Infant Formula Market Growth Driven by Rising Demand for Organic Baby Food

Infant Formula Market size was valued at US$ 134.94 Bn. in 2022 and the total Infant Formula revenue is expected to grow at 10.5% from 2023 to 2029, reaching nearly US$ 271.45 Bn.

Infant Formula Market Report Scope and Research Methodology

Report Scope: Maximize Market Research Pvt Ltd, Pune, India, presents an in-depth analysis of the global infant formula market. The report covers the market's key segments, including type, product type, price point, distribution channel, and region. It provides insights into market dynamics, drivers, limitations, opportunities, and challenges. The study encompasses data analysis, statistics, infographics, and presentations, offering a comprehensive overview of the industry's recent advancements and competitive landscape.

Research Methodology: Our research methodology involves gathering data from market participants and regions, including North America, Asia Pacific, Europe, Middle East & Africa, and South America. We analyze historical data from 2017 to 2020 to provide key insights. The report evaluates the contemporary competitive scenario and offers investor recommendations.

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What are Infant Formula Market Dynamics?

Market Drivers:

Increasing demand for organic baby food
Rise in child and infant malnutrition occurrences
Growth in the number of working mothers
Expansion of middle-class households in developing markets
Increasing birth rates driving market growth

Market Restraints:

Stringent regulatory barriers for formula production
Growing concerns over scandals in the infant formula market
Lack of awareness about formula benefits in developing region

Infant Formula Market Segmentation:

In terms of product, the dairy alternative market was led by the non-dairy milk sector in 2022, accounting for more than 70% of the market. This is because milk is a common ingredient in dairy products like ice cream, yogurt, and cheese. In light of the rising popularity of non-dairy products among consumers. These customers frequently favor dairy-free options for goods like cheese and ice cream. The producers of these non-dairy goods require a sizable and consistent supply of non-dairy milk. such as soy and almond milk. The non-dairy milk market is anticipated to increase at a faster rate over the aforementioned forecast period as a result of this tendency.

The supermarket sector, which accounts for about half of total sales by distribution channel in 2022, is anticipated to dominate the market by the conclusion of the forecast period. Through the networks of supermarkets and hypermarkets, the industry has experienced significant expansion. Baby-specific areas, product bundles, programs, deals, and enjoyable shopping environments for consumers all under one roof have raised demand for baby formula, which is fueling the rise of the overall industry in terms of value sales. On the other side, it is projected that the specialized shop would have the fastest growth throughout the projection period.

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Who are Infant Formula Market Key Players?

1. Abbott
2. Arla Foods Amba
3. Campbell Soups
4. Dana Dairy Group Ltd.
5. Danone
6. D-Signstore
7. HiPP GmbH & Co.
8. Vertrieb KG
9. YILI.COM INC.
10.Reckitt Benckiser (Mead Johnson & Company LLC)
11.Nestle S.A
12.The Hain Celestial Group
13.Royal AUSNZ
14.FrieslandCampina N.V.
15.Kraft Heinz company
16.Meiji Holdings Co. Ltd.
17.Beingmate Baby & Child Food Co. Ltd.
18.Synutra International Inc.
19.Pfizer Inc.
20.Others

Table of Content: Infant Formula Market

Part 01: Executive Summary

Part 02: Scope of the Infant Formula Market Report

Part 03: Global Infant Formula Market Landscape

Part 04: Global Infant Formula Market Sizing

Part 05: Global Infant Formula Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia-Pacific: Dominated the market in 2022, driven by high birth rates, economic growth, and increased female workforce participation. China led the region with substantial almond milk imports.
North America: Followed Asia-Pacific, with the United States as the largest almond milk importer.
Europe: Accounts for over 20% of global sales volume, led by France and Turkey.
LAMEA: Brazil is the largest provider due to high disposable income and a significant female workforce. Saudi Arabia displays rapid growth.
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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