Infant Formula Market to Grow by 9.3% in 2016 to Reach US$ 24.5 Bn

Demand for infant formula is expected to reach US$ 24.5 billion in 2016, a growth of 9.3% from 2015. While the market in North America and Western Europe will grow at 5.9% and 7.1% respectively, growth will be strong in developing regions, with APEJ and MEA growing at 11.8% and 10.1% in 2016.

Increasing participation of women in the workforce will continue to positively influence the market. Availability of baby formula with natural or organic ingredients are offering women the opportunity of returning to their jobs without compromising on their desires of providing healthy and nutritious foods to their babies.

Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-838

By product type, starting milk formula will remain the most attractive segment, growing by 9.7% in 2016 to reach US$ 11,632.2 Mn in revenues. While birth rates continue to decline globally, the number of births remains high in developing countries, which will continue to offer growth opportunities to manufacturers catering to this segment.

Sales will remain strong through pharmacies, with this distribution segment accounting for 75.8% revenue share of the market in 2016, up from 75.7% in 2015. Pharmacy segment will grow by 9.4% in 2016, whereas supermarkets, the second largest distribution channel, will grow by 8.7%.

Asia Pacific Excluding Japan (APEJ) will continue to be the largest market for infant formula in 2016, representing 46.0% revenue share of the market. China will continue to dominate the APEJ infant formula market, accounting for nearly 90% revenue share of the market in 2016. Developing countries in APEJ will be key to volume sales of infant formula, whereas US, Canada, and Western Europe will continue to contribute to value sales.

Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-838

Nestlé 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 are some of the market leaders identified across the value chain in the global infant formula market landscape. The global infant formula market is highly consolidated, with the top five players Nestle S.A., Groupe Danone, Abbott Nutrition, Mead Johnson Nutrition and The Kraft Heinz Company accounting for around 60% share of the global market. Leading companies are focusing on expanding their production capacity and launching new product offerings to consolidate their position.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
press@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.