Asia-Pacific Baby Infant Formula Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Ingredient and Distribution Channel : Asia-Pacific Opportunity Analysis and Industry Forecast, 2019-2026

The Asia-Pacific baby infant formula market size was valued at $11.4 billion in 2017, and is estimated to reach $26.8 billion by 2026 with a CAGR of 9.8% from 2019 to 2026. Nutrition is one of the most significant factors that influences a child’s development and growth. The baby infant formula market comprises a diversified range of products from various infant formulas to baby food products. According to the Federal Food, Drug, and Cosmetic Act, infant formula refers to the food for dietary use that is solely fed to infants, owing to the fact that it simulates the nutritious properties of human milk or serves as a complete or partial substitute of human milk.

The growth of the Asia-Pacific baby infant formula market is majorly driven by increase in awareness offered by baby infant formula such as it facilitates healthy growth & development of babies, improves cognitive performance & development, prevents them from allergies, and enhances gastrointestinal health & immunity. 

Moreover, rise in the middle-class population in emerging economies significantly contributes toward the growth of the market, owing to their high purchasing power and affordability to spend on children. In addition, rapid urbanization has led to the changes in the lifestyle of people. For instance, China and India with large population base have witnessed economic boom in the past decades, offering remunerative business opportunities for market expansion. Thus, rise in disposable income in countries such as China, India, Brazil, Indonesia, and others is anticipated to boost the growth of Asia-Pacific baby infant formula market.

Furthermore, breastfeeding is not always possible for working mothers; thus, baby infant formula serves as an appropriate alternative for infants, as its composition is similar to that of breastmilk. Baby infant formulas contain nucleotides necessary for the metabolic processes, such as energy metabolism and enzymatic reactions. These nucleotides act as building blocks of deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) for normal body functions. Furthermore, iron-rich infant formula helps to prevent anemia. Various infant formulas are based on probiotics, which help to prevent diarrhea, ease colic, and reduce the risk of food allergies. Moreover, infant formulas are rich in protein, linoleic acid, minerals, calcium, carbohydrates, phosphorus, iodine, sodium chloride, potassium chloride, and other nutrients, which are necessary for proper development of infants. Thus, physicians recommend the use of infant formula for babies as a substitute to breastmilk, owing to its high nutritional content, thereby boost the Asia-Pacific baby infant formula market demand.

Baby infant formula consists of infant milk, follow-on-milk, specialty baby milk, and growing-up milk formulated for the consumption of infants and toddlers. Infant milk contains the necessary nutrients, minerals, and vitamins for a baby to thrive and grow. Upsurge in participation of women in labor force has further led to rise in number of women professionals who prefer infant formula for their babies. This is expected to considerably augment the Asia-Pacific baby infant formula market growth.

The Asia-Pacific baby infant formula market is segmented into type, ingredient, distribution channel, and country. By type, the market is categorized into infant milk, follow-on-milk, specialty baby milk, and growing-up milk. Depending on ingredient, it is classified into carbohydrate, fat, protein, minerals, vitamins and others. As per distribution channel, it is segregated into hypermarket, supermarket, pharmacy/medical stores, specialty stores, hard discounter store, e-commerce, and others. Country wise, the market is analyzed across China, India, South Korea, Japan, Philippines, Indonesia, Australia, New Zealand, and rest of Asia-Pacific.

On the basis of type, the infant milk segment led in terms of Asia-Pacific baby infant formula market share in 2017, and is expected to retain its dominance during the forecast period. This is attributed to increase in number of working women, who majorly prefer infant milk for their babies, since breastfeeding is not always a feasible option for them. Moreover, many working women resume at work shortly after giving birth, which makes them opt for alternatives, such as infant milk, to feed their child.

Depending on ingredient, the carbohydrate segment dominated the market in 2017, due to the fact that carbohydrates are infant’s essential source for proper growth and development. Intake of nutrient-dense carbohydrates by infants is expected to optimize their growth and maintain a healthy body weight, which further fuels the growth of the segment.

By distribution channel, the supermarket segment garnered the highest share of the Asia-Pacific baby infant formula market in 2017. This is attributed to the fact that supermarkets are gaining popularity, owing to the availability of broad range of consumer goods under a single roof, ample parking space, and convenient operation timings. Moreover, increase in urbanization, rise in working class population, and competitive pricing boost the popularity of supermarkets in developed and developing countries.

The key players operating in the Asia-Pacific baby infant formula market industry include Abbott, Arla Foods Amba, Campbell Soups, Dana Dairy Group Ltd., Danone, Nestle S.A., Reckitt Benckiser (Mead Johnson & Company LLC), Perrigo Company Plc, Heinz Baby, and Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF).

Key Benefits for Stakeholders:

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Asia-Pacific baby infant formula market analysis from 2017 to 2026 to identify the prevailing market opportunities.
• The key countries in all the major regions are mapped on the basis of market share.
• The Asia-Pacific baby infant formula market forecast is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis of the market segmentation assists to determine the prevailing Asia-Pacific baby infant formula market opportunity. 
• Major countries in the Asia-Pacific region are mapped according to their revenue contribution to the industry. 
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the Asia-Pacific baby infant formula market trends, key players, market segments, application areas, and growth strategies.

  Asia-Pacific Baby Infant Formula Market Report Highlights