Market Overview:
The global iron-fortified infant formula market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing awareness about the benefits of iron-fortified infant formulas among parents, and rising incidences of anemia in infants and children. Based on type, the global iron-fortified infant formula market is segmented into wet process type and dry process type. The wet process type segment is expected to account for a larger share of the market during the forecast period, owing to its advantages such as improved digestibility and absorption as compared to dry process types. Based on application, the global iron-fortified infant formula market is segmented into store-based retailing and online retailing.
Product Definition:
Iron-Fortified Infant Formula is a type of formula that is specifically designed for infants who are not being breastfed. It contains extra iron, which helps to ensure that the infant gets enough of this nutrient. Iron-Fortified Infant Formula is important because infants who do not get enough iron can develop anemia, which can cause health problems.
Wet Process Type:
The wet process type is the most widely used method for fortification of infant formula with iron. It involves two steps, namely, absorption and adsorption. In the first step, ferric hydroxide or iron oxide is added to the base material which is then distributed evenly in a fine powder form throughout the feed product.
Dry Process Type:
Dry process type is a method of processing where the ingredients are not dissolved in water before being added to the formulation. This method reduces or eliminates the use of preservatives and increases efficiency by avoiding additional processing time, energy, and cost. The dry process allows for higher quality control as there is no risk of contamination from bacteria present in water due to less usage of ingredients that would eventually get contaminated during wet processes such as milk-based feedstock.
Application Insights:
The store-based retailing segment dominated the global iron-fortified infant formula market in 2017, accounting for a share of over 60.0% in terms of revenue. The growth can be attributed to the easy availability of products through brick and mortar stores as well as online retailers globally. Store-based retailing is considered more convenient than other modes as consumers do not have to travel or leave their houses to purchase baby foods, which is likely to propel the demand over the forecast period.
Online retailing was estimated at USD 281 million in 2017.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to high disposable income, advanced consumer lifestyle, and increasing demand for iron-fortified infant formula from working parents. Europe also held a significant share of global revenue in 2017 owing to growing awareness about fortified milk products among European consumers especially in countries like U.K.
Asia Pacific is expected witness substantial growth over the forecast period owing to rising disposable income levels especially among middle class population groups that have been driving urbanization trends across various emerging economies including China and India thus creating lucrative opportunities for industry players over the next eight years The Middle East & Africa (MEA) region has potential growth opportunities as it represents one of the fastest developing regions globally with respect both economically.
Growth Factors:
- Increasing awareness about the benefits of iron-fortified infant formula: There is a growing awareness among parents about the importance of providing their infants with an iron-fortified diet, which is likely to drive demand for iron-fortified infant formulas in the coming years.
- Rising prevalence of anemia in infants: Anemia is a common problem among infants, and it can be effectively treated by consuming an iron-rich diet. This is likely to boost demand for Iron-Fortified Infant Formula products in the near future.
- Growing number of working mothers: A large number of women are now working outside the home, which has led to a rise in demand for convenient and nutritious baby food products such as Iron-Fortified Infant Formula.
- Increasing trend towards breastfeeding: Despite rising availability and popularity of Iron-Fortified Infant Formula products, many parents still prefer to breastfeed their children due to its numerous health benefits. This provides a major opportunity for manufacturers operating in this market space . 5) Technological advancements leading to better quality and more fortified formulas: With technological advancements taking place at a rapid pace, manufacturers are able to produce better quality Iron Fortified Infant Formulas that meet all nutritional requirements
Scope Of The Report
Report Attributes
Report Details
Report Title
Iron-Fortified Infant Formula Market Research Report
By Type
Wet Process Type, Dry Process Type
By Application
Store-based Retailing, Online Retailing
By Companies
Mead Johnson Nutrition, Nestle S.A., The Kraft Heinz Company, Pfizer Inc., Abbott Nutrition Manufacturing Inc., Groupe Danone, Synutra International, Inc., Meiji Holdings Co. Ltd., FrieslandCampina, Beingmate Baby & Child Food Co. Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Iron-Fortified Infant Formula Market Report Segments:
The global Iron-Fortified Infant Formula market is segmented on the basis of:
Types
Wet Process Type, Dry Process Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Store-based Retailing, Online Retailing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mead Johnson Nutrition
- Nestle S.A.
- The Kraft Heinz Company
- Pfizer Inc.
