Global Infant Formula Milk Powder Market Research Report 2026

Infant Formula Milk Powder Market

The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Infant Formula Milk Powder competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.

In 2024, global Infant Formula Milk Powderproduction reached approximately 2118.51 K MT, with an average global market price of around US$ 14,200 per MT.

Infant Formula Milk Powder is a specially designed powdered formula food for infants, intended to partially or completely replace breast milk when needed. It is typically based on cow’s milk or other dairy proteins, with carefully adjusted levels of fats, carbohydrates, vitamins, minerals and essential micronutrients to meet the nutritional requirements of early growth and development. Produced under strict food safety and regulatory standards, infant formula must be registered or approved by competent authorities, ensuring its composition is safe, digestible and nutritionally appropriate, and providing a consistent, controllable source of nutrition for babies who cannot be exclusively breastfed or require formula feeding.

From a supply chain perspective, the Infant Formula Milk Powder industry can be broadly divided into three layers: upstream raw material and packaging suppliers, midstream formula development and manufacturing, and downstream distribution and end-market service. Upstream players provide fresh raw milk, skimmed milk powder, whey powder, lactose, vegetable oils, whey protein concentrates, vitamin–mineral premixes and other nutritional ingredients, along with cans, lids, composite films and labels for packaging; major global dairy groups typically combine owned and contracted farms with a global network of base powder and ingredient plants to secure high-quality milk and hedge regional and price volatility risks. Midstream is dominated by brand owners and their owned or contract factories, which handle formula design, raw-material qualification, spray-drying and blending, canning and nitrogen flushing, and finished-product testing under stringent regulatory oversight. In markets such as China, the EU and the U.S., authorities use recipe registration, tighter control of base powder and auxiliary materials, and on-site inspections to keep infant formula within a highly controlled quality and safety framework, raising both production and compliance barriers. Downstream, regional distributors, mother-and-baby specialty chains, supermarkets, e-commerce and cross-border platforms, as well as hospitals and pharmacies, form the main go-to-market channels, while in some countries government procurement and welfare programs are among the largest single buyers, reinforcing the dominance of a few large suppliers. Analyses of the 2022 U.S. infant formula shortage by regulators and national academies have highlighted how high concentration in a handful of plants and brands, dependence on specific ingredient and packaging vendors, and limited visibility along the chain amplified the impact of individual plant shutdowns, prompting the industry and policymakers to focus on capacity redundancy, diversified sourcing, better inventory strategies and more resilient, information-rich distribution networks.

Market Development Opportunities & Main Driving Factors

Globally, the Infant Formula Milk Powder market continues to show solid growth, supported by ongoing urbanization, a rising share of working mothers and growing awareness of the "first 1,000 days" as a critical nutrition window. Leading players report that infant nutrition businesses are delivering mid- to high single-digit growth, with premium offerings such as formulas enriched with Human Milk Oligosaccharides (HMOs), prebiotics, organic and A2 variants driving mix upgrade and margin expansion. In emerging markets, infant formula remains central to improving early-life nutrition, with multinational and local brands expanding reach through differentiated formulations, strong presence in mother-and-baby specialty stores and increasing e-commerce penetration. At the same time, a number of governments facing declining birth rates are introducing childcare subsidies and even free-milk initiatives, which help ease the cost of raising children and support medium- to long-term demand expectations for infant nutrition categories.

Market Challenges, Risks, & Restraints

The industry also faces structural headwinds related to demographics, regulation and competition. In many developed economies and in key markets such as China, the number of newborns has been trending down, putting pressure on baseline demand for standard formulas, and several companies have publicly acknowledged volume declines in their China infant formula business. Meanwhile, regulators are tightening rules on formula registration, on-pack claims, cross-border trade and quality control, pushing formulations toward simplification while raising R&D and compliance costs. Any safety incident or recall can quickly escalate into a serious brand and channel crisis. Competitive intensity remains high, with global giants, strong domestic champions and regional brands all vying for share in organic, premium and specialized segments. Price warfare and aggressive promotions still occur, and the high transparency of online pricing further squeezes margins, especially for mid- and low-tier brands.

Downstream Demand Trends

On the demand side, the market is characterized by relatively stable or slowing volumes but clear value-mix upgrading. Even as birth numbers soften, parents are willing to spend more per child on safety and science-backed nutrition, accelerating the shift toward premium, organic, A2, HMO/prebiotic-enriched and specialized medical formulas, which are capturing a growing share of category value. Channel dynamics are also evolving: offline mother-and-baby specialty chains remain critical for brand building and professional advisory services, while e-commerce, direct-to-consumer stores and cross-border platforms continue to gain share, with live-streaming and large online campaigns becoming key tools for consumer education and acquisition. Regionally, China is going through a period of destocking and structural adjustment toward more premium and differentiated offerings, while fast-growing Asian, Middle Eastern, African and Latin American markets are contributing incremental volume and value. Looking ahead, companies that can combine rigorous safety and traceability with credible nutrition science, sustainability and truly omnichannel engagement with new-generation parents will be best positioned to build durable competitive advantages in the Infant Formula Milk Powder market.

This report delivers a comprehensive overview of the global Infant Formula Milk Powder market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Infant Formula Milk Powder. The Infant Formula Milk Powder market size, estimates, and forecasts are provided in terms of sales volume (K MT) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.

