Infant Formula Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2025
The Infant Formula market is highly competitive with companies functional such as Mead Johnson Nutrition (Acquired by Reckitt Benckiser in 2018), Danone, Nestle, Arla Food Ingredients, Hero Group, Abbott and Perrigo Nutritionals. The companies have extensive experience in their respective domain of products and have an integrated supply chain network. Additionally, the large size companies have joint ventures and alliances with medium sized local players to penetrate in local market, so to have a better understanding of parents and their choice of food for their babies.
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Europe is one of the prominent regions in infant formula market. Europe has presence of several infant formula producing companies and will be growing at 9.0% during the forecast timespan. Nestle, HiPP, DMK GmbH and Danone are some of the major players operational in this regional market. Asia Pacific is one promising region in terms of increasing consumption of infant formula market. The region held 35.6% share by volume in global infant formula market in 2018. Growing infant population in India, Vietnam, Pakistan, Thailand, Indonesia will be accelerating product demand over the forecast timeframe. Additionally, governments of these nations are taking necessary steps to improve their infant mortality rate, for which they run several schemes for baby as well as for the mother. In addition, growing awareness among parents about right selection of food products for their babies has led to intense competition among companies regarding reaching their target consumers efficiently.
Infant Formula market will exceed USD 98 billion by 2025. The prime factor driving infant formula market during the forecast timeframe will be rising infant population every year. As per United Nations, world infant population in 2015 was recorded at 673.6 million and shall increase to 733.3 million in 2025. This infant population growth shall have positive impact on infant formula market growth over the next few years.
Additionally, growing number of working mothers in general workforce is a prime infant formula business driver since few years and shall fuel infant formula demand in the coming years. In addition, rising middle-class households in economies including Thailand, India, Indonesia, South Korea, Malaysia, etc., have led to socio-economic development and population growth and eventually rise in consumers who are able to buy infant formula for their kids. This, in turn, has fueled product demand over the past few years.
Supermarkets segment shall be witnessing maximum gains in infant formula market in the coming years. The segment will expand at CAGR of 9.5% over the forecast timeframe. The steadily growing retail industry across the globe, will benefit supermarket formats the most, as they have wide product range and offer products at affordable prices.
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Infant Formula market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD million from 2014 to 2025, for the following segments:
Infant Formula market by product:
Table of Content:
Chapter 1. Methodology And Scope
1.2. Market definition
1.3. Market estimation & forecast parameters
1.4. Data sources
Chapter 2. Executive Summary
Chapter 3. Infant Formula Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.4. Innovation & sustainability
3.5. Industry impact forces
3.6. Regulatory landscape
Chapter 4. Infant Formula Market, By Product
Chapter 5. Infant Formula Market, By Distribution Channels
Chapter 6. Infant Formula Market, By Region
Chapter 7. Company Profiles
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Global Baby Food and Infant Formula Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
The worldwide market for Baby Food and Infant Formula is expected to grow at a CAGR of roughly 3.7% over the next five years, will reach 78300 million US$ in 2024, from 63000 million US$ in 2019, according to a new study. Baby food and infant formula has various types, including infant formula, baby snacks, baby cereals, bottled & canned baby food and so on. Among the product family, infant formula accounts for the largest market share, which held about 71.04% market share in 2015.
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