Infant Formula Market Report, by Formulation (Ready-to-feed, Powder, and Liquid Concentrate), by Formula (Cow milk-based, Soy-based, Hypoallergenic, and Others), by Distribution Channel (Online, Hypermarkets, Supermarkets, Specialty Stores, and Others), by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • Published On : Dec 2018 |
  • Pages : 136 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

­­­Global Infant Formula Market – Insights

Infant formula is a manufactured food, designed and marketed for feeding babies and infants less than 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder (mixed with water) or liquid (with or without additional water).

Among formulation, powder segment held the largest revenue share of 41.9% in the global infant formula market in 2017. Powdered infant formula is the most economical and environment friendly baby formula as it occupies minimum space in the pantry compared to other formulas. However, powdered formulas take more time to prepare than other formulas.

Among formula, cow milk-based segment held the largest revenue share of 70.0% in the global infant formula market in 2017, and is expected to witness a CAGR of 6.0% during the forecast period. Most of the infant formulas are produced using cow's milk that has been altered to resemble breast milk. This gives the formula the right balance of nutrients and makes the formula easier to digest.

Asia Pacific held significant market share in the global infant formula market in 2017, owing to rising birth rates in the region. According to the worldstat.org, the birth rate in Asia was 17.56 per population in 2011. The birth rate of boys was more than the birth rate of girls in this region. The population of Asia increased from 4.16 billion in 2010 to 4.43 billion in 2016, which is an increase of around 266 million. This rise in the number of births along with the rise in disposable income and per capita spending on baby care has boosted growth of the infant formula market in this region.

However, stringent government regulations imposed on infant food may hamper growth of the infant formula market during the forecast period. For instance, the European Commission has defined specific rules to ensure appropriate nutritional composition and safety of food, specifically manufactured for infants and young children, as well as appropriate consumer information.

The global infant formula market was valued at US$ 56.0 billion in 2017, and is expected to register a CAGR of 6.1% in terms of revenue, during the forecast period (2018 – 2026), to reach US$ 95.0 billion by 2026.

Figure 1. Global Infant Formula Market Share, By Formulation, 2017

 

Source: Coherent Market Insights, 2017-18

Furthermore, various key players are focused towards increasing its product portfolio and are undergoing mergers and acquisitions to increase its market share. For instance, in September 2017, Danone Manifesto Ventures — a financial arm of Groupe Danone — announced investment in Yooji, the French start-up, aiming to revolutionize baby food, by providing frozen portion size organic products to support companies at the forefront. In June 2017, Mead Johnson Nutrition, an infant formula company, announced its plan to merge with Reckitt Benckiser Group plc, which is a British multinational consumer goods company headquartered in Slough, England.

Figure 2. Global Infant Formula Market Share, By Region, 2017

 

Source: Coherent Market Insights, 2017-18

Major players operating in the global infant formula market include Abbott Laboratories, Nestlé S.A., Kraft Heinz Food Company, Groupe Danone, Mead Johnson Nutrition Company, Beingmate Baby & Child Food Co., Ltd., Plum Organics, and Meiji Holdings Co., Ltd. among others

Though infant formula is considered as one of the fastest moving consumer goods and highly profitable area, it is highly consolidated in the hands of few major international companies. According to Coherent Market Insights analysis, Nestle, Danone, Mead Johnson, and Abbott constituted for over 50% share in 2017 in the global infant formula market.

Infant formula is an industrially produced substitute for infant consumption. Infant formula attempt to mimic the nutritional composition of breast milk as closely as possible, and is based on cow’s milk or soy milk.

Marketing strategies adopted by infant nutrition manufacturers to spread awareness regarding importance of feeding specialty baby food and infant formulas is driving growth of the market. For instance, in 2017, Nestlé Indonesia launched 'Start Healthy, Stay Healthy' program to provide knowledge and skills to help consumers make right choices regarding food and nutrition, during pregnancy and the first two years of child’s life.

