carbohydrates, fats, vitamins, and minerals that are essential for a baby's growth and development.
Despite the recognized benefits of breastfeeding, some mothers face challenges initiating and sustaining breastfeeding due to various reasons, such as insufficient lactation support, medical conditions, or personal circumstances. In such cases, standard milk formula becomes an essential alternative.
- According to the United Nations Children's Fund (UNICEF) and the World Health Organization's 2019 Global Breastfeeding Scorecard, the breastfeeding rate was inadequate compared to standard recommendations around the world.
Cultural and social factors play a significant role in infant feeding practices. In some regions, there has been a shift in cultural norms towards accepting and adopting formula feeding. This change in attitudes has raised the demand for standard milk formula. Moreover, efforts to educate parents about infant nutrition, along with healthcare professionals promoting formula as a safe and reliable option when breastfeeding is not possible, have increased awareness about standard milk formula, leading to increased demand.
Economic growth and increasing disposable income in many countries have also contributed to the growth of the standard milk formula market. Formula feeding is often perceived as a convenient and reliable option for parents who can afford it.
Formula manufacturers continuously innovate and improve their products, developing formulas that are closer in composition to breast milk and offering specific variants tailored to different needs (e.g., for infants with digestive issues and allergies). Effective marketing strategies by formula companies also contribute to the growth of the market.
| Report Attributes | Details |
|---|---|
| Standard Milk Formula Market Size (2023) | US$ 18.83 billion |
| Projected Market Value (2033) | US$ 31.57 billion |
| Global Market Growth Rate (2023 to 2033) | 5.1% CAGR |
| United States Market Value (2033) | US$ 12.69 billion |
| Sales Growth of Powder Standard Milk Formula (2023 to 2033) | 6.7% CAGR |
| Key Companies Profiled | Nestle S.A; Danone S.A; Abbott Nutrition; The Kraft Heinz Company; Mead Johnson & Company LLC; Pfizer Nutrition Inc; Royal Friesland Campina N.V; DePaul Industries (The DPI Group); Humana GmbH. |
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Why is the Worldwide Market for Standard Milk Formula Witnessing Steady Growth?
“Increasing Number of Working Mothers across the World”
The number of young working mothers has increased dramatically in developing and developed countries. As these working women rely heavily on processed infant nutrition products, this has significantly increased sales of standard milk formula.
Stress is also one of the most prevalent concerns that working women encounter, and it contributes to decreased milk production. These factors have influenced the development of more convenient lifestyles, making infant formula and baby foods more appealing.
“Growing Demand for Clean-label and Plant-based Products”
The worldwide market is significantly benefitting from a flurry of innovation involving critical ingredients such as probiotics and human milk oligosaccharides. In recent years, there has been an increase in demand for clean-label, plant-based, and organic products. The growing consumer shift from chemical components toward all-natural and plant-based ingredients is expected to fuel the sales growth of organic and clean-labeled infant nutrition products.
Country-wise Insights
Why is the United States a Key Revenue Contributor to the Global Market?
“High Number of Working Mothers and Changing Attitudes & Cultural Norms”
As per Fact.MR, a market research and competitive intelligence provider, The United States standard milk formula market is set to hit US$ 12.69 billion by 2033.
The United States has a relatively high percentage of mothers in the workforce. Many working mothers find it challenging to breastfeed exclusively due to time constraints, limited workplace support, and other factors. This has resulted in a higher demand for standard milk formula as an alternative feeding option.
There has been a shift in cultural norms in the United States regarding infant feeding practices. Formula feeding is now widely accepted and recognized as a viable option for parents who are unable or choose not to breastfeed. This change in societal attitudes has contributed to the country's market growth.
Standard milk formula provides convenience and flexibility for parents, allowing them to share their feeding responsibilities with partners, family members, or caregivers. This flexibility is particularly appealing in a society like the United States, where individualism and independence are valued.
Which Countries are Contributing Significantly to Asia Pacific Market Growth?
“China, Japan, and South Korea – Major Contributors to Regional Market Progress”
The sales of standard milk formulas in China, Japan, and South Korea are estimated to touch US$ 4.13 billion, US$ 1.04 billion, and US$ 1.04 billion, respectively, by 2033.
