Infant formula milk contains multiple nutrients, such as carbohydrates, fats, proteins, vitamins, minerals, and other nutrients (linoleic acid, prebiotics, and others), which are fed to infants for their general growth. Infant formula milk can be used as an alternative to breastfeeding as it contains similar nutrition as breast milk.
The main factor driving the market is increasing in the number of young working women. Also, changing lifestyles, increasing middle-class population, increasing disposable income in emerging economies like India, China, Indonesia, and increasing awareness of high nutrient content in the infant formula propels market growth. The global infant formula milk market is segmented into type, ingredient, distribution channel, and region.
Infant Formula Milk Market Segmentation |
|
| By Form | 1. Powder |
| 2. Liquid concentrate | |
| 3. Ready-to-feed forms | |
| By Product Type | 1. Cow milk formula |
| 2. Soy protein-based formulas | |
| 3. Protein hydrolysate formulas | |
| 4. Specialized formulas | |
| By Variety | 1. First infant formula |
| 2. Follow-on formula | |
| 3. Growing-up formula | |
| 4. Specialty formula | |
| By Distribution Channel | 1. Offline store |
| Supermarkets | |
| Specialty store | |
| Medical stores | |
| others | |
| 1. Online store | |
| By Application | 1. First stage (0-6 months) |
| 2. Second stage (6-12 months) | |
| 3. Third stage (12-24 months) | |
| By Region | 1. Asia Pacific (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
Based on form, the powder segment is expected to show significant growth rate during the forecast period
Based on the form, the infant formula milk market has been segmented into powder, liquid concentrate, and ready-to-feed forms. The powder segment is expected to show significant growth rate throughout the forecast period. Powder formula is applicable at each stage of infant growth and development form the first stage (0-6 months) to the second stage (6-12 months) to the third stage (12-24 months). These environment-friendly baby formulae take less amount of storage space and is easy to prepare. The rising demand for the less expensive formula is expected drive the demand for powdered formula during the forecast period.
Based on product type, the specialty formula is expected to grow at fastest rate during the forecast period
Based on the product type, the infant formula milk market has been segmented into cow milk formula, soy protein-based formulas, protein hydrolysate formulas, and specialized formulas. The specialized formulas are expected to grow at the fastest rate in the global infant formula milk market throughout the forecast period. The majority of specialized infant milks marketed for infants aged 0-6 months. These specialized formulae are available in the form of comfort milk, lactose-free, and anti-reflux milk. The rising demand for the specialized formula among vegetarians, vegans and those consumers who are using halal products for feeding their babies is expected to drive the demand for specialty formula 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 the variety, the infant formula milk market has been segmented into the first infant formula, follow-on formula, growing-up formula, and specialty formula. The first infant formula is expected to grow the fastest rate during the forecast period. First infant formula is the first formula given to baby which contains two types of protein i.e. whey and casein and is easier to digest than any other type of formula. The increasing use of first infant formula among the 0-6 month’s infant babies is anticipated to fuel the demand for first infant formula during the forecast period.
Based on the distribution channel, online store segment is expected to lead during the forecast period
Based on the distribution channel, the infant formula milk market has been segmented into offline store and online store. The offline store is further segmented into supermarkets, medical stores, specialty stores, and others. The online store's segment is expected to grow the fastest rate during the forecast period. Consumers are currently using these retail channels for the home delivery of the products and ease in purchasing remotely over any area. Moreover, the market is shifting toward online platforms to gain various advantages such as global access to the products, cost savings, wide product assortment, discounts, etc. which is expected to drive the demand for online store during the forecast period.
Based on application, the first stage (0-6 months) segment is expected to lead during the forecast period
Based on the application, the infant formula milk market has been segmented into the first stage (0-6 months), the second stage (6-12 months), and the third stage (12-24 months). The first Stage formula segment is expected to accounts for the largest market. The first infant formula is used to feed babies at the early stage. Moreover, the increasing use of the whey dominant formula as an alternative to breastfeeding is expected to fuel the demand for the first infant formula during the forecast period.
