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Baby Specialty Milk Formula Market Analysis by Age Group {New Born (0-3 months), Infant (3-12 months), Toddler (1-3 years)}; and by Distribution Channel (Supermarket, Pharmacy, Online, Specialty Outlets and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

Buy Now Report ID: 327 | Published Date: Feb 13, 2023

Top Featured Companies Dominating the Global Baby Specialty Milk Formula Market


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Market Segmentation

Our in-depth analysis of the global baby specialty milk formula market includes the following segments:

By Age Group

  • New Born (0-3 months)
  • Infant (3-12 months)
  • Toddler (1-3 years)

By Distribution Channel

  • Supermarket
  • Pharmacy
  • Online
  • Specialty Outlets
  • Others


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Top Featured Companies Dominating the Global Baby Specialty Milk Formula Market

top-features-companies
    • Danone S.A.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Perrigo Nutritionals
    • Nestle SA
    • Piermen B.V.
    • Bebelan Lacta Ltd.
    • Mead Johnson & Company, LLC.
    • Savencia Fromage & Dairy
    • Abbott Laboratories
    • Else Nutrition 
    • Arla Foods Ingredients Group P/S

     


In-the-news

In The News

  • As a result of parent demand for vegetarian, flexitarian and plant-based diet-compliant baby formulas, Danone S A launched the brand new Dairy & Plants Blend. 
  • In order to develop innovative products and technologies for South East Asia, Nestlé SA expanded its R&D facilities in Singapore 

preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Anil Kumar, Ipsheeta Dash


Key Questions Answered in the Report

1) What are the major factors driving the growth of the baby specialty milk formula market?

Ans: Growing disposable income, high women employment rate in developed countries and decreasing breastfeeding rates are the major factors driving the growth of the baby specialty milk formula market.

2) What would be the CAGR of baby specialty milk formula market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the baby specialty milk formula market growth?

Ans: Government initiative to spread awareness about breastfeeding and high production cost are the challenges affecting the market growth.

4) Which region will provide more business opportunities for growth of baby specialty milk formula market in future?

Ans: The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the baby specialty milk formula market?

Ans: The major players in the market are Danone S.A., Perrigo Nutritionals, Nestle SA, Piermen B.V., Bebelan Lacta Ltd., Mead Johnson & Company, LLC., Savencia Fromage & Dairy, Abbott Laboratories, Else Nutrition, Arla and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the baby specialty milk formula market?

Ans: The market is segmented by age group, distribution channel and, by region.

8) Which segment captures the largest market size in age group segment in the baby specialty milk formula market?

Ans: The new born segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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