China has experienced rapid urbanization and significant changes in lifestyles, with more women joining the workforce. This shift has resulted in a higher demand for formula feeding as an alternative to breastfeeding, as working mothers may find it challenging to breastfeed exclusively. Economic growth and rising disposable income in China have contributed to an expanding middle-class population. With increased purchasing power, more families can afford formula feeding as a convenient and reliable option.
Japan has been facing a declining birth rate and an aging population. With a decreasing number of breastfeeding mothers, formula feeding has become a prevalent choice for infant nutrition. Moreover, traditional societal norms in Japan have strongly emphasized breastfeeding. However, changing social attitudes, increased participation of women in the workforce, and evolving lifestyle patterns have led to a greater acceptance of formula feeding as a practical option.
South Korea has experienced rapid industrialization and urbanization, leading to changes in lifestyle and family structures. With more women joining the workforce, the demand for formula feeding has increased as an alternative to breastfeeding.
Which Factors are Driving High Demand for Standard Milk Formula in the United Kingdom?
“Shifting Societal Attitudes and Increasing Number of Working Mothers”
The market for standard milk formula in the United Kingdom is predicted to achieve US$ 3.28 billion by 2033.
There has been a change in societal attitudes towards formula feeding in the United Kingdom. Formula feeding has grown in popularity and is regarded as a viable option for parents who are unable to breastfeed their children. This shift in thinking has aided the market expansion in the United Kingdom.
The United Kingdom has seen a rise in the number of women participating in the workforce. With the demands of work and other commitments, some mothers may find it challenging to breastfeed, leading to an increased reliance on formula feeding. Moreover, the cultural and lifestyle factors in the United Kingdom, including individualism, independence, and the emphasis on personal choice, have influenced infant feeding practices. Many parents value the convenience and flexibility offered by formula feeding, which aligns with these cultural and lifestyle preferences.
Standard milk formula manufacturers in the United Kingdom continuously innovate and improve their products to resemble breast milk closely. They also engage in effective marketing campaigns that promote the benefits and convenience of formula feeding. These efforts have influenced consumer choices and contributed to the country's market expansion.
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Category-wise Insights
Why is Consumption of Powdered Standard Milk Formula Booming?
“Shelf Stability, Cost-effectiveness, and Global Availability of Powdered Variants”
Demand for powdered standard milk formula is poised to rise at a CAGR of 6.7% over the next ten years.
Powdered formula offers convenience and longer shelf life compared to liquid forms. It can be stored easily and does not require refrigeration until reconstituted with water, making it a practical choice for parents, especially when traveling or in areas with limited access to refrigeration facilities.
Powdered formula is generally more cost-effective compared to ready-to-feed or liquid concentrate formulas. The lower production and packaging costs of powdered formula make it an affordable option for many families. Furthermore, powdered formula is widely available globally, making it accessible to parents in various regions and countries. It can be produced, packaged, and distributed more efficiently than other formula forms, leading to its widespread availability and increased demand.
Powdered formula manufacturers adhere to strict safety standards and regulations to ensure the product's safety and nutritional quality. These safety measures, along with improved manufacturing processes and quality control, have contributed to the growing confidence in powdered formula as a reliable and safe feeding option.
Competitive Landscape
Key players in the standard milk formula market are pursuing tactics such as collaborations, investments, acquisitions, and R&D activities to expand and strengthen their international presence.
- In March 2021, 108LABS released Colostrupedis, an animal-free newborn formula containing cell-grown breast milk molecules created from human breast cell agriculture designed to neutralize human-released antibodies.
- Else Nutrition, a manufacturer and seller of clean ingredients and plant-based nutrition products, introduced a 100 percent plant-based, organic toddler formula made with a proprietary blend of buckwheat, almonds, and tapioca in February 2020.
