Organic Infant Formula Market Size, Share, Growth Analysis, By Source(Plants (Soy and others), Protein hydrolysates, Milk (Cow, Camel), By Distribution channel(Offline and online), By Region - Industry Forecast 2024-2031

Drivers

Growing Health Problems such as Cancer in Women are Anticipated to Boost Market Demand.

• The prevalence of health complications such as breast cancer and diabetes has been on the rise, leading to a significant decline in breastfeeding rates in recent years. According to a report from the World Health Organization, approximately 2.3 million women worldwide were diagnosed with breast cancer in 2020, and 685,000 lost their lives to the disease. In the US, breast cancer accounts for 1 in 3 female cancer cases, making it the most common form of cancer globally, representing approximately 12% of all cancer cases each year. This decline in breastfeeding rates is subsequently fueling the demand for organic infant formula.

Restraints

Strict Production Process, Inflation, and Hampered Business Activities may Hamper Growth

The production of organic infant formula follows a stringent manufacturing process to ensure it is completely free from chemicals, hormones, and pesticides. As a result, the production cost of organic formula is higher compared to conventional infant formula. This increased cost may lead to customer aversion towards purchasing organic formula due to the higher price point. Additionally, production activities have been hampered by government restrictions aimed at reducing the spread of viruses, disrupting the balance between supply and demand. Inflation rates have soared in both high-income and low-income countries following the pandemic. For instance, in Pakistan, the annual inflation rate reached an overwhelming 12.2%. Similarly, Indian consumers are facing the burden of an 8-month high inflation rate of 6.07%.