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2019

Asia-pacific Baby Infant Formula Market

Asia-Pacific Baby Infant Formula Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Infant Milk, Follow-on Milk, Specialty Baby Milk, and Growing-up Milk), Ingredient (Carbohydrate, Fat, Protein, Minerals, Vitamins, and Others), and Distribution Channel (Hypermarket, Supermarket, Pharmacy/Medical Stores, Specialty Stores, Hard Discounter Store, E-commerce, and Others): Asia-Pacific Opportunity Analysis and Industry Forecast, 2019-2026

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Author's: Nitesh Chouhan| Shankar Bhandalkar | Roshan Deshmukh
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The Asia-Pacific baby infant formula market size was valued at $11.4 billion in 2017, and is estimated to reach $26.8 billion by 2026 with a CAGR of 9.8% from 2019 to 2026. Nutrition is one of the most significant factors that influences a child’s development and growth. The baby infant formula market comprises a diversified range of products from various infant formulas to baby food products. According to the Federal Food, Drug, and Cosmetic Act, infant formula refers to the food for dietary use that is solely fed to infants, owing to the fact that it simulates the nutritious properties of human milk or serves as a complete or partial substitute of human milk.

The growth of the Asia-Pacific baby infant formula market is majorly driven by increase in awareness offered by baby infant formula such as it facilitates healthy growth & development of babies, improves cognitive performance & development, prevents them from allergies, and enhances gastrointestinal health & immunity. 

Asia-Pacific Baby Infant Formula Market

Moreover, rise in the middle-class population in emerging economies significantly contributes toward the growth of the market, owing to their high purchasing power and affordability to spend on children. In addition, rapid urbanization has led to the changes in the lifestyle of people. For instance, China and India with large population base have witnessed economic boom in the past decades, offering remunerative business opportunities for market expansion. Thus, rise in disposable income in countries such as China, India, Brazil, Indonesia, and others is anticipated to boost the growth of Asia-Pacific baby infant formula market.

Furthermore, breastfeeding is not always possible for working mothers; thus, baby infant formula serves as an appropriate alternative for infants, as its composition is similar to that of breastmilk. Baby infant formulas contain nucleotides necessary for the metabolic processes, such as energy metabolism and enzymatic reactions. These nucleotides act as building blocks of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) for normal body functions. Furthermore, iron-rich infant formula helps to prevent anemia. Various infant formulas are based on probiotics, which help to prevent diarrhea, ease colic, and reduce the risk of food allergies. Moreover, infant formulas are rich in protein, linoleic acid, minerals, calcium, carbohydrates, phosphorus, iodine, sodium chloride, potassium chloride, and other nutrients, which are necessary for proper development of infants. Thus, physicians recommend the use of infant formula for babies as a substitute to breastmilk, owing to its high nutritional content, thereby boost the Asia-Pacific baby infant formula market demand.

Baby infant formula consists of infant milk, follow-on-milk, specialty baby milk, and growing-up milk formulated for the consumption of infants and toddlers. Infant milk contains the necessary nutrients, minerals, and vitamins for a baby to thrive and grow. Upsurge in participation of women in labor force has further led to rise in number of women professionals who prefer infant formula for their babies. This is expected to considerably augment the Asia-Pacific baby infant formula market growth.

The Asia-Pacific baby infant formula market is segmented into type, ingredient, distribution channel, and country. By type, the market is categorized into infant milk, follow-on-milk, specialty baby milk, and growing-up milk. Depending on ingredient, it is classified into carbohydrate, fat, protein, minerals, vitamins and others. As per distribution channel, it is segregated into hypermarket, supermarket, pharmacy/medical stores, specialty stores, hard discounter store, e-commerce, and others. Country wise, the market is analyzed across China, India, South Korea, Japan, Philippines, Indonesia, Australia, New Zealand, and rest of Asia-Pacific.

Asia-Pacific Baby Infant Formula Market
By Type
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Infant Milk segments dominates the Asia-Pacific baby infant formula market and is expected to retain its dominance throughout the forecast period.

On the basis of type, the infant milk segment led in terms of Asia-Pacific baby infant formula market share in 2017, and is expected to retain its dominance during the forecast period. This is attributed to increase in number of working women, who majorly prefer infant milk for their babies, since breastfeeding is not always a feasible option for them. Moreover, many working women resume at work shortly after giving birth, which makes them opt for alternatives, such as infant milk, to feed their child.

Asia-Pacific Baby Infant Formula Market
By Ingredient
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Vitamin segment is projected to grow with highest CAGR during the forecast period

Depending on ingredient, the carbohydrate segment dominated the market in 2017, due to the fact that carbohydrates are infant’s essential source for proper growth and development. Intake of nutrient-dense carbohydrates by infants is expected to optimize their growth and maintain a healthy body weight, which further fuels the growth of the segment.

