Infant formula, or baby formula, is a manufactured food designed and marketed for feeding to babies and infants under 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder (mixed with water) or liquid (with or without additional water). The U.S. Federal Food, Drug, and Cosmetic Act (FFDCA) defines infant formula as "a food which purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk".
Scope of the Report:This report focuses on the Baby Infant Formula in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Infant formula consists of various nutrients, such as carbohydrates, fats, proteins, vitamins, minerals, and others (linoleic acid, prebiotic, and others), that are fed to babies for their overall development. Although physicians recommend exclusive breastfeeding for under six months babies, infant formula can be used as an alternative, as it consists of similar nutrient contents. Increase in women working population outside home is the key factor that drives the market. Moreover, change in lifestyle, rise in middle class population, growth in disposable income in emerging economies such as India, China, Indonesia, and increase in awareness about high nutritional content in the infant formula propels the market growth. However, concerns related to food safety and decline in global birth rate may hamper this growth.
The worldwide market for Baby Infant Formula is expected to grow at a CAGR of roughly 10.5% over the next five years, will reach 39000 million US$ in 2023, from 21400 million US$ in 2017, according to a new study.
Market Segment by Manufacturers, this report covers Abbott Laboratories
Arla Foods
Beingmate Group Co. Ltd.
Campbell Soup Company
D. SIGNSTORE
Danone
Heinz and Hain Celestial Group
HiPP GmbH & Co.
Mead Johnson Nutrition Company, LLC
Nestle S.A
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Infant Milk
Follow-on-Milk
Specialty Baby Milk
Growing-up Milk
Market Segment by Applications, can be divided into Hypermarkets
Supermarkets
Pharmacy/Medical Stores
Specialty Stores
Hard Discounter Stores
Others
There are 15 Chapters to deeply display the global Baby Infant Formula market.
Chapter 1, to describe Baby Infant Formula Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Baby Infant Formula, with sales, revenue, and price of Baby Infant Formula, in 2018 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Baby Infant Formula, for each region, from 2015 to 2020;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2015 to 2020;
Chapter 12, Baby Infant Formula market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026;
Chapter 13, 14 and 15, to describe Baby Infant Formula sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