The report segments the global Infant Formula Milk Powder market comprehensively. Regional market sizes by Type, by Sales Channel, by Stage, and by company are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.

This report will assist Infant Formula Milk Powder manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Sales Channel, and by region.

Market Segmentation

Scope of Infant Formula Milk Powder Market Report

Chapter Outline

1.1 Product Definition

1.2 Infant Formula Milk Powder by Type

1.2.1 Global Infant Formula Milk Powder Market Value by Type: 2025 vs 2032

1.2.2 Cow Milk Powder

1.2.3 Goat Milk Powder

1.2.4 Other

1.3 Infant Formula Milk Powder by Stage

1.3.1 Global Infant Formula Milk Powder Market Value by Stage: 2025 vs 2032

1.3.2 First Stage

1.3.3 Second Stage

1.3.4 Third Stage

1.4 Infant Formula Milk Powder by Source

1.4.1 Global Infant Formula Milk Powder Market Value by Source: 2025 vs 2032

1.4.2 Regular

1.4.3 Organic

1.5 Infant Formula Milk Powder by Price Range

1.5.1 Global Infant Formula Milk Powder Market Value by Price Range: 2025 vs 2032

1.5.2 Economy Type

1.5.3 Mid-range Type

1.5.4 High-end Type

1.6 Infant Formula Milk Powder by Sales Channel

1.6.1 Global Infant Formula Milk Powder Market Value by Sales Channel: 2025 vs 2032

1.6.2 Maternal Stores

1.6.3 Supermarkets/Hypermarkets

1.6.4 Online Retail

1.6.5 Others

1.7 Global Infant Formula Milk Powder Market Size Estimates and Forecasts

1.7.1 Global Infant Formula Milk Powder Revenue 2021–2032

1.7.2 Global Infant Formula Milk Powder Sales 2021–2032

1.7.3 Global Infant Formula Milk Powder Market Average Price (2021–2032)

1.8 Assumptions and Limitations

2.1 Global Infant Formula Milk Powder Sales Market Share by Manufacturers (2021–2026)

2.2 Global Infant Formula Milk Powder Revenue Market Share by Manufacturers (2021–2026)

2.3 Global Infant Formula Milk Powder Average Price by Manufacturers (2021–2026)

2.4 Global Key Players of Infant Formula Milk Powder, Industry Ranking, 2023 vs 2024 vs 2025

2.5 Global Key Manufacturers of Infant Formula Milk Powder, Manufacturing Sites and Headquarters

2.6 Global Key Manufacturers of Infant Formula Milk Powder, Product Types and Applications

2.7 Global Key Manufacturers of Infant Formula Milk Powder, Date of Entry into the Industry

2.8 Global Infant Formula Milk Powder Market Competitive Situation and Trends

2.8.1 Global Infant Formula Milk Powder Market Concentration Rate

2.8.2 The Top 5 and Top 10 Global Infant Formula Milk Powder Players Market Share by Revenue

2.8.3 Global Infant Formula Milk Powder Market Share by Company Tier (Tier 1, Tier 2, Tier 3)

2.9 Manufacturers Mergers & Acquisitions, Expansion Plans

3.1 Global Infant Formula Milk Powder Market Size by Region: 2021 vs 2025 vs 2032

3.2 Global Infant Formula Milk Powder Sales by Region: 2021–2032

3.2.1 Global Infant Formula Milk Powder Sales by Region: 2021–2026

3.2.2 Global Infant Formula Milk Powder Sales by Region: 2027–2032

3.3 Global Infant Formula Milk Powder Revenue by Region: 2021–2032

3.3.1 Global Infant Formula Milk Powder Revenue by Region: 2021–2026

3.3.2 Global Infant Formula Milk Powder Revenue by Region: 2027–2032

3.4 North America Infant Formula Milk Powder Market Facts & Figures by Country

3.4.1 North America Infant Formula Milk Powder Market Size by Country: 2021 vs 2025 vs 2032

3.4.2 North America Infant Formula Milk Powder Sales by Country (2021–2032)

3.4.3 North America Infant Formula Milk Powder Revenue by Country (2021–2032)

3.4.4 U.S.

3.4.5 Canada

3.5 Europe Infant Formula Milk Powder Market Facts & Figures by Country

3.5.1 Europe Infant Formula Milk Powder Market Size by Country: 2021 vs 2025 vs 2032

3.5.2 Europe Infant Formula Milk Powder Sales by Country (2021–2032)

3.5.3 Europe Infant Formula Milk Powder Revenue by Country (2021–2032)

3.5.4 Germany

3.5.5 France

3.5.6 U.K.

3.5.7 Italy

3.5.8 Russia

3.6 Asia Pacific Infant Formula Milk Powder Market Facts & Figures by Region

3.6.1 Asia Pacific Infant Formula Milk Powder Market Size by Region: 2021 vs 2025 vs 2032

3.6.2 Asia Pacific Infant Formula Milk Powder Sales by Region (2021–2032)

3.6.3 Asia Pacific Infant Formula Milk Powder Revenue by Region (2021–2032)

3.6.4 China

3.6.5 Japan

3.6.6 South Korea

3.6.7 India

3.6.8 Australia

3.6.9 China Taiwan

3.6.10 Indonesia

3.6.11 Thailand

3.6.12 Malaysia

3.7 Latin America Infant Formula Milk Powder Market Facts & Figures by Country

3.7.1 Latin America Infant Formula Milk Powder Market Size by Country: 2021 vs 2025 vs 2032

