Global breast milk substitutes market has been witnessing a steady growth rate over the last few years owing to increased awareness about alternative products and a larger female population finding it difficult to maintain work-life balance. Today, working mothers get lesser time to feed their babies and greatly rely on infant formulas which help to build up their babies’ nutritional profile efficiently. Mother’s own milk is considered as the best source of nutrition for infants and it is broadly recognized as a biological fluid required for optimal infant growth and development
Demand for infant formula products has received a boost on account of certain physical problems that mothers face during the phase of breastfeeding which includes lactation failure or a low breast milk supply and problems due to illegal use of drugs at the time of pregnancy. Besides, many women could also be affected by infectious diseases like HIV, Herpes and human T-cell lymphotropic virus (HTLV). With regard to these factors, many research studies validate the positives of using baby formula and propelled consumption for the global breast milk substitutes market.
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Milk-based and soy-based breast milk substitutes have gained substantial traction in the recent years. However, it is plausible that in the times to come, hypoallergenic substitutes may gain massive popularity. This is because of the rising number of infants who have no resistance to cow’s milk or those who are allergic to soy milk substitutes.
Estimates claim that hypoallergenic breast milk substitutes market size is projected to cross USD 3.6 billion by 2025, with an anticipated target CAGR of 9% over the forecast period. This formula is known to be highly suitable for infants suffering from any kind of food allergy, or asthma, eczema, etc., which makes it the most suitable alternative for breast milk.
Breast milk substitutes are available in the concentrated liquid, ready-to-use, and powdered formulas. Of these, the ready-to-use formula segment held USD 24.2 billion in 2018 and is expected to grow at a prodigious pace over the forthcoming years. The growth can be credited to the high convenience, safety, and sterility provided by these products. Additionally, ready-to-use formulas offer favorable time-effectivity, which proves beneficial for working mothers in particular.
On account of tremendous technological advancements, the U.S. has been witnessing a boom in consumption of infant food products. In fact, U.S. breast milk substitutes market share is projected to hit $22.1 billion by 2025. Mead Johnson, a US-based baby formula maker was acquired by Reckitt Benckiser in 2017 in a deal $16.6 billion. The merger was expected to result in a medium to long-term growth of 3% to 5% for the company’s children’s nutrition portfolio and the global infant category of Mead Johnson, which is a prominent breast milk substitutes industry player.
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Partial Chapter of the Table of Content
Chapter 4. Breast Milk Substitutes Market, By Substitute Type
4.1. Key segment trends
4.2. Milk-based formula
4.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.3. Soy-based formula
4.3.1. Market size, by region, 2014 – 2025 (USD Million)
4.4. Hypoallergenic formula
4.4.1. Market size, by region, 2014 – 2025 (USD Million)
4.5.1. Market size, by region, 2014 – 2025 (USD Million)
Chapter 5. Breast Milk Substitutes Market, By Formula Type
5.1. Key segment trends
5.2.1. Market size, by region, 2014 – 2025 (USD Million)
5.3. Concentrated liquid
5.3.1. Market size, by region, 2014 – 2025 (USD Million)
5.4.1. Market size, by region, 2014 – 2025 (USD Million)
Chapter 6. Breast milk substitutes Market, By Distribution Channel
6.1. Key segment trends
6.2.1. Market size, by region, 2014 – 2025 (USD Million)
6.3. Retail stores
6.3.1. Market size, by region, 2014 – 2025 (USD Million)
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