China Infant Formula Market: Size, Trends & Forecasts (2019-2023)
- Report Description Table of Contents
Scope of the Report
The report entitled “China Infant Formula Market: Size, Trends & Forecasts (2019-2023)”, provides analysis of the China infant formula market, with detailed analysis of market size and growth of the industry. The analysis includes the market by value, by volume, by segmentation and by products.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall China infant formula market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Nestle, Danone, Abbott Laboratories and Feihe International Inc. are some of the key players operating in the China infant formula market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
- Abbott Laboratories
- Feihe International Inc.
Infant formula (milk formula) is the nearest substitute for human breast milk for an infant. Infant formula is manufactured by mixture of dairy & other nutritional components. Usually, infant formula is manufactured for nourishing infants under the age of 12 months, in order to support them in accomplishment of healthy growth & maintaining good health. Infant formula is prepared for bottle-feeding or cup-feeding from mixing powder and liquid.
The production of infant formula follows a certain procedure. The most basic steps involved in production of infant formula are the liquid preparation from skim milk and ingredients mixture, then concentration of mixture is done, followed by powder preparation and packaging of that powdered form infant formula. There are various types of infant formulas available in the market which are composed of unique ingredients such as nutrients content, calorie count, taste and ability to be digested. Some of the common infant formula used globally are cow milk, soy based, protein hydrolysate, lactose free, special and newer formula.
China is a major contributor to the infant formula market at the global level and is supported by increased population in China after withdrawal of one child policy by the Government of China in 2013 and increased income of middle class population.
The China infant formula market has increased at a significant CAGR during the years 2013-2018 and projections are made that the market would rise in the next four years i.e. 2019-2023 tremendously. China infant formula market is expected to increase due many growth drivers such as high female workforce share, rising middle class & dual income families, increasing expenditure on premium nutrition, etc. yet the market faces some challenges such as declining new birth in china, foreign brands dominating the market, etc. global hyper converged infrastructure market is expected to observe some new market trends such as gaining popularity by goat milk instant formula, favorable policies for domestic brands, etc.