Home / Consumer Goods / Infant Formula Market By Protein Source (Cow Milk Protein-based, Soy-based, Hypoallergenic and Specialized Infant Formula) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023

Infant Formula Market By Protein Source (Cow Milk Protein-based, Soy-based, Hypoallergenic and Specialized Infant Formula) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023

Published: Jul 2016 | Report Code: 58006-07-16

Infant formula refers to manufactured food, typically designed to be similar to that of human mother’s milk. These products are designed for babies of upto three years of age. The formula is available in powder, concentrated liquid or ready-to-feed forms. This makes infant formula convenient and easy to feed for both mother as well as baby. Infant formula can be used in various cases including inability of baby to breastfeed, mother’s health, undernourished baby and also personal preferences. Steadily rising birth rate across the world is one of the most significant factors driving the infant formula market growth. Rising female workforce worldwide is another major factor governing the market growth. Parents now seek for trustworthy products that are convenient for use as well as nutritious.

Due to increasing demand for brand-named and convenient baby care products, the infant formula market is estimated to register strong growth in the coming years. Another significant factor fueling the overall market growth is the ongoing advancement across infant formula products. Manufacturers are now inclined towards offering organic products that ensure optimum nutrition and no damage to infant health. However, stringent regulations and disagreement on infant formula over breastfeeding is a major challenge for the market. Various global health organizations recommend breastfeeding over these products at least for the first six months. Infant formula is suggested only in instances wherein breastfeeding is not possible for baby/mother.

Infant Formula Market

The report titled “Global Infant Formula Market- Growth, Share, Opportunities and Competitive Analysis, 2016 – 2023” offers strategic insights into the global infant formula market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on product types and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2015 & 2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading infant formula product vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Nestle SA, Kraft Heinz Company, Danone SA, Hero Group, Bristol-Myers Squibb Company, Perrigo Company Plc. and Mead Johnson & Company, LLC among others. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the baby care products industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2014 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global infant formula market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

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 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Infant Formula Market
2.2 Global Infant Formula Market, By Protein Source
2.3 Global Infant Formula Market, By Distribution Channel
2.4 Global Infant Formula Market, By Geography

Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Infant Formula Market Revenue, 2014 – 2023, (US$ Bn)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Impact Analysis of Market Drivers and Inhibitors
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Consumer Behavior Analysis: Infant Formula Market
3.7 Key Regulations: Infant Formula Market
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Vendors

Chapter 4 Global Infant Formula Market Analysis, By Protein Source
4.1 Market Analysis
4.2 Cow Milk Protein-based Formula
4.3 Soy Protein-based Formula
4.4 Hypoallergenic Formula
4.5 Specialized Formula

Chapter 5 Global Infant Formula Market Analysis, By Distribution Channel
5.1 Market Analysis
5.2 Supermarkets
5.3 Specialized Baby Care Stores
5.4 Online Retail
5.5 Pharmacy Shops
5.6 Others

Chapter 6 North America Infant Formula Market Analysis
6.1 Overview
6.2 North America Infant Formula Market Analysis, By Protein Source, 2014 – 2023
6.2.1 Market Analysis
6.3 North America Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
6.3.1 Market Analysis
6.4 North America Infant Formula Market Analysis, By Region, 2014 – 2023
6.4.1 U.S.
6.4.1.1 U.S. Infant Formula Market Analysis, By Protein Source, 2014 – 2023
6.4.1.2 U.S. Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
6.4.2 Rest of North America
6.4.2.1 Rest of North America Infant Formula Market Analysis, By Protein Source, 2014 – 2023
6.4.2.2 Rest of North America Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023

Chapter 7 Europe Infant Formula Market Analysis
7.1 Overview
7.2 Europe Infant Formula Market Analysis, By Protein Source, 2014 – 2023
7.2.1 Market Analysis
7.3 Europe Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
7.3.1 Market Analysis
7.4 Europe Infant Formula Market Analysis, By Region, 2014 – 2023
7.4.1 U.K.
7.4.1.1 U.K. Infant Formula Market Analysis, By Protein Source, 2014 – 2023
7.4.1.2 U.K. Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
7.4.2 Germany
7.4.2.1 Germany Infant Formula Market Analysis, By Protein Source, 2014 – 2023
7.4.2.2 Germany Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
7.4.3 CIS
7.4.3.1 CIS Infant Formula Market Analysis, By Protein Source, 2014 – 2023
7.4.3.2 CIS Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
7.4.4 Rest of Europe
7.4.4.1 Rest of Europe Infant Formula Market Analysis, By Protein Source, 2014 – 2023
7.4.4.2 Rest of Europe Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023

