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 refers to manufactured food that is typically designed to be similar to that of a human mother's milk. These products are designed for babies up to 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 and baby. Infant formula can be used in various cases, including the inability of the baby to breastfeed, the mother's health, an underweight baby, and personal preferences. Steadily rising birth rates worldwide are among the most significant factors driving the infant formula market's growth. The rising female workforce worldwide is another major factor governing market growth. Parents now seek trustworthy products that are convenient to 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 of infant formula products. Manufacturers are now inclined towards offering organic products that ensure optimum nutrition and do no damage to infant health. However, stringent regulations and disagreement on infant formula over breastfeeding are major challenges for the market. Various global health organizations recommend breastfeeding over these products, at least for the first six months. Infant formula is suggested only when breastfeeding is impossible for the baby or mother.

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 of 2014–2023. The said research study covers an in-depth analysis of multiple market segments based on product types and a cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for 2015 and 2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

To help strategic decision-makers, the report also includes competitive profiling of the leading infant formula product vendors, their SCOT (Strengths, 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 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 the following:

  • 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.

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

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

The global infant formula market is dominated by cow's milk protein-based formula. As of 2015, the segment contributed more than forty percent of the total worldwide revenue. Cow-milk protein-based infant formula is among the oldest and highly popular worldwide. Other formula products, such as soy-based and hypoallergenic formulas, are used only in cases where babies cannot consume cow's milk-based formula, or it is against religious beliefs. Thus, the prominence of cow's milk protein-based formula is estimated to remain high throughout the forecast period.

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

Based on geography, the global infant formula market is segmented into the 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 and Africa (MEA)
  • GCC countries
  • North Africa
  • South Africa
  • rest of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

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 Western European countries. The presence of major companies such as Nestle SA, H. J. Heinz Company, Danone SA, and others in the region is another major factor responsible for robust market growth here.

The Asia Pacific region 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-name baby care products. In China, the 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.

Frequently Asked Question:

The market for Infant Formula Market is expected to reach USD$ XX Mn in 2023.

TheInfant Formula Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

Nestle SA,Kraft Heinz Company,Danone SA, Hero Group, Bristol-Myers Squibb Company.are some of the major players in the global market.

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Published Date:  Jul 2016
Category:  Consumer Goods
Report ID:   58006
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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