In an ideal world, no parent would ever have to worry about securing food for their infants. However, the harsh reality of 2022 painted a different picture as baby formula supplies in the US plummeted by 43%, reaching a staggering 50% decline in some regions. The resulting shortage left many parents grappling with uncertainty about where their baby’s next meal would come from.
Amidst the hardships faced by families in feeding their infants, the baby food industry experienced a significant surge, reaching a remarkable value of $280 billion in 2022, despite the broken supply chains. Over the period from 2006 to 2022 alone global consumption of baby formula tripled, showcasing the growing demand for breast milk alternatives.
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