(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.
This growth is driven by more women in the workforce, high nutritional values in formula, changing lifestyles, a growing middle class, and increasing disposable income.
For working moms who can’t breastfeed, baby formula is a suitable alternative as it closely resembles breast milk. It contains nucleotides for energy metabolism, iron to prevent anemia, and probiotics to reduce the risk of diarrhea and allergies. Additionally, it is rich in protein, vitamins, and minerals essential for infant growth.
While breastfeeding is encouraged by health organizations, especially for the first six months, the demand for natural and organic baby formulas is rising. Parents prefer products without chemicals due to health concerns for their infants.
Key players in the U.S. baby formula market include Abbott Laboratories, Danone, Nestle, and Reckitt Benckiser. They are exploring strategies to expand their market share and increase profitability.
For more insights, visit: Global Baby Drinks Market or U.S. Infant and Kids Probiotics Market.
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