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Global Infant Formula Market Report: 2016 Edition - New Report by Koncept Analytics
1. Global Infant Formula Market Report
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2016
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2. Executive Summary
Infant formula is a manufactured food designed and marketed for feeding to evolved babies and infants under 12 months of age, usually prepared
for bottle-feeding or cup-feeding from powder (mixed with water) or liquid (with or without additional water). A variety of formulas are available for
infants younger than 12 months old who are not drinking breast milk. The global infant milk formula (IMF) market is the fastest growing category
within the larger baby food market. Milk formulas can be divided into four distinct types: toddler formula, stand formula, follow-on formula and special
formula.
The report “Global Infant Milk Formula Market” provides a comprehensive study of the infant formula market along with a detailed study of its
various segments. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The four major
players in the industry, Nestlé SA, Danone S.A., Mead Johnson Nutrition and Abbott Laboratories are being profiled.
The key factors driving the growth of the infant milk formula market are rising population of working women, increasing disposable income in China,
rapid growth of e-commerce in the Chinese market, growth in urbanization, increasing globalization and growing global GDP. Some of the
noteworthy trend and developments of this industry are importance of lipid levels in brain and vision development in infants, growing demand of
organic baby food and adoption of western baby food. However, the expansion of global infant milk formula market is being hindered by restriction in
China on infant’s milk powder brands, regulatory changes, increasing competition, ecological argument and contaminated milk powder issues.
The developing world, especially the Asia and Pacific region has provided the headroom for the global market expansion. Among various regions,
China is one of the prominent markets for infant milk formula.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry.
We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the
future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the
dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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3. Increasing urbanization and the number of working women to drive the market…
As of 2015, the global baby food market is estimated to have
reached US$... billion, as compared to US$... billion in 2014,
representing an incline of …%.
In 2015, milk formula accounted for the largest share with …%,
followed by prepared baby food and dried baby food with …%
and …% share respectively.
The Chinese infant milk formula market increased from US$...
billion in 2014 to US$... billion in 2015 and is estimated to
increase to US$... billion at the end of 2016.
Global Baby Food Market Share by Product Type (2015)
Global Baby Food Market by Value (2005-2015E)
China’s Infant Milk Formula Market by Value (2007-2016E)
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E
US$Billion
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E
US$Billion
4. Increasing globalization, rising popularity of internet retailing in China to affect the Infant formula
market…
As of 2015, the global infant milk formula market increased to
US$... billion from US$... billion in 2014 and is estimated to
increase to US$... billion by the end of 2016.
In terms of value, China is the largest market with share of …%
in the global infant milk formula market in 2015. It was followed
by Asia Pacific (Ex. China), North America and Latin America
with share of …%, …% and …% respectively.
As of 2015, toddler milk formula is a fast-growing product
segment of the global milk formula, accounting for …% share,
followed by stand formula (0-6 months), follow-on (6-12 months)
and special formula (Premature, allergy) with …%, …% and
…% share respectively.
Global Infant Milk Formula Market by Region - Value (2015)
Global Infant Formula Market by Value (2007-2016E)
Global Milk Formula Sales Share by Products (2015)
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E
US$Billion
5. The future growth would mainly be driven by growing infant population and global GDP.
• The global infant milk formula is estimated to grow at a CAGR of …% from US$... billion in 2014 to US$... billion in 2019.
• The global infant milk formula sector is growing rapidly and with the development of emerging markets such as those in Asia, the
trend is set to continue.
• Growing demand of organic baby food and rising urbanization are expected to be the key factors driving market growth in coming
years.
Global Infant Milk Formula Market Forecast (2014-2019E)
2014 2015 2016E 2017E 2018E 2019E
US$Billion
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