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1. Hain Celestial Group, Inc.
2. Reckitt Benckiser Group Plc.
3. Danone - WhiteWave Foods
4. Arla Food
5. Ausnutria
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The baby milk formula is specially manufactured for the infants under 12 months. The formula is usually prepared for feeding milk to the baby other than mother’s milk. Though breastfeeding is always recommended for the babies under 6 months, but mothers still prefer milk formula for their baby to get more nutrition. However, the baby milk formula is more popular than the other baby food products in the market. The milk formula contains various nutrients like carbohydrates, fats, proteins, vitamins, minerals and etc. These nutrients are very important for development of the baby. The three major baby milk formulas, mostly preferred by the new mothers are, Cow milk protein-based formulas, Soy-based formulas and Protein hydrolysate formulas.
Cow milk-based formula is prepared with cow’s milk, that has been the alternative of the breast milk. Therefore, this formula gives the right balance of nutrients and also makes the formula easier for digestion. This formula is mostly preferred by every baby. The Soy-based formulas are meant for those who want to exclude animal proteins from their child’s diet. This formula can also be an option for the babies who are intolerant or allergic to cow milk formula or allergic to lactose, for those soy-milk formula can be useful. The protein hydrolysate formulas contain protein that is broken down into smaller sizes, than those in cow milk and soy-based formulas. This formula is meant for babies who can’t tolerate cow milk or soy-based milk.
In the research report published by Actual Market Research titled- Global Baby Milk Formula Market Overview, 2021-2026, in 2015 the global baby milk formula market valued more than USD 30 million, and it is expected that by the end of the forecasted period, the market will be growing less than USD 60 million. Globally, China leads the market with a little higher market share of 15% by the end of the forecasted period and regionally, in 2015 Asia leaded the milk formula market share by more than 30% and will increase through the forecasted period. As per country wise Brazil has a potential market growth by the increase of the disposable income by a large number of working women in this country.
With the help of the government initiatives for improving the penetration of baby milk formula across the countries like India and China is helping out the market to grow. The reason behind the popularity of the baby milk formula, are the millennial parents. The millennial parents are more conscious about the healthy ingredients, this reason is also enhancing the companies to come up with clean label marketing. This is also driven the companies to adopt and to introduce organic food products for babies across the globe.
Few best baby milk formulas across the globe are, Similac Pro-Advance Infant Formula, Burt’s Bees Baby Formula, Earth’s Best Organic Dairy Infant Powder Formula, Enfamil NeuroPro Baby Formula Milk, Enfamil Neuro Pro Gentlease Baby Formula, Similac Go & Grow, Happy Baby Organic Infant Formula, Similac Advance Infant Formula, Enfamil Nutramigen Hypoallergenic Colic Baby Formula, Neocate Infant Baby Formula, Gerber Good Start Powder Infant Formula, Alfamino Infant Formula.
Major players in the Baby Milk Formula Market are:
1. Arla Foods
2. Ausnutria
3. Beingmate
4. Danone
5. Ella's Kitchen
6. Friesland Campina
7. Happy Family Brands (Nurture Inc)
8. Hero Group
9. Hipp Organic (UK)
10. Mead Johnson Nutrition
11. Perrigo Company plc
12. Reckitt
13. Sun-Maid Growers of California
14. The Hain Celestial Group
15. The Kraft Heinz Company
CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026
REGIONS COVERED:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
ASPECTS COVERED IN THE REPORT
• Market Size by Value for the period (2015-2026F)
• Market Share by Sales Channel (Supermarket & Hypermarket, Pharmacy/ Drug Store, Convenience Stores & Online)
• Market Share by Region
• Market Share by Country
• Market Share by Company
This report would help you answer the following questions:
1. What is the market size and forecast of the Global Baby Milk Formula Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Baby Milk Formula Market during the forecast period?
3. Which region outstands in the Global Baby Milk Formula Market?
4. Which are the segments to invest in over the forecast period in the Global Baby Milk Formula Market?
5. What is the competitive strategic window for opportunities in the Global Baby Milk Formula Market?
6. What are the technology trends and regulatory frameworks in the Global Baby Milk Formula Market?
7. What are the major companies in the Global Baby Milk Formula Market?
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