Infant Formula Market: Opportunities, Trends, and Forecast Analysis (2021-2027) by Product Type, Distribution Channel, and Region.

The Infant Formula Market is expected to reach US$ 110.52 Bn. with a CAGR of 9.6% over the forecast period (2021-2027), thanks to the promising demand dynamics such as low fertility rates and low nursing rates…

Infant Formula Market Definition:

Infant formula is a food that is specifically manufactured and sold for newborns under the age of 12 months. This food contains essential nutrients, vitamins, and minerals for the infant's development. This is recommended as a substitute to breast milk by medical specialists. It is ideal for working mothers because it can be fed anywhere, at any time. The worldwide infant formula industry is expected to increase rapidly due to rising demand for organic baby food among children under the age of five around the world. Malnutrition among children and infants is on the rise, necessitating the use of infant formula. Infant Formula MarketTo know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done good in lockdown also and specific strategic analysis of those companies is done in the report.

Infant Formula Market Dynamics:

Global Infant Formula Market size was valued at US$ 58.18 Bn. in 2020 and the total revenue is expected to grow at 9.6% through 2021 to 2027, reaching nearly US$ 110.52 Bn. The global market is propelled by promising demand dynamics such as low fertility rates and low nursing rates, signaling early reliance on breast milk substitutes. Consumers' changing lifestyles and modernization are also fuelling product growth. The product's convenience, combined with its compositional upgrade, is driving demand among parents. The growing investment by major players in the R&D of innovative products is expected to boost the baby formula market's growth. For instance, Nestle S.A. launched a new research facility in Ireland in January 2019. The center is focused on emerging inventions in milk-based infant and maternal nutrition products for the global market. The growing focus on the nutritional needs of baby formula around the globe is a major key driving factor for the infant formula market. Furthermore, the growing number of working women throughout the world has prompted infant food manufacturers to offer nutrient-dense supplements to meet the need for quick feeding. In addition, corporations are using environmentally friendly packaging materials, which has boosted key players' growth prospects. Nestle SA, Danone, and Abbott Nutrition are among the companies striving to make animal-free infant food that offers the same nutrients as mother's milk. The need has been accelerated by cases of stunted growth, hunger, and an increase in the number of women who are unable to lactate. In 2020, the World Health Organization (WHO) predicted that 149 million children under the age of five were stunted and 45 million were excessively short for their age. On the other hand, Regulatory restrictions governing the manufacture of infant formulae are expected to limit demand for the medicine over the projected period. Many governments and regulatory agencies are implementing high safety and quality standards for products makers. For example, the China Certification and Accreditation Administration (CNCA) has permitted sales to only 94 international companies out of approximately 800. Furthermore, the costs of goods manufacturing and the utilization of high-tech in the business would prevent new players from entering the market. Also, limited product awareness in the rural Asia Pacific and Africa may limit demand for infant formula in the future. As well, due to low per capita income in some developing nations, such as the Asia Pacific and Africa, reduced acceptance for luxury or high-priced products might be a barrier to market expansion.

Infant Formula Market Segmentation:

The Infant Formula market is segmented into Product Type and Distribution Channel. Based on the Distribution Channel segment: The Infant Formula market is further sub-segmented into Specialty Outlets, Supermarkets, Online Stores, Pharmacy Stores, and Others. Among others, Supermarkets and hypermarkets are expected to hold the largest market share of XX% by 2027. Buyers benefit from greater convenience, distinct infant departments, bundling offers, programs, and a simple shopping experience all under one roof at these mass merchandisers. Furthermore, these distribution channels are planned to serve as a "one-stop-shop" for infant formula. Other rapidly growing distribution channels include specialty stores, which offer a wide choice of baby foods, specialist items, breast milk substitutes, and other infant care products on a single platform. Consumers are enticed to buy from specialty stores because of the convenience of shopping with a varied product range. The majority of customers choose to purchase products from such specialized stores under the advice of a specialist and experienced nutritionist.

Infant Formula Market Regional Insights:

The Asia-Pacific is the world's largest market for infant formulas. During the forecast period, the regional market is expected to grow at a rate of 10.90 percent (2021-2027). The substantial demand resulting from high birth rates dominates the Asia-Pacific market. The market's growth has also been fueled by the strong impetus provided to the domestic sector, as well as an increasing reliance on imports due to rising demand for higher-quality, premium items. Another key reason for the region's supremacy is the existence of China, which is the world's largest consumer of newborn and baby food products. Furthermore, China's decision to eliminate its "one-child" policy, as well as an increase in the country's birth rate, is expected to boost the market growth. Due to an increase in the number of working women and increased awareness of the products' benefits and nutritional worth, demand throughout the Middle East & Africa is increasing. Furthermore, the greater familiarity with western lifestyles and the economy's underlying strength is expected to have a favorable impact on product growth. Infant Formula Market by Regional The objective of the report is to present a comprehensive analysis of the global Infant Formula to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Infant Formula dynamics, structure by analyzing the market segments and project the Infant Formula size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Infant Formula make the report investor’s guide.

