23 Jul, 2026
According to Straits Research, the global infant formula ingredients market size was valued at $28.29 billion in 2025 and is projected to grow from $30.69 billion in 2026 to $58.72 billion by 2034 at a CAGR of 8.45% during the forecast period 2026-2034.
The infant formula ingredient market is primarily driven by the increasing demand for infant feed products in the households to provide infants with the essential nutrients. According to the World Health Organization (WHO), every year in sub-Saharan Africa, 1.16 million babies die in the first month of life, making the region with the highest infant mortality rate. As a result, providing life-saving care to these infants and pregnant mothers is vital in the region due to which multiple organizations and associations are willing to take the initiatives to provide better health essential packages and facilities in the region. For instance, according to the African Development Bank Group (AfDB group), the proportion of underweight children has decreased considerably from 34 percent in 1990 to 24 percent in 2012 and is further seeing a decline. Increasing disposal incomes in the African region will also create upswings for market growth.
The impact of the novel coronavirus outbreak is visible in all sectors globally. It has led to widespread disruption in the supply chain leading to an increase in inventory and few buyers. Furthermore, the sealing of borders and limited transportation is changing the very meaning of globalization. Disruption of trade has boosted the raw material prices that are likely to further impact the market growth of the infant formula ingredient market in the coming months.
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