Market Overview:
The global infant milk formula market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about infant milk formulas, increasing disposable income, and growing urbanization. The global infant milk formula market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into starting milk formula, follow-on milk formula, and toddlers milk formula. On the basis of application, the market is segmented into specialty store, supermarkets/hypermarkets/mass merchandisers (including club stores), online retail (including e-commerce), chemist/pharmacies/drugstores (CPDs), and others (includes foodservice outlets). The North America region dominates this market followed by Europe due to high disposable income in these regions coupled with rising awareness about infant nutrition among parents.
Product Definition:
A type of formula that is used to feed infants. It is a blend of proteins, carbohydrates, fats, minerals, and vitamins that are designed to meet the nutritional needs of newborns. Infant milk formulas are important because they provide infants with the nutrients they need to grow and develop properly.
Starting Milk formula:
The starting milk formula is used to initiate the process of digestion in infants. It contains all the ingredients necessary for proper functioning of an infant's digestive system such as carbohydrates, fats, proteins and vitamins. The main function of this product is to provide a basis for the formulation of infant formulas which are further used by babies suffering from malabsorption disorders or chronic pancreatic insufficiency or galactosemia.
Follow-on Milk Formula:
Follow-on milk formula is a substitute for cow's milk in infants. It is specifically formulated to meet the nutritional requirements of preterm and full-term babies, who cannot be breastfed. The main ingredients present in follow-on milk formula are amino acids, minerals (such as iron and zinc), vitamins (such as vitamin A & D), oligosaccharides, soy protein isolates or hydrolyzed vegetable protein among others.
Application Insights:
The specialty stores segment held the largest share of over 60.0% in 2017. The specialty stores offer a wide range of infant nutrition products, including infant formula, specialized milk and milk-based drinks, and baby food. These products are sold directly to the consumers through their local store networks or online via their websites.
Specialty stores have been witnessing significant growth due to increasing awareness among new parents regarding the availability of various feeding options for infants and changing dietary preferences among growing children. Moreover, rising consumer preference for packaged foods as an alternative to home-cooked meals is expected to boost product demand over the forecast period from 2018 to 2030 in this segment with particular focus on follow-on milk formulas at a later stage during 2019 and 2020 when compared with other infant nutrition products such as Specialized Milk & Milk Based Drinks (SMBD).
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for infant formula from U.S. and Canada on account of higher birth rate and female workforce participation rate. In addition, easy availability of a wide range of products is expected to drive the regional market further. Asia Pacific is expected to witness significant growth over the forecast period due to increasing disposable income levels, rising awareness about infant nutrition among mothers, and expansion of retail networks by key players in this region.
Growth Factors:
- Increasing awareness about the benefits of infant milk formula among parents and caregivers.
- Rising disposable income of middle-class families in developing countries.
- Growing demand for organic and premium infant milk formulas.
- Proliferation of online retail channels for selling infant milk formulas worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Infant Milk Formula Market Research Report
By Type
Starting Milk formula, Follow-on Milk Formula, Toddlers Milk Formula
By Application
Specialty Store, Supermarkets, Online Retail, Chemist/Pharmacies/Drugstore, Others
By Companies
Behdashtkar, Nutridar Company Plc, Ausnutria Hyproca B.V., Saudi Centre Group, Abbott Laboratories, RIRI Baby Food Co, Groupe Danone, Aspen Pharmacare Holdings Limited., Almarai, Lacto Misr, Nestlé S.A.
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Infant Milk Formula Market Report Segments:
The global Infant Milk Formula market is segmented on the basis of:
Types
Starting Milk formula, Follow-on Milk Formula, Toddlers Milk Formula
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
Specialty Store, Supermarkets, Online Retail, Chemist/Pharmacies/Drugstore, Others
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:
- Behdashtkar
- Nutridar Company Plc
- Ausnutria Hyproca B.V.
- Saudi Centre Group
- Abbott Laboratories
- RIRI Baby Food Co
- Groupe Danone
- Aspen Pharmacare Holdings Limited.
- Almarai
- Lacto Misr
- Nestlé S.A.
Highlights of The Infant Milk 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:
- Starting Milk formula
- Follow-on Milk Formula
- Toddlers Milk Formula
- By Application:
- Specialty Store
- Supermarkets
- Online Retail
- Chemist/Pharmacies/Drugstore
- Others
- 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 Milk 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.
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- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- 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 milk formula is a type of baby food that is made from cow's milk and other ingredients. It is usually given to babies between the ages of six and twelve months old.
