Market Overview:
The global infant formula milk powder market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about infant nutrition, increasing disposable income, and growing urbanization. In terms of type, the whole milk powder segment is expected to dominate the market during the forecast period. This can be attributed to its high nutritional value and health benefits for infants. In terms of application, the 0-6 months baby segment is expected to dominate the market during the forecast period owing to increased awareness about early childhood nutrition among parents across regions.
Product Definition:
Infant Formula Milk Powder is a synthetic food product designed to be a complete and balanced diet for infants under the age of one. It is made from cow's milk, soybeans, minerals, and vitamins.
Whole Milk Powder:
Whole milk powder is a by-product obtained during the process of separating cream from whole milk. It has high nutritional value and can be used as an alternative to infant formula milk. The product contains all the essential ingredients required for proper growth of an infant, along with several other nutrients that promote optimum health in infants.
The product also aids in improving lactation, reduces engorgement time.
Skimmed Milk Powder:
Skimmed milk powder is a by-product obtained during the processing of regular milk. It has several benefits such as it's easy to store, less expensive and also have longer shelf life than regular powdered milk. These products are used in infant formulas for babies who can not drink cow's milk or who want to reduce their intake of dairy products.
The global skimmed milk powder market size was valued at USD 1,386 million in 2015.
Application Insights:
0-6 months baby application segment held the largest market share in 2017. This is due to the increasing number of 0-6 month old babies around the world. The demand for infant formula milk powder is expected to increase as a result of various benefits it offers such as easy digestion, better nutrition absorption and protection against infections. Infant formula milk powder can be easily digested by infants and provides better nutrition absorption than mother's milk. Thus, increasing number of 0-6 month olds around the world is expected to drive demand for infant formula milk powder over forecast period.
The 6-12 months baby application segment held a significant share in 2017 owing to increased awareness about iron deficiency among infants globally and rising preference towards iron fortified products especially in developing countries like India, China etc., Infant formulas are also preferred over normal cow's milk due to its higher nutritional value which helps protect against infections & diseases caused by bacteria, fungi or viruses according with World Health Organization (WHO).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to high demand for infant formula milk powder from U.S., Canada, and Mexico on account of higher birth rate coupled with easy availability of baby food products in these countries as compared to other developing nations across the globe.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast years due to increasing awareness about infant nutrition among mothers and changing lifestyles resulting into an increase in population especially in China and India which will drive demand for various baby food products including infant formula milk powder over next eight years or so till 2030 AD (as per Gregorian calendar).
Growth Factors:
- Increasing awareness about the benefits of infant formula milk powder among parents.
- Rising disposable income of parents, which enables them to afford infant formula milk powder products.
- Growing number of working mothers, who prefer using infant formula milk powder as it is easy to prepare and store.
- Increasing trend of nuclear families, which has led to a rise in demand for convenient baby food products such as infant formula milk powder.
Scope Of The Report
Report Attributes
Report Details
Report Title
Infant Formula Milk Powder Market Research Report
By Type
Whole Milk Powder, Skimmed Milk Powder
By Application
0-6 Months Baby, 6-12 Months Baby, 12-36 Months Baby, Adults
By Companies
Mead Johnson, Nestle, Danone, Abbott, FrieslandCampina, Heinz, Bellamy, Topfer , HiPP, Perrigo, Arla, Holle, Fonterra, Westland Dairy, Pinnacle, Meiji, Yili, Biostime, Yashili, Feihe, Brightdairy, Beingmate, Wonderson, Synutra, Wissun
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Infant Formula Milk Powder Market Report Segments:
The global Infant Formula Milk Powder market is segmented on the basis of:
Types
Whole Milk Powder, Skimmed Milk Powder
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
0-6 Months Baby, 6-12 Months Baby, 12-36 Months Baby, Adults
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
- Nestle
- Danone
- Abbott
- FrieslandCampina
- Heinz
- Bellamy
- Topfer
- HiPP
- Perrigo
- Arla
- Holle
- Fonterra
- Westland Dairy
- Pinnacle
- Meiji
- Yili
- Biostime
- Yashili
- Feihe
- Brightdairy
- Beingmate
- Wonderson
- Synutra
- Wissun
Highlights of The Infant Formula Milk Powder 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:
- Whole Milk Powder
- Skimmed Milk Powder
- By Application:
- 0-6 Months Baby
- 6-12 Months Baby
- 12-36 Months Baby
- Adults
- 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 Infant Formula Milk Powder 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:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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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?
Infant Formula Milk Powder is a powdered milk that is used to provide nutrition for infants. It is made from cow's milk and has a consistency similar to breast milk.
