Around 10% CAGR, Infant Formula Market size will cross USD 98 billion by 2025

The European infant formula market is expected to achieve 9% CAGR from 2019 to 2025; Nestle, HiPP, DMK GmbH and Danone are some of the major players operational in this regional market.

Selbyville, United States - May 15, 2019 /MarketersMedia/ —

Asia Pacific is one promising region in terms of increasing consumption of infant formula market. The region held 35.6% share by volume in global infant formula market in 2018. Growing infant population in India, Vietnam, Pakistan, Thailand, Indonesia will be accelerating product demand over the forecast timeframe.

On the basis of product, the infant formula market has been segmented into standard, follow-on, toddler and specialty. Among the aforementioned segments, the follow-on segment generated maximum revenue over USD 20 billion in 2018, whereas the toddler’s segment is likely to exhibit the highest CAGR over the forecast timeframe. The rising disposable income across the globe along with the growing adoption of infant formula are major factors augmenting the infant formula market size.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/3237

On the basis of distribution channels, the global market has been segregated into hypermarket, supermarket, convenience store, online and others. Among the aforementioned segments, supermarkets contributed highest to the revenue share amounting more than USD 18 billion in 2018 and will hold the highest revenue share throughout the assessment period. The growing penetration of supermarkets in the developing economies along with the presence of various sales promotion schemes attracts large consumer groups which in turn is positively contributing to the growth of the supermarket segment.

Global Infant Formula Market is expected to surpass USD 98 billion by 2025; according to a new research report by Global Market Insights, Inc. Global market will be primarily driven by the growing number of working-class women across the globe. Infant formula are widely accepted alternatives of breast milk hence the rising population of working mothers shall drive product demand during the forecast period. Moreover, the increasing per capita income in developing economies has resulted surge in the purchasing power of the population which in turn is anticipated to act as one of the major market driving factors during the assessment period.

According to The Federal Food, Drug, and Cosmetic Act (FFDCA), by U.S. Food and Drug Administration, infant formula is defined as a food which purports to be or is represented for special dietary use, solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk. Infant formula consists of various vital ingredients such as fats, carbohydrates, proteins, minerals, vitamins and others which acts as an import source of infant nutrients. Although, breast milk is highly recommended by physicians as the best source of nutrients for infants however, the product acts as an effective substitute of breast milk. The rising awareness about baby health coupled with growing infant population across the globe shall substantially boost the infant formula market size through the review period.

Follow-on segment accounted for the largest share in global infant formula market in 2018. This segment food caters to babies aged 6 to 12 months. This age group requires proteins and other essential elements as present in mother?s milk. This category has highest demand for infant formula because at this stage, breastfeeding is generally stopped, and infants are introduced to other foods.

Supermarkets segment of infant formula market is expected to register maximum gains in in the coming years. The segment will expand at CAGR of 9.5% over the forecast timeframe. The steadily growing retail industry across the globe, will benefit supermarket formats the most, as they have wide product range and offer products at affordable prices.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3237

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/infant-formula-market

Source URL: https://marketersmedia.com/around-10-cagr-infant-formula-market-size-will-cross-usd-98-billion-by-2025/513016

Source: MarketersMedia

Release ID: 513016

Latest News

The Latest: UK rejects Iranian position on tanker seizure

Jul 20, 2019

TEHRAN, Iran — The Latest on developments related to tensions between the U.S. and Iran (all times local): 9:20 p.m. Britain's foreign secretary says he rejects Iran's attempt to link its seizure of a British-flagged tanker to a July 4 incident in which British marines helped take control of an Iranian tanker off Gibraltar. Jeremy Hunt said Saturday afternoon that Britain's action against the Grace 1 supertanker was legal because it involved the enforcement of international sanctions against Syria since the crude oil on board was bound for that country. In contrast, he says, Iran had no legal justification for...

Iran says British tanker seized because of collision

Jul 20, 2019

TEHRAN, Iran — Iran's seizure of a British-flagged oil tanker was allegedly due to a collision with an Iranian fishing boat, the country's state-run IRNA news agency said Saturday. The British tanker reportedly caused damage to the fishing boat, then didn't respond to calls from the smaller craft. The fishing boat informed Iran's Ports and Maritime Organization, which notified the Revolutionary Guard. IRNA reported that the Revolutionary Guard vessels directed the Stena Impero to an Iranian port for an investigation Friday, and that the crew remained on board the ship as per safety regulations. Iran's attempt to offer a "technical"...

Technology, temporary help keeps farmers on job longer

Jul 20, 2019

ALEXANDRIA, Ind. — Assistive technology, help from seasonal hires and family members, and a general improvement in the health of U.S. seniors in recent decades have helped farmers remain productive and stay on the job well into their 60s, 70s and beyond. In the U.S. last year, the median age for domestic farmers, ranchers and other agricultural managers was 56.4 years old. That's the highest median age of any major occupation tracked by the government's Current Population Survey for which data was available. Experts worry that without the older farmers, there might not be enough people interested in agriculture to...

Japan vows action if S. Korea hurts companies in trade row

Jul 20, 2019

TOKYO — Japan's foreign minister said Tokyo will take "necessary measures" against South Korea if interests of Japanese companies are harmed in an escalating dispute over World War II forced labor. The neighboring countries and U.S. allies are quarreling over South Korean court decisions ordering Japanese companies to compensate victims of forced labor during Japan's 1910-1945 colonial rule of the Korean Peninsula. Foreign Minister Taro Kono said Friday after summoning South Korean Ambassador Nam Gwan-pyo that Tokyo is prepared to take "necessary measures" to protect the interest of Japanese companies, without giving details. Their talks were held in an icy...

Service resuming after 7 New York City subway lines stopped

Jul 20, 2019

NEW YORK — About a third of New York City's subway lines were suspended for more than an hour during a hot Friday evening commute, stranding some passengers underground and sending others searching for alternate ways home. The stoppage affected the No. 1, 2, 3, 4, 5 and 6 trains that serve swaths of Manhattan, the Bronx and Brooklyn. It also halted the S shuttle train that links Grand Central Terminal and Times Square — two of the city's busiest stations. The Metropolitan Transportation Authority warned that there would still be "extensive delays" in the system, which serves more than...

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com