3.7.2 Latin America Infant Formula Milk Powder Sales by Country (2021–2032)

3.7.3 Latin America Infant Formula Milk Powder Revenue by Country (2021–2032)

3.7.4 Mexico

3.7.5 Brazil

3.7.6 Argentina

3.8 Middle East and Africa Infant Formula Milk Powder Market Facts & Figures by Country

3.8.1 Middle East and Africa Infant Formula Milk Powder Market Size by Country: 2021 vs 2025 vs 2032

3.8.2 Middle East and Africa Infant Formula Milk Powder Sales by Country (2021–2032)

3.8.3 Middle East and Africa Infant Formula Milk Powder Revenue by Country (2021–2032)

3.8.4 Turkey

3.8.5 Saudi Arabia

3.8.6 UAE

4.1 Global Infant Formula Milk Powder Sales by Type (2021–2032)

4.1.1 Global Infant Formula Milk Powder Sales by Type (2021–2026)

4.1.2 Global Infant Formula Milk Powder Sales by Type (2027–2032)

4.1.3 Global Infant Formula Milk Powder Sales Market Share by Type (2021–2032)

4.2 Global Infant Formula Milk Powder Revenue by Type (2021–2032)

4.2.1 Global Infant Formula Milk Powder Revenue by Type (2021–2026)

4.2.2 Global Infant Formula Milk Powder Revenue by Type (2027–2032)

4.2.3 Global Infant Formula Milk Powder Revenue Market Share by Type (2021–2032)

4.3 Global Infant Formula Milk Powder Price by Type (2021–2032)

5.1 Global Infant Formula Milk Powder Sales by Sales Channel (2021–2032)

5.1.1 Global Infant Formula Milk Powder Sales by Sales Channel (2021–2026)

5.1.2 Global Infant Formula Milk Powder Sales by Sales Channel (2027–2032)

5.1.3 Global Infant Formula Milk Powder Sales Market Share by Sales Channel (2021–2032)

5.2 Global Infant Formula Milk Powder Revenue by Sales Channel (2021–2032)

5.2.1 Global Infant Formula Milk Powder Revenue by Sales Channel (2021–2026)

5.2.2 Global Infant Formula Milk Powder Revenue by Sales Channel (2027–2032)

5.2.3 Global Infant Formula Milk Powder Revenue Market Share by Sales Channel (2021–2032)

5.3 Global Infant Formula Milk Powder Price by Sales Channel (2021–2032)

6.1 Danone

6.1.1 Danone Company Information

6.1.2 Danone Description and Business Overview

6.1.3 Danone Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.1.4 Danone Infant Formula Milk Powder Product Portfolio

6.1.5 Danone Recent Developments/Updates

6.2 Nestle

6.2.1 Nestle Company Information

6.2.2 Nestle Description and Business Overview

6.2.3 Nestle Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.2.4 Nestle Infant Formula Milk Powder Product Portfolio

6.2.5 Nestle Recent Developments/Updates

6.3 Abbott

6.3.1 Abbott Company Information

6.3.2 Abbott Description and Business Overview

6.3.3 Abbott Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.3.4 Abbott Infant Formula Milk Powder Product Portfolio

6.3.5 Abbott Recent Developments/Updates

6.4 Reckiit

6.4.1 Reckiit Company Information

6.4.2 Reckiit Description and Business Overview

6.4.3 Reckiit Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.4.4 Reckiit Infant Formula Milk Powder Product Portfolio

6.4.5 Reckiit Recent Developments/Updates

6.5 Biostime

6.5.1 Biostime Company Information

6.5.2 Biostime Description and Business Overview

6.5.3 Biostime Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.5.4 Biostime Infant Formula Milk Powder Product Portfolio

6.5.5 Biostime Recent Developments/Updates

6.6 Bellamy

6.6.1 Bellamy Company Information

6.6.2 Bellamy Description and Business Overview

6.6.3 Bellamy Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.6.4 Bellamy Infant Formula Milk Powder Product Portfolio

6.6.5 Bellamy Recent Developments/Updates

6.7 Topfer

6.7.1 Topfer Company Information

6.7.2 Topfer Description and Business Overview

6.7.3 Topfer Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.7.4 Topfer Infant Formula Milk Powder Product Portfolio

6.7.5 Topfer Recent Developments/Updates

6.8 HiPP

6.8.1 HiPP Company Information

6.8.2 HiPP Description and Business Overview

6.8.3 HiPP Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.8.4 HiPP Infant Formula Milk Powder Product Portfolio

6.8.5 HiPP Recent Developments/Updates

6.9 Perrigo

6.9.1 Perrigo Company Information

6.9.2 Perrigo Description and Business Overview

6.9.3 Perrigo Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.9.4 Perrigo Infant Formula Milk Powder Product Portfolio

6.9.5 Perrigo Recent Developments/Updates

6.10 Humana

6.10.1 Humana Company Information

6.10.2 Humana Description and Business Overview

6.10.3 Humana Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.10.4 Humana Infant Formula Milk Powder Product Portfolio

