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Infant Formula Testing-Global Market Insights and Sales Trends 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 size is expected to reach US$ 1288.3 million by 2029, growing at a CAGR of 6.7% from 2023 to 2029. The market is mainly driven by the significant applications of Infant Formula Testing in various end use industries. The expanding demands from the Allergens Testing, Adulteration testing, Nutritional Analysis and Microbiology Testing, are propelling Infant Formula Testing market. NMR Spectroscopy, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Chromatography segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Infant Formula Testing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Infant Formula Testing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Infant Formula Testing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Infant Formula Testing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Infant Formula Testing covered in this report include Agilent Technologies, Inc., Covance Inc., Thermo Fisher Scientific Inc., Silliker Inc., Accugen Laboratories, Inc., Intertek Group PLC, Eurofins Central Analytical Laboratories, ELISA Technologies, Inc. and Bureau Veritas S.A., etc.
The global Infant Formula Testing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Infant Formula Testing market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Infant Formula Testing market, Segment by Type:
NMR Spectroscopy
Chromatography
Mass Spectrometry
Polymerase Chain Reaction
Immunoassay
Others
Global Infant Formula Testing market, by Application
Allergens Testing
Adulteration testing
Nutritional Analysis
Microbiology Testing
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Infant Formula Testing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
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 size is expected to reach US$ 1288.3 million by 2029, growing at a CAGR of 6.7% from 2023 to 2029. The market is mainly driven by the significant applications of Infant Formula Testing in various end use industries. The expanding demands from the Allergens Testing, Adulteration testing, Nutritional Analysis and Microbiology Testing, are propelling Infant Formula Testing market. NMR Spectroscopy, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Chromatography segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Infant Formula Testing, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Infant Formula Testing market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Infant Formula Testing market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Infant Formula Testing sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Infant Formula Testing covered in this report include Agilent Technologies, Inc., Covance Inc., Thermo Fisher Scientific Inc., Silliker Inc., Accugen Laboratories, Inc., Intertek Group PLC, Eurofins Central Analytical Laboratories, ELISA Technologies, Inc. and Bureau Veritas S.A., etc.
The global Infant Formula Testing market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Infant Formula Testing market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Infant Formula Testing market, Segment by Type:
NMR Spectroscopy
Chromatography
Mass Spectrometry
Polymerase Chain Reaction
Immunoassay
Others
Global Infant Formula Testing market, by Application
Allergens Testing
Adulteration testing
Nutritional Analysis
Microbiology Testing
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Infant Formula Testing companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Infant Formula Testing
1.1 Infant Formula Testing Market Overview
1.1.1 Infant Formula Testing Product Scope
1.1.2 Infant Formula Testing Market Status and Outlook
1.2 Global Infant Formula Testing Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Infant Formula Testing Market Size by Region (2018-2029)
1.4 Global Infant Formula Testing Historic Market Size by Region (2018-2023)
1.5 Global Infant Formula Testing Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Infant Formula Testing Market Size (2018-2029)
1.6.1 North America Infant Formula Testing Market Size (2018-2029)
1.6.2 Europe Infant Formula Testing Market Size (2018-2029)
1.6.3 Asia-Pacific Infant Formula Testing Market Size (2018-2029)
1.6.4 Latin America Infant Formula Testing Market Size (2018-2029)
1.6.5 Middle East & Africa Infant Formula Testing Market Size (2018-2029)
2 Infant Formula Testing Market by Type
2.1 Introduction
2.1.1 NMR Spectroscopy
2.1.2 Chromatography
2.1.3 Mass Spectrometry
2.1.4 Polymerase Chain Reaction
2.1.5 Immunoassay
2.1.6 Others
2.2 Global Infant Formula Testing Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Infant Formula Testing Historic Market Size by Type (2018-2023)
2.2.2 Global Infant Formula Testing Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Infant Formula Testing Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Infant Formula Testing Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Infant Formula Testing Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Infant Formula Testing Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Infant Formula Testing Revenue Breakdown by Type (2018-2029)
3 Infant Formula Testing Market Overview by Application
3.1 Introduction
3.1.1 Allergens Testing
3.1.2 Adulteration testing
3.1.3 Nutritional Analysis
3.1.4 Microbiology Testing
3.1.5 Others
3.2 Global Infant Formula Testing Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Infant Formula Testing Historic Market Size by Application (2018-2023)
3.2.2 Global Infant Formula Testing Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Infant Formula Testing Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Infant Formula Testing Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Infant Formula Testing Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Infant Formula Testing Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Infant Formula Testing Revenue Breakdown by Application (2018-2029)
