Asia Pacific Infant Formula Market Size, Share, Trends & Analysis by Formula Type (Cow’s Milk Protein-Based, Soy-Based, Protein Hydrolysate), by Form (Powdered, Concentrated Liquid, Ready-to-Use), by Distribution Channel (Offline, Online) and Region, with Forecasts from 2024 to 2034.

  • Published: July, 2024
  • Pages: 139
  • Format:
  • Report ID: 42796380
  • Industry: Food & Beverages

Market Overview

 

The Asia Pacific Infant Formula Market is poised for substantial growth over the forecast period, driven by rising birth rates, increasing awareness about infant nutrition, and the growing demand for convenient feeding solutions. The market is expected to reach a valuation of USD XX.XX billion by 2034, expanding at a compound annual growth rate (CAGR) of XX.XX% from USD XXX.XX billion in 2024. This optimistic outlook is underpinned by several key factors:

 

• Increasing Birth Rates and Urbanization: The region's burgeoning population and rapid urbanization are leading to higher birth rates and a greater demand for infant formula products, as parents seek reliable and nutritious feeding options.

 

• Growing Awareness of Infant Nutrition: Awareness about the benefits of proper infant nutrition is increasing among parents, healthcare providers, and policymakers, fueling demand for high-quality infant formula.

 

• Convenience and Working Mothers: The rise in the number of working mothers has boosted the demand for convenient and ready-to-use feeding solutions, making infant formula a preferred choice.

 

Definition and Scope of Infant Formula

 

Infant formula is a manufactured food designed and marketed for feeding to babies and infants under 12 months of age, typically prepared for bottle-feeding or cup-feeding from powder or liquid. These formulas are intended to substitute or supplement breast milk. The scope of the infant formula market includes various formula types such as cow’s milk protein-based, soy-based, and protein hydrolysate formulas, available in powdered, concentrated liquid, and ready-to-use forms. These products are distributed through both offline (supermarkets, specialty stores) and online channels.

 

Market Drivers

 

• Rising Birth Rates and Population Growth: Increased birth rates and overall population growth in the Asia Pacific region are significant drivers of the infant formula market. Countries such as India and China contribute notably to this trend.

 

• Increased Awareness of Nutrition: Growing awareness about the importance of infant nutrition is driving the demand for infant formula, particularly those enriched with essential nutrients for infant development.

 

• Increasing Female Workforce: The rising number of working mothers is contributing to the demand for convenient feeding options like infant formula, which offers a practical alternative to breastfeeding.

 

Market Restraints

 

• Breastfeeding Promotion Initiatives: Government and health organization initiatives promoting breastfeeding as the best source of nutrition for infants may hinder the growth of the infant formula market.

 

• Regulatory Challenges: Stringent regulations regarding infant formula ingredients, labeling, and advertising pose challenges for market players. Compliance with these regulations can be complex and costly.

 

• High Costs: The relatively high cost of infant formula compared to breastfeeding may limit its adoption, particularly in low-income regions.

 

Opportunities

 

• Emerging Markets: Rapid economic growth, urbanization, and increasing disposable incomes in emerging markets such as India, China, and Southeast Asian countries present significant growth opportunities for the infant formula market.

 

• Innovative Product Development: Ongoing research and development efforts focused on enhancing the nutritional profile and safety of infant formula, including organic and hypoallergenic options, are expected to drive market growth.

 

• E-commerce Expansion: The expanding e-commerce sector in the Asia Pacific region provides a robust platform for the distribution and sale of infant formula, offering convenience and a wider reach to consumers.

 

Market Segmentation Analysis

 

• By Formula Type

    ○ Cow’s Milk Protein-Based

    ○ Soy-Based

    ○ Protein Hydrolysate

 

• By Form

    ○ Powdered

    ○ Concentrated Liquid

    ○ Ready-to-Use

 

• By Distribution Channel

    ○ Offline

    ○ Online

 

Regional Analysis

 

The Asia Pacific Infant Formula Market is expected to grow robustly across various regions:

 

• China: As the largest market in the Asia Pacific region, China's high birth rate, increasing disposable income, and strong demand for premium infant formula drive market growth.

 

• India: Significant growth is anticipated in India due to its large population, rising middle class, and increasing awareness about infant nutrition.

 

• Japan: Japan is expected to witness steady growth driven by a high standard of living and a strong emphasis on quality and safety in infant nutrition products.

 

• Australia: Australia is set for significant growth, fueled by high awareness of infant nutrition and strong market presence of international brands.

 

• Southeast Asia: Countries in Southeast Asia, including Indonesia, Malaysia, and Thailand, are projected to experience substantial growth due to rising birth rates and improving economic conditions.

 

Competitive Landscape

 

The Asia Pacific Infant Formula Market features several prominent players, including:

 

Nestlé

Danone

Abbott Laboratories

Mead Johnson Nutrition

FrieslandCampina

Kraft Heinz

Yili Group

Feihe International Inc.

Ausnutria Dairy Corporation Ltd.

Beingmate Baby & Child Food Co., Ltd.