Chapter 8 Asia Pacific Infant Formula Market Analysis
8.1 Overview
8.2 Asia Pacific Infant Formula Market Analysis, By Protein Source, 2014 – 2023
8.2.1 Market Analysis
8.3 Asia Pacific Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
8.3.1 Market Analysis
8.4 Asia Pacific Infant Formula Market Analysis, By Region, 2014 – 2023
8.4.1 China
8.4.1.1 China Infant Formula Market Analysis, By Protein Source, 2014 – 2023
8.4.1.2 China Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
8.4.2 Japan
8.4.2.1 Japan Infant Formula Market Analysis, By Protein Source, 2014 – 2023
8.4.2.2 Japan Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
8.4.3 South Asia
8.4.3.1 South Asia Infant Formula Market Analysis, By Protein Source, 2014 – 2023
8.4.3.2 South Asia Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
8.4.4 Australasia
8.4.4.1 Australasia Infant Formula Market Analysis, By Protein Source, 2014 – 2023
8.4.4.2 Australasia Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
8.4.5 Rest of Asia Pacific
8.4.5.1 Rest of Asia Pacific Infant Formula Market Analysis, By Protein Source, 2014 – 2023
8.4.5.2 Rest of Asia Pacific Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023

Chapter 9 Middle East & Africa (MEA) Infant Formula Market Analysis
9.1 Overview
9.2 MEA Infant Formula Market Analysis, By Protein Source, 2014 – 2023
9.2.1 Market Analysis
9.3 MEA Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
9.3.1 Market Analysis
9.4 MEA Infant Formula Market Analysis, By Region, 2014 – 2023
9.4.1 GCC countries
9.4.1.1 GCC countries Infant Formula Market Analysis, By Protein Source, 2014 – 2023
9.4.1.2 GCC countries Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
9.4.2 North Africa
9.4.2.1 North Africa Infant Formula Market Analysis, By Protein Source, 2014 – 2023
9.4.2.2 North Africa Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
9.4.3 South Africa
9.4.3.1 South Africa Infant Formula Market Analysis, By Protein Source, 2014 – 2023
9.4.3.2 South Africa Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
9.4.4 Rest of MEA
9.4.4.1 Rest of MEA Infant Formula Market Analysis, By Protein Source, 2014 – 2023
9.4.4.2 Rest of MEA Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023

Chapter 10 Latin America Infant Formula Market Analysis
10.1 Overview
10.2 Latin America Infant Formula Market Analysis, By Protein Source, 2014 – 2023
10.2.1 Market Analysis
10.3 Latin America Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
10.3.1 Market Analysis
10.4 Latin America Infant Formula Market Analysis, By Region, 2014 – 2023
10.4.1 Brazil
10.4.1.1 Brazil Infant Formula Market Analysis, By Protein Source, 2014 – 2023
10.4.1.2 Brazil Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
10.4.2 Mexico
10.4.2.1 Mexico Infant Formula Market Analysis, By Protein Source, 2014 – 2023
10.4.2.2 Mexico Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023
10.4.3 Rest of Latin America
10.4.3.1 Rest of Latin America Infant Formula Market Analysis, By Protein Source, 2014 – 2023
10.4.3.2 Rest of Latin America Infant Formula Market Analysis, By Distribution Channel, 2014 – 2023

Chapter 11 Company Profiles
11.1 Nestle SA
11.1.1 Nestle SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.2 Kraft Heinz Company
11.2.1 Kraft Heinz Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.3 Danone SA
11.3.1 Danone SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.4 Hero Group
11.4.1 Hero Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.5 Bristol-Myers Squibb Company
11.5.1 Bristol-Myers Squibb Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.6 Perrigo Company Plc.
11.6.1 Perrigo Company Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.7 Mead Johnson & Company, LLC
11.7.1 Mead Johnson & Company, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.8 Bellamy’s Organic
11.8.1 Bellamy’s Organic: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.9 Hain Celestial Group
11.9.1 Hain Celestial Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
11.10 Abbott Laboratories
11.10.1 Abbott Laboratories: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

