Market Research Report
Infant Formula Market Size By Product, By Distribution Channel Industry Analysis Report, Regional, Application Trends, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
|Published by||Global Market Insights Inc.||Product code||836158|
|Published||Content info||132 Pages
Delivery time: 2-3 business days
|Infant Formula Market Size By Product, By Distribution Channel Industry Analysis Report, Regional, Application Trends, Price Trends, Competitive Market Share & Forecast, 2019 - 2025|
|Published: April 11, 2019||Content info: 132 Pages||
Infant Formula Market Size By Product (Standard, Follow-on, Toddler, Specialty), By Distribution Channel (Hypermarkets, Super Markets, Convenience Stores, Online) Industry Analysis Report, Regional (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Indonesia, Malaysia, Australia, South Korea, Thailand, Vietnam, Brazil, Mexico, Saudi Arabia, South Africa, UAE), Application Trends, Price Trends, Competitive Market Share & Forecast, 2019 - 2025.
Infant Formula market will exceed USD 98 billion by 2025; according to a new research report.
The prime factor driving infant formula market during the forecast timeframe will be rising infant population every year. As per United Nations, world infant population in 2015 was recorded at 673.6 million and shall increase to 733.3 million in 2025. This infant population growth shall have positive impact on infant formula market growth over the next few years. Additionally, growing number of working mothers in general workforce is a prime infant formula business driver since few years and shall fuel infant formula demand in the coming years. In addition, rising middle-class households in economies including Thailand, India, Indonesia, South Korea, Malaysia, etc., have led to socio-economic development and population growth and eventually rise in consumers who are able to buy infant formula for their kids. This, in turn, has fueled product demand over the past few years.
Follow-on segment accounted for the largest share in global infant formula market in 2018. This segment food caters to babies aged 6 to 12 months. This age group requires proteins and other essential elements as present in mother's milk. This category has highest demand for infant formula because at this stage, breastfeeding is generally stopped, and infants are introduced to other foods.
Supermarkets segment shall be witnessing maximum gains in infant formula market in the coming years. The segment will expand at CAGR of 9.5% over the forecast timeframe. The steadily growing retail industry across the globe, will benefit supermarket formats the most, as they have wide product range and offer products at affordable prices.
Europe is one of the prominent regions in infant formula market. Europe has presence of several infant formula producing companies and will be growing at 9.0% during the forecast timespan. Nestle, HiPP, DMK GmbH and Danone are some of the major players operational in this regional market. Asia Pacific is one promising region in terms of increasing consumption of infant formula market. The region held 35.6% share by volume in global infant formula market in 2018. Growing infant population in India, Vietnam, Pakistan, Thailand, Indonesia will be accelerating product demand over the forecast timeframe. Additionally, governments of these nations are taking necessary steps to improve their infant mortality rate, for which they run several schemes for baby as well as for the mother. In addition, growing awareness among parents about right selection of food products for their babies has led to intense competition among companies regarding reaching their target consumers efficiently.
The Infant Formula market is highly competitive with companies functional such as Mead Johnson Nutrition (Acquired by Reckitt Benckiser in 2018), Danone, Nestle, Arla Food Ingredients, Hero Group, Abbott and Perrigo Nutritionals. The companies have extensive experience in their respective domain of products and have an integrated supply chain network. Additionally, the large size companies have joint ventures and alliances with medium sized local players to penetrate in local market, so to have a better understanding of parents and their choice of food for their babies.
Infant Formula market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD million from 2014 to 2025, for the following segments:
Infant Formula market by product
Infant Formula market by distribution channels
Others (exclusive baby products stores, pharmacies, etc.)
The above information is provided on a regional and country basis for the following:
Middle East & Africa