Asia-Pacific to dominate the infant formula milk market throughout the forecast period
Asia-Pacific is anticipated to be the world's largest income contributor due to the existence of a big population between 0 to 4 years. Additionally, the increase in the number of young working ladies, enhanced disposable income, busy lifestyle, and high living standards in nations like China, India, Indonesia, the Philippines, and South Korea are boosting market growth for baby infant formula market. In terms of revenue and volume, China is expected to dominate the market, accounting for more than two-thirds of the Asia-Pacific share. Due to the high birth rate and high disposable income of consumers, the Asia-Pacific region is anticipated to grow with the fastest growth rate in the future.
Company Profiles and Competitive Intelligence:
The major players operating in this market are Nestle (Gerber Products Company), Danone S.A., Reckitt Benckiser (Mead Johnson & Company, LLC), Abbott Laboratories, Danone S.A., GlaxoSmithKline Consumer Healthcare Ltd, Bubs Australia, HiPP GmbH & Co. Vertrieb KG, Bellamy's Organic, Raptakos Brett & Company Limited, British Life Sciences Pvt. Ltd., Cow and Gate, Vedagiri Herbals and amongst others.
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Table of Contents
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Infant Formula Milk Market, 2016-2026, (USD Bn) (Tons)
1.2. Market Snapshot: Global Infant Formula Milk Market
1.3. Market Dynamics
1.4. Global Infant Formula Milk Market, by Segment, 2018
1.4.1. Global Infant Formula Milk Market, by Form, 2018, (USD Bn) (Tons)
1.4.2. Global Infant Formula Milk Market, by Product Type, 2018, (USD Bn) (Tons)
1.4.3. Global Infant Formula Milk Market, by Variety, 2018, (USD Bn) (Tons)
1.4.4. Global Infant Formula Milk Market, by Distribution Channel, 2018, (USD Bn) (Tons)
1.4.5. Global Infant Formula Milk Market, by Application, 2018, (USD Bn) (Tons)
1.4.6. Global Infant Formula Milk Market, by Region, 2018 (USD Bn) (Tons)
1.5. Premium Insights
1.5.1. Infant Formula Milk Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Infant Formula Milk Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Change in preference towards comfortable feeding
2.2.2. Increase in development for the better nutrition capacity in infant formula milk powder
2.3. Market Restraints
2.3.1. Increased awareness of natural infant feeding
2.3.2. High price of products
2.4. Market Opportunities
2.4.1. Preferred growth for organic baby food & beverages
2.4.2. Technological developments lead to the innovation of new products
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Infant Formula Milk Market, by Form
3.1. Market Overview, by Form
3.1.1. Global Infant Formula Milk Market, by Form, 2016-2026 (USD Bn) (Tons)
3.1.2. Incremental Opportunity, by Form, 2018
3.2. Powder
3.2.1. Global Infant Formula Milk Market, by Powder, 2016-2026, (USD Bn) (Tons)
3.3. Liquid concentrate
3.3.1. Global Infant Formula Milk Market, by Liquid concentrate, 2016-2026, (USD Bn) (Tons)
3.4. Ready-to-feed forms
