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

Mexico to stop forgiving taxes for big payers

May 20, 2019

MEXICO CITY — Mexico President Andrés Manuel López Obrador says that the government is ending tax forgiveness, which for years had been a gift to the country's biggest taxpayers. According to the government, the pardons were abused under the previous administrations of Felipe Calderón and Enrique Peña Nieto to the tune of more than $15.5 billion uncollected since 2007. López Obrador says the richest in some cases didn't pay taxes or what they paid was returned. He signed the decree Monday. More than 150,000 taxpayers benefited from it, but just 108 of them accounted for 54% of the forgiven taxes....

Reports: Iran quadruples production of low-enriched uranium

May 20, 2019

TEHRAN, Iran — Iran has quadrupled its production of low-enriched uranium amid tensions with the U.S. over Tehran's unraveling nuclear accord, two semi-official news agencies reported Monday, an announcement just after President Donald Trump warned Iran it would face its "official end" if it threatened America again. While the reports said the production is of uranium enriched only to the 3.67% limit set by the 2015 nuclear deal that Tehran reached with world powers, it means that Iran soon will go beyond the stockpile limitations established by the accord. This follows days of heightened tensions sparked by the Trump administration's...

South Korea vows to send aid to North quickly, may send food

May 20, 2019

SEOUL, South Korea — South Korea vowed Monday to move quickly on plans to provide $8 million worth of medical and nutritional aid for North Korean children through U.N. agencies while it also considers sending broader food aid to the country, which says it is suffering its worst drought in decades. Lee Sang-min, spokesman for Seoul's Unification Ministry, said the government will discuss its plans with the World Food Program and the United Nations Children's Fund, through which the aid would be provided, so it reaches North Korean children and pregnant women quickly. South Korea is also trying to build...

Vaccine rates rise on long-wary 'hippie' island near Seattle

May 20, 2019

VASHON ISLAND, Wash. — Sarah Day is a school nurse with "street cred" when it comes to the polarizing issue of vaccines on an idyllic island in Washington state known for its rural beauty, counterculture lifestyle and low immunization rates. Since she began communal living on Vashon Island more than 20 years ago, the registered nurse has been advocating for getting kids their shots against a loud contingent of anti-vaccine parents in the close-knit community of about 11,000 that's accessible only by ferry, a serene 20-minute ride from Seattle. And it may now be working, thanks to a "perfect storm"...

Trump's EPA shifts more environmental enforcement to states

May 20, 2019

BOKOSHE, Okla. — A small town in Oklahoma is warning communities about the Trump administration's environmental policies. Residents of Bokoshe (bo-KOSH-eee) have been worried for years about coal-ash contamination from a power plant that burns the high-sulfur coal mined near the community southeast of Tulsa. Townspeople regard the Environmental Protection Agency as the only source of serious environmental enforcement. Now the EPA has approved Oklahoma to be the first state to take over enforcement on coal-ash sites. The EPA is delegating more enforcement to states. The administration says local officials know best how to deal with local problems. Critics say...

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