Infant Formula Market Scope: Inquire before buying

Infant Formula Market by Scope

Infant Formula Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Infant Formula Market Key Players

• Abbott • Arla Foods Amba • Campbell Soups • Dana Dairy Group Ltd. • Danone • D-Signstore • HiPP GmbH & Co. • Vertrieb KG • YILI.COM INC. • Reckitt Benckiser (Mead Johnson & Company LLC) • Nestle S.A • The Hain Celestial Group • Royal AUSNZ • FrieslandCampina N.V. • Kraft Heinz company • Meiji Holdings Co. Ltd. • Beingmate Baby & Child Food Co. Ltd. • Synutra International Inc. • Pfizer Inc. • Others

Frequently Asked Questions:

1. Which region has the largest share in Infant Formula Market? Ans: the Asia Pacific held the largest share in 2020. 2. What is the growth rate of the Infant Formula Market? Ans: The Infant Formula Market is growing at a CAGR of 9.6% during the forecasting period 2021-2027. 3. What segments are covered in Infant Formula market? Ans: Infant Formula Market is segmented into Product Type, Distribution Channel, and region. 4. Who are the key players in Infant Formula market? Ans: The important key players in the Infant Formula Market are - Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd, Danone, D-Signstore, HiPP GmbH & Co., Vertrieb KG, YILI.COM INC., Reckitt Benckiser (Mead Johnson & Company LLC), Nestle S.A, The Hain Celestial Group, Royal AUSNZ, FrieslandCampina N.V., Kraft Heinz company, Meiji Holdings Co. Ltd., Beingmate Baby & Child Food Co. Ltd., Synutra International Inc., Pfizer Inc., and Others. 5. What is the study period of this market? Ans: The Infant Formula Market is studied from 2020 to 2027.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Product Types 2.3.2. Primary Research 2.3.2.1. Data from Primary Product Types 2.3.2.2. Breakdown of Primary Product Types 3. Executive Summary: Infant Formula Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Infant Formula Market 3.4. Geographical Snapshot of the Infant Formula Market, By Manufacturer share 4. Infant Formula Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Infant Formula Market 5. Supply Side and Demand Side Indicators 6. Infant Formula Market Analysis and Forecast, 2020-2027 6.1. Infant Formula Market Size & Y-o-Y Growth Analysis. 7. Infant Formula Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 7.1.1. Starting Milk Formula 7.1.2. Follow-on Milk Formula 7.1.3. Toddlers Milk Formula 7.1.4. Special Milk Formula 7.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 7.2.1. Specialty Outlets 7.2.2. Supermarkets 7.2.3. Online Stores 7.2.4. Pharmacy Stores 7.2.5. Others 8. Infant Formula Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Infant Formula Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 9.1.1. Starting Milk Formula 9.1.2. Follow-on Milk Formula 9.1.3. Toddlers Milk Formula 9.1.4. Special Milk Formula 9.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 9.2.1. Specialty Outlets 9.2.2. Supermarkets 9.2.3. Online Stores 9.2.4. Pharmacy Stores 9.2.5. Others 10. North America Infant Formula Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Infant Formula Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 12. Canada Infant Formula Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 13. Mexico Infant Formula Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 14. Europe Infant Formula Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 15. Europe Infant Formula Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Infant Formula Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 17. France Infant Formula Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 18. Germany Infant Formula Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 19. Italy Infant Formula Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 20. Spain Infant Formula Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 21. Sweden Infant Formula Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 22. CIS Countries Infant Formula Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 23. Rest of Europe Infant Formula Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 24. Asia Pacific Infant Formula Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 25. Asia Pacific Infant Formula Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Infant Formula Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 27. India Infant Formula Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 28. Japan Infant Formula Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 29. South Korea Infant Formula Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 30. Australia Infant Formula Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 31. ASEAN Infant Formula Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 32. Rest of Asia Pacific Infant Formula Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 33. Middle East Africa Infant Formula Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 34. Middle East Africa Infant Formula Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Infant Formula Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 36. GCC Countries Infant Formula Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 37. Egypt Infant Formula Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 38. Nigeria Infant Formula Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 39. Rest of ME&A Infant Formula Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 40. South America Infant Formula Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 41. South America Infant Formula Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Infant Formula Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 43. Argentina Infant Formula Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 44. Rest of South America Infant Formula Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Product Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Infant Formula Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Distribution Channels and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Abbott 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Arla Foods Amba 45.3.3. Campbell Soups 45.3.4. Dana Dairy Group Ltd 45.3.5. Danone 45.3.6. D-Signstore 45.3.7. HiPP GmbH & Co. 45.3.8. Vertrieb KG 45.3.9. YILI.COM INC. 45.3.10. Reckitt Benckiser (Mead Johnson & Company LLC) 45.3.11. Nestle S.A 45.3.12. The Hain Celestial Group 45.3.13. Royal AUSNZ 45.3.14. FrieslandCampina N.V. 45.3.15. Kraft Heinz company 45.3.16. Meiji Holdings Co. Ltd. 45.3.17. Beingmate Baby & Child Food Co. Ltd. 45.3.18. Synutra International Inc. 45.3.19. Pfizer Inc. 45.3.20. Others 46. Primary Key Insight.

About This Report

Report ID124801
Category Food & Beverages
Published DateOct 2021
Updated Date
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