Infant formula market size to reach US$103.75bn by 2026 as innovation drives growth

WORLD – The global infant formula market is anticipated to surpass US$103 billion by 2026 with increasing awareness about their nutritional benefits and rising innovation from manufacturers in the sector seen to drive growth, a recent study by Fortune Business Insights shows. According to the study, the sector is projected to exhibit a 10.85% CAGR growth during the forecast period running through 2019-2016 from a US$45.12 billion market value in 2018. During the period, demand for infant nutrition products will increase, with manufacturers embarking on designing the formulations that closely…

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