Market Dynamics

Among formulation, powder segment held the largest revenue share of 41.9% in global infant formula market in 2017. Powdered infant nutrition products are expected to gain popularity due to its higher shelf life, as compared to other infant food products. Babies with certain medical conditions are also advised to be fed with powdered formula or milk, as these powders contains added fortified nutrients such as iron, calcium, and vitamins.

Key features of the study:

  • This report provides in-depth analysis of infant formula and provides market size (US$ Billion) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global infant formula market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes Abbott Laboratories, Nestlé S.A., Kraft Heinz Food Company, Groupe Danone, Mead Johnson Nutrition Company, Beingmate Baby & Child Food Co., Ltd., Plum Organics, and Meiji Holdings Co., Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology upgradation, market expansion, and marketing tactics
  • The global infant formula market report caters to various stakeholders in this industry including investors, suppliers, infant formula manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the infant formula market

Detailed Segmentation:

  • Global Infant Formula Market, By Formulation:
    • Ready-to-feed
    • Powder
    • Liquid Concentrate
  • Global Infant Formula Market, By Formula:
    • Cow milk based
    • Soy-based
    • Hypoallergenic
    • Others
  • Global Infant Formula Market, By Distribution Channel:
    • Online
    • Hypermarkets
    • Supermarkets
    • Specialty stores
    • Others
  • Global Infant Formula Market, By Geography:
    • North America
      • U.S.
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Canada
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
    • Europe
      • U.K.
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Germany
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Italy
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • France
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Russia
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Rest of Europe
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
    • Asia Pacific
      • China
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • India
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Japan
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • ASEAN
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Australia
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • South Korea
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Rest of Asia Pacific
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
    • Latin America
      • Brazil
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Mexico
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Rest of Latin America
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
    • Middle East
      • GCC
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Israel
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Rest of Middle East
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
    • Africa
      • North Africa
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • Central Africa
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
      • South Africa
        • By Formulation:
          • Ready-to-feed
          • Powder
          • Liquid Concentrate
        • By Formula:
          • Cow milk based
          • Soy-based
          • Hypoallergenic
          • Others
        • By Distribution Channel:
          • Online
          • Hypermarkets
          • Supermarkets
          • Specialty stores
          • Others
  • Company Profiles
    • Abbott Laboratories *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Nestlé S.A.
    • Kraft Heinz Food Company
    • Groupe Danone
    • Mead Johnson Nutrition Company
    • Beingmate Baby & Child Food Co., Ltd
    • Plum Organics
    • Meiji Holdings Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Formulation
      • Market Snippet, By Formula
      • Market Snippet, By Distribution Channel
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Infant Formula Market, By Formulation, 2015- 2026 (USD Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2019 - 2026
      • Segment Trends
    • Ready-to-feed
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Powder
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Liquid Concentrate
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
  5. Global Infant Formula Market, By Formula, 2015- 2026 (USD Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2019 - 2026
      • Segment Trends
    • Cow milk-based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Soy-based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Hypoallergenic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
  6. Global Infant Formula Market, By Distribution Channel, 2015- 2026 (USD Billion)
    • Introduction
      • Market Share Analysis, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, 2019 - 2026
      • Segment Trends
    • Online
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Hypermarkets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Supermarkets
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Specialty stores
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2018 - 2026, (USD Billion)
  7. Global Infant Formula Market, By Region, 2015- 2026 (USD Billion)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018 - 2026
    • North America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • France
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • China
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • India
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • GCC
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
    • Africa
      • Market Share Analysis, By Country, 2017 and 2026 (%)
      • Y-o-Y Growth Analysis, By Country, 2018 - 2026
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Formulation, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Formula, 2015- 2026  (USD Billion)
          • Market Size and Forecast, By Distribution Channel, 2015- 2026  (USD Billion)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nestlé S.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kraft Heinz Food Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Groupe Danone
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Mead Johnson Nutrition Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Beingmate Baby & Child Food Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Plum Organics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Meiji Holdings Co., Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 32 market data tables* and 18 figures* on "Infant Formula Market” - Global forecast to 2026.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.