As stated in a new market research report published by Credence Research “Infant Formula Market (Protein Source – Cow Milk Protein-based, Soy-based, Hypoallergenic and Specialized Infant Formula) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”, the global infant formula market was valued at US$ 9.40 Bn in 2015 and is estimated to expand with a CAGR of 6.7% from 2016 to 2023.
Market Insights:
The infant formula market is highly driven by the rising ratio of females in workforce worldwide. People are more inclined towards purchasing baby care products that are convenient and also ensure baby nutrition. Thus, further rise in female workforce may substantially fuel the market growth especially in the developing economies. Another major factor propelling the market growth is the rising discretionary income of people worldwide. Manufacturers are more focused towards designing nutrition-rich products and offering organic infant formula products. With the rising purchasing power of people worldwide, such infant formula products are expected to witness warm demand in the coming years.
However, major factor affecting the market growth is the regulations supporting breastfeeding and controversies over infant formula products. The market has been facing the hurdles of controversies over infant formula products since several years. Organizations such as WHO and UNICEF highly recommend and promote breastfeeding over its substitutes in order to ensure infant health. Infant formula products are recommended only in cases where breastfeeding is not possible. This acts as a major challenge for the market.
Competitive Insights:
The global infant formula market is consolidated and regulated in nature with a few major international players contributing to more than fifty percent of the total market revenue. The most significant concern for the market players is to comply with the standards issued by various food regulatory bodies worldwide. Thus, market players majorly compete upon the quality of their products thereby designing nutritious infant formula products causing no harm to the babies.
Apart from product development and brand-name, infant formula providers focus on attractive packaging of their products. Attractive packaging plays crucial role in case of baby products as it largely helps driving the consumers. This makes attractive packaging is one of the most important strategies adopted by the infant formula manufacturers. Another major trend among the companies is the promotion of breastfeeding over infant formula at least for the first six months of babies.
Key Trends:
- Organic baby food products for better health
- High focus on quality in order to meet food standards
- Focus on India and China by launching price competitive products
- Online product promotion
- Brand-name promotion
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ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Infant Formula Market
2.2 Global Infant Formula Market, By Protein Source
2.3 Global Infant Formula Market, By Distribution Channel
2.4 Global Infant Formula Market, By Geography
2.1 Market Snapshot: Global Infant Formula Market
2.2 Global Infant Formula Market, By Protein Source
2.3 Global Infant Formula Market, By Distribution Channel
2.4 Global Infant Formula Market, By Geography
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Infant Formula Market Revenue, 2014 – 2023, (US$ Bn)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Impact Analysis of Market Drivers and Inhibitors
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Consumer Behavior Analysis: Infant Formula Market
3.7 Key Regulations: Infant Formula Market
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Vendors
3.1 Product Insights and Market Overview
3.1.1 Global Infant Formula Market Revenue, 2014 – 2023, (US$ Bn)
3.2 Key Market Trends and Future Outlook
3.3 Market Drivers
3.4 Market Growth Inhibitors
3.5 Impact Analysis of Market Drivers and Inhibitors
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Consumer Behavior Analysis: Infant Formula Market
3.7 Key Regulations: Infant Formula Market
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Vendors
Chapter 4 Global Infant Formula Market Analysis, By Protein Source
4.1 Market Analysis
4.2 Cow Milk Protein-based Formula
4.3 Soy Protein-based Formula…
4.1 Market Analysis
4.2 Cow Milk Protein-based Formula
4.3 Soy Protein-based Formula…
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