Infant Formula Market 2017-2023: Market Size, Industry Trends – Abbott Laboratories, Danone S.A., Nestlé S.A., Royal FrieslandCampina N.V., Mead Johnson, Kraft Heinz, AusnutriaHyproca, Glanbiaplc, GlaxoSmithKline plc, Perrigo NutritionalsAccording to a new research report published by xResearch, the global infant formula market is expected to exhibit positive growth trend and reach a significant valuation by the end of the forecast period of 2017-2023. The report provides 360° analysis of infant formula market size, share, growth, future trend and forecast from view of manufacturers, regions, product types and end industries and this factor which is useful to the business.
The infant formula market was valued at USD XXX Million in 2018 and is projected to reach USD XXX Million by 2023, growing at a CAGR of XX% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for infant formula.
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The global infant formula market spans across the regions of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America and Europe collectively account for XX% of the market. In North America, U.S. is the prominent market in North America. However, Asia Pacific is slated to be the fastest growing market for Infant Formula. Countries such as China, India and Japan are anticipated to be the major contributor to the growth of infant formula.
The global infant formula market has been segmented based on type, form and distribution channel. By type, the global infant formula market has been segmented into infant milk formula, growing-up milk formula, follow-on milk formula and specialty baby milk formula. The growing-up milk formula segment is capturing XX% the market while follow-on milk formula segment is expected to exhibit significant growth during the forecast period.
By form, the global infant formula market has been segmented into powder and liquid. The powder infant formula segment market was held to be USD XXX Million in 2018 and is anticipated to reach to a market valuation of USD XXX Million by the end of 2023. The liquid infant formula segment is expected to showcase positive growth trend.
By distribution channel, the global infant formula market has been segmented into supermarket/hypermarket, pharmacies, online store and others. The pharmacies segment accounted for XX% of market share in global infant formula market. Also, online store segment is anticipated to showcase a growth of X.X% over the forecast period.
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The key players operating in the global infant formula market includeAbbott Laboratories, Danone S.A., Nestlé S.A., Royal FrieslandCampina N.V., Mead Johnson, Kraft Heinz, AusnutriaHyproca, Glanbiaplc, GlaxoSmithKline plc, Perrigo Nutritionals and Other Key & Niche Vendors. Company profile provide key facts, company background, SWOT analysis, market assessment, key strategic objectives and challenges, recent developments, regional category analysis and competitive positioning and prospects.
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xResearch is a leading independent provider of strategic and analytical market research. We create data and analysis on thousands of products and services around the world. Our market research reports empower companies with strategic data, analysis and consumer trends in a single resource.
We unite the most profound insight over the vastest arrangement of capital-escalated businesses and markets. By interfacing information crosswise over factors, our analysts give our clients a wealthier, profoundly incorporated perspective of their industry. With experienced domain experts, xResearch strives to provide best solutions and accurate forecast which enables the client to take informed decisions.
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