- Danone Nutricia, a Danone SA brand, debuted a new product, Karicare Toddler, in August 2019, with the new product innovation created from 100% New Zealand sheep milk in New Zealand.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Key Segments of Standard Milk Formula Industry Research
-
By Product Type :
- Liquid
- Powder
- Concentrate
- Ready-to-Feed
-
By Flavour :
- Unflavoured
- Vanilla
- Strawberry
- Chocolate
-
By Packaging Type :
- Cans
- Aseptic Cartons
- Bottles & Jars
- Pouches
-
By Nature :
- Conventional
- Organic
-
By Sales Channel :
- Modern Trade
- Specialty Stores
- Online Stores
- Pharmacy Stores
-
By Region :
- North America
- Latin America
- Europe
- Asia Pacific & China
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Global Market Overview
- 3. Market – Consumer Survey Analysis
- 4. Market – Price Point Analysis
- 5. Global Market Analysis
- 5.1. Global Market Analysis by Product Type
- 5.1.1. Liquid
- 5.1.2. Powder
- 5.1.3. Concentrate
- 5.1.4. Ready-to-Feed
- 5.2. Global Market Analysis by Flavor
- 5.2.1. Unflavoured
- 5.2.2. Vanilla
- 5.2.3. Strawberry
- 5.2.4. Chocolate
- 5.3. Global Market Analysis by Nature
- 5.3.1. Conventional
- 5.3.2. Organic
- 5.4. Global Market Analysis by Packaging Type
- 5.4.1. Cans
- 5.4.2. Aseptic Cartons
- 5.4.3. Bottles & Jars
- 5.4.4. Pouches
- 5.5. Global Market Analysis by Sales Channel
- 5.5.1. Modern Trade
- 5.5.2. Specialty Stores
- 5.5.3. Online Stores
- 5.5.4. Pharmacy Stores
- 5.1. Global Market Analysis by Product Type
- 6. North America Market Analysis
- 7. Latin America Market Analysis
- 8. Europe Market Analysis
- 9. Japan Market Analysis
- 10. APEJ Market Analysis
- 11. MEA Market Analysis
- 12. Competitive Assessment
- 13. Company Profiles
- 13.1. Nestle S.A.
- 13.2. Groupe Danone
- 13.3. Abbott Nutrition Manufacturing Inc.
- 13.4. The Kraft Heinz Company
- 13.5. Mead Johnson Nutrition
- 13.6. Meiji Holdings Co. Ltd.
- 13.7. Pfizer Inc.
- 13.8. FrieslandCampina
- 13.9. DePaul Industries
- 13.10. Humana GmbH
- 14. Global Market – Key Takeaway
- 15. Appendix
- 16. Disclaimer and Contact information
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List Of Table
TABLE 1: Global Market Value (US$ Mn) & Volume, 2018 to 2022
TABLE 2: Global Market Value (US$ Mn) & Volume, 2023 to 2033
TABLE 3: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2022 to 2033
TABLE 4: Global Liquid Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 5: Global Liquid Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 6: Global Liquid Segment Market Share, By Region 2018 to 2022
TABLE 7: Global Liquid Segment Market Share, By Region 2023 to 2033
TABLE 8: Global Liquid Segment Y-o-Y, By Region 2022 to 2033
TABLE 9: Global Powder Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 10: Global Powder Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 11: Global Powder Segment Market Share, By Region 2018 to 2022
TABLE 12: Global Powder Segment Market Share, By Region 2023 to 2033
TABLE 13: Global Powder Segment Y-o-Y, By Region 2022 to 2033
TABLE 14: Global Concentrate Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 15: Global Concentrate Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 16: Global Concentrate Segment Market Share, By Region 2018 to 2022
TABLE 17: Global Concentrate Segment Market Share, By Region 2023 to 2033
TABLE 18: Global Concentrate Segment Y-o-Y, By Region 2022 to 2033
TABLE 19: Global Ready-to-Feed Formula Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 20: Global Ready-to-Feed Formula Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 21: Global Ready-to-Feed Formula Segment Market Share, By Region 2018 to 2022
TABLE 22: Global Ready-to-Feed Formula Segment Market Share, By Region 2023 to 2033
TABLE 23: Global Ready-to-Feed Formula Segment Y-o-Y, By Region 2022 to 2033
TABLE 24: Global Unflavored Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 25: Global Unflavored Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 26: Global Unflavored Segment Market Share, By Region 2018 to 2022
TABLE 27: Global Unflavored Segment Market Share, By Region 2023 to 2033
TABLE 28: Global Unflavored Segment Y-o-Y, By Region 2022 to 2033
TABLE 29: Global Vanilla Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 30: Global Vanilla Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 31: Global Vanilla Segment Market Share, By Region 2018 to 2022
