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Global Baby Infant Formula Market Research Report 2021
SKU ID : QYR-17143576 | Publishing Date : 09-Jan-2021
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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".
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 global Baby Infant Formula market was valued at US$ 21390 million in 2019 and is expected to reach US$ 31020 million by the end of 2026, growing at a CAGR of 5.4% during 2021-2026.
This report focuses on Baby Infant Formula volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Baby Infant Formula market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Global Baby Infant Formula Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Infant Milk
Follow-on-Milk
Specialty Baby Milk
Growing-up Milk
Segment by Application
Supermarkets
Pharmacy/Medical Stores
Specialty Stores
Hard Discounter Stores
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
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
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 global Baby Infant Formula market was valued at US$ 21390 million in 2019 and is expected to reach US$ 31020 million by the end of 2026, growing at a CAGR of 5.4% during 2021-2026.
This report focuses on Baby Infant Formula volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Baby Infant Formula market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Global Baby Infant Formula Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Infant Milk
Follow-on-Milk
Specialty Baby Milk
Growing-up Milk
Segment by Application
Supermarkets
Pharmacy/Medical Stores
Specialty Stores
Hard Discounter Stores
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
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
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
