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The report, “Global Infant Formula Market” prudently analyzes the development of the respective market. For more: [email protected]
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Global Infant Formula Market - Focus on China
----------------------------------------- 2014
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Executive Summary
The market for infant formula products is one of the major and the fastest growing segments of the overall baby foods industry. Infant formula is either a partial or a total substitute for breast milk for infants and is recommended for feeding during the first twelve months. Since the start of the millennium, international awareness regarding the importance of early childhood nutrition has been on the rise. All over the world parents are becoming more concerned about the nutritional benefit of pediatric foods and breast-milk supplements.
Increasing proportion of women participation in labor force and increased affordability supported by waning price responsiveness and a rise in disposable income across the world are the major factors that have helped the global IMF market to attain stronger growth levels. Though the market has been experiencing lower demand and growth from the traditional matured markets of the West stemming primarily from declining birth rate, the developing world, especially the Asia and Pacific region and Latin America have provided the headroom for the global market expansion. The market is dominated by the Asian region which consumes about three-fifths of the global IMF supplies. Particularly, China has gained the stature to maneuver the market single-handedly since the country alone accounts for about two-fifth of the global IMF market revenues.
The report, “Global Infant Formula Market” prudently analyzes the development of the respective market, with a focus on the single largest market, China, and other regional but important markets. The report discusses the major trends, growth drivers as well as issues being faced by the industry. The global infant formula market is predominated by a handful of players including Nestlé, Danone, Mead Johnson Nutrition and Abbott which keep vying for greater market share. The profiles of these leading players are also included in the report along with their key financials and strategies for growth. .
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have projected the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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The global infant formula market remains on the uptrend driven largely by buoyant average selling price and growing proportion of women in labor force…
In 2013, global baby food/infant nutrition market was valued at US$… billion, an increase of …% over 2012.
The global infant formula market was valued at US$… billion in 2013, an increase of …% over 2012.
China’s infant formula market continues to be robust and is estimated to reach US$… billion by the year end 2014 growing by …% over 2013 level.
In volume terms, Asia consumes ...% of the global supplies followed by the combined share of the US and EU which stood at …% in 2013.
In value terms, China accounts for almost …% of the global market revenues followed by major regions of the world.
Global Infant Formula Market (2007-2013)
2008 2009 2010 2011 2012 2013
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Global Baby Food/Infant Nutrition Market (2008-2013)
China’s Infant Milk Formula Market (2007-2014E)
2007 2008 2009 2010 2011 2012 2013
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2007 2008 2009 2010 2011 2012 2013 2014E
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The global infant formula industry remains highly influenced by China’s domestic factors including lower breastfeeding ratio, rising penetration of e-commerce and increasing ‘premiumization’ of the market …
China’s breastfeeding ratio declined from …% in 1998 to …% in 2013 against the world average of …% largely owing to changes in lifestyle that accompanies the process of rapid urbanization.
Over the seven years starting from 2006, e-commerce has almost doubled in its penetration reaching …% of the Chinese population in 2012 which is likely to increase further.
Over the last five years starting from 2009, the premium segment of the market has grown by over ….% while the low- and mid-end segments have registered a slower growth of …% and …% respectively.
Foreign brands’ dominance over China’s e-commerce market space is increasing at a rapid pace and in 2013, imported brands occupied the top five spots in e-commerce with …% of the market share.
E-commerce Penetration, China (2006-2012)
Breastfeeding Ratio, China (1998, 2003, 2008, 2013)
1998 2003 2008 2013
Bre
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Growth in IMF Market Product Segments, China (2009-13)
2006 2007 2008 2009 2010 2011 2012
% P
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mm
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Low Middle High Premium
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Improving economic conditions, still growing numbers of child births across the developing world, increased affordability and increasing proportion of women opting for work are the other factors driving the global market…
• The global infant formula market is forecasted to grow at a CAGR of ….% and is expected to reach US$... billion by 2017.
• Rising demand from emerging economies, especially from China; waning price sensitiveness, growing proportion of working women; increased consolidation; China’s loosened One-Child Policy and improving global economic conditions are likely to keep the global market afloat in the medium term.
• The newer stance of Chinese authorities towards nurturing domestic market and a shift towards more expensive and premium products is certain to provide a boost for the market for years to come.
World Infant Formula Market Forecasts, 2013-2017F
2013 2014F 2015F 2016F 2017F
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