6.10.5 Humana Recent Developments/Updates

6.11 Nutribio

6.11.1 Nutribio Company Information

6.11.2 Nutribio Description and Business Overview

6.11.3 Nutribio Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.11.4 Nutribio Infant Formula Milk Powder Product Portfolio

6.11.5 Nutribio Recent Developments/Updates

6.12 Meiji

6.12.1 Meiji Company Information

6.12.2 Meiji Description and Business Overview

6.12.3 Meiji Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.12.4 Meiji Infant Formula Milk Powder Product Portfolio

6.12.5 Meiji Recent Developments/Updates

6.13 a2 Milk

6.13.1 a2 Milk Company Information

6.13.2 a2 Milk Description and Business Overview

6.13.3 a2 Milk Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.13.4 a2 Milk Infant Formula Milk Powder Product Portfolio

6.13.5 a2 Milk Recent Developments/Updates

6.14 Ausnutria

6.14.1 Ausnutria Company Information

6.14.2 Ausnutria Description and Business Overview

6.14.3 Ausnutria Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.14.4 Ausnutria Infant Formula Milk Powder Product Portfolio

6.14.5 Ausnutria Recent Developments/Updates

6.15 Feihe

6.15.1 Feihe Company Information

6.15.2 Feihe Description and Business Overview

6.15.3 Feihe Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.15.4 Feihe Infant Formula Milk Powder Product Portfolio

6.15.5 Feihe Recent Developments/Updates

6.16 Yili

6.16.1 Yili Company Information

6.16.2 Yili Description and Business Overview

6.16.3 Yili Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.16.4 Yili Infant Formula Milk Powder Product Portfolio

6.16.5 Yili Recent Developments/Updates

6.17 Yashili

6.17.1 Yashili Company Information

6.17.2 Yashili Description and Business Overview

6.17.3 Yashili Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.17.4 Yashili Infant Formula Milk Powder Product Portfolio

6.17.5 Yashili Recent Developments/Updates

6.18 Bright Dairy & Food

6.18.1 Bright Dairy & Food Company Information

6.18.2 Bright Dairy & Food Description and Business Overview

6.18.3 Bright Dairy & Food Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.18.4 Bright Dairy & Food Infant Formula Milk Powder Product Portfolio

6.18.5 Bright Dairy & Food Recent Developments/Updates

6.19 Junlebao

6.19.1 Junlebao Company Information

6.19.2 Junlebao Description and Business Overview

6.19.3 Junlebao Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.19.4 Junlebao Infant Formula Milk Powder Product Portfolio

6.19.5 Junlebao Recent Developments/Updates

6.20 Beingmate

6.20.1 Beingmate Company Information

6.20.2 Beingmate Description and Business Overview

6.20.3 Beingmate Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.20.4 Beingmate Infant Formula Milk Powder Product Portfolio

6.20.5 Beingmate Recent Developments/Updates

6.21 Wonder Sun

6.21.1 Wonder Sun Company Information

6.21.2 Wonder Sun Description and Business Overview

6.21.3 Wonder Sun Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.21.4 Wonder Sun Infant Formula Milk Powder Product Portfolio

6.21.5 Wonder Sun Recent Developments/Updates

6.22 Wissun

6.22.1 Wissun Company Information

6.22.2 Wissun Description and Business Overview

6.22.3 Wissun Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.22.4 Wissun Infant Formula Milk Powder Product Portfolio

6.22.5 Wissun Recent Developments/Updates

6.23 YeePer

6.23.1 YeePer Company Information

6.23.2 YeePer Description and Business Overview

6.23.3 YeePer Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.23.4 YeePer Infant Formula Milk Powder Product Portfolio

6.23.5 YeePer Recent Developments/Updates

6.24 Synutra

6.24.1 Synutra Company Information

6.24.2 Synutra Description and Business Overview

6.24.3 Synutra Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.24.4 Synutra Infant Formula Milk Powder Product Portfolio

6.24.5 Synutra Recent Developments/Updates

6.25 Mengniu Dairy

6.25.1 Mengniu Dairy Company Information

6.25.2 Mengniu Dairy Description and Business Overview

6.25.3 Mengniu Dairy Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.25.4 Mengniu Dairy Infant Formula Milk Powder Product Portfolio

6.25.5 Mengniu Dairy Recent Developments/Updates

6.26 Holle

6.26.1 Holle Company Information

6.26.2 Holle Description and Business Overview

6.26.3 Holle Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.26.4 Holle Infant Formula Milk Powder Product Portfolio

