In a recent published report, Kenneth Research has updated the market report for Infant Formula Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Infant Formula Market products.
The Infant Formula market was valued at USD 42,392.24 Million in the year 2018. Global Infant Formula market is expected to grow due to a number of factors for instance rapid urbanization in emerging economies, growing health concern among the consumers in developing region and rising demand by working women population due to lack of time to breastfeed the baby. In addition, ever growing urban and working population align with rising income and old population is fuelling the infant formula market.
Global Infant Formula Market is primarily driven by growing urbanization and shifting consumers inclinations from breastfeed to organic infant formula due to lack of time for breastfeed the baby and on the other hand the ever-rising working population is diverting the consumer towards the consumption of infant formula products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Among the regions, Asia Pacific Infant Formula Market will continue to be the largest market in the forecast period, majorly driven by high population increased disposable income, busy lifestyle, and rising standards of living in the region in addition to high healthcare awareness.
Scope of the Report
Global Infant Formula Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Infant Formula Market – Size, Growth, Forecast
• Analysis by Product Type: Infant Milk, Growing-up Milk, Follow on Milk and Specialty Milk
• By Distribution Channel: Online Stores, Hypermarket/Supermarket, Pharmacies & Others
Regional Infant Formula Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Infant Formula Market – Size, Growth, Forecast
• Analysis by Product Type: Infant Milk, Growing-up Milk, Follow on Milk and Specialty Milk
• By Distribution Channel: Online Stores, Hypermarket/Supermarket, Pharmacies & Others
Country Analysis – U.S. Canada, Mexico, U.K., Germany, France, China, India, Japan, Saudi Arabia (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Infant Formula Market – Size, Growth, Forecast
• Analysis by Product Type: Infant Milk, Growing-up Milk, Follow on Milk and Specialty Milk
• By Distribution Channel: Online Stores, Hypermarket/Supermarket, Pharmacies & Others
Company Analysis – Abbott Laboratories, Danone, Hain Celestial, Nestle, Yili Group Ltd., HiPP-Gruppe, Kraft Heinz, Reckitt Benckiser, Meiji Holdings Co., Ltd & Campbell Soup Company.
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Other Report Highlights
• Competitive Landscape – Sales, Segments, Market Share, Business Strategies
• Market Dynamics – Drivers and Restraints.
• Market Trends
• Porter Five Forces Analysis.
• SWOT Analysis.
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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