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

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Published: | Report ID: 9566 | Report Format : PDF

Market Insights

Infant nutrition is a distinct market that comprises 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 suitability as an alternative to breast milk. There are basically four types of infant formula available on the market, which include starting milk formula, follow-on milk formula, toddler’s milk formula, and specialty milk formula. The majority of infant formula is made up of cow’s milk, which contains minerals, vitamins, and other related nutrients. The specialty milk formulas are basically designed for specific health-related ailments or situations (including premature babies, acid reflux, allergies, and others). Presently, the segment captures a minuscule share of the infant formula market and is likely to observe significant growth in the future. The North American region contributed the highest revenue share of the 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 the global specialty milk formula market over the past few years. Apart from this, the rising active participation of women in the workforce is likely to positively impel the growth of the specialty milk formula market over the forecast period. Rising birth rates, especially in developing economies, along with the increasing purchasing power of parents due to escalation in disposable income, are projected to strengthen the growth of the global specialty milk formula market over the forecast period. Impelling e-commerce channel growth and preferences for online purchases of baby foods are further likely to fuel the overall specialty milk formula market’s growth during the forecast period. Asia Pacific is anticipated to expand at a robust CAGR over the forecast period due to changing scenarios and a rise in health consciousness for infants in emerging countries such as China and India.

The specialty milk formula market has been estimated to be valued at US$ 1,731.8 million by the end of 2016 and is expected to attain revenue of US$ 3,091.0 million by 2023, expanding at a CAGR of 8.6% during the forecast period of 2016–2023.

 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 to 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 and Buyers
  • Product Suppliers and Buyers
  • Research Institutes

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

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

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

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

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

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

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

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)

Frequently Asked Questions:

What is the size of Specialty Milk Formula Market ?

The market for Specialty Milk Formula Market is expected to reach US$ 1,731.8 Mn in 2023.

What is the Specialty Milk Formula Market CAGR?

The Specialty Milk Formula Market is expected to see significant CAGR growth over the coming years, at 8.6%.

What is the Forecast period considered for Specialty Milk Formula Market ?

The report is forecasted from 2016-2023.

What is the base year considered for Specialty Milk Formula Market ?

The base year of this report is 2015.

Who are the major players in this market?

Nestle S.A.,Groupe Danone,Abbott Nutrition,Mead Johnson Nutrition.,The Kraft Heinz Company are some of the major players in the global market.

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