Organic Infant Formula Market: Application, Trends, Growth and Forecast Till 2028
Market Overview:
Infant formula is defined as food formula constituted purposely to feed
babies under the age of 12 months. Infant formula is artificially produced
alternative for mother’s milk. Organic infant formula is referred as infant
formula which is prepared abiding the regulations set by the government. The
ingredients used to create organic infant formula should be natural and
organic. Also, these formulation are certified and chemical-free that serves as
a healthier option for infants over the conventional infant formula.
Access Report Details @
https://www.marketresearchfuture.com/reports/organic-infant-formula-market-2807
Market Forecast:
The global organic infant formula market size is observing a remarkable
growth owing to factors such as rapid urbanization, and increasing working
women population. Factors such as increasing number of educated female
population, improved gender equality along with increasing entrepreneurial
opportunities for women has in turn intensified the sales of organic infant
formula products.
Moreover, increasing promotional activity by the retailers across the
region has uplifted the consumer demand for organic infant formula. The
one-stop shopping experience in most of the developed countries has created
beneficial opportunities for retailers and manufacturers to set up their
operations and supply to meet increasing consumer demands.
Furthermore, the growing demand for organically produced foods is
growing rapidly which is influencing higher demand and consumption of organic
infant formula. Also, government and non-government organizations support to
the conventional farmers to switch for organic farming is supporting the market
growth of organic infant formula.
However, high capital investment to set up the business, manufacturers
need to obtain the certifications from the government and other regulatory
bodies which is time consuming process, this will have a direct impact on the
bulk production of organic infant formula. Nevertheless, all these factors are
boosting the global organic infant formula market size to grow at the CAGR of
14.16% during the forecast period of 2017-2023.
Downstream Analysis:
Among the type, starting milk formula segment is anticipated to retain
its dominance throughout the forecast period. Also, the segment is projected to
register a healthy CAGR of 14.74% during the given period due to increase in
the demand of starting milk formula among the consumers in developing
economies. Starting milk formula is also getting support from the world health
organization (WHO) and food & agriculture organization (FAO) to minimize
the chances of malnutrition.
Among the formulation type of organic infant formula, powdered segment
is accounting for 55% followed by ready-to-feed formula accounting for 35% of
the global organic infant formula market size. The segment is projected to register a healthy CAGR of 13.94% during
the forecast period 2017-2023. Furthermore, the demand for ready-to-eat formula
in infant milk formulation is increasing the growth of the organic infant
formula market size.
Among the distribution channel, store based segment is anticipated to
retain its dominance throughout the forecast period. Also, the segment is
projected to register a healthy CAGR of 13.79% during the given period.
Competitive Analysis:
This report includes a study of strategies used in the market, mergers,
and acquisitions and multiple product launch by organic infant formula market
size players. It further includes product portfolios and developments of
leading players, which includes
- Abbott Nutrition
Manufacturing Inc. (U.S.)
- Holle baby food
GmbH (Switzerland)
- Bellamy's Organic
Pty Ltd. (Australia)
- Zuivelcoöperatie
Frieslandcampina U.A. (he Netherlands)
- Beingmate Baby
& Child Food Co., Ltd. (China)
- Hain Celestial
Group, Inc. (U.S.)
- HiPP GmbH &
Co. Vertrieb KG (Germany)
Major manufacturers are found to have high focus on strategic product
launch in order to seek consumer’s attention towards their product range. They
are also involved in the acquisition of small players which will further
support the company to expand and reach out to consumers across the regions.
Acquisitions are also done to mark the company’s presence and expand their
business line.
Region Analysis:
The global organic infant formula market size is segmented into North
America, Europe, Asia Pacific, and rest of the world (ROW). Among these, Asia
Pacific region is dominating the market over the forecast period. The market is
projected to grow at a CAGR of 16.00% during the review period. This is
attributed to high consumption of organic infant formula in this
region. Among the Asia Pacific countries, China is majorly driving the
market of organic infant formula in this region. However, rest of the world
including countries such as Latin America, Middle East, Africa and others is
expected to grow with a CAGR of 13.80% during the review period. In Asia
Pacific region, China is expected to hold 46% market share in the year 2017.
Market Segmentation:
The Global Organic infant formula market size is segmented by type,
formulation, distribution channel and region
Request a Sample Report @
https://www.marketresearchfuture.com/sample_request/2807
NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
Comments
Post a Comment