6.26.5 Holle Recent Developments/Updates

6.27 Nestle

6.27.1 Nestle Company Information

6.27.2 Nestle Description and Business Overview

6.27.3 Nestle Infant Formula Milk Powder Sales, Revenue, and Gross Margin (2021–2026)

6.27.4 Nestle Infant Formula Milk Powder Product Portfolio

6.27.5 Nestle Recent Developments/Updates

7.1 Infant Formula Milk Powder Industry Chain Analysis

7.2 Infant Formula Milk Powder Raw Material Supply Analysis

7.2.1 Key Raw Materials

7.2.2 Raw Materials Key Suppliers

7.3 Infant Formula Milk Powder Production Mode & Process Analysis

7.4 Infant Formula Milk Powder Sales and Marketing

7.4.1 Infant Formula Milk Powder Sales Channels

7.4.2 Infant Formula Milk Powder Distributors

7.5 Infant Formula Milk Powder Customer Analysis

8.1 Infant Formula Milk Powder Industry Trends

8.2 Infant Formula Milk Powder Market Drivers

8.3 Infant Formula Milk Powder Market Challenges

8.4 Infant Formula Milk Powder Market Restraints

8.5 Impact of U.S. Tariffs

10.1 Methodology/Research Approach

10.1.1 Research Programs/Design

10.1.2 Market Size Estimation

10.1.3 Market Breakdown and Data Triangulation

10.2 Data Source

10.2.1 Secondary Sources

10.2.2 Primary Sources

10.3 Author List

10.4 Disclaimer

List of Tables

 Table 1. Global Infant Formula Milk Powder Market Value by Type (US$ Million), 2025 vs 2032

 Table 2. Global Infant Formula Milk Powder Market Value by Stage (US$ Million), 2025 vs 2032

 Table 3. Global Infant Formula Milk Powder Market Value by Source (US$ Million), 2025 vs 2032

 Table 4. Global Infant Formula Milk Powder Market Value by Price Range (US$ Million), 2025 vs 2032

 Table 5. Global Infant Formula Milk Powder Market Value by Sales Channel (US$ Million), 2025 vs 2032

 Table 6. Global Infant Formula Milk Powder Market Competitive Situation by Manufacturers in 2025

 Table 7. Global Infant Formula Milk Powder Sales (K MT) of Key Manufacturers (2021–2026)

 Table 8. Global Infant Formula Milk Powder Sales Market Share by Manufacturers (2021–2026)

 Table 9. Global Infant Formula Milk Powder Revenue (US$ Million) by Manufacturers (2021–2026)

 Table 10. Global Infant Formula Milk Powder Revenue Share by Manufacturers (2021–2026)

 Table 11. Global Market Infant Formula Milk Powder Average Price (K USD/MT) of Key Manufacturers (2021–2026)

 Table 12. Global Key Players of Infant Formula Milk Powder, Industry Ranking, 2023 vs 2024 vs 2025

 Table 13. Global Key Manufacturers of Infant Formula Milk Powder, Manufacturing Sites and Headquarters

 Table 14. Global Key Manufacturers of Infant Formula Milk Powder, Product Types and Applications

 Table 15. Global Key Manufacturers of Infant Formula Milk Powder, Date of Entry into the Industry

 Table 16. Global Manufacturers Market Concentration Ratio (CR5 and HHI)

 Table 17. Global Infant Formula Milk Powder Companies by Tier (Tier 1, Tier 2, Tier 3), based on Infant Formula Milk Powder Revenue, 2025

 Table 18. Manufacturers Mergers & Acquisitions, Expansion Plans

 Table 19. Global Infant Formula Milk Powder Market Size by Region (US$ Million): 2021 vs 2025 vs 2032

 Table 20. Global Infant Formula Milk Powder Sales by Region (K MT), 2021–2026

 Table 21. Global Infant Formula Milk Powder Sales Market Share by Region (2021–2026)

 Table 22. Global Infant Formula Milk Powder Sales by Region (K MT), 2027–2032

 Table 23. Global Infant Formula Milk Powder Sales Market Share by Region (2027–2032)

 Table 24. Global Infant Formula Milk Powder Revenue by Region (US$ Million), 2021–2026

 Table 25. Global Infant Formula Milk Powder Revenue Market Share by Region (2021–2026)

 Table 26. Global Infant Formula Milk Powder Revenue by Region (US$ Million), 2027–2032

 Table 27. Global Infant Formula Milk Powder Revenue Market Share by Region (2027–2032)

 Table 28. North America Infant Formula Milk Powder Revenue by Country: 2021 vs 2025 vs 2032 (US$ Million)

 Table 29. North America Infant Formula Milk Powder Sales by Country (K MT), 2021–2026

 Table 30. North America Infant Formula Milk Powder Sales by Country (K MT), 2027–2032

 Table 31. North America Infant Formula Milk Powder Revenue by Country (US$ Million), 2021–2026

 Table 32. North America Infant Formula Milk Powder Revenue by Country (US$ Million), 2027–2032

 Table 33. Europe Infant Formula Milk Powder Revenue by Country: 2021 vs 2025 vs 2032 (US$ Million)

 Table 34. Europe Infant Formula Milk Powder Sales by Country (K MT), 2021–2026

 Table 35. Europe Infant Formula Milk Powder Sales by Country (K MT), 2027–2032

 Table 36. Europe Infant Formula Milk Powder Revenue by Country (US$ Million), 2021–2026

 Table 37. Europe Infant Formula Milk Powder Revenue by Country (US$ Million), 2027–2032

 Table 38. Asia Pacific Infant Formula Milk Powder Revenue by Region: 2021 vs 2025 vs 2032 (US$ Million)

 Table 39. Asia Pacific Infant Formula Milk Powder Sales by Region (K MT), 2021–2026

 Table 40. Asia Pacific Infant Formula Milk Powder Sales by Region (K MT), 2027–2032

 Table 41. Asia Pacific Infant Formula Milk Powder Revenue by Region (US$ Million), 2021–2026

