The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global Infant Formula Testing Market Research Report 2024
Synopsis
Infant formula are amongst the most heavily regulated and tested food products in the world and come with rigorously checked nutritional labelling to ensure they are what they say they are.
The global Infant Formula Testing market was valued at US$ 865 million in 2023 and is anticipated to reach US$ 1288.3 million by 2030, witnessing a CAGR of 6.7% during the forecast period 2024-2030.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
This report aims to provide a comprehensive presentation of the global market for Infant Formula Testing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Infant Formula Testing.
Report Scope
The Infant Formula Testing market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Infant Formula Testing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Infant Formula Testing companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Agilent Technologies, Inc.
Covance Inc.
Thermo Fisher Scientific Inc.
Silliker Inc.
Accugen Laboratories, Inc.
Intertek Group PLC
Eurofins Central Analytical Laboratories
ELISA Technologies, Inc.
Bureau Veritas S.A.
SGS SA
Segment by Type
NMR Spectroscopy
Chromatography
Mass Spectrometry
Polymerase Chain Reaction
Immunoassay
Others
Segment by Application
Allergens Testing
Adulteration testing
Nutritional Analysis
Microbiology Testing
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Infant Formula Testing companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Infant formula are amongst the most heavily regulated and tested food products in the world and come with rigorously checked nutritional labelling to ensure they are what they say they are.
The global Infant Formula Testing market was valued at US$ 865 million in 2023 and is anticipated to reach US$ 1288.3 million by 2030, witnessing a CAGR of 6.7% during the forecast period 2024-2030.
According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.
This report aims to provide a comprehensive presentation of the global market for Infant Formula Testing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Infant Formula Testing.
Report Scope
The Infant Formula Testing market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Infant Formula Testing market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Infant Formula Testing companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Agilent Technologies, Inc.
Covance Inc.
Thermo Fisher Scientific Inc.
Silliker Inc.
Accugen Laboratories, Inc.
Intertek Group PLC
Eurofins Central Analytical Laboratories
ELISA Technologies, Inc.
Bureau Veritas S.A.
SGS SA
Segment by Type
NMR Spectroscopy
Chromatography
Mass Spectrometry
Polymerase Chain Reaction
Immunoassay
Others
Segment by Application
Allergens Testing
Adulteration testing
Nutritional Analysis
Microbiology Testing
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Infant Formula Testing companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Infant Formula Testing Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 NMR Spectroscopy
1.2.3 Chromatography
1.2.4 Mass Spectrometry
1.2.5 Polymerase Chain Reaction
1.2.6 Immunoassay
1.2.7 Others
1.3 Market by Application
1.3.1 Global Infant Formula Testing Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Allergens Testing
1.3.3 Adulteration testing
1.3.4 Nutritional Analysis
1.3.5 Microbiology Testing
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Infant Formula Testing Market Perspective (2019-2030)
2.2 Infant Formula Testing Growth Trends by Region
2.2.1 Global Infant Formula Testing Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Infant Formula Testing Historic Market Size by Region (2019-2024)
2.2.3 Infant Formula Testing Forecasted Market Size by Region (2025-2030)
2.3 Infant Formula Testing Market Dynamics
2.3.1 Infant Formula Testing Industry Trends
2.3.2 Infant Formula Testing Market Drivers
2.3.3 Infant Formula Testing Market Challenges
2.3.4 Infant Formula Testing Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Infant Formula Testing Players by Revenue
3.1.1 Global Top Infant Formula Testing Players by Revenue (2019-2024)
3.1.2 Global Infant Formula Testing Revenue Market Share by Players (2019-2024)
3.2 Global Infant Formula Testing Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Infant Formula Testing Revenue
3.4 Global Infant Formula Testing Market Concentration Ratio
3.4.1 Global Infant Formula Testing Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Infant Formula Testing Revenue in 2023
3.5 Infant Formula Testing Key Players Head office and Area Served
3.6 Key Players Infant Formula Testing Product Solution and Service
3.7 Date of Enter into Infant Formula Testing Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Infant Formula Testing Breakdown Data by Type
4.1 Global Infant Formula Testing Historic Market Size by Type (2019-2024)
4.2 Global Infant Formula Testing Forecasted Market Size by Type (2025-2030)
5 Infant Formula Testing Breakdown Data by Application
5.1 Global Infant Formula Testing Historic Market Size by Application (2019-2024)
5.2 Global Infant Formula Testing Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Infant Formula Testing Market Size (2019-2030)
6.2 North America Infant Formula Testing Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Infant Formula Testing Market Size by Country (2019-2024)
6.4 North America Infant Formula Testing Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Infant Formula Testing Market Size (2019-2030)
7.2 Europe Infant Formula Testing Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Infant Formula Testing Market Size by Country (2019-2024)
7.4 Europe Infant Formula Testing Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Infant Formula Testing Market Size (2019-2030)
8.2 Asia-Pacific Infant Formula Testing Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Infant Formula Testing Market Size by Region (2019-2024)
8.4 Asia-Pacific Infant Formula Testing Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Infant Formula Testing Market Size (2019-2030)
9.2 Latin America Infant Formula Testing Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Infant Formula Testing Market Size by Country (2019-2024)
9.4 Latin America Infant Formula Testing Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Infant Formula Testing Market Size (2019-2030)
10.2 Middle East & Africa Infant Formula Testing Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Infant Formula Testing Market Size by Country (2019-2024)
10.4 Middle East & Africa Infant Formula Testing Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Agilent Technologies, Inc.
