Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Infant Milk Formula Market by Type (Starting Milk formula, Follow-on Milk Formula, Toddlers Milk Formula), By Application (Specialty Store, Supermarkets, Online Retail, Chemist/Pharmacies/Drugstore, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Infant Milk Formula Market by Type (Starting Milk formula, Follow-on Milk Formula, Toddlers Milk Formula), By Application (Specialty Store, Supermarkets, Online Retail, Chemist/Pharmacies/Drugstore, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 154507 3300 Food & Beverages 377 245 Pages 4.5 (44)
                                          

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.


Global Infant Milk Formula Industry Outlook


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:

  1. Behdashtkar
  2. Nutridar Company Plc
  3. Ausnutria Hyproca B.V.
  4. Saudi Centre Group
  5. Abbott Laboratories
  6. RIRI Baby Food Co
  7. Groupe Danone
  8. Aspen Pharmacare Holdings Limited.
  9. Almarai
  10. Lacto Misr
  11. Nestlé S.A.

Global Infant Milk Formula Market Overview


Highlights of The Infant Milk Formula Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Starting Milk formula
    2. Follow-on Milk Formula
    3. Toddlers Milk Formula
  1. By Application:

    1. Specialty Store
    2. Supermarkets
    3. Online Retail
    4. Chemist/Pharmacies/Drugstore
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Infant Milk Formula Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

Our Trusted Clients

Contact Us