3.4.1. Global Infant Formula Milk Market, by Ready-to-feed forms, 2016-2026, (USD Bn) (Tons)
Chapter 4 Global Infant Formula Milk Market, by Product Type
4.1. Market Overview, by Product Type
4.1.1. Global Infant Formula Milk Market, by Product Type, 2016-2026 (USD Bn) (Tons)
4.1.2. Incremental Opportunity, by Product Type, 2018
4.2. Cow's milk formula
4.2.1. Global Infant Formula Milk Market, by Cow's milk formula, 2016-2026, (USD Bn) (Tons)
4.3. Soy protein based formulas
4.3.1. Global Infant Formula Milk Market, by Soy protein based formulas, 2016-2026, (USD Bn) (Tons)
4.4. Protein hydrolysate formulas
4.4.1. Global Infant Formula Milk Market, by Protein hydrolysate formulas, 2016-2026, (USD Bn) (Tons)
4.5. Specialized formulas
4.5.1. Global Infant Formula Milk Market, by Specialized formulas, 2016-2026, (USD Bn) (Tons)
Chapter 5 Global Infant Formula Milk Market, by Variety
5.1. Market Overview, by Variety
5.1.1. Global Infant Formula Milk Market, by Variety, 2016-2026 (USD Bn) (Tons)
5.1.2. Incremental Opportunity, by Variety, 2018
5.2. First Infant Formula
5.2.1. Global Infant Formula Milk Market, by First Infant Formula, 2016-2026, (USD Bn) (Tons)
5.3. Follow-on Formula
5.3.1. Global Infant Formula Milk Market, by Follow-on Formula, 2016-2026, (USD Bn) (Tons)
5.4. Growing-up Formula
5.4.1. Global Infant Formula Milk Market, by Growing-up Formula, 2016-2026, (USD Bn) (Tons)
5.5. Ready-to-feed forms
5.5.1. Global Infant Formula Milk Market, by Ready-to-feed forms, 2016-2026, (USD Bn) (Tons)
Chapter 6 Global Infant Formula Milk Market, by Distribution Channel
6.1. Market Overview, by Distribution Channel
6.1.1. Global Infant Formula Milk Market, by Distribution Channel, 2016-2026 (USD Bn) (Tons)
6.1.2. Incremental Opportunity, by Distribution Channel, 2018
6.2. Offline Store
6.2.1. Global Infant Formula Milk Market, by Offline Store, 2016-2026, (USD Bn) (Tons)
6.3. Online Store
6.3.1. Global Infant Formula Milk Market, by Online Store, 2016-2026, (USD Bn) (Tons)
Chapter 7 Global Infant Formula Milk Market, by Application
7.1. Market Overview, by Application
7.1.1. Global Infant Formula Milk Market, by Application, 2016-2026 (USD Bn) (Tons)
7.1.2. Incremental Opportunity, by Application, 2018
7.2. First Stage (0-6 Months)
7.2.1. Global Infant Formula Milk Market, by First Stage (0-6 Months), 2016-2026, (USD Bn) (Tons)
7.3. Second Stage (6-12 Months)
7.3.1. Global Infant Formula Milk Market, by Second Stage (6-12 Months), 2016-2026, (USD Bn) (Tons)
7.4. Third Stage (12-24 Months)
7.4.1. Global Infant Formula Milk Market, by Third Stage (12-24 Months), 2016-2026, (USD Bn) (Tons)
Chapter 8 Global Infant Formula Milk Market, by Region
8.1. Market Overview, by Region
8.1.1. Global Infant Formula Milk Market, by Region, 2016-2026, (USD Bn) (Tons)
8.2. Attractive Investment Opportunity, by Region, 2018
8.3. North America Infant Formula Milk Market
8.3.1. North America Infant Formula Milk Market, by Form, 2016-2026 (USD Bn) (Tons)
8.3.2. North America Infant Formula Milk Market, by Product Type, 2016-2026 (USD Bn) (Tons)