TABLE 32: Global Vanilla Segment Market Share, By Region 2023 to 2033
TABLE 33: Global Vanilla Segment Y-o-Y, By Region 2022 to 2033
TABLE 34: Global Strawberry Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 35: Global Strawberry Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 36: Global Strawberry Segment Market Share, By Region 2018 to 2022
TABLE 37: Global Strawberry Segment Market Share, By Region 2023 to 2033
TABLE 38: Global Strawberry Segment Y-o-Y, By Region 2022 to 2033
TABLE 39: Global Chocolate Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 40: Global Chocolate Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 41: Global Chocolate Segment Market Share, By Region 2018 to 2022
TABLE 42: Global Chocolate Segment Market Share, By Region 2023 to 2033
TABLE 43: Global Chocolate Segment Y-o-Y, By Region 2022 to 2033
TABLE 44: Global Other Flavors (Apple, Orange, etc.) Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 45: Global Other Flavors (Apple, Orange, etc.) Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 46: Global Other Flavors (Apple, Orange, etc.) Segment Market Share, By Region 2018 to 2022
TABLE 47: Global Other Flavors (Apple, Orange, etc.) Segment Market Share, By Region 2023 to 2033
TABLE 48: Global Other Flavors (Apple, Orange, etc.) Segment Y-o-Y, By Region 2022 to 2033
TABLE 49: Global Cans Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 50: Global Cans Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 51: Global Cans Segment Market Share, By Region 2018 to 2022
TABLE 52: Global Cans Segment Market Share, By Region 2023 to 2033
TABLE 53: Global Cans Segment Y-o-Y, By Region 2022 to 2033
TABLE 54: Global Aseptic Cartons Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 55: Global Aseptic Cartons Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 56: Global Aseptic Cartons Segment Market Share, By Region 2018 to 2022
TABLE 57: Global Aseptic Cartons Segment Market Share, By Region 2023 to 2033
TABLE 58: Global Aseptic Cartons Segment Y-o-Y, By Region 2022 to 2033
TABLE 59: Global Bottle & Jars Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 60: Global Bottle & Jars Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 61: Global Bottle & Jars Segment Market Share, By Region 2018 to 2022
TABLE 62: Global Bottle & Jars Segment Market Share, By Region 2023 to 2033
TABLE 63: Global Bottle & Jars Segment Y-o-Y, By Region 2022 to 2033
TABLE 64: Global Pouches Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 65: Global Pouches Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 66: Global Pouches Segment Market Share, By Region 2018 to 2022
TABLE 67: Global Pouches Segment Market Share, By Region 2023 to 2033
TABLE 68: Global Pouches Segment Y-o-Y, By Region 2022 to 2033
TABLE 69: Global Other Packaging Types Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 70: Global Other Packaging Types Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 71: Global Other Packaging Types Segment Market Share, By Region 2018 to 2022
TABLE 72: Global Other Packaging Types Segment Market Share, By Region 2023 to 2033
TABLE 73: Global Other Packaging Types Segment Y-o-Y, By Region 2022 to 2033
TABLE 74: Global Conventional Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 75: Global Conventional Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 76: Global Conventional Segment Market Share, By Region 2018 to 2022
TABLE 77: Global Conventional Segment Market Share, By Region 2023 to 2033
TABLE 78: Global Conventional Segment Y-o-Y, By Region 2022 to 2033
TABLE 79: Global Organic Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 80: Global Organic Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 81: Global Organic Segment Market Share, By Region 2018 to 2022
TABLE 82: Global Organic Segment Market Share, By Region 2023 to 2033
TABLE 83: Global Organic Segment Y-o-Y, By Region 2022 to 2033
TABLE 84: Global Modern trade Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 85: Global Modern trade Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 86: Global Modern trade Segment Market Share, By Region 2018 to 2022
TABLE 87: Global Modern trade Segment Market Share, By Region 2023 to 2033
TABLE 88: Global Modern trade Segment Y-o-Y, By Region 2022 to 2033
TABLE 89: Global Specialty Stores Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 90: Global Specialty Stores Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 91: Global Specialty Stores Segment Market Share, By Region 2018 to 2022