4 Infant Formula Testing Competition Analysis by Players
4.1 Global Infant Formula Testing Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Infant Formula Testing as of 2022)
4.3 Date of Key Players Enter into Infant Formula Testing Market
4.4 Global Top Players Infant Formula Testing Headquarters and Area Served
4.5 Key Players Infant Formula Testing Product Solution and Service
4.6 Competitive Status
4.6.1 Infant Formula Testing Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Agilent Technologies, Inc.
5.1.1 Agilent Technologies, Inc. Profile
5.1.2 Agilent Technologies, Inc. Main Business
5.1.3 Agilent Technologies, Inc. Infant Formula Testing Products, Services and Solutions
5.1.4 Agilent Technologies, Inc. Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.1.5 Agilent Technologies, Inc. Recent Developments
5.2 Covance Inc.
5.2.1 Covance Inc. Profile
5.2.2 Covance Inc. Main Business
5.2.3 Covance Inc. Infant Formula Testing Products, Services and Solutions
5.2.4 Covance Inc. Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.2.5 Covance Inc. Recent Developments
5.3 Thermo Fisher Scientific Inc.
5.3.1 Thermo Fisher Scientific Inc. Profile
5.3.2 Thermo Fisher Scientific Inc. Main Business
5.3.3 Thermo Fisher Scientific Inc. Infant Formula Testing Products, Services and Solutions
5.3.4 Thermo Fisher Scientific Inc. Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.3.5 Silliker Inc. Recent Developments
5.4 Silliker Inc.
5.4.1 Silliker Inc. Profile
5.4.2 Silliker Inc. Main Business
5.4.3 Silliker Inc. Infant Formula Testing Products, Services and Solutions
5.4.4 Silliker Inc. Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.4.5 Silliker Inc. Recent Developments
5.5 Accugen Laboratories, Inc.
5.5.1 Accugen Laboratories, Inc. Profile
5.5.2 Accugen Laboratories, Inc. Main Business
5.5.3 Accugen Laboratories, Inc. Infant Formula Testing Products, Services and Solutions
5.5.4 Accugen Laboratories, Inc. Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.5.5 Accugen Laboratories, Inc. Recent Developments
5.6 Intertek Group PLC
5.6.1 Intertek Group PLC Profile
5.6.2 Intertek Group PLC Main Business
5.6.3 Intertek Group PLC Infant Formula Testing Products, Services and Solutions
5.6.4 Intertek Group PLC Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.6.5 Intertek Group PLC Recent Developments
5.7 Eurofins Central Analytical Laboratories
5.7.1 Eurofins Central Analytical Laboratories Profile
5.7.2 Eurofins Central Analytical Laboratories Main Business
5.7.3 Eurofins Central Analytical Laboratories Infant Formula Testing Products, Services and Solutions
5.7.4 Eurofins Central Analytical Laboratories Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.7.5 Eurofins Central Analytical Laboratories Recent Developments
5.8 ELISA Technologies, Inc.
5.8.1 ELISA Technologies, Inc. Profile
5.8.2 ELISA Technologies, Inc. Main Business
5.8.3 ELISA Technologies, Inc. Infant Formula Testing Products, Services and Solutions
5.8.4 ELISA Technologies, Inc. Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.8.5 ELISA Technologies, Inc. Recent Developments
5.9 Bureau Veritas S.A.
5.9.1 Bureau Veritas S.A. Profile
5.9.2 Bureau Veritas S.A. Main Business
5.9.3 Bureau Veritas S.A. Infant Formula Testing Products, Services and Solutions
5.9.4 Bureau Veritas S.A. Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.9.5 Bureau Veritas S.A. Recent Developments
5.10 SGS SA
5.10.1 SGS SA Profile
5.10.2 SGS SA Main Business
5.10.3 SGS SA Infant Formula Testing Products, Services and Solutions
5.10.4 SGS SA Infant Formula Testing Revenue (US$ Million) & (2018-2023)
5.10.5 SGS SA Recent Developments
6 North America
6.1 North America Infant Formula Testing Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Infant Formula Testing Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Infant Formula Testing Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Infant Formula Testing Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Infant Formula Testing Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Infant Formula Testing Market Dynamics
11.1 Infant Formula Testing Industry Trends
11.2 Infant Formula Testing Market Drivers
11.3 Infant Formula Testing Market Challenges
11.4 Infant Formula Testing Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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