Home / Food & Beverage / Specialty Milk Formula Market By Distribution Channel (Specialty Outlets, Supermarkets, Online Store, Pharmacy Store, Others) - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023

Specialty Milk Formula Market By Distribution Channel (Specialty Outlets, Supermarkets, Online Store, Pharmacy Store, Others) - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023

Published: Sep 2016 | Report Code: 58080-09-16

Infant nutrition is a distinct market comprises of two sub-categories such as infant formula and baby food. Infant milk formula is a dietary product manufactured, designed and marketed in order to feed infants due to its similarity with breast milk and as well as suitability as an alternative to breast milk. There are basically four types of infant formula available in the market which includes starting milk formula, follow-on milk formula, toddler’s milk formula and specialty milk formula. Majority of the infant formula are made up of cow’s milk comprises of minerals, vitamins and other related nutrients. The specialty milk formula are basically designed for specific health related ailments or situations (including premature babies, acid reflux, allergies, and others.) Presently, the segment captures miniscule share in infant formula market and is likely to observe significant growth in future. The North America region contributed highest in revenue share of global specialty milk formula market in 2015.

Rapid urbanization along with increasing popularity and significant demand for specialty milk formula due to rising health related concerns among infants has strengthened the growth of global specialty milk formula market over the past few years. Apart from this, rising active participation of women in workforce is likely to positively impel the growth of specialty milk formula market over the forecast period. Rising birth rate especially in developing economies along with increasing purchasing power of parents due to escalation in the disposable income is projected to strengthen the growth of global specialty milk formula market over the forecast period. Impelling e-commerce channel growth and preferences for online purchase of baby foods is further likely to fuel the overall specialty milk formula market growth during the forecast period. Asia Pacific is anticipated to expand at a robust CAGR over the forecast period due to changing scenario and rise in health consciousness for infants in the emerging countries such as China and India.

Specialty Milk Formula market has been estimated to be valued at US$ 1,731.8 Mn by the end of 2016 and is expected to attain revenue of US$ 3,091.0 Mn by 2023, expanding at a CAGR of 8.6% during the forecast period 2016-2023.

Specialty Milk Formula Market

Purpose of the Report

The purpose of this strategic research study titled “Global Specialty Milk Formula Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global specialty milk formula market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Specialty Milk Formula Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the global specialty milk formula market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on distribution channel and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading specialty milk formula vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within specialty milk formula industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 3-Year market size data (2013 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global specialty milk formula market, of growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.

Table of Contents

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Specialty Milk Formula Market

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Rising number of women on workforce worldwide
3.2.2 Market Challenges
3.2.2.1 Adulteration to hamper market growth
3.2.3 Market Opportunities
3.2.3.1 Potential for specialty milk formula growth in Middle East and Latin Amerian Region
3.3 Attractive Investment Proposition
3.4 Market Share Analysis of Key Manufactures in Global Specialty Milk Formula Market

Chapter 4 Global Specialty Milk Formula Market Analysis, By Distribution Channel
4.1 Specialty Outlets
4.2 Supermarket
4.3 Online Store
4.4 Pharmacy Store
4.5 Others

Chapter 5 North America Specialty Milk Formula Market Analysis
5.1 Overview
5.1.1 North America Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
5.2 North America Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
5.2.1 North America Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
5.3 North America Specialty Milk Formula Market Analysis, By Country, 2013 – 2023 (US$ Mn)
5.3.1 U.S.
5.3.2 Canada

Chapter 6 Europe Specialty Milk Formula Market Analysis
6.1 Overview
6.1.1 Europe Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
6.2 Europe Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
6.2.1 Europe Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
6.3 Europe Specialty Milk Formula Market Analysis, By Country, 2013 – 2023 (US$ Mn)
6.3.1 Germany
6.3.2 France
6.3.3 U.K.
6.3.4 Rest of Europe

Chapter 7 Asia Pacific Specialty Milk Formula Market Analysis
7.1 Overview
7.1.1 Asia Pacific Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
7.2 Asia Pacific Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
7.2.1 Asia Pacific Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
7.3 Asia Pacific Specialty Milk Formula Market Analysis, By Country, 2013 – 2023 (US$ Mn)
7.3.1 China
7.3.2 India
7.3.3 Japan
7.3.4 Rest of Asia Pacific

Chapter 8 Latin America Specialty Milk Formula Market Analysis
8.1 Overview
8.1.1 Latin America Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
8.2 Latin America Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
8.2.1 Latin America Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
8.3 Latin America Specialty Milk Formula Market Analysis, By Country, 2013 – 2023 (US$ Mn)
8.3.1 Brazil
8.3.2 Mexico
8.3.3 Rest of Latin America

Chapter 9 Middle East & Africa Specialty Milk Formula Market Analysis
9.1 Overview
9.1.1 Middle East & Africa Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
9.2 Middle East & Africa Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)
9.2.1 Middle East & Africa Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023 (US$ Mn)

Chapter 10 Company Profiles
10.1 Nestle S.A.
10.2 Groupe Danone
10.3 Abbott Nutrition
10.4 Mead Johnson Nutrition.
10.5 The Kraft Heinz Company
10.6 Meiji Holdigs Co. Ltd,
10.7 Perrigo Nutritionals.
10.8 Beingmate Baby & Child Food Co. Ltd
10.9 Synutra International
10.10 Pfizer Inc.

