The global demand for Milk Formula Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Milk formula or infant formula is a specialized food formulated for babies and infants under 12 months. It is made as a complete or partial substitute for human milk. Milk formula is preferred due to one of reason or a combination of two or more: an inadequate supply of maternal breast milk, inefficient sucking by the baby, inability to quantitate the precise amount of breast-milk received by the baby, concern about transferring drugs the mother may be taking for a medical problem through the breast milk to the infant.
Market Dynamics
The key factors influencing the growth of the global milk formula market are demographic and social changes, urbanization, the development of the middle-class, and women's high employment rate. Rising women joining the workforce post giving birth and mothers' inability to lactate, and parents seeking additional nutrition sources for their babies are among the crucial factors expected to boost sales of infant formula ingredients in the coming year. The market is also spurred by the nutritional needs of the elderly, chronically ill patients, and the increase of premature births. Product manufacturers are investing R&D in commercializing new products with high nutrition content. However, strict regulations for infant formulas in China and growing cases of contamination found in infant formulas impede the growth of the global infant formula market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of milk formula. The growth and trends of milk formula industry provide a holistic approach to this study.
Market Segmentation
This section of the milk formula market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Source
- Cow Milk
- Soy
- Protein Hydrolysates
- Others (Goat Milk and Camel Milk)
By Form
- Powder
- Liquid & Semi-liquid
By Type
- First Infant Formula (First Milk)
- Goats' Milk Formula
- Hungrier Baby Formula (Hungry Milk)
- Lactose-free Formula
- Hypoallergenic Formula
- Follow-on Formula
- Growing-up Milk (Toddler Milk)
- Others
By Distribution Channel
- Hypermarkets
- Supermarkets
- Pharmacy/Medical Stores
- Specialty Stores
- Hard Discounter Stores
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Milk Formula market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Milk Formula Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the milk formula market include Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd, Danone, D-Signstore, HiPP GmbH & Co. Vertrieb KG, Reckitt Benckiser (Mead Johnson & Company LLC), Nestle S.A. and The Hain Celestial Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.