About Infant Formula Foods
Infant formula is a special dietary food used to feed infants under 12 months of age. The ingredients used in the baby food and infant formula are free from chemicals as its composition is designed on the basis of the human mother's milk. The infant formula market has high growth prospects owing to increasing awareness about baby nutrition. Further, growing research and development for developing infant formula with high nutritional content and rising demand from the developing economies expected to drive the demand for infant formula over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Due to the presence of numerous players, the market is fragmented. Some of the major market participants include Abbott Laboratories, Beingmate Co. Ltd., Danone SA, HiPP GmbH & Co. Vertrieb KG, and Meiji Holdings Co. Ltd. This baby food and infant formula market report provides a detailed analysis of the market leaders as well as information on the competencies and capacities of these companies to assist clients in improving their market position. The report also discusses the competitive landscape of the market and provides information on the products offered by various companies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Infant Formula Foods market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Nutrition (United States), Arla Foods (Denmark), Campbell Soup Company (United States), Dana Dairy Group Ltd (France), Danone (France), HiPP (Germany), Nestle (Switzerland), Mead Johnson Nutrition (United States), Meiji Holdings Co. Ltd (Japan) and The Kraft Heinz Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are FrieslandCampina (Netherland), Beingmate Baby & Child Food Co. Ltd. (China) and Hain Celestial Group (United States).
Segmentation Overview
AMA Research has segmented the market of Global Infant Formula Foods market by Type (Infant Formula Powder and Infant Complementary Foods) and Region.
On the basis of geography, the market of Infant Formula Foods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Hypermarkets will boost the Infant Formula Foods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Ingredients, the sub-segment i.e. Carbohydrate will boost the Infant Formula Foods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Hypoallergenic Baby Formulas and Emergence of Flavored Infant Formulas
Market Growth Drivers:
Growing Awareness about High Nutritional Content in the Infant Formula and Increasing Demand for Organic Baby Food & Drinks
Challenges:
Low Adoption Rate in Under Developing Countries and Issues Related to the Counterfeit Products
Restraints:
Stringent Government Regulations Regarding Infant Formulas
Opportunities:
Growing R&D to Meet Higher Nutritional Standards of Infant Formula and Increasing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
On 7th February 2022, Reckitt's largest-ever acquisition was the USD17 billion purchase of Mead Johnson Nutrition Co. five years ago under former CEO Rakesh Kapoor. Laxman Narasimhan, his successor, sold the Chinese infant formula business to local buyout firm Primavera Capital for USD2.2 billion last year, exiting one of the company's largest markets.
On 5th July 2022, Danone has introduced the new Dairy & Plants Blend baby formula to satisfy parents' desire for vegetarian, flexitarian, and plant-based feeding options while still meeting their baby's specific nutritional needs. Danone has developed this new dairy and plant-based baby formula recipe based on 50 years of scientific breastmilk research and its heritage of leadership in plant-based foods through well-known brands such as Alpro and Silk.
“According to the Food and Drug Administration (FDA), persons responsible for the manufacture or distribution of infant formula that will be introduced into interstate commerce in the United States must comply with the requirements of the Federal Food, Drug, and Cosmetic Act ( the act), 21 USC 321 et seq., and FDA's regulations implementing the act. All of the FDA's regulations are published in Title 21 of the Code of Federal Regulations (CFR).”
Key Target Audience
Infant Formula Foods Manufacturers, Infant Formula Foods Distributors, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.