Industry Background:
Toddler 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). It has high growth prospects due to demand from working women and changing lifestyles and benefit towards health consciousness products. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for personal care products and baby care products.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Europe |
Unit | Value (USD Million) |
Key Companies Profiled | Danone (France), Abbott (United States), Nestle (Switzerland), Mead Johnson Nutrition (United States), FrieslandCampina (The Netherlands), Heinz (United States), Yili (China), Biostime (Hong Kong), Hipp Holding AG (Switzerland), Perrigo (United States), Beingmate (China), Synutra (United States), Fonterra (New Zealand), Meiji (Japan), Bellamy (Australia), Feihe (China), Yashili (China), Brightdairy (China) and Arla (Denmark) |
CAGR | % |
This growth is primarily driven by Increasing Baby-Infants Food Products and Rising Number of Various Type and Flavour Based Food Products.
Globally, a noticeable market trend is evident Value Oriented Customers. The Personal Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Danone (France), Abbott (United States), Nestle (Switzerland), Mead Johnson Nutrition (United States), FrieslandCampina (The Netherlands), Heinz (United States), Yili (China), Biostime (Hong Kong), Hipp Holding AG (Switzerland), Perrigo (United States), Beingmate (China), Synutra (United States), Fonterra (New Zealand), Meiji (Japan), Bellamy (Australia), Feihe (China), Yashili (China), Brightdairy (China) and Arla (Denmark) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2018, Lactalis acquired Aspen’s infant formula business for 740m euros, which is beneficial in providing powder baby milk powder at different production sites such as South Africa, New Zealand, and Mexico.
In February 2020, Else Nutrition launched a plant-based toddler formula that is beneficial in providing clean ingredients with 100 percent organic based formulations of almonds, buckwheat, and tapioca at United States regions.
Market Drivers
- Increasing Baby-Infants Food Products
- Rising Number of Various Type and Flavour Based Food Products
Market Trend
Restraints
- Adverse Impact Due to Government Strict Guidlelines
- Side Effect Associated Toddler Formula Products
Opportunities
Availability of Food Products at Supermarkets and Hypermarkets and others and Technological advancements and research & Development activities lead to boost the market growth
Challenges
Lack of Awareness among Customers and Product Recall Leads to Hamper the Market Growth
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Toddler Formulas Study Sheds Light on
The Toddler Formulas Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Toddler Formulas industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Toddler Formulas industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.