Sales of Infant Formula to Experience Significant Growth Amid Emergence of Organic and Clean-Label Trends

VALLEY COTTAGE, N.Y. –Parents seeking additional nutrition sources for their babies, inability of several mothers to lactate, and rise in the number of women joining workforce post giving birth are driving the growth of the infant formula market. The global infant formula market size is projected to grow at a CAGR of 10% during the forecast period 2019-2029, and reach US$ 64 Bn by 2029, according to Future Market Insights. With a growing number of doctors recommending and campaigns promoting breastfeeding, infant formula is constantly evolving to offer similar nutrient content.

“The infant formula market is a seeing a movement towards premiumization, amid growing demand for ‘free-from’ special products such as organic and hypo-allergenic milk formula. Health benefits of these products are further expected to encourage mothers and healthcare professional who favor breastfeeding as a suitable alternative for regular use,” says FMI analyst.

Download the sample copy of Report with table of contents and Figures @https://www.futuremarketinsights.com/reports/sample/rep-gb-838

Organic
and Clean-Label Infant Formula: Aligning with Superfood Trend

In recent times, consumers are
more particular and serious about choosing nutritious baby food without artificial
or chemical additives for their infants. The trend of clean label and
increasing consumers’ inquisitiveness about food and their sources are
impacting the baby formula landscape. Today, parents are increasingly inclining
towards organic baby food which offers similar nutritional benefits as breast
milk. Furthermore, involvement of both governmental and non-governmental bodies
in promoting organic infant formula over their conventional counterparts is
augmenting the demand.

Starting Milk Formula Accounts for Half of the Revenue Share

Numerous new players are entering the infant formula market with new breakthroughs in improving health properties of the product. In order to stand out, leading players are innovating their products for every stage of infants’ growth. Accounting for nearly 50% of total sales, starting milk formula remains the most consumed product. On the other hand, demand for follow-on milk formula is expected to rise significantly, registering a CAGR of 9.6% through 2029. Moreover, premiumization is expected to remain key focus area of manufacturers, propelled by need to mimic breast milk and cover all nutritional requirements of infants.

Preview Of 2019 Analysis and Review of Infant Formula Market by Product – Starting Milk Formula, Follow-On Milk Formula, Toddler’s Milk Formula, and Special Milk Formula for 2019 – 2026:https://www.futuremarketinsights.com/reports/infant-formula-market

Pharmacy
Stores Holds over 3/4th Sales

Pharmacy stores are rapidly
proliferating in a global marketplace. Sales of infant formula through pharmacy
stores are significantly contributing to the market revenue. In addition, it is
also observed that online stores are projected to grow at a notable CAGR of 11%
over the forecast period. Rapidly growing e-commerce industry is expected to
create growth opportunities for the potential players in the following years.
Growing supermarket penetration at a global platform ensures product
availability to the customers will fuel up the infant formula market size during
the forecast period.

APEJ Takes the Lead

By the end of 2029, APEJ is expected to hold the largest share in the infant formula market. China and India will remain the largest consumers of infant formula products. In the current scenario, the prohibition of the one-child policy in China and the rapidly growing population in India is boosting the infant formula sales. This will eventually boost the local production of the product by catering to approximately half of the country’s demand. North America’s market is expected to grow significantly over the forecast period, due to rising potential of parents to purchase premium infant formula products.

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-838

More from Food and Beverages Market Insights:

About Us

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

Contact Us

Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press Office: Press@futuremarketinsights.com
Website: https:www.futuremarketinsights.com

FMI Blog

Leave a Reply

Your email address will not be published. Required fields are marked *