Selbyville, Delaware This Global Infant Formula report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
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.
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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.
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
o Convenience stores
The Infant Formula market stands tall as one of the most proactive industry verticals, as claimed by a new research report. This research study forecasts this space to accrue substantial proceeds by the end of the projected period, aided by a plethora of driving forces that will fuel the industry trends over the forecast duration. A gist of these driving factors, in tandem with myriad other dynamics pertaining to the Infant Formula market, such as the risks that are prevalent across this industry as well as the growth opportunities existing in Infant Formula market, have also been outlined in the report.
A brief outline of the Infant Formula market scope:
- Global industry remuneration
- Individualized and overall growth rate
- Market trends
- Competitive reach
- Product spectrum
- Application terrain
- Distributor analysis
- Sales channel evaluation
- Marketing channel trends – Now and later
- Market Competition Trend
- Market Concentration Rate
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