Asia Pacific Market to Emerge as a Leading Producer of Infant Formula in the Near Future

The market for infant formula will see substantial expansion with the rise in the number of pregnancies and childbirths as well as the surge in the number of maternal mortalities across the globe. The rising prevalence of inappropriate nutrition in infancy and childhood has led to hampered growth and development in children in many cases. The absence of breast milk in infants has resulted in increasing episodes of malnutrition, and infections as well as long-term impairment on health.

Infant formula acts as an additional food supplement to breast milk in order to meet all the nutritional needs during the maiden 4 to 6 months of childbirth. They are widely consumed to curb the chances of stunting as well as extended consequences on cognition and physical work capacities caused by malnutrition. Furthermore, the formula can be accessed in the form of powders, concentrated liquids, and ready-to-use formats.
It has been estimated that the global infant formula market size will amass more than USD 98 billion in yearly revenue by 2025.

Get Sample Report + All Related Graphs & Charts (with COVID-19 Analysis) at: https://www.gminsights.com/request-sample/detail/3237

Increasing adoption of standard formula
The demand for standard infant formula is anticipated to reach significant traction due to increasing adoption over its soy-based counterparts. This formula is derived from cow milk and is rich in lactose and minerals. It is highly preferred for intake as it imitates breast milk. The standard infant formula also comprises vegetable oils and vitamins.

On the other hand, the penetration of toddler formula will also rise commendably driven by increasing requirement from picky eaters.

The distribution of infant formula across online channels will show prominence owing to their ease of accessibility. There is also a significant hike in the number of retail platforms that offer infant-based commodities. For instance, in January 2021, PlantX Life Inc., commenced online shopping for baby formula products from Else Nutrition Holdings Inc. on its U.S. e-commerce platform.

Asia Pacific offers favorable regional landscape
The consumption of infant formula products is likely to grow exponentially across the Asia Pacific region in the next few years. This can be attributed to expanding population in developing regions like China and India. The increasing household incomes of consumers have increased their spending capacities on health and hygiene.

Several authorities across the region have also regulated various initiatives to promote the use of infant formula. To quote the same with an instance, the WHO South-East Asia Regional Office is placing consistent efforts to offer enhanced infant complementary feeding solutions. The Code of Marketing of Breast Milk Substitutes has also been implemented across several countries in the Asian continent.

Competitive marketing dynamics
Providers of various types of infant formula are consistently coming up with inorganic collaborations such as partnerships, mergers, acquisitions and strategic moves like capacity expansions to
• Proliferate their offerings across the world
• Enhance their customer and product portfolio
• Increase their revenue sales

Place an Inquiry Before Buying: https://www.gminsights.com/inquiry-before-buying/3237

They are also keen on incorporating innovations to gain a positive edge over their competitors. To cite an instance, in March 2021, Hochdorf introduced a goat milk infant formula for its Bimbosan brand to aid easy digestion in babies.

Nestle, Danone, Abbott, Perrigo Nutritionals, Hero Group, HiPP, and Arla Food Ingredients, are some of the other popular infant formula brands worldwide.

Read Our More FOOD, NUTRITION AND ANIMAL FEED Reports at: https://www.gminsights.com/industry-reports/food-nutrition-and-animal-feed

Selenium Yeast Market: https://www.openpr.com/news/2277709/selenium-yeast-market-key-players-demand-growth

Non-Alcoholic Beer Market: https://www.openpr.com/news/2277701/non-alcoholic-beer-market-trends-key-players-opportunities

Freeze Dried Fruits and Vegetables Market: https://www.openpr.com/news/2278241/freeze-dried-fruits-and-vegetables-market-future-strategies

Contact us:
Global Market Insights Inc.
4 North Main Street, Selbyville, Delaware 19975 USA
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com/

About Global Market Insights:
Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

This release was published on openPR.