Breastmilk substitute (BMS): any food being marketed or otherwise represented as a partial or total replacement for breastmilk, whether or not suitable for that purpose.
This report contains market size and forecasts of Breast Milk Substitute in global, including the following market information:
Global Breast Milk Substitute Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Breast Milk Substitute Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Breast Milk Substitute companies in 2021 (%)
The global Breast Milk Substitute market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Milk-based formula Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Breast Milk Substitute include Danone, Nestle, Abbott Nutrition, Mead Johnson (Reckitt Benckiser) and Kraft Heinz, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Breast Milk Substitute manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Breast Milk Substitute Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Breast Milk Substitute Market Segment Percentages, by Type, 2021 (%)
Milk-based formula
Soy-based formula
Hypoallergenic formula
Others
Global Breast Milk Substitute Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Breast Milk Substitute Market Segment Percentages, by Application, 2021 (%)
Pharmacies
Retail Stores
Others
Global Breast Milk Substitute Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Breast Milk Substitute Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Breast Milk Substitute revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Breast Milk Substitute revenues share in global market, 2021 (%)
Key companies Breast Milk Substitute sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Breast Milk Substitute sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Danone
Nestle
Abbott Nutrition
Mead Johnson (Reckitt Benckiser)
Kraft Heinz