Baby Infant Formula Market Is Touted to Earn a Whopping $39,541 Million by the Year 2023.
According to a new report published by Allied Market Research, titled, Baby Infant Formula Market by Type, Ingredient, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global baby infant formula market was valued at $19,892 million in 2016, and is projected to reach $39,541 million by 2023, registering a CAGR of 10.4% from 2017 to 2023. In 2016, the infant milk segment accounted for more than five-ninths share of the global market, in terms of revenue.
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