Consumer stockpiling in early 2020 has been positive for global infant formula sales, according to a report compiled by Teno Business Insight and Performance.

First quarter figures for the “Big Four” infant formula companies show that, in general, sales volumes of baby formula are up. The Big Four, which include Danone, Nestlé (Wyeth), Abbott and Mead Johnson, account for roughly 70% of global infant formula sales.