(MENAFN – EIN Presswire)
The U.S. baby formula market was valued at $3.96 billion in 2022 and is expected to grow to $6.97 billion by 2032, with a CAGR of 5.6% from 2023 to 2032.
Factors driving growth include more women joining the workforce, high nutritional content in formulas, lifestyle changes, a growing middle class, and increased disposable income.
For working mothers, baby formula is a practical alternative to breastfeeding, containing components similar to breast milk. Important ingredients include nucleotides for metabolism, iron to prevent anemia, and probiotics to reduce diarrhea and improve gut health.
While breastfeeding is recommended for the first six months for optimal infant development, there is also a strong push for breastfeeding support initiatives.
Parents are increasingly interested in natural and organic baby formulas free from harmful chemicals. Concerns over the long-term effects of chemical exposure on infants are rising.
Key industry players include Abbott Laboratories, Danone S.A., Nestle S.A., and others, focused on expanding market share and profitability.
Contact: David Correa, Allied Market Research, +1 800-792-5285.
Disclaimer: EIN Presswire provides this news without any warranty regarding its accuracy or reliability.
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