Organic Infant Formula Market Overview:
According to the latest report, the global organic infant formula market size is predicted to reach USD 92.10 Billion by the end of the year 2030 by registering a CAGR of 13.45 % during the forecast period. Organic infant formula is basically a substitute for breast milk for babies. It is synthesized milk that is highly used for newborns below 12 months. Organic infant formula is generated through organic milk sources, these organic ingredients are primarily not milk ingredients, and they are processed, refined sweeteners. Moreover, there are no artificial ingredients used while producing organic infant formula, and it contains organic and natural ingredients. It offers nutritional benefits to the babies, which is closer to breast milk.
The evolution of parenting styles across the world due to busy lifestyle and hectic working hours are the major factor that is contributing to the growth of the global market. The rising disposable income of emerging countries is another major factor that is boosting the demand for organic infant formula. The shift of focus on natural and organic food ingredients is increasing over the past few years, which ultimately increases the demand for clean label products and hence contributed to the growth of the organic infant formula market. Moreover, the rising demand for convenience food along with the good performance of the retail sector is another major factor that is boosting the demand and influencing the sales of organic infant formula in the upcoming years. The shift of demand of the consumers from chemical ingredients to plant-based or all-natural ingredients is expected to boost the demand for clean labels and organic infant nutrition products. However, the high prices of the products in underdeveloped and developing countries can create a hurdle in the growth of the global organic infant formula industry.
This report contains all the information on the global organic infant formula market research and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global organic infant formula industry analysis and forecast to 2023 is also included in the report.
Covid 19 Analysis
The rapid outspread of the covid 19 has immensely contributed to the increasing concerns for infants’ well beings and health of the individuals, and to assure the maximum safety, the major key players of the global organic infant formula market are actively working on launching new products with vitamin-D forfeited infant formula.
The rising organic infant formula market demands dynamic such as suboptimal breastfeeding rates, which are the depending on the substitute of breast milk at the early stage, and fertility rates are the major factor that is contributing to the growth of the global market. The lifestyle changes of the individuals and modernization of the consumers also acting as a major factor of growth in global organic infant formula industry.
The rise in the numbers of mothers and working females across the globe, along with the substantial rises in their spending, has created opportunities for the key manufacturers in the global market to boost up the sales of baby nutrition products.
The reduction in the acceptance of high or premium prices baby products around the developing countries due to the low per capita income can be considered as the major obstacle for the growth of the global organic infant formula industry.
The strict regulations of the governments regarding the launches of new products, along with that the complex process of the registration of new products, are the major challenges faced by the key manufactures of the organic infant formula industries.
Cumulative Growth Analysis
According to the reports of the United States Department of Agriculture (USDA), the number of organic ingredients in any organic infant formula should be at least 95% to provide more nutritional benefits as compared to the regular or conventional infant formula.
Value Chain Analysis
According to the latest report, the global organic infant formula market is segmented on the basis of product type, formulation, distribution channel, and region. On the basis of product type, the global organic infant formula industry is segmented into starting milk formula, follow-on milk formula, special milk formula, and others. The follow-on milk formula segment is predicted to observe the highest CAGR in the global organic infant formula market share during the forecast period due to its high nutritional value; it is also high in protein, iron, calcium, and other micronutrient contents. On the basis of formulation, the global market is segmented into powdered formula, ready to feed formula, concentrated liquid formula, and others.
On the basis of the distributional channel, the global organic infant formula market is distributed into store-based and non-store-based. The store-based segment is further divided into hypermarkets & supermarkets, convenience stores, and others. The global organic infant formula market has observed tremendous growth in the hypermarkets & supermarkets segment as these stores are providing enhanced convenience, building offers, schemes, separate sections of babies, and easy shopping experiences for the consumers.
The market is segmented on the basis of the product type, formulation, distribution channel, and region. The global organic infant formula market is expected to witness decent growth during the forecast period.
Based on the application, the market is segmented into starting milk formula, follow-on milk formula, special milk formula, and others.
Based on the propulsion types, the market is segmented into store-based and non-store-based. The store-based segment is further divided into hypermarkets & supermarkets, convenience stores, and others.
According to the latest report, on the basis of region, the global organic infant formula market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific segment is predicted to account for the largest organic infant formula market share due to the rise in demand for the substitute milk for the newborn; the birth rate in this region is also very high, which is another main reason for the high demand for the organic infant formula. China is considered the major consumer of baby food products and organic infant formula in the whole world due to its high birth rate. India and Australia are also predicted to witness a magnificent growth in the regional organic infant formula industry revenue.
The manufacturers of organic infant formula are focusing on expanding their business in emerging countries like India, China, Brazil, ASEAN countries, and other developing countries. There are several advancements in technology over the last few years in the organic infant formula, which is driving the growth of the global market.
Major Key Players
The following report comprises of:
In 2017 February, Reckitt Benckiser had made an agreement to buy U.S baby formula maker Mead Johnson Nutrition for $16.6 Billion; it will provide British consumer goods company a new line of the product while expanding the presence of the company in developing markets.
Global Market, by Product Type
Global Market, by Formulation
Global Market, by Distribution Channel
Global Market, by Region
Rest of the World (RoW)
Frequently Asked Questions (FAQ) :
Organic infant formula market is projected to grow at a 14.1% CAGR between 2022-2030.
The Asia Pacific is expected to lead the organic infant formula market.
The organic infant formula market is predicted to touch USD 92.10 billion by 2030.
Starting milk formula segment will lead the organic infant formula market.
High initial capital investment may limit the organic infant formula market growth.