Infant Formula Market 2019 Growth Analysis by Key Players Nestlé, Danone, Reckitt Benckiser, Abbott, Perrigo Nutritionals

A comprehensive research study on Infant Formula Market introduced by Graphical Research provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of the market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

Global infant formula market will be primarily driven by the growing number of working-class women across the globe. Infant formula are widely accepted alternatives of breast milk hence the rising population of working mothers shall drive product demand during the forecast period.

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Key Profiles:
• Nestlé
• Danone
• Reckitt Benckiser
• Abbott
• Perrigo Nutritionals
• Arla Food Ingredients
• Hero Group
• HiPP
• Otsuka Pharmaceutical Co. Ltd.
• Bubs Australia

According to The Federal Food, Drug, and Cosmetic Act (FFDCA), by U.S. Food and Drug Administration, infant formula is defined 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.

The global infant formula market is highly regulated with various regulations laid down by The Center for Food Safety and Applied Nutrition under the U.S. FDA. It lays down regulations regarding the nutrient specifications in baby food products.

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On the basis of product, the infant formula market has been segmented into standard, follow-on, toddler and specialty. Among the aforementioned segments, the follow-on segment generated maximum revenue over USD 20 billion in 2018, whereas the toddler’s segment is likely to exhibit the highest CAGR over the forecast timeframe. The rising disposable income across the globe along with the growing adoption of infant formula are major factors augmenting the infant formula market size.

On the basis of distribution channels, the global market has been segregated into hypermarket, supermarket, convenience store, online and others. Among the aforementioned segments, supermarkets contributed highest to the revenue share amounting more than USD 18 billion in 2018 and will hold the highest revenue share throughout the assessment period.

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Asia Pacific is projected to be the major revenue pocket during the forecast period and shall exhibit highest gains over 10% CAGR in terms of revenue. Growing number of female workers coupled with the increasing middle-class population shall boost the product demand during the assessment period.

Europe held the second most revenue generating market position in 2018 and is projected to display the same trend throughout the forecast period.

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