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Global Infant Milk Formula Market Research Report 2024
Synopsis
Infant Milk Formula is a type of food used for feeding babies below the age of 1 year.
The global Infant Milk Formula market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % 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 Milk Formula, 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 Milk Formula.
Report Scope
The Infant Milk Formula market size, estimations, and forecasts are provided in terms of sales volume (MT) and 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 Milk Formula 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 Milk Formula manufacturers, 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
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.
Segment by Type
Starting Milk formula
Follow-on Milk Formula
Toddlers Milk Formula
Segment by Application
Specialty Store
Supermarkets
Online Retail
Chemist/Pharmacies/Drugstore
Others
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, 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: Detailed analysis of Infant Milk Formula manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Infant Milk Formula in regional level and country level. 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 market size of each country in the world.
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: 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 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Infant Milk Formula is a type of food used for feeding babies below the age of 1 year.
The global Infant Milk Formula market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % 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 Milk Formula, 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 Milk Formula.
Report Scope
The Infant Milk Formula market size, estimations, and forecasts are provided in terms of sales volume (MT) and 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 Milk Formula 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 Milk Formula manufacturers, 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
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.
Segment by Type
Starting Milk formula
Follow-on Milk Formula
Toddlers Milk Formula
Segment by Application
Specialty Store
Supermarkets
Online Retail
Chemist/Pharmacies/Drugstore
Others
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, 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: Detailed analysis of Infant Milk Formula manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Infant Milk Formula in regional level and country level. 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 market size of each country in the world.
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: 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 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
Index1 Infant Milk Formula Market Overview
1.1 Product Overview and Scope of Infant Milk Formula
1.2 Infant Milk Formula Segment by Type
1.2.1 Global Infant Milk Formula Market Value Comparison by Type (2024-2030)
1.2.2 Starting Milk formula
1.2.3 Follow-on Milk Formula
1.2.4 Toddlers Milk Formula
1.3 Infant Milk Formula Segment by Application
1.3.1 Global Infant Milk Formula Market Value by Application: (2024-2030)
1.3.2 Specialty Store
1.3.3 Supermarkets
1.3.4 Online Retail
1.3.5 Chemist/Pharmacies/Drugstore
1.3.6 Others
1.4 Global Infant Milk Formula Market Size Estimates and Forecasts
1.4.1 Global Infant Milk Formula Revenue 2019-2030
1.4.2 Global Infant Milk Formula Sales 2019-2030
1.4.3 Global Infant Milk Formula Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 Infant Milk Formula Market Competition by Manufacturers
2.1 Global Infant Milk Formula Sales Market Share by Manufacturers (2019-2024)
2.2 Global Infant Milk Formula Revenue Market Share by Manufacturers (2019-2024)
2.3 Global Infant Milk Formula Average Price by Manufacturers (2019-2024)
2.4 Global Infant Milk Formula Industry Ranking 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Infant Milk Formula, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Infant Milk Formula, Product Type & Application
2.7 Infant Milk Formula Market Competitive Situation and Trends
2.7.1 Infant Milk Formula Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Infant Milk Formula Players Market Share by Revenue
2.7.3 Global Infant Milk Formula Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Infant Milk Formula Retrospective Market Scenario by Region
3.1 Global Infant Milk Formula Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global Infant Milk Formula Global Infant Milk Formula Sales by Region: 2019-2030
3.2.1 Global Infant Milk Formula Sales by Region: 2019-2024
3.2.2 Global Infant Milk Formula Sales by Region: 2025-2030
3.3 Global Infant Milk Formula Global Infant Milk Formula Revenue by Region: 2019-2030
3.3.1 Global Infant Milk Formula Revenue by Region: 2019-2024
3.3.2 Global Infant Milk Formula Revenue by Region: 2025-2030
3.4 North America Infant Milk Formula Market Facts & Figures by Country
3.4.1 North America Infant Milk Formula Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America Infant Milk Formula Sales by Country (2019-2030)
3.4.3 North America Infant Milk Formula Revenue by Country (2019-2030)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Infant Milk Formula Market Facts & Figures by Country
3.5.1 Europe Infant Milk Formula Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe Infant Milk Formula Sales by Country (2019-2030)
3.5.3 Europe Infant Milk Formula Revenue by Country (2019-2030)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Infant Milk Formula Market Facts & Figures by Country
3.6.1 Asia Pacific Infant Milk Formula Market Size by Country: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific Infant Milk Formula Sales by Country (2019-2030)
3.6.3 Asia Pacific Infant Milk Formula Revenue by Country (2019-2030)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Infant Milk Formula Market Facts & Figures by Country
