[179+ Pages Research Report] Global Infant Formula Milk Powder Market to surpass USD 47.73 billion by 2030 from USD 31.95 billion in 2020 at a CAGR of 9.13%in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand for Infant Formula Milk Powder.

Product Overview

Infant formula is the closest replacement for an infant's maternal breast milk. A mixture of dairy & other dietary ingredients makes baby formula. Infant formula is typically produced to feed infants under the age of 12 months to help them in promoting healthy growth and maintaining good health. Baby formula is mixed by mixing powder and liquid for bottle-feeding or cup-feeding. The making of formula for infants follows a certain protocol. The most basic steps involved in producing baby milk are liquid preparation from skim milk and a mixture of ingredients, then the processing of the mixture is finished, followed by powder preparation and packaging of that powdered baby formula. There are different types of infant formulas available in the market which is made up of specific ingredients such as nutritional content, calorie count, taste, and digestive capacity. Cow milk, soy-based, protein hydrolysate, lactose-free, special, and newer formula is some of the popular baby formula used.

Market Highlights

Global Infant Formula Milk Powder market is expected to project a notable CAGR of 9.13%in 2030.

The growth of online stores is also propelling the selling of high-end products. Due to many growth drivers including high female workforce share, growing middle class & dual-income families as well as increasing premium nutrition expenditure.

Global Infant Formula Milk Powder Market: Segments

Expanded snacks segment to grow with the highest CAGR during 2020-30

Global Infant Formula Milk Powder market is segmented by type into infant milk, follow-up milk, specialty baby milk, and growing up milk. Infant milk segment held the largest market share in the year 2020 due to an increase in physician's preference to use infant milk as a replacement for breastfeeding, as it is a safe and nutritious alternative along with greater convenience. Infant milk is also high in iron and helps avoid anemia. Specific baby milks are fortified with probiotics, which help avoid diarrhea, relieve colic and reduce the risk of allergies to food.

Hypermarkets & supermarkets segment to grow with the highest CAGR during 2020-30

Global Infant Formula Milk Powder market is segmented by distribution channel into Convenience stores, Hypermarkets & supermarkets, E-commerce platforms, and others. Hypermarkets & Supermarkets segment held the largest market share in the year 2020. During the forecast period, it is predicted to be the largest and fastest-growing market. The wide variety of products available and the convenience of real-time brand comparison for customers are the primary reasons for hypermarkets and supermarkets' popularity in this market.

Market Dynamics

Drivers

High Female Workforce and Lifestyle Changes to Increase Market Growth

The infant formula market is expected to rise due to many growth drivers including high female workforce share, growing middle class & dual-income families as well as increasing premium nutrition expenditure. Furthermore, lifestyle change, rise in the middle-class population, growth in disposable income in emerging economies, and increased awareness of high nutritional content in the infant formula also drive market growth.

Variety of Nutrients and Rise in Number of Employed Women

Infant formula is made up of a variety of nutrients that are fed to babies for their overall growth, including carbohydrates, fats, proteins, vitamins, minerals, and others. While doctors suggest exclusive breastfeeding for babies under the age of six months, an infant formula may be used as a substitute since it contains similar nutrients. The demand is being driven by an increase in the number of women employed outside the home.

Restraint

Food Safety Concerns and Low Birth Rate to Hinder the Market Growth

Declining number of births of newborns and foreign brands dominating the market of infant formula are factors likely to hamper the growth of the market. Additionally, concerns related to food safety are also a major factor restricting the growth of the baby formula market.

Global Infant Formula Milk Powder Market: Key Players

Nestle S.A.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Danone S.A.

Abbott Laboratories

Kraft Heinz Company

Bellamy Organic

Topfer

Perrigo Company plc.

Westland Milk Products

Biostime Inc.

Other Prominent Players

Global Infant Formula Milk Powder Market: Regions

Global Infant Formula Milk Powder market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Infant Formula Milk Powder in Asia Pacific held the largest market share in the year 2020. The increasing adoption of Western culture in the area, rising disposable income, and the on-the-go snacking trend among the urban population due to busy lifestyles are all factors driving the Asia Pacific region's development. Consumers in the region tend to buy cheaper goods due to the developing economic conditions in the majority of countries and therefore prefer generic or domestic brands. The availability of such snacks has become much easier due to the increasing trend of hypermarkets and supermarkets in the area, which is further bolstering market growth in APAC.

Global Infant Formula Milk Powder Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Infant Formula Milk Powder Market report also contains analysis on:

Infant Formula Milk Powder Market Segments:

By Type

Infant Milk

Follow Up Milk

Specialty Baby Milk

Growing Up Milk

By Distribution Channel

Convenience stores

Hypermarkets & supermarkets

E-commerce platforms

Other

Infant Formula Milk Powder Market Dynamics

Infant Formula Milk Powder Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Infant Formula Milk Powder Market Report Scope and Segmentation

Frequently Asked Questions

How big is the Infant Formula Milk Powder market

What is the Infant Formula Milk Powder market growth

Which segment accounted for the largest Infant Formula Milk Powder market share

Who are the key players in the Infant Formula Milk Powder market

What are the factors driving the Infant Formula Milk Powder market

Contents

1. Executive Summary

2. Global Infant Formula Milk Powder Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Infant Formula Milk Powder Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Infant Formula Milk Powder Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Infant Formula Milk Powder Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Type: Market Share (2020-2030F)

1. Infant milk, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Follow Up Milk, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Specialty Baby Milk, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Growing Up Milk, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By Distribution Channel : Market Share (2020-2030F)

1. Convenience stores, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Hypermarkets & supermarkets, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. E-commerce platforms, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Other, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. Nestle S.A.

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Danone S.A.

3. Abbott Laboratories

4. Kraft Heinz Company

5. Bellamy Organic

6. Topfer

7. Perrigo Company plc.

8. Westland Milk Products

9. Biostime Inc.

10. Other Prominent Players

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)