Infant formula is a manufactured food designed and marketed for feeding to babies and infants under 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder (mixed with water) or liquid (with or without additional water).
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The Latin America Infant Formula Milk Powder Market was worth USD XX million in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2021.
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Manufacturers state that the composition of infant formula is designed to be roughly based on a human mother's milk at approximately one to three months postpartum; however, there are significant differences in the nutrient content of these products.
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The Latin America Infant Formula Milk Powder Market is driven by the rising number of mergers and acquisitions and the strategic collaborations between companies coupled with the increasing investment of vendors in milk sources and cattle ranches to maintain a steady supply of milk.
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The introduction of new products and flavours has also contributed to the growth of the market.
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The major players operating in the Latin America Infant Formula Milk Powder Market include Mead Johnson, Nestle, Abbott, FrieslandCampina, Heinz, Bellamy. Topfer , HiPP, Perrigo, Danone, Arla, Holle and Fonterra.
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