8.3.3. North America Infant Formula Milk Market, by Variety, 2016-2026 (USD Bn) (Tons)
8.3.4. North America Infant Formula Milk Market, by Distribution Channel, 2016-2026 (USD Bn) (Tons)
8.3.5. North America Infant Formula Milk Market, by Application, 2016-2026 (USD Bn) (Tons)
8.3.6. North America Infant Formula Milk Market, by Country, 2016-2026 (USD Bn) (Tons)
8.3.6.1. United States Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.3.6.2. Canada Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.4. Europe Infant Formula Milk Market
8.4.1. Europe Infant Formula Milk Market, by Form, 2016-2026 (USD Bn) (Tons)
8.4.2. Europe Infant Formula Milk Market, by Product Type, 2016-2026 (USD Bn) (Tons)
8.4.3. Europe Infant Formula Milk Market, by Variety, 2016-2026 (USD Bn) (Tons)
8.4.4. Europe Infant Formula Milk Market, by Distribution Channel, 2016-2026 (USD Bn) (Tons)
8.4.5. Europe Infant Formula Milk Market, by Application, 2016-2026 (USD Bn) (Tons)
8.4.6. Europe Infant Formula Milk Market, by Country, 2016-2026 (USD Bn) (Tons)
8.4.6.1. United Kingdom Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.4.6.2. Germany Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.4.6.3. France Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.4.6.4. Rest of Europe Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.5. Asia Pacific Infant Formula Milk Market
8.5.1. Asia Pacific Infant Formula Milk Market, by Form, 2016-2026 (USD Bn) (Tons)
8.5.2. Asia Pacific Infant Formula Milk Market, by Product Type, 2016-2026 (USD Bn) (Tons)
8.5.3. Asia Pacific Infant Formula Milk Market, by Variety, 2016-2026 (USD Bn) (Tons)
8.5.4. Asia Pacific Infant Formula Milk Market, by Distribution Channel, 2016-2026 (USD Bn) (Tons)
8.5.5. Asia Pacific Infant Formula Milk Market, by Application, 2016-2026 (USD Bn) (Tons)
8.5.6. Asia Pacific Infant Formula Milk Market, by Country, 2016-2026 (USD Bn) (Tons)
8.5.6.1. China Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.5.6.2. Japan Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.5.6.3. India Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.5.6.4. Rest of Asia Pacific Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.6. Latin America Infant Formula Milk Market
8.6.1. Latin America Infant Formula Milk Market, by Form, 2016-2026 (USD Bn) (Tons)
8.6.2. Latin America Infant Formula Milk Market, by Product Type, 2016-2026 (USD Bn) (Tons)
8.6.3. Latin America Infant Formula Milk Market, by Variety, 2016-2026 (USD Bn) (Tons)
8.6.4. Latin America Infant Formula Milk Market, by Distribution Channel, 2016-2026 (USD Bn) (Tons)
8.6.5. Latin America Infant Formula Milk Market, by Application, 2016-2026 (USD Bn) (Tons)
8.6.6. Latin America Infant Formula Milk Market, by Country, 2016-2026 (USD Bn) (Tons)
8.6.6.1. Brazil Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.6.6.2. Mexico Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.6.6.3. Rest of Latin America Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.7. Middle East & Africa Infant Formula Milk Market
