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Infant Formula Market Opportunity Analysis, 2018 – 2026 - Abbott Laboratories, Nestlé S.A., Kraft Heinz Food Company, Groupe Danone, Mead Johnson Nutrition Company, Beingmate Baby & Child Food Co., Ltd., Plum Organics, and Meiji Holdings Co., Ltd. amon

01-30-2019 03:16 PM CET | Health & Medicine

Press release from: coherenet market insights

Infant Formula

Infant Formula

Infant formula is a manufactured food, designed and marketed for feeding babies and infants less than 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder (mixed with water) or liquid (with or without additional water).

Market Dynamics
Among formula, cow milk-based segment held the largest revenue share of 70.0% in the global infant formula market in 2017, and is expected to witness a CAGR of 6.0% during the forecast period. Most of the infant formulas are produced using cow's milk that has been altered to resemble breast milk. This gives the formula the right balance of nutrients and makes the formula easier to digest.

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Major players operating in the global infant formula market include Abbott Laboratories, Nestlé S.A., Kraft Heinz Food Company, Groupe Danone, Mead Johnson Nutrition Company, Beingmate Baby & Child Food Co., Ltd., Plum Organics, and Meiji Holdings Co., Ltd. among others.

Asia Pacific held significant market share in the global infant formula market in 2017, owing to rising birth rates in the region. According to the worldstat.org, the birth rate in Asia was 17.56 per population in 2011. The birth rate of boys was more than the birth rate of girls in this region. The population of Asia increased from 4.16 billion in 2010 to 4.43 billion in 2016, which is an increase of around 266 million. This rise in the number of births along with the rise in disposable income and per capita spending on baby care has boosted growth of the infant formula market in this region.

The global infant formula market was valued at US$ 56.0 billion in 2017, and is expected to register a CAGR of 6.1% in terms of revenue, during the forecast period (2018 – 2026), to reach US$ 95.0 billion by 2026.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Seattle, WA 98154
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Email: sales@coherentmarketinsights.com

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