After years of growth, the global infant formula market is showing signs of stagnation, according to a report compiled by Teno Business Insight and Performance.

Results in the first half of 2020 for the ‘Big Four’ infant formula companies (Nestlé, Danone, Abbott and Mead Johnson) indicate a slowing market due to a decline in sales growth in Europe and the Americas, coupled with the impact of destocking post-COVID-19 lockdown.