Organic Infant Formula Market | Top Key players are Glanbia plc, Pfizer, Inc., GlaxoSmithKline plc, Mead Johnson, Nestlé S.A., Perrigo Nutritionals, and Danone Nutricia.

Overview:
Organic Infant Formulas are foods designed to replace human breast milk. This is one of the most complex foods because it requires specific manufacturing capabilities and sophisticated quality control protocols. Organic Infant Formula is on the line between pharmaceuticals and food. This is indicated by the fact that the industry has always been dominated by large pharmaceutical companies such as Danone Nutricia, Abbott Laboratories, GlaxoSmithKline plc, Pfizer, Inc., etc. The growth is supported mainly by to the increase in the number of working women around the world. According to the World Bank, the percentage of women workers rose by 4% worldwide between 1990 and 2013. Today, many working mothers return to work shortly after giving birth. In such a situation, Organic Infant Formula offer an attractive alternative to working mothers, satisfying their need for healthy and nutritious foods for their babies.

The Organic Infant Formula market can be segmented by formula type, formulation and geography. According to the type of formula, the market is segmented into milk formula and organic infant formula. Based on the formulation, the market is segmented into powder, liquid concentrate and ready-to-use products.

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Drivers and Restraints:
The Organic Infant Formulas market is growing significantly as a result of the growing baby boomer population, the increase in disposable income in developing regions and the increasing participation of women in the labor market. In addition, rapid urbanization and the growth of the middle class have also boosted the market. However, the regulatory concerns associated with obtaining approval for the manufacture of such substitute products is the main barrier to entry of new players. Recently, China has introduced stricter quality and safety standards for manufacturers and distributors of organic infant formula and other related food products in the country. The China Certification and Accreditation Administration (CNCA) said that, of the more than 800 foreign brands that distribute organic infant formula in China, only 94 brands have been approved for sale in China. The strict regulations associated with these products could hinder the growth of the market.

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Geographic Segmentation:
Geographically, North America is the largest market in terms of revenue. Factors such as high disposable income, the presence of important actors in the region and a well-developed pharmaceutical industry are attributed to the growth of the market in the region. Europe is the second largest market with good manufacturing facilities and high purchasing power of the individuals. Asia-Pacific is expected to experience the highest growth rate in the coming years owing to the factors such as the large population, the increase in disposable income and the high rates of urbanization. In addition, the deceleration of sales in developed regions has forced key players to target emerging markets. The large Chinese population and the growing volume of consumers with increasing purchasing power are very attractive for multinational brands.

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Key Players In Organic Infant Formula Market:
The key players in the market include Ausnutria Hyproca, Abbott Laboratories, Bristol-Myers Squibb Company, Glanbia plc, Pfizer, Inc., GlaxoSmithKline plc, Mead Johnson, Nestlé S.A., Perrigo Nutritionals, and Danone Nutricia.

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