Breast Milk Substitutes Market Growth Analysis, Opportunities and Forecast To 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-24
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Breast Milk Substitutes Market Growth Analysis, Opportunities and Forecast To 2025

The growth graph of breast milk substitutes market has been increasingly steady since a while now. A highly regulatory-driven business space, this industry has gained traction mainly on account of the rising percentage of working women worldwide, among other factors. The last decade has witnessed a meteoric rise in the rates of working female populace. According to the U.S. Department of Labor, as on 2017, nearly 47% of workers in the U.S. are females, and over 39% of women work in occupations where they account for at least 75% of the workforce.

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.

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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.

While birth rates worldwide seem to be on the downward spiral, developing countries such as China and India have been observing an increase in birth rates. Alongside though, the working women populace has increased in China, leading to a reduction in the breastfeeding rate. This has consequently led to an upsurge in the demand for infant nutrition products. Estimates claim that China held the largest proportion of breast milk substitutes market share in 2018 and is likely to exhibit a CAGR of 11.4% through 2025.

China was slated as one of the largest breast milk substitute markets in 2018. The regional industry is anticipated to grow at a rate of 11.4% given to high birth rate, low exclusive breastfeeding rate, and increasing adoption of infant formula. Increasing awareness regarding infant formula and lack of appropriate regulations may further likely drive China breast milk substitutes market growth.

The global breast milk market is highly competitive in nature. Some companies that are renowned in this industry include Abbott Nutrition, Mead Johnson (Reckitt Benckiser), Kraft Heinz, Danone, Nestle, among others. These firms are increasingly devised on strengthening their presence in emerging marketing. They are also leveraging numerous strategies like campaigns and advertisements to promote their products and widen their customer base.

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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. Others

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. Powdered

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. Ready-to-use

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. Pharmacies

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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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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