(MENAFN– EIN Presswire)
The U.S. baby formula market was valued at $3.96 billion in 2022 and is expected to reach $6.97 billion by 2032, growing at a rate of 5.6% annually.
Growth in the market is driven by more women joining the workforce, the high nutritional value of baby formulas, changing lifestyles, a rising middle class, and increased disposable income.
For many working moms, breastfeeding may not be feasible, making baby formula a practical alternative. Infant formulas are designed to mimic breast milk and often contain essential nutrients like nucleotides, iron, and probiotics, which support healthy development in infants.
Breastfeeding is promoted as the best option for infant health, especially for the first six months, as it provides all necessary nutrients. Organizations like the World Health Organization advocate for breastfeeding, highlighting its importance in infant growth.
Consumers are increasingly seeking natural and organic baby formulas, avoiding products with chemicals and additives due to health concerns for infants.
Key players in the U.S. baby formula market include Abbott Laboratories, Danone S.A., and Nestle S.A., who are looking for opportunities to increase their market share and competitiveness.
For more information and market insights, contact:
David Correa, Allied Market Research
+1 800-792-5285
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