Asia-Pacific Baby Infant Formula Market
By Distribution Channel
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Specialty Store segment is expected to grow at a lucrative CAGR of 10.6% during the forecast period

By distribution channel, the supermarket segment garnered the highest share of the Asia-Pacific baby infant formula market in 2017. This is attributed to the fact that supermarkets are gaining popularity, owing to the availability of broad range of consumer goods under a single roof, ample parking space, and convenient operation timings. Moreover, increase in urbanization, rise in working class population, and competitive pricing boost the popularity of supermarkets in developed and developing countries.

Asia-Pacific Baby Infant Formula Market
By Country
2026
China 
India
South Korea
Japan
Philippines
Indonesia
Australia
New Zealand
Rest of Asia-Pacific

China dominates the Asia-Pacific baby infant formula and is expected to grow with a CAGR of 10.2% during the forecast period

The key players operating in the Asia-Pacific baby infant formula market industry include Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckiser (Mead Johnson & Company LLC), Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

Key Benefits for Stakeholders:

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Asia-Pacific baby infant formula market analysis from 2017 to 2026 to identify the prevailing market opportunities.
  • The key countries in all the major regions are mapped on the basis of market share.
  • The Asia-Pacific baby infant formula market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing Asia-Pacific baby infant formula market opportunity. 
  • Major countries in the Asia-Pacific region are mapped according to their revenue contribution to the industry. 
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the Asia-Pacific baby infant formula market trends, key players, market segments, application areas, and growth strategies.

Asia-Pacific Baby Infant Formula Market Report Highlights

Aspects Details
Asia-Pacific Baby Infant Formula Market By Type
By Type
  • Infant Milk
  • Follow-on Milk
    • Specialty Baby Milk
  • Growing-up Milk
Asia-Pacific Baby Infant Formula Market By Ingredient
By Ingredient
  • Carbohydrate
  • Fat
  • Protein
  • Minerals
  • Vitamins
  • Others
Asia-Pacific Baby Infant Formula Market By Distribution Channel
By Distribution Channel
  • Hypermarket
  • Supermarket
  • Pharmacy/Medical Store
  • Specialty Stores
  • Hard Discounter Store
  • E-commerce
  • Others
Asia-Pacific Baby Infant Formula Market By Country
By Country
  • Asia-Pacific
    • China
    • India
    • South Korea
    • Japan
    • Philippines
    • Indonesia
    • Australia
    • New Zealand
    • Rest of Asia-Pacific
Key Market Players
Key Market Players

PERRIGO COMPANY PLC, NESTLE S.A., CAMPBELL SOUP COMPANY, GUJARAT CO-OPERATIVE MILK MARKETING FEDERATION LTD. (GCMMF), RECKITT BENCKISER GROUP PLC., THE KRAFT HEINZ COMPANY, DANA DAIRY GROUP LTD., ABBOTT LABORATORIES (ABBOTT), DANONE, ARLA FOODS AMBA (ARLA)

Analyst Review

This section provides opinions of the CXOs of the key companies operating in the Asia-Pacific market. According to the CXOs, increase in R&D activities and innovations for improving flavors and ingredients of infant formula have helped companies to increase their overall sale of infant food products in the market. Busy lifestyle of individuals has further influenced them to use prepared baby food and infant formula. Consumers in rural and semi-urban areas have steadily started using packaged infant foods, owing to increase visibility due to the proliferation of media and other communication channels. Evolution of online sale of baby infant formula products further increase the overall revenue for the industry.

The growth of baby infant formula is highly dependent on the innovation and awareness among the consumers to provide complete nutrition to their child. Demand for baby infant formula is witnessed to be considerably higher in emerging countries, as they are growing in terms of money and population. Countries such as China and India occupy a significant share of the Asia-Pacific baby infant formula market, as the need to address rapidly changing consumer demand is increasing.

 

Author Name(s) : Nitesh Chouhan| Shankar Bhandalkar | Roshan Deshmukh
Frequently Asked Questions?

The Asia-Pacific Baby Infant Formula Market size in 2017 was valued at $ 11.4 Billion.

The Asia-Pacific Baby Infant Formula Market is estimated to reach $ 26.8 billion in 2026.

Busy consumer lifestyle and increase in disposable income are the key factor driving the Asia-Pacific Baby Infant Formula Market.

Infant milk is the leading segment in the Asia-Pacific Baby Infant Formula Market.

Hypermarket is expected to showcase the fastest growth in the Asia-Pacific Baby Infant Formula Market.

The top competitors are Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckiser, Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

The active players in the Asia-Pacific Baby Infant Formula Market are Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckiser (Mead Johnson & Company LLC), Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

Surge in preference for organic infant formula food and increase in use of goat milk in baby infant formula are Asia-Pacific Baby Infant Formula Market trends.

The key players operating in the Asia-Pacific Baby Infant Formula Market Size include Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckiser (Mead Johnson & Company LLC), Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

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Asia-pacific Baby Infant Formula Market