Global Organic Baby Formula Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Organic Baby Formula Market Overview:
“The global Organic Baby Formula Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Baby formula is also known as infant formula that is designed for providing healthy diet to children. Baby formula is provided to infants between age group – of zero to twelve months. It contains cow’s milk, blend of vegetable oil, essential nutrients, etc. which is essential for proper growth of the infants. Baby formula is used as substitute to breastmilk. Availability of different types of organic baby formula coupled with various benefits is encouraging parents to use baby formula for their children.
Growing infant health concerns is a major factors driving growth of the global market. Individuals prefer organic baby formula over conventional baby products, owing to excessive use of chemicals and various food adulterants in regular baby formula. Increasing working women population is another factor parents are choosing organic baby formula that can be used instead of breast milk. Strict government rules against use of chemicals in baby formula is another factor fueling growth of the target market. Furthermore, rising infant population and increasing demand for organic food products globally are factors expected to propel growth of the global market.
However, high cost of organic baby formula is expected to hamper growth of the global organic baby formula market.
Development of cost-effective organic baby formula can create high revenue opportunities for players in the target market.
The market in North America accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to rising health concerns and stringent government guidelines for manufacturers in the region. The market in Europe is expected to account for second-highest share in the market in terms of revenue over the forecast period, owing to changing lifestyle and increasing preference for convenient baby foods by working women in the region. The market in Asia Pacific is expected to witness a significant growth in the near future, owing to increasing infant population especially in China and India.
Global Organic Baby Formula Market Segmentation:
Segmentation by product type:
- Starting milk formula
- Follow-on milk formula
- Special milk formula
- Others (Biscuits, Puffs, and Snacks, etc.)
Segmentation by basis of formulation:
- Powdered formula
- Concentrated liquid formula
- Ready-to-feed formula
Segmentation by distribution channel:
- Supermarkets & Hypermarkets
- Retail Stores
- Online Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Abbott Laboratories
- Nestlé S.A.
- Hero Group AG
- Amara Holdings Limited
- Danone SA
- Plum Inc.
- The Hain Celestial Group, Inc.
- North Castle Partners, L.L.C.
- HiPP GmbH & Co. Vertrieb KG
- Baby Gourmet Foods Inc.
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