List of Figures

FIG. 1 Global Infant Formula: Market Segmentation
FIG. 2 Global Infant Formula Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Infant Formula Market, By Protein Source, 2015 (US$ Bn)
FIG. 5 Global Infant Formula Market, By Distribution Channel, 2015 (US$ Bn)
FIG. 6 Global Infant Formula Market, By Geography, 2015 (US$ Bn)
FIG. 7 Global Infant Formula Market Revenue, 2014 – 2023, (US$ Bn)
FIG. 8 Market Positioning of Key Infant Formula Vendors, 2015
FIG. 9 Global Infant Formula Market Revenue Contribution, By Protein Source, 2015 & 2022 (Value %)
FIG. 10 Global Cow Milk Protein-based Formula Formula Market Revenue, 2014 – 2023 (US$ Bn)
FIG. 11 Global Soy Protein-based Formula Market Revenue, 2014 – 2023 (US$ Bn)
FIG. 12 Global Hypoallergenic Formula Market Revenue, 2014 – 2023, (US$ Bn)
FIG. 13 Global Specialized Formula Market Revenue, 2014 – 2023, (US$ Bn)
FIG. 14 Global Infant Formula Market Revenue Contribution, By Distribution Channel, 2015 & 2022 (Value %)
FIG. 15 Global Infant Formula Market Revenue through Supermarkets, 2014 – 2023 (US$ Bn)
FIG. 16 Global Infant Formula Market Revenue through Specialized Baby Care Stores, 2014 – 2023 (US$ Bn)
FIG. 17 Global Infant Formula Market Revenue through Online Retail, 2014 – 2023, (US$ Bn)
FIG. 18 Global Infant Formula Market Revenue through Pharmacy Shops, 2014 – 2023, (US$ Bn)
FIG. 19 Global Infant Formula Market Revenue through Other Distribution Channels, 2014 – 2023, (US$ Bn)
FIG. 20 North America Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 21 U.S. Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 22 Rest of North America Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 23 Europe Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 24 U.K. Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 25 Germany Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 26 CIS Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 27 Rest of Europe Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 28 Asia Pacific Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 29 China Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 30 Japan Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 31 South Asia Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 32 Australasia Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 33 Rest of Asia Pacific Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 34 MEA Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 35 GCC countries Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 36 North Africa Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 37 South Africa Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 38 Rest of MEA Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 39 Latin America Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 40 Brazil Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 41 Mexico Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)
FIG. 42 Rest of Latin America Infant Formula Market Analysis, 2014 – 2023, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Infant Formula Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 5 North America Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 6 U.S. Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 7 U.S. Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 8 Rest of North America Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 9 Rest of North America Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 10 Europe Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 11 Europe Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 12 U.K. Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 13 U.K. Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 14 Germany Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 15 Germany Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 16 CIS Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 17 CIS Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 18 Rest of Europe Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 19 Rest of Europe Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 20 Asia Pacific Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 21 Asia Pacific Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 22 China Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 23 China Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 24 Japan Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 25 Japan Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 26 South Asia Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 27 South Asia Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 28 Australasia Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 29 Australasia Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 30 Rest of Asia Pacific Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 31 Rest of Asia Pacific Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 32 MEA Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 33 MEA Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 34 GCC countries Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 35 GCC countries Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 36 North Africa Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 37 North Africa Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 38 South Africa Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 39 South Africa Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 40 Rest of MEA Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 41 Rest of MEA Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 42 Latin America Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 43 Latin America Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 44 Brazil Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 45 Brazil Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 46 Mexico Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 47 Mexico Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 48 Rest of Latin America Infant Formula Market Revenue, By Protein Source, 2014 – 2023 (US$ Bn)
TABLE 49 Rest of Latin America Infant Formula Market Revenue, By Distribution Channel, 2014 – 2023 (US$ Bn)
TABLE 50 Nestle SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 51 Kraft Heinz Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 52 Danone SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 53 Hero Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 54 Bristol-Myers Squibb Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 55 Perrigo Company Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 56 Mead Johnson & Company, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 57 Bellamy’s Organic: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 58 Hain Celestial Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 59 Abbott Laboratories: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

 Profiles of specific players, if required, shall be added to the report upon request

The global infant formula market is segmented, based on its protein source, into following categories

  • Cow Milk Protein-based Formula
  • Soy-based Formula
  • Hypoallergenic Formula
  • Specialized Formula

Infant Formula Market

The global infant formula market is dominated by the cow milk protein-based infant formula. The segment contributed to more than forty percent of the total revenue generated worldwide, as of 2015. Cow milk protein-based infant formula is among the oldest types and hence highly popular worldwide. Other formula products such as soy-based and hypoallergenic formula are used only cases where babies are unable to consume cow milk-based formula or it is against religious beliefs. Thus, the prominence of cow milk protein-based formula is estimated to remain high throughout the forecast period.

Due to high nutritional value and acceptance of cow milk infant formula, the segment growth is estimated to remain strong throughout the forecast period. Apart from cow milk infant formula, hypoallergenic and specialized infant formula segments are projected to register remarkable growth in the market during the forecast period. Soy-based infant formula segment is predicted to register steady growth.

On the basis of geography, the global infant formula market is segmented as per following regions and countries.

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Australasia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

 

Infant Formula Market

North America and Europe collectively contribute to the largest share, in terms of revenue and adoption, of the global infant formula market. Infant formula has witnessed strong adoption in North America and specifically Western Europe countries. Presence of major companies such as Nestle SA, H. J. Heinz Company, Danone SA and others in the regions is another major factor responsible for robust market growth here.

The Asia Pacific is estimated to witness the highest growth in the overall infant formula market during the forecast period. With the rising discretionary income, female workforce and awareness regarding healthcare, people here are increasingly shifting towards brand-named baby care products. In China, birth rate is projected to rise significantly in the coming years. This may portray China as a potential market for infant formula in the coming years.

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