Infant Milk Formula - Infant Nutrition Market Statistics
The global infant milk formula infant nutrition market size was valued at US$ 142.4 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030.
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Infant milk formula - Infant nutrition market highlights
- The global infant milk formula segment generated a revenue of USD 142.4 million in 2023 and is expected to reach USD 254.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.7% by 2030.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Market summary
| Market revenue in 2023 | USD 142.4 million |
| Market revenue in 2030 | USD 254.9 million |
| Growth rate | 8.7% (CAGR from 2024 to 2030) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
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Infant Nutrition Market Scope
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