We are in process of revamping infant formula market with respect to covid 19 impact.
Baby formula market share.
The global infant formula market size was valued at usd 50 46 billion in 2019 and is projected to reach usd 109 10 billion by 2027 exhibiting a cagr of 10 6 during the forecast period.
5 4 2 global baby food and infant formula market share forecast by application 2020 2025 sales channel distributors traders and dealers 6 1 sales channel.
On the basis of product type starting milk formula dominated the global infant formula market in 2019 with around 48 0 of market share in terms of revenue followed by follow on milk formula and toddler s milk formula respectively.
According to the report baby food and infant formula market is expected to reach a value of us 74 4 billion by 2024 registering a cagr of 5 7 during 2019 2024 global baby food and infant formula market.