Babies always have different feeding needs to grow in a proper way. Infant formula or baby formula is basically a manufactured food that is designed & marketed as a feed to babies & infants under 12 months of age. It is usually prepared as bottle-feeding from powder generally mixed with water. Most of the manufacturers define that the composition of infant or baby formula is designed to be roughly based on mother's milk at about one to three months postpartum. The most commonly utilized infant formulas contain purified cow's milk whey & casein as a source of protein, lactose as a carbohydrate source, a blend of vegetable oils as a source of fat, and other ingredients. In addition to that, there are infant formulas where soybean is used as a protein source instead of cow's milk.
MARKET DYNAMICS
The baby formula nutrition products market has witnessed significant growth owing to factors such as the growing concern of parents towards providing healthy food and proper nutrition to the infants or babies in a timely manner, which can help in the proper growth of the babies. In addition to that, the availability of numerous products such as infant milk formula, toddlers milk formula, follow-on milk formula, and special milk formula in the market through both the online and offline sales channels is further influencing this market. Research and development activities by the market players and other research organizations are again contributing to the growth of this market. Furthermore, government schemes and activities towards upgrading the health-related issues of newborns and babies are further impacting this market. Rise in disposable income and increasing consumer spending on baby food and baby's heath is expected to propel this market in the near future. However, COVID-19 pandemic situation across the world have forced to shut down all the food processing units, sale channels, and others, which may impact on the growth of the baby formula nutrition products market in the near future. Nevertheless, with the innovative business strategy, major market players can open up new opportunities for this market.
MARKET SCOPE
The "Global Baby Formula Nutritions Products Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the baby formula nutritions products market with detailed market segmentation by product, formulation, age group, distribution channel, and geography. The global baby formula nutritions products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading baby formula nutritions products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global baby formula nutritions products market is segmented on the basis of product, formulation, age group, and distribution channel. On the basis of product, the baby formula nutritions products market is segmented into infant milk formula, follow-on milk formula, toddlers milk formula, and special milk formula. The baby formula nutritions products market on the basis of the formulation is classified into powder, liquid concentrate, and ready to feed. Based on age group, the global baby formula nutritions products market is bifurcated into newborn, infant, and toddler. On the basis of distribution channel, global baby formula nutritions products market is bifurcated into hypermarkets & supermarkets, pharmacy or medical stores, online, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global baby formula nutritions products market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The baby formula nutritions products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the baby formula nutritions products market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the baby formula nutritions products market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global baby formula nutritions products market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from baby formula nutritions products market are anticipated to lucrative growth opportunities in the future with the rising demand for baby formula nutritions products in the global market. Below mentioned is the list of few companies engaged in the baby formula nutritions products market.
he report also includes the profiles of key companies along with their SWOT analysis and market strategies in the baby formula nutritions products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott Nutrition
- Beingmate Baby and Child food Co. Ltd.
- FrieslandCampina
- Groupe Danone
- Mead Johnson Nutrition
- Meiji Holdings Co. Ltd.
- Nestl? S.A
- Perrigo Company plc
- Pfizer Inc.
- The Kraft Heinz Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.