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

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.

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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Published Date:  Sep 2016
Category:  Food & Beverage
Report ID:   58080
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
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