Bharat Book Bureau Provides the Trending Industry Research Report on “Global Baby Milk Formula Market Overview, 2021-2026” under Food and Beverage Market Research Report. The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.
In the Global Baby Milk Formula Market Research Report has been conducted to outline and deep dive into the regional markets and their dynamics in the global baby food product market. To assess the market better, the market has been appropriately segmented based on product category, prominent sales channels delivering revenue, and region. The major sales channels that have been analyzed are- supermarket/hypermarket, pharmacy/drug store, convenience store, and online channels. Geographical regions considered for the study are- North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Popularly known as infant formula or milk formula, is manufactured and marketed for infants for under 12 months, usually prepared for feeding other than the mother’s milk. Even in the overall baby food market, the milk formula is the most popular among parents. It contains various nutrients like carbohydrates, fats, proteins, vitamins, minerals, etc which are important for the overall development of the baby. The global market was at a value of more than USD 30 Million in the year 2015. Though breastfeeding is recommended for under six months, the use of infant formula is an alternative preferred as it consists of similar nutrients. By the end of the forecasted period, the market is expected to be growing to a market value of less than USD 60 Million.
The increased disposable income in emerging economies is the major drive for the market growth other than the awareness about the high nutrition of the infant milk formula. China leads the global market with a little higher share than 15% at the end of the forecasted period. Evidentially, regionally, Asia leads the market with a share of more than 30% since 2015 and increasing through the forecasted period. Brazil is also a potential market given the rise in disposable income backed by a large number of working women in the country.
Across China and India, favorable government initiatives have improved the penetration of such infant milk formula products. Consumers especially millennial parents are now conscious about the ingredients, which have compelled the companies to come up with clean label marketing. This has also driven the adoption of organic food for babies across the globe. The awareness regarding the need for additional nutrition for a toddler has encourages the parents to invest in the product.
Few of the major players in the market are Arla Foods, Ausnutria, Beingmate, Danone, Ella's Kitchen, Friesland Campina, Happy Family Brands (Nurture Inc), Hero Group, Hipp Organic (UK), Mead Johnson Nutrition, Perrigo Company plc, Reckitt, Sun-Maid Growers of California, The Hain Celestial Group, The Kraft Heinz Company.
CONSIDERED IN THE REPORT
Base year: 2020
Historical year: 2015
Forecasted year: 2026
Middle East & Africa
ASPECTS COVERED IN THE REPORT
Market Size by Value for the period (2015-2026F)
Market Share by Sales Channel (Supermarket & Hypermarket, Pharmacy/ Drug Store, Convenience Stores & Online)
Market Share by Region
Market Share by Country
Market Share by Company
This report would help you answer the following questions:
What is the market size and forecast of the Global Baby Milk Formula Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Baby Milk Formula Market during the forecast period?
Which region outstands in the Global Baby Milk Formula Market?
Which are the segments to invest in over the forecast period in the Global Baby Milk Formula Market?
What is the competitive strategic window for opportunities in the Global Baby Milk Formula Market?
What are the technology trends and regulatory frameworks in the Global Baby Milk Formula Market?
What are the major companies in the Global Baby Milk Formula Market?
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