The Global Breast Milk Substitutes Market size was priced USD 58 billion in 2017 and is estimated to witness 12.3% CAGR from 2018 to 2025. Increased number of working women in developed and developing countries will lead the breast milk substitute market growth. Growing initiative to navigate women education and empowerment is raised in the working-class women, especially across the low and middle income nations. The busy work schedule does not commence breastfeeding and may curb to the baby’s growth. Thus, many women prefer instant formula to gain sub-optimal development and growth of baby; this will hugely impact breast milk substitute’s market growth over the approaching years.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global breast milk substitute market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global breast milk substitute market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Segment Insights

By Formula Type Insights: A powdered breast milk substitute is estimated to advance strong over the projected years. The powdered formulas are basically used breast milk substitute owing to ease of preparation and high cost-effective in differentiation with other types of breast milk substitute formula. To boost, leading market players includes Nestle, Abbott Nutrition and Danone among few others are majorly involved in manufacturing of powdered formulae. Preliminary factors will enlarge the adoption rate of powdered breast milk substitute over the forecasted period.

Ready-to-use breast milk substitute accounted for ample revenue growth in 2017. The formula type offers high infertility, safety and is convenient option for the working-class women. Ready-to-use breast milk substitutes offer favourable time-effectivity; moreover, it is costly than other breast milk substitutes, that may hamper its options. However, such breast milk substitutes can be used for new born with high risk of infection thus expands the sector.

By Substitute Type Insights: The milk-based substitute market dominates the global market with highest shareholder in 2017 and is expected to lead its role in forthcoming years. The utilization of milk-based substitute has increased over the time as cow/goat milk is additive breast milks nutritional qualities to the babies. The cow milk is strengthened with vitamin D and calcium aid the whole body growth along with bone development of baby. In addition, milk-based new-born formula contains vitamins, minerals, vegetable oils and iron for the child growth. So, milk-based substitute is the most commonly used substitute type will boost the industry through the forecasted period.

The hypoallergenic formula market is anticipated to increase in global market in forecasted span. Hypoallergenic milk substitute are of basically protein hydrolysate formulas recommended for new-born unable to abide cow’s milk or soy-based formulae. Hypoallergenic formula contains hydrolysed proteins that may partly or broadly hydrolyse into smaller sizes found in cow milk or soymilk, so helping the new born with allergies. Thus, rising prevalence of eczema, food allergy and asthma should lead the segment growth over the coming years.  

Regional Analysis

The global breast milk substitute market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In Asia Pacific, China dominates the whole market around globe and is estimated to surge its dominance in upcoming years. Owing to needy regulations and lack of proper legislation for breastfeeding are the elementary for high sales of breast milk substitute in the country. In addition, China is focusing on reducing child mortality rates by developing good infant and young child feeding practices in rural areas. Low breastfeeding rates will more impact the product demand, therefore offering profitable growth potential to China breast milk substitute industry.

Global Breast Milk Substitutes Market Size, Share Analysis By Region 2017

North America, Mexico breast milk substitute market is expected to increase in forecasted period with increasing CAGR. Owing to lower rates of breastfeeding by mothers in the country will be a major contributor for leading the demand for breast milk substitutes. As reported by World Health Organization, Mexico has the lowest rate in breastfeeding. Moreover, increased spending on market of breast milk substitutes will boost the business growth in coming years. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.     

Global Breast Milk Substitutes Market Study Objective

1. To forecast the market size of breast milk substitute market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of breast milk substitute market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of breast milk substitute market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of breast milk substitute market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the breast milk substitute market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players

The major key players which driving the breast milk substitutes market are Nestle, Danone, Abbott Nutrition, Mead Johnson and Kraft Heinz.

Global Breast Milk Substitutes Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.