Description
China Baby Formula Market Overview
Product Overview
Infant formula is the closest replacement for an infant’s maternal breast milk. A mixture of dairy & other dietary ingredients makes baby formula. Infant formula is typically produced to feed infants under the age of 12 months to help them in promoting healthy growth and maintaining good health.
Baby formula is mixed by mixing powder and liquid for bottle-feeding or cup-feeding. The making of a formula for infants follows a certain protocol. The most basic steps involved in producing baby milk are liquid preparation from skim milk and mixture of ingredients, then the processing of the mixture is finished, followed by powder preparation and packaging of that powdered baby formula.
Market Highlights
China Baby Formula Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. The Chinese infant formula market is expected to rise due to many growth drivers including high female workforce share, growing middle class & dual-income families as well as increasing premium nutrition expenditure.
China is a major contributor to the global baby formula market and is driven by a growing population in China following the Chinese government’s abolition of the one-child policy in 2013, and a rise in middle-class income.
China Baby Formula Market: Segments
The infant milk segment is anticipated to register XX% of the market share during the forecasted period.
By product the market can be segmented into infant milk, follow up milk, specialty baby milk and growing up milk. Infant milk is expected to account for the largest market share due to an increase in physician’s preference to use infant milk as a replacement for breastfeeding, as it is a safe and nutritious alternative along with greater convenience.
Infant milk is also high in iron and helps avoid anemia. Specific baby milks are fortified with probiotics, which help avoid diarrhea, relieve colic and reduce the risk of allergies to food.
China Baby Formula: Market Dynamics
High female workforce and lifestyle changes to increase market growth
The Chinese infant formula market is expected to rise due to many growth drivers including high female workforce share, growing middle class & dual-income families as well as increasing premium nutrition expenditure.
Food safety concerns and low birth rate to hinder the market growth in China
Declining number of births of new born in China and foreign brands dominating the market of baby formula are factors likely to hamper the growth. Additionally, concerns related to food safety are also a major factor restricting the growth of the baby formula market in China.
China Baby Formula Market: Regions
In terms of value and volume, China accounted for XX% of total market volume share in 2019
Because of the existence of a large population under the age of 0 to 4 years, China is projected to be the largest revenue contributor to the global market. Rise in female labor force participation, increased disposable income, a busy lifestyle and high living standards in countries like China, is also expected to act as driving factors in the baby formula market.
The region segment can be further divided into five major types including North China, South China, East China and West China
China Baby Formula Market: Competitive landscape
Some factors that improve the role in the market of the key players within the China Baby Formula Market have been the improvement in healthcare facilities among key players and the increase in the standard of living of people coupled with the growth in preference for infant formula.
China Baby Formula Market: Key players
• Nestle
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
• Danone
• Abbott Laboratories
• Feihe International Inc.
• Other prominent players
• Other prominent players
The China Baby Formula Market report also contains analysis on:
China Baby Formula Market segments: –
• By Type:
o Infant Milk
o Follow-on-Milk
o Specialty Baby Milk
o Growing-up Milk
• By Distribution channel:
o Hypermarkets
o Supermarkets
o Pharmacies
o Specialty Stores
o Hard Discounter Stores
o Others
• China Baby Formula Market dynamics
• China Baby Formula Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