 Table 42. Asia Pacific Infant Formula Milk Powder Revenue by Region (US$ Million), 2027–2032

 Table 43. Latin America Infant Formula Milk Powder Revenue by Country: 2021 vs 2025 vs 2032 (US$ Million)

 Table 44. Latin America Infant Formula Milk Powder Sales by Country (K MT), 2021–2026

 Table 45. Latin America Infant Formula Milk Powder Sales by Country (K MT), 2027–2032

 Table 46. Latin America Infant Formula Milk Powder Revenue by Country (US$ Million), 2021–2026

 Table 47. Latin America Infant Formula Milk Powder Revenue by Country (US$ Million), 2027–2032

 Table 48. Middle East and Africa Infant Formula Milk Powder Revenue by Country: 2021 vs 2025 vs 2032 (US$ Million)

 Table 49. Middle East and Africa Infant Formula Milk Powder Sales by Country (K MT), 2021–2026

 Table 50. Middle East and Africa Infant Formula Milk Powder Sales by Country (K MT), 2027–2032

 Table 51. Middle East and Africa Infant Formula Milk Powder Revenue by Country (US$ Million), 2021–2026

 Table 52. Middle East and Africa Infant Formula Milk Powder Revenue by Country (US$ Million), 2027–2032

 Table 53. Global Infant Formula Milk Powder Sales (K MT) by Type (2021–2026)

 Table 54. Global Infant Formula Milk Powder Sales (K MT) by Type (2027–2032)

 Table 55. Global Infant Formula Milk Powder Sales Market Share by Type (2021–2026)

 Table 56. Global Infant Formula Milk Powder Sales Market Share by Type (2027–2032)

 Table 57. Global Infant Formula Milk Powder Revenue (US$ Million) by Type (2021–2026)

 Table 58. Global Infant Formula Milk Powder Revenue (US$ Million) by Type (2027–2032)

 Table 59. Global Infant Formula Milk Powder Revenue Market Share by Type (2021–2026)

 Table 60. Global Infant Formula Milk Powder Revenue Market Share by Type (2027–2032)

 Table 61. Global Infant Formula Milk Powder Price (K USD/MT) by Type (2021–2026)

 Table 62. Global Infant Formula Milk Powder Price (K USD/MT) by Type (2027–2032)

 Table 63. Global Infant Formula Milk Powder Sales (K MT) by Sales Channel (2021–2026)

 Table 64. Global Infant Formula Milk Powder Sales (K MT) by Sales Channel (2027–2032)

 Table 65. Global Infant Formula Milk Powder Sales Market Share by Sales Channel (2021–2026)

 Table 66. Global Infant Formula Milk Powder Sales Market Share by Sales Channel (2027–2032)

 Table 67. Global Infant Formula Milk Powder Revenue (US$ Million) by Sales Channel (2021–2026)

 Table 68. Global Infant Formula Milk Powder Revenue (US$ Million) by Sales Channel (2027–2032)

 Table 69. Global Infant Formula Milk Powder Revenue Market Share by Sales Channel (2021–2026)

 Table 70. Global Infant Formula Milk Powder Revenue Market Share by Sales Channel (2027–2032)

 Table 71. Global Infant Formula Milk Powder Price (K USD/MT) by Sales Channel (2021–2026)

 Table 72. Global Infant Formula Milk Powder Price (K USD/MT) by Sales Channel (2027–2032)

 Table 73. Danone Company Information

 Table 74. Danone Description and Business Overview

 Table 75. Danone Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 76. Danone Infant Formula Milk Powder Product

 Table 77. Danone Recent Developments/Updates

 Table 78. Nestle Company Information

 Table 79. Nestle Description and Business Overview

 Table 80. Nestle Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 81. Nestle Infant Formula Milk Powder Product

 Table 82. Nestle Recent Developments/Updates

 Table 83. Abbott Company Information

 Table 84. Abbott Description and Business Overview

 Table 85. Abbott Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 86. Abbott Infant Formula Milk Powder Product

 Table 87. Abbott Recent Developments/Updates

 Table 88. Reckiit Company Information

 Table 89. Reckiit Description and Business Overview

 Table 90. Reckiit Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 91. Reckiit Infant Formula Milk Powder Product

 Table 92. Reckiit Recent Developments/Updates

 Table 93. Biostime Company Information

 Table 94. Biostime Description and Business Overview

 Table 95. Biostime Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 96. Biostime Infant Formula Milk Powder Product

 Table 97. Biostime Recent Developments/Updates

 Table 98. Bellamy Company Information

 Table 99. Bellamy Description and Business Overview

 Table 100. Bellamy Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 101. Bellamy Infant Formula Milk Powder Product

 Table 102. Bellamy Recent Developments/Updates

 Table 103. Topfer Company Information

 Table 104. Topfer Description and Business Overview

 Table 105. Topfer Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 106. Topfer Infant Formula Milk Powder Product

 Table 107. Topfer Recent Developments/Updates

 Table 108. HiPP Company Information

 Table 109. HiPP Description and Business Overview

 Table 110. HiPP Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 111. HiPP Infant Formula Milk Powder Product