Some of the major companies in the infant milk formula market are Behdashtkar, Nutridar Company Plc, Ausnutria Hyproca B.V., Saudi Centre Group, Abbott Laboratories, RIRI Baby Food Co, Groupe Danone, Aspen Pharmacare Holdings Limited., Almarai, Lacto Misr, NestlƒÂ© S.A..
The infant milk formula market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Infant Milk Formula 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 Milk Formula Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Infant Milk Formula Market - Supply Chain
4.5. Global Infant Milk Formula Market Forecast
4.5.1. Infant Milk Formula Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Infant Milk Formula Market Size (000 Units) and Y-o-Y Growth
4.5.3. Infant Milk Formula Market Absolute $ Opportunity
5. Global Infant Milk Formula 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 Milk Formula Market Size and Volume Forecast by Type
5.3.1. Starting Milk formula
5.3.2. Follow-on Milk Formula
5.3.3. Toddlers Milk Formula
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Infant Milk Formula 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 Milk Formula Market Size and Volume Forecast by Application
6.3.1. Specialty Store
6.3.2. Supermarkets
6.3.3. Online Retail
6.3.4. Chemist/Pharmacies/Drugstore
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Infant Milk Formula 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 Milk Formula 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 Milk Formula 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 Milk Formula 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 Milk Formula Demand Share Forecast, 2019-2026
9. North America Infant Milk Formula 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 Milk Formula 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 Milk Formula Market Size and Volume Forecast by Application
9.4.1. Specialty Store
9.4.2. Supermarkets
9.4.3. Online Retail
9.4.4. Chemist/Pharmacies/Drugstore
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Infant Milk Formula Market Size and Volume Forecast by Type
9.7.1. Starting Milk formula
9.7.2. Follow-on Milk Formula
9.7.3. Toddlers Milk Formula
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 Milk Formula Demand Share Forecast, 2019-2026
10. Latin America Infant Milk Formula 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 Milk Formula 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 Milk Formula Market Size and Volume Forecast by Application
10.4.1. Specialty Store
10.4.2. Supermarkets
10.4.3. Online Retail
10.4.4. Chemist/Pharmacies/Drugstore
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Infant Milk Formula Market Size and Volume Forecast by Type
10.7.1. Starting Milk formula
10.7.2. Follow-on Milk Formula
10.7.3. Toddlers Milk Formula
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 Milk Formula Demand Share Forecast, 2019-2026
11. Europe Infant Milk Formula 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 Milk Formula 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 Milk Formula Market Size and Volume Forecast by Application
11.4.1. Specialty Store
11.4.2. Supermarkets
11.4.3. Online Retail
11.4.4. Chemist/Pharmacies/Drugstore
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Infant Milk Formula Market Size and Volume Forecast by Type
11.7.1. Starting Milk formula
11.7.2. Follow-on Milk Formula
11.7.3. Toddlers Milk Formula
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 Milk Formula Demand Share, 2019-2026
12. Asia Pacific Infant Milk Formula 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 Milk Formula 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 Milk Formula Market Size and Volume Forecast by Application
12.4.1. Specialty Store
12.4.2. Supermarkets
12.4.3. Online Retail
12.4.4. Chemist/Pharmacies/Drugstore
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Infant Milk Formula Market Size and Volume Forecast by Type
12.7.1. Starting Milk formula
12.7.2. Follow-on Milk Formula
12.7.3. Toddlers Milk Formula
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 Milk Formula Demand Share, 2019-2026
13. Middle East & Africa Infant Milk Formula 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 Milk Formula 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 Milk Formula Market Size and Volume Forecast by Application
13.4.1. Specialty Store
13.4.2. Supermarkets
13.4.3. Online Retail
13.4.4. Chemist/Pharmacies/Drugstore
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Infant Milk Formula Market Size and Volume Forecast by Type
13.7.1. Starting Milk formula
13.7.2. Follow-on Milk Formula
13.7.3. Toddlers Milk Formula
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 Milk Formula Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Infant Milk Formula Market: Market Share Analysis
14.2. Infant Milk Formula Distributors and Customers
14.3. Infant Milk Formula Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Behdashtkar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nutridar Company Plc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ausnutria Hyproca B.V.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Saudi Centre Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Abbott Laboratories
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. RIRI Baby Food Co
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Groupe Danone
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aspen Pharmacare Holdings Limited.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Almarai
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lacto Misr
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nestlé S.A.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook