The key factor driving the growth of infant formula market is increasing the number of working class of women, high birth rates, and increasing urbanization. Increase in globalization and rise in GDP help in the growth of this market. Increase in awareness of early nutrition and emphasis on child safety & well being will create an opportunity for this market. Stringent regulations and increasing awareness for natural infant feeding are the major factors restraining the infant formula industry.
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The Global Infant Formula Market is estimated to grow at a CAGR 11.4% by 2023 projected reach USD 30.9 Billion. The World Health Organization recommends breastfeeding as the best feeding choice, infant formulas remain an alternative to breast-milk and plays an important role in the infant diet.
This acts as a supplement and provides optimal nutrition for baby growth.
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Infant formula market is segmented on the basis of source, feeding type, milk formula, forms, ingredients and distribution channel. Milk formulas can be divided into four distinct types: infant grown up formula, stand formula, follow-on formula and special formula.
The global infant grown up milk formula market is the fastest growing category in infant food formula market. The follow-on milk formula segment is expected to expand at the highest CAGR by 2023.
Carbohydrates are the most important ingredient used in infant formulas to provide energy for growth. Powder form is widely employed as compared to liquid formula ingredients.
Several types of infant formula ingredients, proteins, carbohydrates, some fats, probiotics, and micronutrients are commonly used in the powdered form for manufacturing infant formula.
On the basis of geography infant formula market in Asia-Pacific was the largest in 2016, and it is expected to grow by 2023.
Key player in the market include - Arla Foods Amba, Vitablend Nederland B.V., Carbery Food Ingredients Limited, Fonterra Co-Operative Group Limited, Aarhuskarlshamn Ab, Royal Frieslandcampina N.V., Sachsenmilch Leppersdorf Gmbh, Basf Se, Koninklijke Dsm N.V. and Chr. Hansen
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Key benefit of Infant Formula Market report:
This report provides current market trends and future growth expectations.
This report examines the market size and changing competitive dynamics
It covers information regarding key drivers, challenges or restraining market growth
It provides a five-year forecast assessed on the basis market value chain, Porter's five forces, and supply chain management.
Market factor analysis delivers treasured information regarding the possible purchasers and suppliers and understanding the stakeholders involved.
This report incorporates data regarding companies and business decision by having complete insights on the markets and by creating an in-depth analysis of market segments.
*Infant formula ingredients manufacturers
*Technology providers to the infant formula ingredients manufacturers
*Infant formula manufacturers/suppliers
*Importers and exporters of infant formula ingredients
*Dairy products manufacturers/suppliers
*Raw material suppliers
*Commercial research & development (R&D) institutions and financial institutions
*End users (infant formula manufacturers)
TABLE OF CONTENT
1 EXECUTIVE SUMMARY
2 DEMOGRAPHIC OVERVIEW
3 RESEARCH METHODOLOGY
4 PREMIUM INSIGHTS
- MARKET OVERVIEW
6 MARKET FACTOR ANALYSIS
7 GLOBAL INFANT FORMULA MARKET BY SOURCE
8 GLOBAL INFANT FORMULA MARKET BY FEEDING TYPE
9 GLOBAL INFANT FORMULA MARKET BY MILK FORMULA
10 GLOBAL INFANT FORMULA MARKET BY FORMS
11 GLOBAL INFANT FORMULA MARKET BY INGREDIENTS
12 GLOBAL INFANT FORMULA MARKET BY DISTRIBUTION CHANNEL
13 GLOBAL INFANT FORMULA MARKET BY REGION
14 MARKET TRENDS & COMPETITIVE ANALYSIS
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