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Global Infant Formula Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Formula Type (Cow’s Milk Protein-Based, Soy-Based, Protein Hydrolysate), By Form (Powdered, Concentrated Liquid, Ready-to-Use), By Distribution Channel (Offline, Online), And By Geography - Forecasts From 2020 To 2025

Published: May 2021 | Report Code:  KSI061613040 | Pages:  122

The infant formula market is projected to grow at a CAGR of 5.53% to reach the market size of US$60.874 billion by 2025 from US$44.077 billion in 2019. Infant formula is a substitute for breast milk consisting of various nutrients, such as carbohydrates, fats, proteins, vitamins, minerals, and others. It helps in the overall development of the baby. The growing female working population is the driving factor for the growth of the market. It seems to be a good alternative for breast milk as it contains similar nutrients as compared to breast milk thereby positively impacting the growth of the infant formula market. Changing lifestyles coupled with increasing disposable income is also boosting the growth of the market.

However, concerns related to the health of the baby, the safety of the formula, and physician’s advice to give only breast milk to infants are restraining the market growth. Moreover, concerns related to the growing population and increasing awareness programs from world health organizations and others to lower the global birth rate are also likely to hamper the growth of the infant formula market. Geographically, the North American region is expected to have a significant market share owing to the presence of key players, high disposable income, and high working women population in the region. Asia Pacific regional market is expected to grow at a rapid pace on account of the growing female working population in the region.

The “Infant formula Market– Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by formula type, form, distribution channel, and geography.

The infant formula market segmented based on formula type, form, distribution channel, and geography. By formula type, the market has been segmented into cow’s milk protein-based, soy-based, and protein hydrolysate. By form, the market has been segmented into powdered, concentrated liquid, and ready-to-use. By distribution channel, the market has been segmented into offline and online.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the infant formula market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the infant formula market.

Global Infant Formula Market Scope:

Report Metric Details
 Market size value in 2019  US$44.077 billion
 Market size value in 2025  US$60.874 billion
 Growth Rate  CAGR of 5.53% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Formula Type, Form, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Abbott, Nestlé S.A., Danalac, Danone S.A., Ausnutria Dairy Corporation Ltd., Perrigo   Company plc, Else Nutrition, Biostime, Juniper Naturals
 Customization scope  Free report customization with purchase

 

Segmentation

The infant formula market can be segmented based on formula type, form, distribution channel, and geography.

  • By Formula Type
    • Cow’s Milk Protein-Based
    • Soy-Based
    • Protein Hydrolysate
  • By Form
    • Powdered
    • Concentrated Liquid
    • Ready-to-Use
  • By Distribution Channel
    • Offline
    • Online
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of infant formula market?
A1. The infant formula market was valued at US$44.077 billion in the year 2019.
 
Q2. What will be the infant formula market size by 2025?
A2. The infant formula market is expected to reach a market size of US$60.874 billion by 2025.
 
Q3. What are the growth prospects for the infant formula market?
A3. The infant formula market is expected to grow at a CAGR of 5.53% over the forecast period.
 
Q4. How is the infant formula market segmented?
A4. The infant formula market has been segmented by formula type, form, distribution channel, and geography.
 
Q5. What is the base year considered in the infant formula market report?
A5.  2019 has been taken as the base year in the infant formula market.
 

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