Breast Milk Substitutes Market Analysis to 2025 - Growth Trends and Changes Influencing the Industry

Breast milk substitutes market has been witnessing exponential growth on account of the emergence of numerous distribution channels, such as retail stores and pharmacies. Speaking of retail, the India retail sector valuation reached $672 billion in 2017 and is anticipated to exceed $1 trillion mark by 2020. The rising need to market breast milk substitute products via retail stores and the expanding retail industry will push breast milk industry size from the retail distribution channel. As per estimates, retail stores segment accounted for over 45% of breast milk substitutes industry share in 2018 and is estimated to grow considerably over 2019-2025. 

Infants often face difficultly digesting cow milk and soy-based formulae. As a viable alternative, women mostly opt for hypoallergenic breast milk substitutes for their child. This formula is suitable for infants suffering from eczema, food allergy and asthma. With growing acceptance, studies suggest that hypoallergenic substitute market may witness over 9% CAGR during the forecast timespan and reach USD 3.6 billion by 2025.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3373

The robust growth of breast milk substitutes market is likely to be influenced by the escalating number of working women. As a substantial proportion of the female populace is being inducted in the workforce, hectic lifestyles have been demanding the need for breast milk alternatives so as to ensure adequate nutrition for babies. That apart, development of retail stores that specially stock baby food products is also going to enhance the revenue share of breast milk substitute industry, in tandem with the consistent efforts of companies to develop different formula types of breast milk.

Based on formula, the breast milk substitute market is primarily segmented into concentrated liquid, powdered and ready-to-use formula. Of these, the ready-to-use market has recorded USD 24.2 billion in 2018. Features like high safety, convenience, and sterility has encouraged consumers to opt for such breast milk substitute formula. It also provides favorable time-effectivity to working women.

In 2018, distribution of breast milk substitute via retail stores accounted for more than 45% of the total market share. Factors like convenience offered to customers and product availability have majorly influenced this growth. With an increase in number of retail stores in developed as well as developing nations, the breast milk substitute market may accrue accelerated growth over the forecast time period.

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.

Key industry players have been striving to bring about innovations in the market and have also been forging collaborations to enhance the revenue share of the business. Estimates claim that breast milk substitutes market size will exceed $119 billion by 2025.

Request for customization @ https://www.gminsights.com/roc/3373

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)

6.4. Others

6.4.1. Market size, by region, 2014 – 2025 (USD Million)

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/breast-milk-substitutes-market