Some of the major companies in the infant formula milk powder market are Mead Johnson, Nestle, Danone, Abbott, FrieslandCampina, Heinz, Bellamy, Topfer , HiPP, Perrigo, Arla, Holle, Fonterra, Westland Dairy, Pinnacle, Meiji, Yili, Biostime, Yashili, Feihe, Brightdairy, Beingmate, Wonderson, Synutra, Wissun.
The infant formula milk powder market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Infant Formula Milk Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Infant Formula Milk Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Infant Formula Milk Powder Market - Supply Chain
4.5. Global Infant Formula Milk Powder Market Forecast
4.5.1. Infant Formula Milk Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Infant Formula Milk Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Infant Formula Milk Powder Market Absolute $ Opportunity
5. Global Infant Formula Milk Powder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Infant Formula Milk Powder Market Size and Volume Forecast by Type
5.3.1. Whole Milk Powder
5.3.2. Skimmed Milk Powder
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Infant Formula Milk Powder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Infant Formula Milk Powder Market Size and Volume Forecast by Application
6.3.1. 0-6 Months Baby
6.3.2. 6-12 Months Baby
6.3.3. 12-36 Months Baby
6.3.4. Adults
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Infant Formula Milk Powder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Infant Formula Milk Powder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Infant Formula Milk Powder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Infant Formula Milk Powder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Infant Formula Milk Powder Demand Share Forecast, 2019-2029
9. North America Infant Formula Milk Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Infant Formula Milk Powder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Infant Formula Milk Powder Market Size and Volume Forecast by Application
9.4.1. 0-6 Months Baby
9.4.2. 6-12 Months Baby
9.4.3. 12-36 Months Baby
9.4.4. Adults
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Infant Formula Milk Powder Market Size and Volume Forecast by Type
9.7.1. Whole Milk Powder
9.7.2. Skimmed Milk Powder
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Infant Formula Milk Powder Demand Share Forecast, 2019-2029
10. Latin America Infant Formula Milk Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Infant Formula Milk Powder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Infant Formula Milk Powder Market Size and Volume Forecast by Application
10.4.1. 0-6 Months Baby
10.4.2. 6-12 Months Baby
10.4.3. 12-36 Months Baby
10.4.4. Adults
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Infant Formula Milk Powder Market Size and Volume Forecast by Type
10.7.1. Whole Milk Powder
10.7.2. Skimmed Milk Powder
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Infant Formula Milk Powder Demand Share Forecast, 2019-2029
11. Europe Infant Formula Milk Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Infant Formula Milk Powder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Infant Formula Milk Powder Market Size and Volume Forecast by Application
11.4.1. 0-6 Months Baby
11.4.2. 6-12 Months Baby
11.4.3. 12-36 Months Baby
11.4.4. Adults
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Infant Formula Milk Powder Market Size and Volume Forecast by Type
11.7.1. Whole Milk Powder
11.7.2. Skimmed Milk Powder
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Infant Formula Milk Powder Demand Share, 2019-2029
12. Asia Pacific Infant Formula Milk Powder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Infant Formula Milk Powder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Infant Formula Milk Powder Market Size and Volume Forecast by Application
12.4.1. 0-6 Months Baby
12.4.2. 6-12 Months Baby
12.4.3. 12-36 Months Baby
12.4.4. Adults
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Infant Formula Milk Powder Market Size and Volume Forecast by Type
12.7.1. Whole Milk Powder
12.7.2. Skimmed Milk Powder
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Infant Formula Milk Powder Demand Share, 2019-2029
13. Middle East & Africa Infant Formula Milk Powder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Infant Formula Milk Powder Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Infant Formula Milk Powder Market Size and Volume Forecast by Application
13.4.1. 0-6 Months Baby
13.4.2. 6-12 Months Baby
13.4.3. 12-36 Months Baby
13.4.4. Adults
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Infant Formula Milk Powder Market Size and Volume Forecast by Type
13.7.1. Whole Milk Powder
13.7.2. Skimmed Milk Powder
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Infant Formula Milk Powder Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Infant Formula Milk Powder Market: Market Share Analysis
14.2. Infant Formula Milk Powder Distributors and Customers
14.3. Infant Formula Milk Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mead Johnson
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nestle
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Danone
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Abbott
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FrieslandCampina
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Heinz
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bellamy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Topfer
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HiPP
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Perrigo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Arla
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Holle
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fonterra
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Westland Dairy
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Pinnacle
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Meiji
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yili
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Biostime
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Yashili
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Feihe
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
