Nutritional Outlook – China’s infant formula market sees growing demand for premium and ultra-premium products
Infant formula, or baby formula, is a powder/liquid food used as a substitute for mother’s milk in babies aged 1-24 months old. It is one of the fastest-growing products in the baby food market segment. In 2020, the global infant formula market was valued at US $56 billion. The market is growing at a staggering rate, and one of the major reasons is a significant increase in the demand for infant formula in China, which accounted for almost 50% of the total market value (US $28 billion) in 2020.
Click below to read more of our observations on Nutritional Outlook:
Anil Pothamsetty Consultant, Speciality Materials and Chemicals.