 Table 112. HiPP Recent Developments/Updates

 Table 113. Perrigo Company Information

 Table 114. Perrigo Description and Business Overview

 Table 115. Perrigo Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 116. Perrigo Infant Formula Milk Powder Product

 Table 117. Perrigo Recent Developments/Updates

 Table 118. Humana Company Information

 Table 119. Humana Description and Business Overview

 Table 120. Humana Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 121. Humana Infant Formula Milk Powder Product

 Table 122. Humana Recent Developments/Updates

 Table 123. Nutribio Company Information

 Table 124. Nutribio Description and Business Overview

 Table 125. Nutribio Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 126. Nutribio Infant Formula Milk Powder Product

 Table 127. Nutribio Recent Developments/Updates

 Table 128. Meiji Company Information

 Table 129. Meiji Description and Business Overview

 Table 130. Meiji Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 131. Meiji Infant Formula Milk Powder Product

 Table 132. Meiji Recent Developments/Updates

 Table 133. a2 Milk Company Information

 Table 134. a2 Milk Description and Business Overview

 Table 135. a2 Milk Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 136. a2 Milk Infant Formula Milk Powder Product

 Table 137. a2 Milk Recent Developments/Updates

 Table 138. Ausnutria Company Information

 Table 139. Ausnutria Description and Business Overview

 Table 140. Ausnutria Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 141. Ausnutria Infant Formula Milk Powder Product

 Table 142. Ausnutria Recent Developments/Updates

 Table 143. Feihe Company Information

 Table 144. Feihe Description and Business Overview

 Table 145. Feihe Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 146. Feihe Infant Formula Milk Powder Product

 Table 147. Feihe Recent Developments/Updates

 Table 148. Yili Company Information

 Table 149. Yili Description and Business Overview

 Table 150. Yili Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 151. Yili Infant Formula Milk Powder Product

 Table 152. Yili Recent Developments/Updates

 Table 153. Yashili Company Information

 Table 154. Yashili Description and Business Overview

 Table 155. Yashili Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 156. Yashili Infant Formula Milk Powder Product

 Table 157. Yashili Recent Developments/Updates

 Table 158. Bright Dairy & Food Company Information

 Table 159. Bright Dairy & Food Description and Business Overview

 Table 160. Bright Dairy & Food Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 161. Bright Dairy & Food Infant Formula Milk Powder Product

 Table 162. Bright Dairy & Food Recent Developments/Updates

 Table 163. Junlebao Company Information

 Table 164. Junlebao Description and Business Overview

 Table 165. Junlebao Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 166. Junlebao Infant Formula Milk Powder Product

 Table 167. Junlebao Recent Developments/Updates

 Table 168. Beingmate Company Information

 Table 169. Beingmate Description and Business Overview

 Table 170. Beingmate Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 171. Beingmate Infant Formula Milk Powder Product

 Table 172. Beingmate Recent Developments/Updates

 Table 173. Wonder Sun Company Information

 Table 174. Wonder Sun Description and Business Overview

 Table 175. Wonder Sun Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 176. Wonder Sun Infant Formula Milk Powder Product

 Table 177. Wonder Sun Recent Developments/Updates

 Table 178. Wissun Company Information

 Table 179. Wissun Description and Business Overview

 Table 180. Wissun Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 181. Wissun Infant Formula Milk Powder Product

 Table 182. Wissun Recent Developments/Updates

 Table 183. YeePer Company Information

 Table 184. YeePer Description and Business Overview

 Table 185. YeePer Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 186. YeePer Infant Formula Milk Powder Product

 Table 187. YeePer Recent Developments/Updates

 Table 188. Synutra Company Information

 Table 189. Synutra Description and Business Overview

 Table 190. Synutra Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 191. Synutra Infant Formula Milk Powder Product

 Table 192. Synutra Recent Developments/Updates

 Table 193. Mengniu Dairy Company Information

 Table 194. Mengniu Dairy Description and Business Overview

 Table 195. Mengniu Dairy Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 196. Mengniu Dairy Infant Formula Milk Powder Product

 Table 197. Mengniu Dairy Recent Developments/Updates

 Table 198. Holle Company Information

 Table 199. Holle Description and Business Overview

 Table 200. Holle Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 201. Holle Infant Formula Milk Powder Product

 Table 202. Holle Recent Developments/Updates

 Table 203. Nestle Company Information

 Table 204. Nestle Description and Business Overview

 Table 205. Nestle Infant Formula Milk Powder Sales (K MT), Revenue (US$ Million), Price (K USD/MT), and Gross Margin (2021–2026)

 Table 206. Nestle Infant Formula Milk Powder Product

 Table 207. Nestle Recent Developments/Updates

 Table 208. Key Raw Materials Lists

 Table 209. Raw Materials Key Suppliers Lists

 Table 210. Infant Formula Milk Powder Distributors List

 Table 211. Infant Formula Milk Powder Customers List

 Table 212. Infant Formula Milk Powder Market Trends

 Table 213. Infant Formula Milk Powder Market Drivers

 Table 214. Infant Formula Milk Powder Market Challenges

 Table 215. Infant Formula Milk Powder Market Restraints

 Table 216. Research Programs/Design for This Report

 Table 217. Key Data Information from Secondary Sources

 Table 218. Key Data Information from Primary Sources

 Table 219. Authors List of This Report

List of Figures

 Figure 1. Product Picture of Infant Formula Milk Powder

 Figure 2. Global Infant Formula Milk Powder Market Value by Type (US$ Million), 2021–2032