11.1.1 Agilent Technologies, Inc. Company Detail
11.1.2 Agilent Technologies, Inc. Business Overview
11.1.3 Agilent Technologies, Inc. Infant Formula Testing Introduction
11.1.4 Agilent Technologies, Inc. Revenue in Infant Formula Testing Business (2019-2024)
11.1.5 Agilent Technologies, Inc. Recent Development
11.2 Covance Inc.
11.2.1 Covance Inc. Company Detail
11.2.2 Covance Inc. Business Overview
11.2.3 Covance Inc. Infant Formula Testing Introduction
11.2.4 Covance Inc. Revenue in Infant Formula Testing Business (2019-2024)
11.2.5 Covance Inc. Recent Development
11.3 Thermo Fisher Scientific Inc.
11.3.1 Thermo Fisher Scientific Inc. Company Detail
11.3.2 Thermo Fisher Scientific Inc. Business Overview
11.3.3 Thermo Fisher Scientific Inc. Infant Formula Testing Introduction
11.3.4 Thermo Fisher Scientific Inc. Revenue in Infant Formula Testing Business (2019-2024)
11.3.5 Thermo Fisher Scientific Inc. Recent Development
11.4 Silliker Inc.
11.4.1 Silliker Inc. Company Detail
11.4.2 Silliker Inc. Business Overview
11.4.3 Silliker Inc. Infant Formula Testing Introduction
11.4.4 Silliker Inc. Revenue in Infant Formula Testing Business (2019-2024)
11.4.5 Silliker Inc. Recent Development
11.5 Accugen Laboratories, Inc.
11.5.1 Accugen Laboratories, Inc. Company Detail
11.5.2 Accugen Laboratories, Inc. Business Overview
11.5.3 Accugen Laboratories, Inc. Infant Formula Testing Introduction
11.5.4 Accugen Laboratories, Inc. Revenue in Infant Formula Testing Business (2019-2024)
11.5.5 Accugen Laboratories, Inc. Recent Development
11.6 Intertek Group PLC
11.6.1 Intertek Group PLC Company Detail
11.6.2 Intertek Group PLC Business Overview
11.6.3 Intertek Group PLC Infant Formula Testing Introduction
11.6.4 Intertek Group PLC Revenue in Infant Formula Testing Business (2019-2024)
11.6.5 Intertek Group PLC Recent Development
11.7 Eurofins Central Analytical Laboratories
11.7.1 Eurofins Central Analytical Laboratories Company Detail
11.7.2 Eurofins Central Analytical Laboratories Business Overview
11.7.3 Eurofins Central Analytical Laboratories Infant Formula Testing Introduction
11.7.4 Eurofins Central Analytical Laboratories Revenue in Infant Formula Testing Business (2019-2024)
11.7.5 Eurofins Central Analytical Laboratories Recent Development
11.8 ELISA Technologies, Inc.
11.8.1 ELISA Technologies, Inc. Company Detail
11.8.2 ELISA Technologies, Inc. Business Overview
11.8.3 ELISA Technologies, Inc. Infant Formula Testing Introduction
11.8.4 ELISA Technologies, Inc. Revenue in Infant Formula Testing Business (2019-2024)
11.8.5 ELISA Technologies, Inc. Recent Development
11.9 Bureau Veritas S.A.
11.9.1 Bureau Veritas S.A. Company Detail
11.9.2 Bureau Veritas S.A. Business Overview
11.9.3 Bureau Veritas S.A. Infant Formula Testing Introduction
11.9.4 Bureau Veritas S.A. Revenue in Infant Formula Testing Business (2019-2024)
11.9.5 Bureau Veritas S.A. Recent Development
11.10 SGS SA
11.10.1 SGS SA Company Detail
11.10.2 SGS SA Business Overview
11.10.3 SGS SA Infant Formula Testing Introduction
11.10.4 SGS SA Revenue in Infant Formula Testing Business (2019-2024)
11.10.5 SGS SA Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
