Infant Formula Market Shows to CAGR of 5.80% by 2023 | Nestlé S.A. Danone S.A., Abbott Laboratories, Royal FrieslandCampina N.V., Reckitt Benckiser

Press Release

The global infant formula market is estimated to reach US$80.76 billion in 2023, growing at a CAGR of 5.80% for the period spanning from 2019 to 2023.

The research dives deep into the global share, size, and trends, as well as growth rate of the Infant Formula market to project its progress during the forecast period, i.e., 2019–2027. Most importantly, the report further identifies the past, present, and future trends that are expected to influence the development rate of the Infant Formula market. The research segments the market on the basis of product type, application, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, demand and production capability across different countries.

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This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Infant Formula market.

The factors such as emerging middle class population, growing birth rate in developing countries, increasing female in the workforce, increasing e-commerce sales, increasing disposable income and accelerating economic growth are expected to drive the market. However, growth of the industry will be challenged by stringent regulations and dominance of infant formula alternatives. A few notable trends include growing awareness regarding baby foods and increasing preference for foreign infant formula brands in China.

The major manufacturers covered in this report: Nestlé S.A. Danone S.A., Abbott Laboratories and Royal FrieslandCampina N.V., Reckitt Benckiser and Kraft Heinz

The global infant formula market is broadly segmented into four types which are toddler (+12 months), standard (0-6 months), follow-on (6-12 months) and special (premature, allergic) products. Increased preference of infant formula by younger moms and increased females in the workforce resulted into high demand of infant formula.

Researchers conducting the research also carry out a comprehensive analysis of the recent amendments in the government regulation and their impact on the competitive landscape of the industry. The research assesses the recent progress in the competitive landscape including collaborations, joint ventures, product launches, acquisitions, and mergers, as well as investments in the sector for research and development.

The report profiles the key players in the industry along with a detailed analysis of their individual positions against the global landscape. The researcher provides an extensive analysis of the Infant Formula market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

Scope of the report:

– The report provides a comprehensive analysis of the global infant formula market, segmented into toddler (+12 months), standard (0-6 months), follow-on (6-12 months) and special (premature, allergic) products.

– The major regional markets (Asia Pacific, Europe, North America and Latin America) have been analyzed, along with country coverage of China and Australia.

– The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.

– The competitive landscape of the market, along with the company profiles of leading players (Nestlé S.A. Danone S.A., Abbott Laboratories and Royal FrieslandCampina N.V., Reckitt Benckiser and Kraft Heinz) are also presented in detail.

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Key points from Table of Content:

1.Market Overview

2. Baby Food Market Analysis

3. Global Infant Formula Market Analysis

4. Regional Infant Formula Market Analysis

5. Market Dynamics

6. Competitive Landscape

7. Company Profiles

Scope of the study:

  • The report conducts a detailed analysis of the evolving market dynamics
  • It gives a holistic view of various drivers and restraints operating in the market
  • The forecast spans 6 years and predicts the prospective progress of the sector
  • It categorizes the prominent product segments and their future growth scenario
  • The market insights derived after a thorough investigation of the industrial segments and subsegments enable readers make informed decisions.

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