 Figure 3. Global Infant Formula Milk Powder Market Share by Type: 2025 & 2032

 Figure 4. Cow Milk Powder Product Picture

 Figure 5. Goat Milk Powder Product Picture

 Figure 6. Other Product Picture

 Figure 7. Global Infant Formula Milk Powder Market Value by Stage (US$ Million), 2021–2032

 Figure 8. Global Infant Formula Milk Powder Market Share by Stage: 2025 vs 2032

 Figure 9. First Stage Product Picture

 Figure 10. Second Stage Product Picture

 Figure 11. Third Stage Product Picture

 Figure 12. Global Infant Formula Milk Powder Market Value by Source (US$ Million), 2021–2032

 Figure 13. Global Infant Formula Milk Powder Market Share by Source: 2025 vs 2032

 Figure 14. Regular Product Picture

 Figure 15. Organic Product Picture

 Figure 16. Global Infant Formula Milk Powder Market Value by Price Range (US$ Million), 2021–2032

 Figure 17. Global Infant Formula Milk Powder Market Share by Price Range: 2025 vs 2032

 Figure 18. Economy Type Product Picture

 Figure 19. Mid-range Type Product Picture

 Figure 20. High-end Type Product Picture

 Figure 21. Global Infant Formula Milk Powder Market Value by Sales Channel (US$ Million), 2021–2032

 Figure 22. Global Infant Formula Milk Powder Market Share by Sales Channel: 2025 & 2032

 Figure 23. Maternal Stores

 Figure 24. Supermarkets/Hypermarkets

 Figure 25. Online Retail

 Figure 26. Others

 Figure 27. Global Infant Formula Milk Powder Revenue, (US$ Million), 2021 vs 2025 vs 2032

 Figure 28. Global Infant Formula Milk Powder Market Size (US$ Million), 2021–2032

 Figure 29. Global Infant Formula Milk Powder Sales (K MT), 2021–2032

 Figure 30. Global Infant Formula Milk Powder Average Price (K USD/MT), 2021–2032

 Figure 31. Infant Formula Milk Powder Report Years Considered

 Figure 32. Infant Formula Milk Powder Sales Share by Manufacturers in 2025

 Figure 33. Global Infant Formula Milk Powder Revenue Share by Manufacturers in 2025

 Figure 34. Top 5 and Top 10 Global Infant Formula Milk Powder Players: Market Share by Revenue in Infant Formula Milk Powder in 2025

 Figure 35. Infant Formula Milk Powder Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2021 vs 2025

 Figure 36. Global Infant Formula Milk Powder Market Size by Region (US$ Million): 2021 vs 2025 vs 2032

 Figure 37. North America Infant Formula Milk Powder Sales Market Share by Country (2021–2032)

 Figure 38. North America Infant Formula Milk Powder Revenue Market Share by Country (2021–2032)

 Figure 39. U.S. Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 40. Canada Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 41. Europe Infant Formula Milk Powder Sales Market Share by Country (2021–2032)

 Figure 42. Europe Infant Formula Milk Powder Revenue Market Share by Country (2021–2032)

 Figure 43. Germany Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 44. France Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 45. U.K. Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 46. Italy Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 47. Russia Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 48. Asia Pacific Infant Formula Milk Powder Sales Market Share by Region (2021–2032)

 Figure 49. Asia Pacific Infant Formula Milk Powder Revenue Market Share by Region (2021–2032)

 Figure 50. China Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 51. Japan Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 52. South Korea Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 53. India Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 54. Australia Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 55. China Taiwan Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 56. Indonesia Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 57. Thailand Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 58. Malaysia Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 59. Latin America Infant Formula Milk Powder Sales Market Share by Country (2021–2032)

 Figure 60. Latin America Infant Formula Milk Powder Revenue Market Share by Country (2021–2032)

 Figure 61. Mexico Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 62. Brazil Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 63. Argentina Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 64. Middle East and Africa Infant Formula Milk Powder Sales Market Share by Country (2021–2032)

 Figure 65. Middle East and Africa Infant Formula Milk Powder Revenue Market Share by Country (2021–2032)

 Figure 66. Turkey Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 67. Saudi Arabia Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 68. UAE Infant Formula Milk Powder Revenue Growth Rate (US$ Million), 2021–2032

 Figure 69. Global Sales Market Share of Infant Formula Milk Powder by Type (2021–2032)

 Figure 70. Global Revenue Market Share of Infant Formula Milk Powder by Type (2021–2032)

 Figure 71. Global Infant Formula Milk Powder Price (K USD/MT) by Type (2021–2032)

 Figure 72. Global Sales Market Share of Infant Formula Milk Powder by Sales Channel (2021–2032)

 Figure 73. Global Revenue Market Share of Infant Formula Milk Powder by Sales Channel (2021–2032)

 Figure 74. Global Infant Formula Milk Powder Price (K USD/MT) by Sales Channel (2021–2032)

 Figure 75. Infant Formula Milk Powder Value Chain

 Figure 76. Channels of Distribution (Direct Vs Distribution)

 Figure 77. Bottom-up and Top-down Approaches for This Report

 Figure 78. Data Triangulation

 Figure 79. Key Executives Interviewed