Infant Formula Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[190+ Pages Report] According to the report published by Facts Factors, the global infant formula market size was worth around USD 57.12 billion in 2019 and is predicted to grow to around USD 110.26 billion by 2026 with a compound annual growth rate (CAGR) of roughly 9.8% between 2020 and 2026. The report analyzes the global infant formula market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the infant formula market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the infant formula industry. The report analyzes and declares the historical and current trends analysis of the infant formula industry and subsequently recommends the projected trends anticipated to be observed in the infant formula market during the upcoming years.

The infant formula market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire infant formula market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the global infant formula market is set to grow annually at a rate of around 9.8%
• It was established through primary research that the infant formula market was valued at around USD 57 Billion in 2019
• China held the largest market share in 2019, owing to the huge availability of producers.
• On basis of type segment, ‘follow-up’ type dominated the global infant formula market in 2019
• Based on distribution channel, the global infant formula market was led by hypermarkets/supermarkets in 2019.

Key Recommendations from Analysts

• As per our analysts, the global infant formula market is expected to grow significantly over the forecast period and reach around USD 110 Billion by 2026
• As per analysts, the increasing nutritional value of infant formula is driving the growth of the market.
• As per our team of analyst, the infant formula will register high growth over the analysis period as it is convenient for mothers to feed their babies at anytime and anywhere.
• As per our analysts, hypermarkets/supermarkets have accounted largest market share as it provides discounts on products.
• Our team of analysts has identified, that Asia Pacific will maintain its position owing to its rising in population and huge availability of infant formula producers in China.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the infant formula industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the infant formula industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the infant formula market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the infant formula industry. The infant formula market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Infant Formula sector. Key strategic developments in the infant formula market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the infant formula market are appropriately highlighted in the report.

The growing focus on the nutritional need of the infant formula is primarily driving the market throughout the world. Moreover, increase in number of mother workers across the globe has boosted the sales of baby nutrition food products. It is convenient for mothers to feed their babies at anytime and anyplace. Additionally, the infant formula comprises of necessary vitamins, nutrients, and minerals for development of the infant. Thereby, certain factors are contributing to the growth of the global infant formula market. However, the regulatory policies associated with the manufacturing of infant formulas restrict the demand for the drug over the forecast period.

The infant formula market research report delivers an acute valuation and taxonomy of the infant formula industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the infant formula industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the infant formula industry is provided for the leading economies of the world.

The infant formula market is segmented based on type and distribution channel. On the basis of type segmentation, the market is classified into standard, follow-on, toddler, and specialty. In terms of distribution channel segmentation, the market is bifurcated into hypermarkets/supermarkets, pharmacy/medical stores, specialty stores and others.

Report Scope

Some of the essential players operating in the infant formula market, but not restricted to include

• Nestle
• Danone
• Reckitt Benckiser
• Abbott
• Perrigo Nutritionals
• Arla Food Ingredients
• Hero Group
• HiPP
• Otsuka Pharmaceutical Co. Ltd
• Bubs Australia .

The taxonomy of the infant formula industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Standard
• Follow-on
• Toddler
• Specialty

By Distribution Channel Segmentation Analysis

• Hypermarkets/Supermarkets
• Pharmacy/Medical Stores
• Specialty Stores
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa