“Infant
Milk Market: Global Demand Analysis & Opportunity Outlook 2021”
The global infant milk market
is segmented into form such as powders, concentrated liquids and ready to use. Among
these segments, ready to use infant milk segment is expected to occupy top
position in overall infant milk market during the forecast period. Increasing
number of employed woman and rising disposable income are some of the factors
which are anticipated to propel the growth of the ready to use infant milk
market during the forecast period. Further, high product penetration and wide
product portfolio of infant milks in developed markets such as U.S. is expected
to increase over the forecast period.
Global infant milk market is
expected to flourish at a significant CAGR of 10.3% during the forecast period.
Factors such as increasing infant health concerns, growth in number of working
mothers and continuous enhancement in infant milk formula is anticipated to
drive the market of infant milk during the forecast period. Moreover, the
global infant milk market is expected to garner noteworthy revenue by the end
of 2021.
Asia Pacific was estimated to dominate
the overall infant
milk market in 2015. Furthermore, Asia Pacific is expected
to continue its dominance during the forecast period. Further, high birth rates
in emerging nations and increasing purchasing power of consumers in the region
are anticipated to positively impact the growth of the infant milk market. North
America is also anticipated to substantially contribute to the growth of the
infant milk market. Availability of innovative and advanced milk products
premixed with micronutrients is driving the demand for infant milks in the
region.
Increasing
Purchasing Power in Developing Nations
Growing number of consumers in developing
nations such as China coupled with increasing purchasing power is believed to
trigger the growth of the infant milk market. Apart from this, development of
infant milks providing special health benefits to infants is envisioned to
strengthen the global infant milk market during the forecast period.
Government
Regulations
Intense government regulations
ensuring that the product meets strict quality standards are expected to
intensify the growth of the infant milk market. For instance, due to 2008
Chinese milk scandal, China government tightens the law and imposes strict standards
regulations. Consequently, this resulted in limited certifications to local
brands and most of the certificates were awarded to major global brands.
Although, high cost of infant
milk, government initiatives to increase breast feeding awareness and lower
birth rates are some of the factors is likely to dampen the growth of infant
milk market during the forecast period.
The report titled “Infant Milk Market: Global Demand Analysis &
Opportunity Outlook 2021” delivers
detailed overview of the global infant milk market in terms of market
segmentation by product type, by form, by type and by distribution channel and
by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global infant
milk market which includes company profiling of Nestlé S.A., Pfizer Inc., Mead Johnson & Company, LLC, Danone,
Abbott Laboratories, Hain Celestial Group, Inc. ( Earth’s Best), Nature’s One,
Inc., Vermont Organics Infant Formula, Friso and The Hero Group. The profiling enfolds key information of the
companies which encompasses business overview, products and services, key
financials and recent news and developments. On the whole, the report depicts
detailed overview of the Global infant milk market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About Research
Nester
Research
Nester is a leading service provider for strategic market research and
consulting. We aim to provide unbiased, unparalleled market insights and
industry analysis to help industries, conglomerates and executives to take wise
decisions for their future marketing strategy, expansion and investment etc. We
believe every business can expand to its new horizon, provided a right guidance
at a right time is available through strategic minds. Our out of box thinking
helps our clients to take wise decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/infant-milk-market-global-demand-analysis-opportunity-outlook-2021/63
Contact for more
Info:
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Daniel
U.S.
+1 646 586 9123
U.K.
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