TABLE 92: Global Specialty Stores Segment Market Share, By Region 2023 to 2033
TABLE 93: Global Specialty Stores Segment Y-o-Y, By Region 2022 to 2033
TABLE 94: Global Online Stores Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 95: Global Online Stores Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 96: Global Online Stores Segment Market Share, By Region 2018 to 2022
TABLE 97: Global Online Stores Segment Market Share, By Region 2023 to 2033
TABLE 98: Global Online Stores Segment Y-o-Y, By Region 2022 to 2033
TABLE 99: Global Pharmacy Stores Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 100: Global Pharmacy Stores Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 101: Global Pharmacy Stores Segment Market Share, By Region 2018 to 2022
TABLE 102: Global Pharmacy Stores Segment Market Share, By Region 2023 to 2033
TABLE 103: Global Pharmacy Stores Segment Y-o-Y, By Region 2022 to 2033
TABLE 104: Global Other Sales Channel Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
TABLE 105: Global Other Sales Channel Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
TABLE 106: Global Other Sales Channel Segment Market Share, By Region 2018 to 2022
TABLE 107: Global Other Sales Channel Segment Market Share, By Region 2023 to 2033
TABLE 108: Global Other Sales Channel Segment Y-o-Y, By Region 2022 to 2033
TABLE 109: North America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 110: North America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 111: North America Market Value (US$ Mn) & Volume, By Product Type 2018 to 2022
TABLE 112: North America Market Value (US$ Mn) & Volume, By Product Type 2023 to 2033
TABLE 113: North America Market Value (US$ Mn) & Volume, By Flavor 2018 to 2022
TABLE 114: North America Market Value (US$ Mn) & Volume, By Flavor 2023 to 2033
TABLE 115: North America Market Value (US$ Mn) & Volume, By Packaging Type 2018 to 2022
TABLE 116: North America Market Value (US$ Mn) & Volume, By Packaging Type 2023 to 2033
TABLE 117: North America Market Value (US$ Mn) & Volume, By Nature 2018 to 2022
TABLE 118: North America Market Value (US$ Mn) & Volume, By Nature 2023 to 2033
TABLE 119: North America Market Value (US$ Mn) & Volume, By Sales Channel 2018 to 2022
TABLE 120: North America Market Value (US$ Mn) & Volume, By Sales Channel 2023 to 2033
TABLE 121: Latin America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 122: Latin America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 123: Latin America Market Value (US$ Mn) & Volume, By Product Type 2018 to 2022
TABLE 124: Latin America Market Value (US$ Mn) & Volume, By Product Type 2023 to 2033
TABLE 125: Latin America Market Value (US$ Mn) & Volume, By Flavor 2018 to 2022
TABLE 126: Latin America Market Value (US$ Mn) & Volume, By Flavor 2023 to 2033
TABLE 127: Latin America Market Value (US$ Mn) & Volume, By Packaging Type 2018 to 2022
TABLE 128: Latin America Market Value (US$ Mn) & Volume, By Packaging Type 2023 to 2033
TABLE 129: Europe Market Value (US$ Mn) & Volume, By Nature 2018 to 2022
TABLE 130: Europe Market Value (US$ Mn) & Volume, By Nature 2023 to 2033
TABLE 131: Latin America Market Value (US$ Mn) & Volume, By Sales Channel 2018 to 2022
TABLE 132: Latin America Market Value (US$ Mn) & Volume, By Sales Channel 2023 to 2033
TABLE 133: Europe Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 134: Europe Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 135: Europe Market Value (US$ Mn) & Volume, By Product Type 2018 to 2022
TABLE 136: Europe Market Value (US$ Mn) & Volume, By Product Type 2023 to 2033
TABLE 137: Europe Market Value (US$ Mn) & Volume, By Flavor 2018 to 2022
TABLE 138: Europe Market Value (US$ Mn) & Volume, By Flavor 2023 to 2033
TABLE 139: Europe Market Value (US$ Mn) & Volume, By Packaging Type 2018 to 2022
TABLE 140: Europe Market Value (US$ Mn) & Volume, By Packaging Type 2023 to 2033
TABLE 141: Europe Market Value (US$ Mn) & Volume, By Sales Channel 2018 to 2022
TABLE 142: Europe Market Value (US$ Mn) & Volume, By Sales Channel 2023 to 2033
TABLE 143: Japan Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 144: Japan Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 145: Japan Market Value (US$ Mn) & Volume, By Product Type 2018 to 2022
TABLE 146: Japan Market Value (US$ Mn) & Volume, By Product Type 2023 to 2033
