Infant formula milk Market 2019 In-depth Analysis by Leading Players

The global Infant formula milk market was valued at USD XX billion in 2018 and is expected to reach USD XX billion in 2026, growing at a CAGR of 9.0% during the forecast period.

Infant formula milk can be used as an alternative to breastfeeding as it contains similar nutrition as breast milk. Infant formula milk contains multiple nutrients, such as carbohydrates, fats, proteins, vitamins, minerals, and other nutrients (linoleic acid, prebiotics, and others), which are essential for the general growth of the infants. It is prepared from milk, by vaporizing the liquid content from it. Formula milk powder is generally used for cup feeding and bottle feeding to infants.

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Considering the current market situation, there is an increase in disposable incomes of individual consumers as parents are observed to spend more on their children rather than in the past years due to several social factors. There has been a remarkable increase in the number of young working mothers over the past few years. This has been the main factor in boosting the growth of the infant food market, as these working mothers depend a lot on processed infant nutrition products. Also, the mothers, who are not able to form breast milk due to several medical reasons, prefer to use formula milk powder as it provides the maximum benefit to their babies. Global demand is rising due to the factor of rising awareness for healthier food among parents. Moreover, factors such as middle-class growth, rapid urbanization, and rising rates of female labour force participation in many developing markets have encouraged to the convenience-oriented lifestyles, further making prepared baby foods and formula more desirable. In developing countries, the need for infant nutrition products is growing with the growing number of the middle-class population.

However, in the global market, strict regulation for healthy food and increased awareness for substitute products like natural infant feeding are expected to hamper the growth of the market during the forecast period. 

Key Findings:

• Based on form, the powder segment is expected grow at the fastest rate during the forecast period.
• Based on product type, the specialty formula is expected to grow at the fastest rate during the forecast period.
• Based on variety, the first infant formula is expected to grow at the fastest rate during the forecast period.
• Based on distribution channel, online store segment is expected to lead during the forecast period.
• Based on application, the first stage (0-6 months) is expected to lead during the forecast period.
• Asia-Pacific to dominate the infant formula milk powder market throughout the forecast period.

Recent News:

• In Jan 2019, Nestle has opened their R&D centre in Limerick, Ireland, with an investment of EUR 27 million which will focus on research to support innovation of infant nutrition products for the global market.

• In August, 2019, Nutricia a Danone own brand has launched a new sheep’s milk infant formula named karicare toddler sheep milk for 12 months and above infants in Australia