Description
Asia-Pacific Baby Infant Formula Market by Type (Infant Milk, Follow-on Milk, Specialty Baby Milk, and Growing-up Milk); By Ingredient (Carbohydrate, Fat, Protein, Minerals, Vitamins, and Others); By Distribution Channel (Hypermarket, Supermarket, Pharmacy/Medical Stores, Specialty Stores, Hard Discounter Store, E-commerce, and Others) and Region – Analysis of Market Size, Share & Trends for 2019 and Forecasts to 2030
Product Overview
Infant formula includes infant milk, specialized Baby milk, and milk for babies and toddlers. Baby milk also contains nutrients, minerals and vitamins required for Baby and young children’s general growth. Additionally, the doctor now recommends infant formula for breast milk feeding option. The formula for the infant refers to the diet of a Baby which is only provided to children on the basis that such formulae are a replication of the nutritional characteristics of human milk or are a complete or partial substitution for human milk.
Market highlights
Market share of the Baby formula for Asia-Pacific was projected at USD 13 billion in 2018, with an anticipated CAGR of 11% from 2019 to 2030 to reach USD 28 billion. Nutrition is among the most important factors influencing the development and growth of a kid. A differentiated selection of products from varying variety of infant formulas to child food products is included in the Baby formula market.
Asia-Pacific Baby Infant Formula market: Segments
Infant milk category is anticipated to stay dominant in the forecast period, based on type, and has led to the market share as regards Asia – Pacific Baby formula for 2018. This is attributable to the rise in the number of women in the workplace who want their baby’s mostly infant milk, since they cannot always have breastfeeding choices. In addition, a lot of women work again shortly after birth, which means that they want to feed their babies with substitutes such as formula milk.
Asia-Pacific Baby Infant Formula market: Market Dynamics
Drivers
Rise in the Acceptance of Recon Management
Increasing awareness about Baby formulas providing babies’ stable growth & development of infants, enhances cognitive performance & growth, protects them from allergies and promotes the gastro-intestinal health and immunity are major drivers of the growth of Baby formula markets in the Asia Pacific region.
Restraint
High costs
Global demand for infants’ formulas has been limited by strict rules on infant formula products and high prices on ready to eat infant formulas and milk formulas. Another factor that is anticipated to impede target market growth over the forecast period is the low period life of infant formulas. The research on breastfeeding that can reduce occurrence of meningitis, respiratory and gastrointestinal diseases, and disorders such as asthma and allergies in babies is rising.
Asia-Pacific Baby Infant Formula market: Key Players
• Abbott
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Arla Foods Amba
• Campbell Soups, Dana Dairy Group Ltd.
• Danone
• Nestle S.A.
• Reckitt Benckiser (Mead Johnson & Company LLC)
• Perrigo Company Plc
• Heinz Baby
• Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF)
• Other Prominent Players
The Asia-Pacific Baby Infant Formula market report also contains analysis on:
• Asia-Pacific Baby Infant Formula market Segments:
• By Type
Infant Milk
Follow-on Milk
Specialty Baby Milk
Growing-up Milk
• By Ingredient
Carbohydrate
Fat
Protein
Minerals
Vitamins
Others
• By Distribution Channel
Hypermarkets
Supermarkets
Pharmacy/Medical Store
Specialty Stores
Hard Discounter Store
E-commerce
Cross-border E-commerce
B2C
Others
• Asia-Pacific Baby Infant Formula market Dynamics
• Asia-Pacific Baby Infant Formula market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