- Abbott Nutrition Manufacturing Inc.
- Groupe Danone
- Synutra International, Inc.
- Meiji Holdings Co. Ltd.
- FrieslandCampina
- Beingmate Baby & Child Food Co. Ltd.
Highlights of The Iron-Fortified Infant Formula Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wet Process Type
- Dry Process Type
- By Application:
- Store-based Retailing
- Online Retailing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Iron-Fortified Infant Formula Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Iron-fortified infant formula is a type of baby food that contains more iron than regular infant formula. Iron is important for babies because it helps them to develop muscles and red blood cells.
Some of the major companies in the iron-fortified infant formula market are Mead Johnson Nutrition, Nestle S.A., The Kraft Heinz Company, Pfizer Inc., Abbott Nutrition Manufacturing Inc., Groupe Danone, Synutra International, Inc., Meiji Holdings Co. Ltd., FrieslandCampina, Beingmate Baby & Child Food Co. Ltd..
The iron-fortified infant formula market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Iron-Fortified Infant Formula Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Iron-Fortified Infant Formula Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Iron-Fortified Infant Formula Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Iron-Fortified Infant Formula Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Iron-Fortified Infant Formula Market Size & Forecast, 2018-2028
4.5.1 Iron-Fortified Infant Formula Market Size and Y-o-Y Growth
4.5.2 Iron-Fortified Infant Formula Market Absolute $ Opportunity
Chapter 5 Global Iron-Fortified Infant Formula Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Iron-Fortified Infant Formula Market Size Forecast by Type
5.2.1 Wet Process Type
5.2.2 Dry Process Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Iron-Fortified Infant Formula Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Iron-Fortified Infant Formula Market Size Forecast by Applications
6.2.1 Store-based Retailing
6.2.2 Online Retailing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Iron-Fortified Infant Formula Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Iron-Fortified Infant Formula Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Iron-Fortified Infant Formula Analysis and Forecast
9.1 Introduction
9.2 North America Iron-Fortified Infant Formula Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Iron-Fortified Infant Formula Market Size Forecast by Type
9.6.1 Wet Process Type
9.6.2 Dry Process Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Iron-Fortified Infant Formula Market Size Forecast by Applications
9.10.1 Store-based Retailing
9.10.2 Online Retailing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Iron-Fortified Infant Formula Analysis and Forecast
10.1 Introduction
10.2 Europe Iron-Fortified Infant Formula Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Iron-Fortified Infant Formula Market Size Forecast by Type
10.6.1 Wet Process Type
10.6.2 Dry Process Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Iron-Fortified Infant Formula Market Size Forecast by Applications
10.10.1 Store-based Retailing
10.10.2 Online Retailing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Iron-Fortified Infant Formula Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Iron-Fortified Infant Formula Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Iron-Fortified Infant Formula Market Size Forecast by Type
11.6.1 Wet Process Type
11.6.2 Dry Process Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Iron-Fortified Infant Formula Market Size Forecast by Applications
11.10.1 Store-based Retailing
11.10.2 Online Retailing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Iron-Fortified Infant Formula Analysis and Forecast
12.1 Introduction
12.2 Latin America Iron-Fortified Infant Formula Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Iron-Fortified Infant Formula Market Size Forecast by Type
12.6.1 Wet Process Type
12.6.2 Dry Process Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Iron-Fortified Infant Formula Market Size Forecast by Applications
12.10.1 Store-based Retailing
12.10.2 Online Retailing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Iron-Fortified Infant Formula Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Iron-Fortified Infant Formula Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Iron-Fortified Infant Formula Market Size Forecast by Type
13.6.1 Wet Process Type
13.6.2 Dry Process Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Iron-Fortified Infant Formula Market Size Forecast by Applications
13.10.1 Store-based Retailing
13.10.2 Online Retailing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Iron-Fortified Infant Formula Market: Competitive Dashboard
14.2 Global Iron-Fortified Infant Formula Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mead Johnson Nutrition
14.3.2 Nestle S.A.
14.3.3 The Kraft Heinz Company
14.3.4 Pfizer Inc.
14.3.5 Abbott Nutrition Manufacturing Inc.
14.3.6 Groupe Danone
14.3.7 Synutra International, Inc.
14.3.8 Meiji Holdings Co. Ltd.
14.3.9 FrieslandCampina
14.3.10 Beingmate Baby & Child Food Co. Ltd.
