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Infant Formula Market A forward-looking, opening doors for collaborations for technology and innovation in 2021-2027
Infant Formula Market
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Increasing number of working women population is a prime factor driving the market growth of infant formula. Various women resume their jobs quickly after delivery and infant formula is ideal for these women as it is easy to prepare and consume lesser time. Moreover, infant’s formula have various nutrients values that are present in human breast milk which is further augmenting their adoption across consumers.
Detailed Segmentation:
Global Infant Formula Market, By Product Type:
Starting Milk Formula
Follow-on Milk Formula
Toddler’s Milk Formula
Special Milk Formula
Global Infant Formula Market, By Distribution Channel:
Specialty Outlets
Supermarkets
Online Stores
Pharmacy Stores
Others
The global infant formula market has witnessed significant growth in recent past years, owing to the changing consumer lifestyles which have led to a shift in food preference. For instance, growing demand for processed and convenience foods is expected to fuel the growth of the global infant formula market during the forecast period.
Growing demand for premium infant nutrition product is expected to provide potential opportunities to the market of infant formula. For instance, in November 2019, Advanced Lipids has launched two new additions to its infant range of infant formula ingredients. A new premium offering, Infant Pro, offers higher levels of sn-2 palmitate, while Infant MF is a special blend containing milk fat. Both new products will be unveiled at Food Ingredients Europe, 3-5 December in Paris.
Global Infant Formula Market - Impact of Coronavirus (Covid-19) Pandemic
There have been unprecedented variations in the global sales of infant formula and food products owing to the changes in purchase patterns among consumers. Rising trends of bulk buying and stockpiling of infant formula or foods has led to certain products being in very limited supply, which in turn has led to price fluctuations in global infant formula market. This scenario is expected to hinder the growth rate the market till the early months of 2021.
Competitive Section:
Company Names
Nestle S.A
Groupe Danone
Abbott Nutrition
Mead Johnson Nutrition
The Kraft Heinz Company
Meiji Holdings Co. Ltd.
Beingmate Baby & Child food Co. Ltd.
Synutra International Inc.
Pfizer Inc
FrieslandCampina N.V.
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