Retail sales value of infant formula China 2018-2023

Published by
Xin Ou,
Sep 4, 2024

In 2023, the retail sales value of infant milk formula (IMF) in China amounted to about 157.2 billion yuan, dropping slightly from the previous year. Chinese baby formula manufacturer Feihe took up the largest share of China's baby formula market.

Retail sales value of infant milk formula in China from 2018 to 2023 (in billion yuan)

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Release date

December 2023

Region

China

Survey time period

2018 to 2023

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of August 2024). 

The statistics covered baby food as well.

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