TABLE 147: Japan Market Value (US$ Mn) & Volume, By Flavor 2018 to 2022
TABLE 148: Japan Market Value (US$ Mn) & Volume, By Flavor 2023 to 2033
TABLE 149: Japan Market Value (US$ Mn) & Volume, By Packaging Type 2018 to 2022
TABLE 150: Japan Market Value (US$ Mn) & Volume, By Packaging Type 2023 to 2033
TABLE 151: Japan Market Value (US$ Mn) & Volume, By Nature 2018 to 2022
TABLE 152: Japan Market Value (US$ Mn) & Volume, By Nature 2023 to 2033
TABLE 153: Japan Market Value (US$ Mn) & Volume, By Sales Channel 2018 to 2022
TABLE 154: Japan Market Value (US$ Mn) & Volume, By Sales Channel 2023 to 2033
TABLE 155: APEJ Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 156: APEJ Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 157: APEJ Market Value (US$ Mn) & Volume, By Product Type 2018 to 2022
TABLE 158: APEJ Market Value (US$ Mn) & Volume, By Product Type 2023 to 2033
TABLE 159: APEJ Market Value (US$ Mn) & Volume, By Flavor 2018 to 2022
TABLE 160: APEJ Market Value (US$ Mn) & Volume, By Flavor 2023 to 2033
TABLE 161: APEJ Market Value (US$ Mn) & Volume, By Packaging Type 2018 to 2022
TABLE 162: APEJ Market Value (US$ Mn) & Volume, By Packaging Type 2023 to 2033
TABLE 163: APEJ Market Value (US$ Mn) & Volume, By Nature 2018 to 2022
TABLE 164: APEJ Market Value (US$ Mn) & Volume, By Nature 2023 to 2033
TABLE 165: APEJ Market Value (US$ Mn) & Volume, By Sales Channel 2018 to 2022
TABLE 166: APEJ Market Value (US$ Mn) & Volume, By Sales Channel 2023 to 2033
TABLE 167: MEA Market Value (US$ Mn) & Volume, By Country 2018 to 2022
TABLE 168: MEA Market Value (US$ Mn) & Volume, By Country 2023 to 2033
TABLE 169: MEA Market Value (US$ Mn) & Volume, By Product Type 2018 to 2022
TABLE 170: MEA Market Value (US$ Mn) & Volume, By Product Type 2023 to 2033
TABLE 171: MEA Market Value (US$ Mn) & Volume, By Flavor 2018 to 2022
TABLE 172: MEA Market Value (US$ Mn) & Volume, By Flavor 2023 to 2033
TABLE 173: MEA Market Value (US$ Mn) & Volume, By Packaging Type 2018 to 2022
TABLE 174: MEA Market Value (US$ Mn) & Volume, By Packaging Type 2023 to 2033
TABLE 175: APEJ Market Value (US$ Mn) & Volume, By Nature 2018 to 2022
TABLE 176: APEJ Market Value (US$ Mn) & Volume, By Nature 2023 to 2033
TABLE 177: MEA Market Value (US$ Mn) & Volume, By Sales Channel 2018 to 2022
TABLE 178: MEA Market Value (US$ Mn) & Volume, By Sales Channel 2023 to 2033
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List Of Figures
FIG. 1: Global Market Value (US$ Mn), 2018 to 2022
FIG. 2: Global Market Value (US$ Mn) Forecast, 2023 to 2033
FIG. 3: Global Market Value (US$ Mn) and Y-o-Y, 2023 to 2033
FIG. 4: Global Liquid Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 5: Global Liquid Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 6: Global Liquid Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 7: Global Powder Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 8: Global Powder Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 9: Global Powder Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 10: Global Concentrate Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 11: Global Concentrate Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 12: Global Concentrate Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 13: Global Ready-to-Feed Formula Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 14: Global Ready-to-Feed Formula Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 15: Global Ready-to-Feed Formula Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 16: Global Unflavored Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 17: Global Unflavored Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 18: Global Unflavored Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 19: Global Vanilla Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 20: Global Vanilla Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 21: Global Vanilla Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 22: Global Strawberry Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 23: Global Strawberry Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 24: Global Strawberry Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 25: Global Chocolate Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 26: Global Chocolate Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 27: Global Chocolate Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 28: Global Other Flavors (Apple, Orange, etc.) Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 29: Global Other Flavors (Apple, Orange, etc.) Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 30: Global Other Flavors (Apple, Orange, etc.) Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 31: Global Cans Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 32: Global Cans Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 33: Global Cans Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 34: Global Aseptic Cartons Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 35: Global Aseptic Cartons Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 36: Global Aseptic Cartons Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 37: Global Bottle & Jars Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 38: Global Bottle & Jars Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 39: Global Bottle & Jars Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 40: Global Organic Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 41: Global Organic Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 42: Global Organic Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 43: Global Other Packaging Types Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 44: Global Other Packaging Types Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 45: Global Other Packaging Types Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 46: Global Conventional Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 47: Global Conventional Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 48: Global Conventional Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 49: Global Organic Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 50: Global Organic Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 51: Global Organic Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 52: Global Modern trade Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 53: Global Modern trade Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 54: Global Modern trade Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 55: Global Specialty Stores Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 56: Global Specialty Stores Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 57: Global Specialty Stores Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 58: Global Online Stores Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 59: Global Online Stores Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 60: Global Online Stores Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 61: Global Pharmacy Stores Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 62: Global Pharmacy Stores Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 63: Global Pharmacy Stores Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 64: Global Other Sales Channel Segment Market Value (US$ Mn) By Region, 2018 to 2022
FIG. 65: Global Other Sales Channel Segment Market Value (US$ Mn) By Region, 2023 to 2033
FIG. 66: Global Other Sales Channel Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
FIG. 67: North America Market Value (US$ Mn), By Country 2018 to 2022
FIG. 68: North America Market Value (US$ Mn), By Country 2023 to 2033
FIG. 69: North America Market Value (US$ Mn), By Product Type 2018 to 2022
FIG. 70: North America Market Value (US$ Mn), By Product Type 2023 to 2033
FIG. 71: North America Market Value (US$ Mn), By Flavor 2018 to 2022
FIG. 72: North America Market Value (US$ Mn), By Flavor 2023 to 2033
FIG. 73: North America Market Value (US$ Mn), By Packaging Type 2018 to 2022
FIG. 74: North America Market Value (US$ Mn), By Packaging Type 2023 to 2033
FIG. 75: North America Market Value (US$ Mn), By Nature 2018 to 2022
FIG. 76: North America Market Value (US$ Mn), By Nature 2023 to 2033
FIG. 77: North America Market Value (US$ Mn), By Sales Channel 2018 to 2022
FIG. 78: North America Market Value (US$ Mn), By Sales Channel 2023 to 2033
FIG. 79: Latin America Market Value (US$ Mn), By Country 2018 to 2022
FIG. 80: Latin America Market Value (US$ Mn), By Country 2023 to 2033
FIG. 81: Latin America Market Value (US$ Mn), By Product Type 2018 to 2022
FIG. 82: Latin America Market Value (US$ Mn), By Product Type 2023 to 2033
FIG. 83: Latin America Market Value (US$ Mn), By Flavor 2018 to 2022
FIG. 84: Latin America Market Value (US$ Mn), By Flavor 2023 to 2033
