PUBLISHER: The Business Research Company | PRODUCT CODE: 1760581
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760581
Iron-fortified infant formula is a specially designed milk substitute that contains added iron to support healthy growth and development in babies. It helps prevent iron deficiency anemia, which is common in infants as their natural iron stores from pregnancy start to deplete around 4 to 6 months of age.
The main types of iron-fortified infant formula include powdered, liquid concentrates, and ready-to-use liquids. Powdered iron-fortified infant formula is a dry milk substitute enriched with iron, created to meet the nutritional needs of infants requiring iron supplementation. Feeding methods include breastfeeding supplementation, exclusive formula feeding, and combination feeding, while packaging options include tin cans, plastic containers, pouches, and single-serve sachets. The formula is available for various age groups, including newborns, infants (1-6 months), crawlers (6-12 months), and toddlers (12+ months), and is distributed through channels such as online retail, supermarkets, pharmacies, and specialty stores.
The iron fortified infant formula market research report is one of a series of new reports from The Business Research Company that provides iron fortified infant formula market statistics, including the iron fortified infant formula industry global market size, regional shares, competitors with the iron fortified infant formula market share, detailed iron fortified infant formula market segments, market trends, and opportunities, and any further data you may need to thrive in the iron fortified infant formula industry. This iron fortified infant formula market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The iron fortified infant formula market size has grown strongly in recent years. It will grow from $2.30 billion in 2024 to $2.46 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth during the historic period can be attributed to the increasing prevalence of iron deficiency anemia, rising awareness of infant nutrition, growing urbanization and the increasing number of working mothers, expanding retail penetration in emerging regions, and rising government initiatives focused on child health.
The iron fortified infant formula market size is expected to see strong growth in the next few years. It will grow to $3.17 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to the growing emphasis on early childhood nutrition, increasing disposable income in developing nations, rising preference for fortified baby products, increasing parental concern over infant health, and growing demand for premium infant nutrition. Major trends during this period include technological advancements in formula composition, innovations in iron encapsulation techniques, the development of organic and clean-label formulas, increased research and development investments, and advancements in digestive tolerance solutions.
The growing demand for infant nutrition is expected to significantly drive the growth of the iron-fortified infant formula market in the coming years. Infant nutrition involves providing the right nutrients to newborns and young children, from birth to two years old, to support healthy physical growth, brain development, immune function, and overall well-being. This rising demand is largely attributed to increasing awareness among parents about the importance of early childhood nutrition for proper growth and development. Iron-fortified infant formula plays a vital role in infant nutrition, delivering essential nutrients to support healthy growth, especially when breastfeeding is not an option or is insufficient. For instance, in 2023, according to the United Nations International Children's Emergency Fund (UNICEF), nearly 480 million vitamin A capsules were distributed to 71 countries, benefiting over 320 million children and marking a 26% increase from the approximately 252 million children reached in 2021. This growing awareness of infant nutrition is contributing to the expansion of the iron-fortified infant formula market.
Leading companies in the iron-fortified infant formula market are focusing on developing innovative products, such as powder blends, to improve nutrient absorption and support infant health. Powder blends are uniform mixtures of powdered ingredients that ensure the even distribution of iron and other essential nutrients, enhancing stability, absorption, and consistent nutritional value in each serving. For example, in July 2023, Danone S.A., a France-based food company, launched a dairy and plant milk powder blend for infants, combining 60% dairy protein from whey and casein with 40% non-GMO soy protein. This innovative formula is designed to meet the growing demand for plant-based products while ensuring complete nutritional support for young children. It is fortified with essential micronutrients, including zinc, iron, folate, and vitamins A, B6, B12, C, and D, to support immune function. The formula caters to parents' increasing preference for plant-based diets for their children, without compromising on the crucial nutrients required for infant and toddler development.
In July 2023, Bobbie Baby, Inc., a US-based provider of organic infant formula, acquired Nature's One for an undisclosed sum. This acquisition strengthens Bobbie's position in the infant nutrition market by expanding its production capacity through Nature's One's cutting-edge manufacturing facility in Ohio, one of the most innovative infant formula plants in the US. This acquisition will allow Bobbie to scale production of organic, iron-fortified formulas more efficiently, meeting the rising demand and bolstering supply chain resilience. Nature's One specializes in organic and iron-fortified infant formulas.
Major players in the iron fortified infant formula market are Nestle S.A., Abbott Nutrition Manufacturing Inc., Groupe Danone, FrieslandCampina, Meiji Holdings Co. Ltd., Perrigo Company plc, Morinaga Milk Industry Co. Ltd., The a2 Milk Company, HiPP GmbH & Co. Vertrieb KG, Wockhardt Ltd., Synutra International Inc., ByHeart, Bubs Australia Limited, Bellamy's Organic, Bobbie Baby Inc., Arla Foods amba, Kendamil, Holle Baby Food GmbH, Beingmate Baby & Child Food Co. Ltd., Hero AG.
North America was the largest region in the iron fortified infant formula market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in iron-fortified infant formula report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the iron fortified infant formula market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The iron-fortified infant formula market consists of sales of concentrated liquid infant formula, organic iron-fortified formula, hypoallergenic iron-fortified formula, and follow-up formula and pediatric nutritional formula. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Iron Fortified Infant Formula Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on iron fortified infant formula market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for iron fortified infant formula ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The iron fortified infant formula market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.