Global Baby Infant Formula Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 10.4% - ResearchAndMarkets.com
Jun. 13, 2018
DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--The "Baby Infant Formula Market by Type, Ingredient, and Distribution Channel - Global Opportunity Analysis And Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global baby infant formula market is expected to garner $39,541 million by 2023, from a value of $19,892 million in 2016, registering a CAGR of 10.4% from 2017 to 2023.
Infant formula is an acceptable alternative substitute for infant consumption, which attempts to mimic the nutritional composition of breast milk as closely as possible. Although physicians recommend breastmilk for optimal infant nutrition, it may not always be possible, suitable, or solely adequate. Enspire infant formula and toddler milk, and Similac infant formula and toddler milk are among various infant formulas available for healthy, full-term infants who are not breastfed or partially breastfed.
Increase in participation of women in labor force has led to rise in number of women working outside their houses, which is the major driver for growth of baby infant formula market. Infant formula presents an appealing alternative to working mothers for their babies as per the need and convenience. Rapid urbanization and growth of the middle-class population have led to changes in the lifestyle of individuals. The middle-class population is more affluent and can afford to spend more on their children, thus driving the market growth. Consumer perception of high nutritional content in the infant formula also supplements this growth.
The global baby infant formula market is segmented based on type, ingredient, distribution channel, and geography. Based on type, it is classified into infant milk, follow-on-milk, specialty baby milk, and growing-up milk. By, ingredient, it is divided into carbohydrate, fat, protein, minerals, vitamins, and others. Based on distribution channel, the market is categorized into hypermarkets, supermarkets, pharmacy/medical stores, specialty stores, hard discounter stores, and others.
Companies Mentioned:Abbott Laboratories Arla Foods Beingmate Group Co. Ltd. Campbell Soup Company D. SIGNSTORE Danone Heinz and Hain Celestial Group HiPP GmbH & Co Mead Johnson Nutrition Company, LLC Nestle S.A . Dana Dairy Group Ltd. Dano Food Freed Foods, Inc. Friesland Campina Holle baby food GmbH NANNYcare Ltd. Nature's One, Inc. Organix Brands Limited ORHEI-VIT Progress OAO
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Baby Infant Formula Market, by Type
5 Baby Infant Formula Market, by Ingredient
6 Baby Infant Formula Market, by Distribution Channel
7 Baby Infant Formula Market, by Geography
8 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/v88s5f/global_baby?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180613005457/en/
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Related Topics:Baby Food
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 06/13/2018 05:11 AM/DISC: 06/13/2018 05:11 AM