FIG. 85: Latin America Market Value (US$ Mn), By Packaging Type 2018 to 2022
FIG. 86: Latin America Market Value (US$ Mn), By Packaging Type 2023 to 2033
FIG. 87: Latin America Market Value (US$ Mn), By Nature 2018 to 2022
FIG. 88: Latin America Market Value (US$ Mn), By Nature 2023 to 2033
FIG. 89: Latin America Market Value (US$ Mn), By Sales Channel 2018 to 2022
FIG. 90: Latin America Market Value (US$ Mn), By Sales Channel 2023 to 2033
FIG. 91: Europe Market Value (US$ Mn), By Country 2018 to 2022
FIG. 92: Europe Market Value (US$ Mn), By Country 2023 to 2033
FIG. 93: Europe Market Value (US$ Mn), By Product Type 2018 to 2022
FIG. 94: Europe Market Value (US$ Mn), By Product Type 2023 to 2033
FIG. 95: Europe Market Value (US$ Mn), By Flavor 2018 to 2022
FIG. 96: Europe Market Value (US$ Mn), By Flavor 2023 to 2033
FIG. 97: Europe Market Value (US$ Mn), By Packaging Type 2018 to 2022
FIG. 98: Europe Market Value (US$ Mn), By Packaging Type 2023 to 2033
FIG. 99: Europe Market Value (US$ Mn), By Nature 2018 to 2022
FIG. 100: Europe Market Value (US$ Mn), By Nature 2023 to 2033
FIG. 101: Europe Market Value (US$ Mn), By Sales Channel 2018 to 2022
FIG. 102: Europe Market Value (US$ Mn), By Sales Channel 2023 to 2033
FIG. 103: Japan Market Value (US$ Mn), By Country 2018 to 2022
FIG. 104: Japan Market Value (US$ Mn), By Country 2023 to 2033
FIG. 105: Japan Market Value (US$ Mn), By Product Type 2018 to 2022
FIG. 106: Japan Market Value (US$ Mn), By Product Type 2023 to 2033
FIG. 107: Japan Market Value (US$ Mn), By Packaging Type 2018 to 2022
FIG. 108: Japan Market Value (US$ Mn), By Flavor 2023 to 2033
FIG. 109: Japan Market Value (US$ Mn), By Packaging Type 2018 to 2022
FIG. 110: Japan Market Value (US$ Mn), By Packaging Type 2023 to 2033
FIG. 111: Japan Market Value (US$ Mn), By Nature 2018 to 2022
FIG. 112: Japan Market Value (US$ Mn), By Nature 2023 to 2033
FIG. 113: Japan Market Value (US$ Mn), By Sales Channel 2018 to 2022
FIG. 114: Japan Market Value (US$ Mn), By Sales Channel 2023 to 2033
FIG. 115: APEJ Market Value (US$ Mn), By Country 2018 to 2022
FIG. 116: APEJ Market Value (US$ Mn), By Country 2023 to 2033
FIG. 117: APEJ Market Value (US$ Mn), By Product Type 2018 to 2022
FIG. 118: APEJ Market Value (US$ Mn), By Product Type 2023 to 2033
FIG. 119: APEJ Market Value (US$ Mn), By Flavor 2018 to 2022
FIG. 120: APEJ Market Value (US$ Mn), By Flavor 2023 to 2033
FIG. 121: APEJ Market Value (US$ Mn), By Packaging Type 2018 to 2022
FIG. 122: APEJ Market Value (US$ Mn), By Packaging Type 2023 to 2033
FIG. 123: APEJ Market Value (US$ Mn), By Nature 2018 to 2022
FIG. 124: APEJ Market Value (US$ Mn), By Nature 2023 to 2033
FIG. 125: APEJ Market Value (US$ Mn), By Sales Channel 2018 to 2022
FIG. 126: APEJ Market Value (US$ Mn), By Sales Channel 2023 to 2033
FIG. 127: MEA Market Value (US$ Mn), By Country 2018 to 2022
FIG. 128: MEA Market Value (US$ Mn), By Country 2023 to 2033
FIG. 129: MEA Market Value (US$ Mn), By Product Type 2018 to 2022
FIG. 130: MEA Market Value (US$ Mn), By Product Type 2023 to 2033
FIG. 131: MEA Market Value (US$ Mn), By Flavor 2018 to 2022
FIG. 132: MEA Market Value (US$ Mn), By Flavor 2023 to 2033
FIG. 133: MEA Market Value (US$ Mn), By Packaging Type 2018 to 2022
FIG. 134: MEA Market Value (US$ Mn), By Packaging Type 2023 to 2033
FIG. 135: MEA Market Value (US$ Mn), By Nature 2018 to 2022
FIG. 136: MEA Market Value (US$ Mn), By Nature 2023 to 2033
FIG. 137: MEA Market Value (US$ Mn), By Sales Channel 2018 to 2022
FIG. 138: MEA Market Value (US$ Mn), By Sales Channel 2023 to 2033
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- FAQs -
How much is the standard milk formula market worth at present?
The global standard milk formula market is valued at US$ 18.83 billion in 2023.
What is the projected market size for standard milk formula by 2033?
The market for standard milk formula is set to garner US$ 31.57 billion by 2033.
What is the expected CAGR for the global market during the forecast period?
Worldwide demand for standard milk formula is set to rise at a CAGR of 5.1% from 2023 to 2033.
What is the estimated worth of the United States market for 2033?
The United States market is forecasted to reach US$ 12.69 billion by 2033.
How fast is the demand for powdered standard milk formula predicted to increase?
Demand for powdered standard milk formula is projected to increase at a CAGR of 6.7% from 2023 to 2033.
Standard Milk Formula Market