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Infant Formula Market Size to Reach USD 103.75 Billion by 2026 | Fortune Business Insights
As per the report, the global Infant Formula Market was valued at USD 45.12 Billion in 2018 and is anticipated to surpass USD 103 Billion by 2026. Introduction of innovative packaging, premiumization, new changes in ingredient mix are driving the Infant Formula Market growth. This, coupled with the delivery of effective communication on product offerings, is expected to benefit the long-term growth of the market.
Fortune Business Insights in a new study, titled "Infant Formula Market Size, Share & Industry Analysis, By Type (Infant Milk, Follow-on-Milk, Others), Distribution Channel (Hypermarkets/ Supermarkets, Pharmacy/ Medical Stores, Specialty Stores, Others), and Regional Forecast, 2019-2026" states that the global market is anticipated to report a remarkable CAGR of 10.85% during the forecast period. The report sheds light on the detailed evaluation of the market based on segments, competitive landscape, and dynamics.
List of the major key players operating in the global Infant Formula Market include:
Of these, companies such as Danone SA, Nestle S.A., and Abbott are leading the market owing to their product portfolio. Other companies are also putting constant efforts to strengthen their position in the market.
Among different types of infant formula, infant milk is expected to cover the major portion of the Infant Formula Market share. A lead analyst at Fortune Business Insights says, "The segment witnesses' strong sales growth in emerging economies on account of the lack of substitutes in the market." He added, "Owing to the lack of nutrient-dense and convenient products, manufacturers are planning to develop a plethora of new infant formulae products such as infant milk."
In addition to this, physicians also recommend the use of infant milk than follow-on-milk owing to their superior nutritional value and is the best substitute for breast milk. The medicalization of infant milk formula addresses some of the general health conditions in infants and children which include constipation and indigestion. Considering the rising awareness about infant formula, consumers demand organic, 100% lactose, GMO-free and other product differentiations in infant milk products.
The Infant Formula Market in the U.S. was worth USD 2.66 billion in 2018 and is projected to reach USD 5.07 billion by 2026. The market is expanding owing to the rising focus on value-added infant formulae with the best ingredients and regulatory practices. The intervention from public sector coupled with the efforts from key brands have led to effective penetration of infant nutrition products among almost every households of the country irrespective of varied ethnicity. As per the report, the market is expected to rise at a CAGR of 8.30% in the forecast years.
The market in China is anticipated to register a CAGR of 11.30% between 2019 and 2026. The elimination of 'one-child' policy and rapid consolidation of the domestic industry are factors creating growth opportunities for the market in China . Also, the rising awareness about infant care and nutrition is enabling growth in the market, augmenting the Infant Formula Market size in Asia Pacific .
A subsidiary of Arla Foods Amba called Arla Foods Ingredients revealed a new infant formula concept called easy digest whey protein. The company aims to reduce gastrointestinal issues by changing the number of proteins used.
Danone Nutricia announced the launch of a new and advanced infant formula called Karicare Toddler. This product is made with pure New Zealand sheep milk.
Researchers at the Technical University of Denmark and Kyoto University discovered a new infant formula which is as good as breast milk. It contains the same sugars and can be given to children who are not breastfed.
Table 01: Global Infant Formula Market Revenue (US$ bn) Forecast, by Country, 2015–2026
Table 02: Global Infant Formula Volume (Million Tonnes) Forecast, by Country, 2015–2026
Table 03: Global Infant Formula Market Revenue (US$ bn) Forecast, by Type, 2015–2026
Table 04: Global Infant Formula Market Volume (Million Tonnes) Forecast, by Type, 2015–2026
Table 05: Global Infant Formula Market Revenue (US$ bn) Forecast, by Distribution Channel, 2015–2026
Table 06: Global Infant Formula Market Volume (Billion Numbers) Forecast, by Distribution Channel, 2015–2026
Continued…!
Figure 01: Global Infant Formula Market Revenue Breakdown (US$ Bn, %) by Country, 2019 & 2026
Figure 02: Decadal Changes in the Fertility Rates, by Region, 2010-2020
Figure 03: Current Rates of Breastfeeding Practices, by Age, 2019
Figure 04: Access to Nutrition Index 2018
Figure 05: Import of Food Preparations for Infant Use, in
Japan , by Value ('000), 2015 -2018
Figure 06: Import of Food Preparations for Infant Use, in
Japan , by Volume (Tonnes), 2015-2018
Figure 07: Export of Food Preparations for Infant Use, by
Japan , by Value (Mn), 2015-2018
Continued…!
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, Share and Global Trend By Drug Class (Monoclonal antibody (mAb), Fusion Proteins, Immunosuppressants, Polyclonal antibody (pAb) ), By Disease Indication ( Rheumatoid Arthritis, Psoriatic Arthritis, Plaque Psoriasis, Ankylosing Spondylitis, Inflammatory Bowel Disease, Prophylaxis of Organ Rejection ), By Distribution Channel ( Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) & Geography Forecast till 2025
, Share and Global Trend By Packaging Material (Glass and PET Bottles, Cans), Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Retail) & Geography Forecast till 2026
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