Market Overview:
Infant Milk Formula is used to feed babies and infant under 12 months of age. Infant Milk formula basically used for bottle feeding and cup feeding to babies. There are number of manufacturers in the market, as a result of which ingredients of proteins vary in each milk formula. Majorly whey and casein of Cow’s milk is used as a source of protein, lactose as an ingredient for carbohydrate and some vitamin mineral source are added. It is soft and easily consumed food.
Increase in participation of women in labour force across the developed and developing economies have increased adoption of Infant Milk formula for the infants and toddlers. As a result, women faces limitation in breast feeding the babies. In other cases, due to some reason, the women might not be able to produce breast milk. Considering the limitations attached to breast feeding due to work culture and physical problems, the physicians also recommend Infant Milk Formula, as it is healthy and nutritional. Certain Infant Milk Formula also contains pro-biotics which helps in providing immunity against disease such as diarrhea. Thus, it enhances confidence in the end user also to consider Infant Milk Formula as a best substitute for their toddler.
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Though it is the concern of World Health Organization to only breast feed babies up to period of first 6 months, manufacturers are improving the quality of the infant milk formula and the ingredients such as DHA, AHA, Iron and other nutritional contents adds to building immunity in the child. Thus, Infant milk formula is a best substitute for breast milk for infants as it has all major ingredients such as vitamin, minerals, carbohydrates, protein and lactose which are also the contents in breast fed milk.
Global Infant Milk Formula Market : Key Players
Behdashtkar
Nutridar Company Plc
Ausnutria Hyproca B.V.
Saudi Centre Group
Abbott Laboratories
RIRI Baby Food Co
Groupe Danone
Aspen Pharmacare Holdings Limited.
Almarai
Lacto Misr
Nestlé S.A.
Market Segmentation:
Global Infant Milk Formula caters wide segments based on type and application. Segments based on type of Infant milk formula includes 3 varieties such as Starting Milk Formula, Follow on Milk Formula and Toddlers milk formula. Based on Application or market size, the milk formula are available at Specialty stores, retail hub, online and offline markets, chemist store, drugstore, hyper market and super markets.
Regional Analysis:
Considering the market concentration for Infant Milk Formula globally, Germany is the largest growing market. The main driving factor being almost majority of women are either working full time or part time. The Key regions across the globe catering to the growth of Global Infant Milk Formula Market are United States, Mexico and Canada in North America; Germany, United Kingdom, France, Italy, Spain in Europe; China, Japan, India, Australia, South Korea in Asia Pacific; Central America, Brazil and Argentina in South America; GCC Countries and South Africa in Middle East and Africa.
Industry News:
The Global Infant Milk Formula is estimated to rise at a CAGR of 9.35 percent between the forecast period i.e. 2017 to 2025. It is expected to reach 41.18 billion USD by 2025. Increase of women in employment across key geographical regions is the major driving factor for the Global Infant Milk Formula market.
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