The global infant formula market will derive growth from the increasing number of product launches across the world. According to a report by Fortune Business Insights, the market was valued at USD 45.12 Billion in 2018 is projected to reach USD 103.75 Billion by 2026, exhibiting a CAGR of 10.85% during the forecast period.
List of Companies Profiled in this Report:
Infant formula is a specially designed formula that is used as an alternative for breast milk for infants. The product is developed under stringent norms and regulations, given the fact that it is served to infants. The demand for infant formula is increasing rapidly, owing to growing awareness regarding the benefits and nutritional value of the product. Premiumization of the product is a major factor that has constituted an increase in the infant formula market size in recent years. The innovations in the packaging of the product, coupled with the constant changes in the innovation mix will fuel the demand for the product in the coming years.
The report encompasses several factors that have contributed to the growth of the market in recent years. In addition to growth stimulators, it includes a few of the factors that have restricted market growth. Several aspects of the market have been discussed in detail, with key focus on factors such as leading product types, leading regions, and regions that have witnessed the highest demand and applications for the product across the world. The competitive landscape has been discussed in detail and companies that are currently dominating the market have been highlighted in the report.
The market has derived growth from the increase in the number of product launches in recent years. In August 2019, Danone-Nutricia, announced the launch of a new product to its portfolio. The company introduced Karicare Toddler in New Zealand. Fortune Business Insights has predicted that the company’s latest product will help generate substantial infant formula revenue market. Another product similar to Danone-Nutricia’s latest infant formula was Nestle’s A-2 Baby Formula. The company announced the launch of its latest range of infant formula in Australia. Arla Foods’ early digest whey-infused infant formula was another major highlight of 2018. The report includes product launches, similar to the aforementioned products and gauges the impact of these products on the global market.
For more details, click here: https://www.fortunebusinessinsights.com/industry-reports/infant-formula-market-101498
The report segments the market based on regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, Asia Pacific will witness the highest growth in the coming years, driven by the increasing birth rate in several countries across this region. China accounted for a maximum share of the market in the Asia Pacific. Besides Asia Pacific, North America will witness considerable growth in the coming years owing to a high product demand across this region.
Read More in this Press Release:
https://www.fortunebusinessinsights.com/press-release/infant-formula-market-9286
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List of Companies Profiled in this Report:
- Nestle S.A.
- Danone SA
- Abbott
- Arla Foods amba
- Yili Group
- The Kraft Heinz Company
- Bellamy's Organic
- Perrigo Company plc
- Reckitt Benckiser Group plc.
- Royal FrieslandCampina N.V.
Infant formula is a specially designed formula that is used as an alternative for breast milk for infants. The product is developed under stringent norms and regulations, given the fact that it is served to infants. The demand for infant formula is increasing rapidly, owing to growing awareness regarding the benefits and nutritional value of the product. Premiumization of the product is a major factor that has constituted an increase in the infant formula market size in recent years. The innovations in the packaging of the product, coupled with the constant changes in the innovation mix will fuel the demand for the product in the coming years.
The report encompasses several factors that have contributed to the growth of the market in recent years. In addition to growth stimulators, it includes a few of the factors that have restricted market growth. Several aspects of the market have been discussed in detail, with key focus on factors such as leading product types, leading regions, and regions that have witnessed the highest demand and applications for the product across the world. The competitive landscape has been discussed in detail and companies that are currently dominating the market have been highlighted in the report.
Increasing Number of Product Launches Will Aid Market Growth
The market has derived growth from the increase in the number of product launches in recent years. In August 2019, Danone-Nutricia, announced the launch of a new product to its portfolio. The company introduced Karicare Toddler in New Zealand. Fortune Business Insights has predicted that the company’s latest product will help generate substantial infant formula revenue market. Another product similar to Danone-Nutricia’s latest infant formula was Nestle’s A-2 Baby Formula. The company announced the launch of its latest range of infant formula in Australia. Arla Foods’ early digest whey-infused infant formula was another major highlight of 2018. The report includes product launches, similar to the aforementioned products and gauges the impact of these products on the global market.
For more details, click here: https://www.fortunebusinessinsights.com/industry-reports/infant-formula-market-101498
Asia Pacific Likely to Emerge Dominant
Read More in this Press Release:
https://www.fortunebusinessinsights.com/press-release/infant-formula-market-9286
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