Skip to main content

Infant Formula Market to increase at CAGR of 10.1% through 2026.

Press Release   •   Jan 11, 2017 06:30 EST

Demand for infant formula is expected to reach US$ 24.5 billion in 2016, a growth of 9.3% from 2015. While the market in North America and Western Europe will grow at 5.9% and 7.1% respectively, growth will be strong in developing regions, with APEJ and MEA growing at 11.8% and 10.1% in 2016.

Increasing participation of women in the workforce will continue to positively influence the market. Availability of baby formula with natural or organic ingredients are offering women the opportunity of returning to their jobs without compromising on their desires of providing healthy and nutritious foods to their babies.

By product type, starting milk formula will remain the most attractive segment, growing by 9.7% in 2016 to reach US$ 11,632.2 Mn in revenues. While birth rates continue to decline globally, the number of births remains high in developing countries, which will continue to offer growth opportunities to manufacturers catering to this segment.

Request for sample report:http://www.futuremarketinsights.com/reports/sample/rep-gb-838

Sales will remain strong through pharmacies, with this distribution segment accounting for 75.8% revenue share of the market in 2016, up from 75.7% in 2015. Pharmacy segment will grow by 9.4% in 2016, whereas supermarkets, the second largest distribution channel, will grow by 8.7%.

Asia Pacific Excluding Japan (APEJ) will continue to be the largest market for infant formula in 2016, representing 46.0% revenue share of the market. China will continue to dominate the APEJ infant formula market, accounting for nearly 90% revenue share of the market in 2016. Developing countries in APEJ will be key to volume sales of infantformula, whereas US, Canada, and Western Europe will continue to contribute to value sales.

Nestlé S.A., Groupe Danone, Abbott Nutrition, Mead Johnson Nutrition, The Kraft Heinz Company, Meiji Holdings Co. Ltd, Beingmate Baby & Child Food Co. Ltd., Synutra International, Inc., Pfizer Inc., FrieslandCampina are some of the market leaders identified across the value chain in the global infant formula market landscape. The global infant formula market is highly consolidated, with the top five players Nestle S.A., Groupe Danone, Abbott Nutrition, Mead Johnson Nutrition and The Kraft Heinz Company accounting for around 60% share of the global market. Leading companies are focusing on expanding their production capacity and launching new product offerings to consolidate their position.

Send an Enquiry: http://www.futuremarketinsights.com/askus/rep-gb-838

Long-term outlook: According to FMI’s analysis, the global infant formula market is expected to expand at a CAGR of 10.1% through 2026 and surpass US$ 64 billion in revenues. 

Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.

Contact

3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

Comments (0)

Add comment

Comment