In 2023, the retail sales value of infant milk formula (IMF) in China amounted to about billion yuan, dropping slightly from the previous year. Chinese baby formula manufacturer Feihe took up the largest share of China's baby formula market.
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Essence Securities, & Eastmoney.com. (December 29, 2023). Retail sales value of infant milk formula in China from 2018 to 2023 (in billion yuan) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1485274/china-baby-formula-retail-sales-value/
Essence Securities, und Eastmoney.com. "Retail sales value of infant milk formula in China from 2018 to 2023 (in billion yuan)." Chart. December 29, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1485274/china-baby-formula-retail-sales-value/
Essence Securities, Eastmoney.com. (2023). Retail sales value of infant milk formula in China from 2018 to 2023 (in billion yuan). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1485274/china-baby-formula-retail-sales-value/
Essence Securities, and Eastmoney.com. "Retail Sales Value of Infant Milk Formula in China from 2018 to 2023 (in Billion Yuan)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 29 Dec 2023, /statistics/1485274/china-baby-formula-retail-sales-value/
Essence Securities & Eastmoney.com, Retail sales value of infant milk formula in China from 2018 to 2023 (in billion yuan) ÌÇÐÄÆƽâ°æ, /statistics/1485274/china-baby-formula-retail-sales-value/ (last visited July 27, 2026)
Retail sales value of infant milk formula in China from 2018 to 2023 (in billion yuan) [Graph], Essence Securities, & Eastmoney.com, December 29, 2023. [Online]. Available: /statistics/1485274/china-baby-formula-retail-sales-value/