3.7.1 Latin America Infant Milk Formula Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America Infant Milk Formula Sales by Country (2019-2030)
3.7.3 Latin America Infant Milk Formula Revenue by Country (2019-2030)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Infant Milk Formula Market Facts & Figures by Country
3.8.1 Middle East and Africa Infant Milk Formula Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa Infant Milk Formula Sales by Country (2019-2030)
3.8.3 Middle East and Africa Infant Milk Formula Revenue by Country (2019-2030)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 U.A.E
4 Segment by Type
4.1 Global Infant Milk Formula Sales by Type (2019-2030)
4.1.1 Global Infant Milk Formula Sales by Type (2019-2024)
4.1.2 Global Infant Milk Formula Sales by Type (2025-2030)
4.1.3 Global Infant Milk Formula Sales Market Share by Type (2019-2030)
4.2 Global Infant Milk Formula Revenue by Type (2019-2030)
4.2.1 Global Infant Milk Formula Revenue by Type (2019-2024)
4.2.2 Global Infant Milk Formula Revenue by Type (2025-2030)
4.2.3 Global Infant Milk Formula Revenue Market Share by Type (2019-2030)
4.3 Global Infant Milk Formula Price by Type (2019-2030)
5 Segment by Application
5.1 Global Infant Milk Formula Sales by Application (2019-2030)
5.1.1 Global Infant Milk Formula Sales by Application (2019-2024)
5.1.2 Global Infant Milk Formula Sales by Application (2025-2030)
5.1.3 Global Infant Milk Formula Sales Market Share by Application (2019-2030)
5.2 Global Infant Milk Formula Revenue by Application (2019-2030)
5.2.1 Global Infant Milk Formula Revenue by Application (2019-2024)
5.2.2 Global Infant Milk Formula Revenue by Application (2025-2030)
5.2.3 Global Infant Milk Formula Revenue Market Share by Application (2019-2030)
5.3 Global Infant Milk Formula Price by Application (2019-2030)
6 Key Companies Profiled
6.1 Behdashtkar
6.1.1 Behdashtkar Corporation Information
6.1.2 Behdashtkar Description and Business Overview
6.1.3 Behdashtkar Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Behdashtkar Infant Milk Formula Product Portfolio
6.1.5 Behdashtkar Recent Developments/Updates
6.2 Nutridar Company Plc
6.2.1 Nutridar Company Plc Corporation Information
6.2.2 Nutridar Company Plc Description and Business Overview
6.2.3 Nutridar Company Plc Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Nutridar Company Plc Infant Milk Formula Product Portfolio
6.2.5 Nutridar Company Plc Recent Developments/Updates
6.3 Ausnutria Hyproca B.V.
6.3.1 Ausnutria Hyproca B.V. Corporation Information
6.3.2 Ausnutria Hyproca B.V. Description and Business Overview
6.3.3 Ausnutria Hyproca B.V. Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Ausnutria Hyproca B.V. Infant Milk Formula Product Portfolio
6.3.5 Ausnutria Hyproca B.V. Recent Developments/Updates
6.4 Saudi Centre Group
6.4.1 Saudi Centre Group Corporation Information
6.4.2 Saudi Centre Group Description and Business Overview
6.4.3 Saudi Centre Group Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Saudi Centre Group Infant Milk Formula Product Portfolio
6.4.5 Saudi Centre Group Recent Developments/Updates
6.5 Abbott Laboratories
6.5.1 Abbott Laboratories Corporation Information
6.5.2 Abbott Laboratories Description and Business Overview
6.5.3 Abbott Laboratories Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Abbott Laboratories Infant Milk Formula Product Portfolio
6.5.5 Abbott Laboratories Recent Developments/Updates
6.6 RIRI Baby Food Co
6.6.1 RIRI Baby Food Co Corporation Information
6.6.2 RIRI Baby Food Co Description and Business Overview
6.6.3 RIRI Baby Food Co Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.6.4 RIRI Baby Food Co Infant Milk Formula Product Portfolio
6.6.5 RIRI Baby Food Co Recent Developments/Updates
6.7 Groupe Danone
6.6.1 Groupe Danone Corporation Information
6.6.2 Groupe Danone Description and Business Overview
6.6.3 Groupe Danone Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Groupe Danone Infant Milk Formula Product Portfolio
6.7.5 Groupe Danone Recent Developments/Updates
6.8 Aspen Pharmacare Holdings Limited.
6.8.1 Aspen Pharmacare Holdings Limited. Corporation Information
6.8.2 Aspen Pharmacare Holdings Limited. Description and Business Overview
6.8.3 Aspen Pharmacare Holdings Limited. Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Aspen Pharmacare Holdings Limited. Infant Milk Formula Product Portfolio
6.8.5 Aspen Pharmacare Holdings Limited. Recent Developments/Updates
6.9 Almarai
6.9.1 Almarai Corporation Information
6.9.2 Almarai Description and Business Overview
6.9.3 Almarai Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Almarai Infant Milk Formula Product Portfolio
6.9.5 Almarai Recent Developments/Updates
6.10 Lacto Misr
6.10.1 Lacto Misr Corporation Information
6.10.2 Lacto Misr Description and Business Overview
6.10.3 Lacto Misr Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Lacto Misr Infant Milk Formula Product Portfolio
6.10.5 Lacto Misr Recent Developments/Updates
6.11 Nestlé S.A.
6.11.1 Nestlé S.A. Corporation Information
6.11.2 Nestlé S.A. Infant Milk Formula Description and Business Overview
6.11.3 Nestlé S.A. Infant Milk Formula Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Nestlé S.A. Infant Milk Formula Product Portfolio
6.11.5 Nestlé S.A. Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Infant Milk Formula Industry Chain Analysis
7.2 Infant Milk Formula Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Infant Milk Formula Production Mode & Process
7.4 Infant Milk Formula Sales and Marketing
7.4.1 Infant Milk Formula Sales Channels
7.4.2 Infant Milk Formula Distributors
7.5 Infant Milk Formula Customers
8 Infant Milk Formula Market Dynamics
8.1 Infant Milk Formula Industry Trends
8.2 Infant Milk Formula Market Drivers
8.3 Infant Milk Formula Market Challenges
8.4 Infant Milk Formula Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Published By : QY Research
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