Organic Infant Formula Market Overview:
Organic infant formula is a type of milk that is artificially synthesized and are apt for babies below 12 months of age. The product has no chemical and is quite safe for kids. The global organic infant formula market has the potential to grow with 7.56% CAGR during the forecast period of 2022 to 2030. Market Research Future (MRFR) in their latest report on the organic infant formula market revealed a possibility of surpassing a valuation of USD 32.53 billion by the end of 2030.
Stringent government policies, promotional activities by retailers, and change in consumer preference are expected to play major roles in taking the global organic infant formula market ahead. Retailers have correctly identified how consumers are transforming their tastes and which way they are leaning. Their promotional activities are targeting these changes to maximize their profit.
Competitive Landscape:
Several companies have understood the potential of the global organic infant formula market and are targeting the client base by implementing various strategic moves. These moves solidify their market position and take the global market ahead with holistic changes. These companies are Holle baby food GmbH (Switzerland), Abbott Nutrition Manufacturing Inc. (U.S.), Zuivelcoöperatie Frieslandcampina U.A. (the Netherlands), Bellamy's Organic Pty Ltd. (Australia), Hain Celestial Group, Inc. (U.S.), HiPP GmbH Co. Vertrieb KG (Germany), Beingmate Baby Child Food Co., Ltd. (China), and others. MRFR profiled these companies to make sure that they understand the route the market is going to opt for in the coming days.
Segmentation:
Type, formula, and distribution channel are the three major segments in MRFR’s report on the global organic infant formula market overview. This segmentation provides a closer look at the market and lays the groundwork for opportunities that can be explored later.
Based on type, the global organic infant formula market insights report can be segmented into starter milk formula, follow-on milk formula, special milk formula, and others. The starting milk formula segment has the largest market share, and in the coming years, it has the potential to fetch a 14.74 percent CAGR. The demand is quite high among consumers in the developing region. Malnutrition is a big issue that can be addressed by the product, which has the recognition of the WHO and FAO. Such an advantage can definitely help the market have high hopes for the future.
Based on the formula, the global organic infant formula market comprises powdered formula, concentrated liquid formula, ready-to-feed formula, and others. The powder has the largest share of the global market and can push ahead with a CAGR of 13.94% over the forecast period. A surge in the demand for ready-to-feed infant milk formulations can transform the market in the coming years.
Based on the distribution channel, the global organic infant formula market consists of store-based and non-store-based products. The store-based segment has better market command and is expected to show a 13.79% CAGR over the forecast period.
Regional Analysis:
Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW) are four regions in which the global organic infant formula market outlook can be studied. The attempt is to reveal growth pockets that can be explored later for a proper analysis.
The APAC market has the maximum domination due to its growing use as a supplement for proper nutritious food. It is projecting a stage where it can gain 16% CAGR during the forecast period. The region has several developing countries with a huge pool of infants suffering from malnutrition. On the other hand, these countries are enjoying substantial economic growth, which can change the scenario inside the market. The APAC organic infant formula market has the potential to reach a USD 3998.67 million valuation by 2030. The Rest of the World (RoW) market can contribute much as market titans are exploring potentials in the South America region. The segment has the potential to grow at a 13.80% CAGR over the forecast period.
Industry News
In August 2019, Bubs Australia announced that their goat milk products in the organic infant formula category has witnessed substantial hike.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Related Reports
