Singapore Infant Formula Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Singapore Infant Formula Market is Segmented By Formula (Ready to Feed, Powder, Liquid Concentrate), By Formulation (Cows Milk Based, Soy Based, Hypoallergenic, Others), By Distribution Channel (Online, Hypermarkets, Supermarkets, pecialty Stores, Others). The report offers the value (in USD million) for the above-mentioned segments.
Singapore Infant Formula Market Size
Market Size in USD
CAGR9.4%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 9.4% |
| Market Concentration | High |
| Major Players | Similac, Nan Nestle, Enfamil, Dumex, Friso Gold |
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Singapore Infant Formula Market Analysis
The Singapore infant formula market is estimated to be valued at USD 1,005.4 Mn in 2024 and is expected to reach USD 1,885.6 Mn by 2031, growing at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
The Singapore infant formula market has been witnessing notable growth over the past few years. Factors such as the rising women workforce, high disposable income levels, and increasing awareness regarding baby nutrition have been driving the demand for infant formula products in the country.