Press release
Global Cow Milk Infant Formula Market will reach 26000 million US$ by the end of 2025
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Infant formula milk powder, also called cow milk infant formula, is a manufactured food designed and marketed for feeding to babies and infants, usually prepared for bottle-feeding or cup-feeding from milk powder (mixed with water). The U.S. Federal Food, Drug, and Cosmetic Act(FFDCA) defines infant formula as "a food which purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk".
Cow milk infant formula consumption is related to nation’s birth rate. In the last five years, Europe and Japan maintained a relatively steady pace. This low growth rate is mainly due to low population growth in Europe and Japan. Meanwhile, North America and Australia, the growth rate was slightly better than Europe and Japan. Due to the economic situation is bad, cow milk infant formula industry in Africa's development speed is not fast. Asia is the fastest growing region.
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During the investigation, we find that cow milk infant formula production bases are concentrated in Ireland, Netherlands, New Zealand, Australia, America and China, etc. After China's melamine scandal broke out in 2008, most foreign companies tended to transfer their market to China. In recent years, China manufacturers also seek overseas excellent milk base. Some companies in China even introduce fine cow varieties to ensure the safety of cow milk infant formula. So, competition in this industry is stiff. Now it is in the state of excess capacity.
Price of cow milk infant formula changed quickly during past five years. It shows that global average price of cow milk infant formula dropped from 9835 USD/MT in 2011 to 9561 USD/MT in 2015.
The global Cow Milk Infant Formula market is valued at 25800 million US$ in 2017 and will reach 26000 million US$ by the end of 2025, growing at a CAGR of 0.1% during 2018-2025.
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The major players covered in this report
Mead Johnson
Nestle
Danone
Abbott
FrieslandCampina
Heinz
Bellamy
Topfer
HiPP
Perrigo
Arla
Holle
Pinnacle
Meiji
Yili
Biostime
Yashili
Feihe
Brightdairy
Beingmate
Wonderson
Synutra
Wissun
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