List of Figures

FIG. 1 Specialty Milk Formula Market: Research Methodology
FIG. 2 Attractive Investment Proposition
FIG. 3 Market Share Analysis of Key Manufacturers in Global Specialty Milk Formula Market, 2015 (Value %)
FIG. 4 Specialty Milk Formula Distribution Channel Market in Specialty Outlets, 2013 - 2023 (US$ Mn)
FIG. 5 Specialty Milk Formula Distribution Channel Market in Supermarkets, 2013 - 2023 (US$ Mn)
FIG. 6 Specialty Milk Formula Distribution Channel Market in Online Store, 2013 - 2023 (US$ Mn)
FIG. 7 Specialty Milk Formula Distribution Channel Market in Pharmacy Store, 2013 - 2023 (US$ Mn)
FIG. 8 Specialty Milk Formula Distribution Channel Market in Others, 2013 - 2023 (US$ Mn)
FIG. 9 North America Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
FIG. 10 Europe Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
FIG. 11 Asia Pacific Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
FIG. 12 Latin America Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)
FIG. 13 Middle East & Africa Specialty Milk Formula Market Revenue, 2013 – 2023, (US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Specialty Milk Formula Market
TABLE 2 Global Specialty Milk Formula Market, By Distribution Channel, 2013 - 2023 (US$ Mn)
TABLE 3 North America Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 4 U.S. Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 5 Canada Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 6 Europe Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 7 Germany Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 8 France Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 9 U.K. Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 10 Rest of Europe Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 11 Asia Pacific Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 12 China Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 13 India Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 14 Japan Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 15 Rest of Asia Pacific Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 16 Latin America Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 17 Brazil Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 18 Mexico Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 19 Rest of Latin America Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 20 Middle East & Africa Specialty Milk Formula Market Analysis, By Distribution Channel, 2013 – 2023, (US$ Mn)
TABLE 21 Nestle S.A.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage))
TABLE 22 Groupe Danone: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 23 Abbott Nutrition: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 24 Mead Johnson Nutrition: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 25 The Kraft Heinz Company: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 26 Meiji Holdings (Top Pharm Chemical): Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 27 Perrigo Nutritionals: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 28 Beingmate Baby & Child Food Co. Ltd: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 29 Synutra International: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)
TABLE 30 Pfizer Inc.: Company Snapshot (Business Description; Financial Information; Product Position/Portfolio; News Coverage)

On the basis of distribution channel, the specialty milk formula market is categorized into following types:

  • Specialty Outlets
  • Supermarkets
  • Online Store
  • Pharmacy Store
  • Others

Specialty Milk Formula Market

Increase in global demand for high quality infant formula generate the requirements for significant quality assured production processes that are crucial for global specialty milk formula manufacturers to prosper in current scenario. Manufacturing infant formula is a compound process due to specific needs of growing infants and thus it is crucial to incorporate all necessary micro and macro nutrients at an appropriate concentration. On the basis of distribution channel, the specialty milk formula market is bifurcated by supermarkets, specialty outlets, pharmacy store, online store and others. In 2015, pharmacy store segment contributed the highest revenue share in global specialty milk formula market. This segment has captured the highest share due to preferences for consulting pediatricians by the parents in order to choose the appropriate infant milk formula. Increasing internet penetration along with hectic lifestyle and rising number of women on workforce is expected to foster the growth of online store segment over the forecast period. Increasing trend of purchasing the products through online channels especially in developing economies is projected to expand the growth of online store segment in Latin America and Middle East & Africa and thus is likely to impel the growth of specialty milk formula market in these regions till 2023.

On the basis of geography, the global specialty milk formula market is segmented into following categories,

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Russia
  • Asia Pacific
    • China
    • India
    • South Korea
  • Middle East & Africa
  • Central & South America
    • Brazil

Specialty Milk Formula Market

North America dominated the global specialty milk formula market in 2015. It accounted for more than 45% share of global specialty milk formula market. Increasing awareness about specialty milk formula and its related benefits along with rising health related disorders among infant has boosted the demand for specialty milk formula products in the region. Followed by it, Europe stood at second position in the global specialty milk formula market in the same year. The willingness and ability of parents to purchase premium infant formula products is expected to drive the growth of specialty milk formula market in Europe during the forecast period. In the next few years, Asia-Pacific specialty milk formula market is anticipated to contribute significantly in terms of revenue till 2023. Robust economic development, increasing number of health conscious parents and safety concerns for infants along with popularity of specialty milk formula among them is likely to foster the Asia Pacific region growth till 2023. Other regions such as Middle East and Latin America are also likely to observe robust growth in specialty milk formula market worldwide.

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