8.7.1. Middle East & Africa Infant Formula Milk Market, by Form, 2016-2026 (USD Bn) (Tons)
8.7.2. Middle East & Africa Infant Formula Milk Market, by Product Type, 2016-2026 (USD Bn) (Tons)
8.7.3. Middle East & Africa Infant Formula Milk Market, by Variety, 2016-2026 (USD Bn) (Tons)
8.7.4. Middle East & Africa Infant Formula Milk Market, by Distribution Channel, 2016-2026 (USD Bn) (Tons)
8.7.5. Middle East & Africa Infant Formula Milk Market, by Application, 2016-2026 (USD Bn) (Tons)
8.7.6. Middle East & Africa Infant Formula Milk Market, by Country, 2016-2026 (USD Bn) (Tons)
8.7.6.1. GCC Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
8.7.6.2. Rest of Middle East & Africa Infant Formula Milk Market, 2016-2026 (USD Bn) (Tons)
Chapter 9 Competitive Intelligence
9.1. Top 5 Players Comparison
9.2. Market Positioning of Key Players, 2018
9.3. Market Players Mapping
9.3.1. By Form
9.3.2. By Product Type
9.3.3. By Variety
9.3.4. By Distribution Channel
9.3.5. By Application
9.3.6. By Region
9.4. Strategies Adopted by Key Market Players
9.5. Recent Developments in the Market
9.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 10 Company Profiles
10.1. Nestle (Gerber Products Company)
10.1.1. Nestle (Gerber Products Company) Overview
10.1.2. Nestle (Gerber Products Company) Products Portfolio
10.1.3. Nestle (Gerber Products Company) Financial Overview
10.1.4. Nestle (Gerber Products Company) News/Recent Developments
10.2. Bubs Australia S.A.
10.2.1. Bubs Australia S.A. Overview
10.2.2. Bubs Australia S.A. Products Portfolio
10.2.3. Bubs Australia S.A. Financial Overview
10.2.4. Bubs Australia S.A. News/Recent Developments
10.3. Reckitt Benckiser (Mead Johnson & Company, LLC)
10.3.1. Reckitt Benckiser (Mead Johnson & Company, LLC) Overview
10.3.2. Reckitt Benckiser (Mead Johnson & Company, LLC) Products Portfolio
10.3.3. Reckitt Benckiser (Mead Johnson & Company, LLC) Financial Overview
10.3.4. Reckitt Benckiser (Mead Johnson & Company, LLC) News/Recent Developments
10.4. Abbott Laboratories
10.4.1. Abbott Laboratories Overview
10.4.2. Abbott Laboratories Products Portfolio
10.4.3. Abbott Laboratories Financial Overview
10.4.4. Abbott Laboratories News/Recent Developments
10.5. Bubs Australia
10.5.1. Bubs Australia Overview
10.5.2. Bubs Australia Products Portfolio
10.5.3. Bubs Australia Financial Overview
10.5.4. Bubs Australia News/Recent Developments
10.6. HiPP GmbH & Co. Vertrieb KG
10.6.1. HiPP GmbH & Co. Vertrieb KG Overview
10.6.2. HiPP GmbH & Co. Vertrieb KG Products Portfolio
10.6.3. HiPP GmbH & Co. Vertrieb KG Financial Overview
10.6.4. HiPP GmbH & Co. Vertrieb KG News/Recent Developments
10.7. Bellamy's Organic
10.7.1. Bellamy's Organic Overview
10.7.2. Bellamy's Organic Products Portfolio
10.7.3. Bellamy's Organic Financial Overview
10.7.4. Bellamy's Organic News/Recent Developments
10.8. Raptakos Brett & Company Limited
10.8.1. Raptakos Brett & Company Limited Overview
10.8.2. Raptakos Brett & Company Limited Products Portfolio
10.8.3. Raptakos Brett & Company Limited Financial Overview
10.8.4. Raptakos Brett & Company Limited News/Recent Developments
10.9. British Life Sciences Pvt. Ltd.
10.9.1. British Life Sciences Pvt. Ltd. Overview
10.9.2. British Life Sciences Pvt. Ltd. Products Portfolio
10.9.3. British Life Sciences Pvt. Ltd. Financial Overview
10.9.4. British Life Sciences Pvt. Ltd. News/Recent Developments
10.10. Cow and Gate
10.10.1. Cow and Gate Overview
10.10.2. Cow and Gate Products Portfolio
10.10.3. Cow and Gate Financial Overview
10.10.4. Cow and Gate News/Recent Developments
10.11. Vedagiri Herbals
10.11.1. Vedagiri Herbals Overview
10.11.2. Vedagiri Herbals Products Portfolio
10.11.3. Vedagiri Herbals Financial Overview
10.11.4. Vedagiri Herbals News/Recent Developments
Chapter 11 Preface
11.1. Data Triangulation
11.2. Research Methodology
11.2.1. Phase I – Secondary Research
11.2.2. Phase II – Primary Research
11.2.3. Phase III – Expert Panel Review
11.2.4. Approach Adopted
11.2.4.1. Top-Down Approach
11.2.4.2. Bottom-Up Approach
11.2.5. Supply- Demand side
11.2.6. Breakup of the Primary Profiles
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