Latin America Infant Formula Milk Powder Market was worth USD XX million in 2021 and is estimated to be growing at a CAGR of XX%, to reach USD XX million by 2027
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.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).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. The introduction of new products and flavours has also contributed to the growth of the market.
On the basis of distribution channels
convenience stores
supermarkets
hypermarkets
food and drink specialty stores
Brazil
Mexico
Argentina
The huge rise in spending in the Infant Formula Milk Powder market has increased the demand in the market. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the market in the foreseeable future.
Mead Johnson
Nestle
Abbott
FrieslandCampina
Heinz
Bellamy
Topfer
HiPP
Perrigo
Danone
Arla
Holle
Fonterra
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