Baby Infant Formula Market Expected to Reach $39,541 Million, Globally, by 2023

According to a new report published by Allied Market Research, titled, "Baby Infant Formula Market by Type, Ingredient, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global baby infant formula market was valued at $19,892 million in 2016, and is projected to reach $39,541 million by 2023, registering a CAGR of 10.4% from 2017 to 2023. In 2016, the infant milk segment accounted for more than five-ninths share of the global market, in terms of revenue.

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Baby infant formula comprises infant milk, follow-on-milk, specialty baby milk, and growing-up milk designed for the consumption of infants and toddlers. Infant milk contains the necessary nutrients, minerals, and vitamins for normal development of the baby. Physicians recommend infant formula as an alternative to breastmilk, as it can be fed anywhere and at any time, which makes it a convenient for working mothers. Many working mothers return to their jobs shortly after giving birth. Thus, infant formula can be fed at convenience and provides a healthy and nutritious alternative.

High nutrition content in baby infant formula, change in lifestyle, rise in middle-class population, and increase in disposable income of people in emerging economies, such as India, China, Indonesia, are expected to propel the market growth from 2017 to 2023.

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In 2016, infant milk accounted for the highest share in the market, and is expected to maintain its dominance during the forecast period. It contains vitamins and nutrients, such as iron that can help prevent anemia. Some types of infant formula are supplemented with probiotic called Bifidobacterium Lactis, which prevent diarrhea, ease colic, and lower the risk of food allergies. Active launch activities and promotion of infant formula in the U.S. and UK have led to its high penetration rate.

Growth in awareness among consumers has led to increase in preference for organic baby food products. Thus, baby infant formula free from ingredients such as added sugar, sodium, and preservatives may present novel opportunities for the baby infant formula manufacturers. However, concerns related to food safety and decline in global birth rate may hamper the market growth.

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The key players profiled in the report include Abbott Laboratories, Arla Foods, Beingmate Group Co. Ltd., Campbell Soup Company, D. SIGNSTORE, Danone, Heinz and Hain Celestial Group, HiPP GmbH & Co., Mead Johnson Nutrition Company, LLC, and Nestle S.A.

Table of Contents:

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVES

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining Power of buyers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Intensity of competitive rivalry

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increase in number of women participation in labor force
3.4.1.2. High nutritional content of infant formula
3.4.1.3. Rise in middle-class population in emerging economies

3.4.2. Restraints

3.4.2.1. Concerns related to food safety
3.4.2.2. Decline in global birth rate

3.4.3. Opportunity

3.4.3.1. Growth in preference for organic baby food & drinks

Chapter: 4 BABY INFANT FORMULA MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market size and forecast

4.2. INFANT MILK

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. FOLLOW-ON-MILK

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. SPECIALTY BABY MILK

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

4.5. GROWING-UP MILK

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast

Chapter: 5 BABY INFANT FORMULA MARKET, BY INGREDIENT

5.1. INTRODUCTION

5.1.1. Market size and forecast

5.2. CARBOHYDRATE

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. FAT

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. PROTEIN

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast

5.5. MINERALS

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast

5.6. VITAMINS

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast

5.7. OTHERS

5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast

Chapter: 6 BABY INFANT FORMULA MARKET, BY DISTRIBUTION CHANNEL

6.1. INTRODUCTION

6.1.1. Market size and forecast

6.2. HYPERMARKETS

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast

6.3. SUPERMARKETS

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast

6.4. PHARMACY/MEDICAL STORES

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast

6.5. SPECIALTY STORES

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast

6.6. HARD DISCOUNTER STORES

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast

6.7. OTHERS

6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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