Table of Contents:

 

1. Introduction

    1.1. Definition of Infant Formula

    1.2. Scope of the Report

    1.3. Research Methodology

 

2. Executive Summary

    2.1. Key Findings

    2.2. Market Snapshot

    2.3. Key Trends

 

3. Market Dynamics

    3.1. Market Drivers

        3.1.1. Rising Birth Rates

        3.1.2. Increasing Awareness of Infant Nutrition

        3.1.3. Growing Number of Working Mothers

        3.1.4. Other Market Drivers

    3.2. Market Restraints

        3.2.1. High Cost of Infant Formula

        3.2.2. Breastfeeding Advocacy

        3.2.3. Regulatory Challenges

        3.2.4. Other Market Restraints

    3.3. Market Opportunities

        3.3.1. Innovation in Formula Ingredients

        3.3.2. Expansion in Emerging Markets

        3.3.3. E-commerce Growth

        3.3.4. Other Market Opportunities

 

4. Asia Pacific Infant Formula Market Analysis

    4.1. Market Size and Forecast (2024-2034)

    4.2. Market Share Analysis by:

        4.2.1. Formula Type

            4.2.1.1. Cow’s Milk Protein-Based

            4.2.1.2. Soy-Based

            4.2.1.3. Protein Hydrolysate

        4.2.2. Form

            4.2.2.1. Powdered

            4.2.2.2. Concentrated Liquid

            4.2.2.3. Ready-to-Use

        4.2.3. Distribution Channel

            4.2.3.1. Offline

            4.2.3.2. Online

    4.3. Value Chain Analysis

    4.4. SWOT Analysis

    4.5. Porter's Five Forces Analysis

 

5. Regional Market Analysis

    5.1. China

        5.1.1. Market Overview

        5.1.2. Market Size and Forecast

        5.1.3. Key Trends

        5.1.4. Competitive Landscape

    5.2. Japan

        5.2.1. Market Overview

        5.2.2. Market Size and Forecast

        5.2.3. Key Trends

        5.2.4. Competitive Landscape

    5.3. India

        5.3.1. Market Overview

        5.3.2. Market Size and Forecast

        5.3.3. Key Trends

        5.3.4. Competitive Landscape

    5.4. South Korea

        5.4.1. Market Overview

        5.4.2. Market Size and Forecast

        5.4.3. Key Trends

        5.4.4. Competitive Landscape

    5.5. Australia

        5.5.1. Market Overview

        5.5.2. Market Size and Forecast

        5.5.3. Key Trends

        5.5.4. Competitive Landscape

    5.6. Rest of Asia Pacific

        5.6.1. Market Overview

        5.6.2. Market Size and Forecast

        5.6.3. Key Trends

        5.6.4. Competitive Landscape

 

6. Competitive Landscape

    6.1. Market Share Analysis of Key Players

    6.2. Company Profiles of Key Players

        6.2.1. Nestlé

        6.2.2. Danone

        6.2.3. Abbott Laboratories

        6.2.4. Mead Johnson Nutrition

        6.2.5. FrieslandCampina

        6.2.6. Kraft Heinz

        6.2.7. Arla Foods

        6.2.8. Yili Group

        6.2.9. Mengniu Dairy

        6.2.10. Feihe International

    6.3. Recent Developments and Innovations

    6.4. Strategic Initiatives

 

7. Future Outlook and Market Forecast

    7.1. Market Growth Prospects

    7.2. Technological Trends and Innovations

    7.3. Investment Opportunities

    7.4. Strategic Recommendations

 

8. Key Insights and Reiteration of Main Findings

9. Future Prospects for the Asia Pacific Infant Formula Market

 

List of Tables:

 

Table 1: Asia Pacific Infant Formula Market, By Formula Type, 2024-2034 (USD Million)

Table 2: Asia Pacific Infant Formula Market, By Form, 2024-2034 (USD Million)

Table 3: Asia Pacific Infant Formula Market, By Distribution Channel, 2024-2034 (USD Million)

Table 4: Asia Pacific Infant Formula Market, By Country, 2024-2034 (USD Million)

Table 5: China Infant Formula Market, By Formula Type, 2024-2034 (USD Million)

Table 6: China Infant Formula Market, By Form, 2024-2034 (USD Million)

Table 7: China Infant Formula Market, By Distribution Channel, 2024-2034 (USD Million)

Table 8: Japan Infant Formula Market, By Formula Type, 2024-2034 (USD Million)

Table 9: Japan Infant Formula Market, By Form, 2024-2034 (USD Million)

Table 10: Japan Infant Formula Market, By Distribution Channel, 2024-2034 (USD Million)

Table 11: India Infant Formula Market, By Formula Type, 2024-2034 (USD Million)

Table 12: India Infant Formula Market, By Form, 2024-2034 (USD Million)

Table 13: India Infant Formula Market, By Distribution Channel, 2024-2034 (USD Million)

Table 14: South Korea Infant Formula Market, By Formula Type, 2024-2034 (USD Million)

Table 15: South Korea Infant Formula Market, By Form, 2024-2034 (USD Million)

Table 16: South Korea Infant Formula Market, By Distribution Channel, 2024-2034 (USD Million)

Table 17: Australia Infant Formula Market, By Formula Type, 2024-2034 (USD Million)

Table 18: Australia Infant Formula Market, By Form, 2024-2034 (USD Million)

Table 19: Australia Infant Formula Market, By Distribution Channel, 2024-2034 (USD Million)

Table 20: Rest of Asia Pacific Infant Formula Market, By Formula Type, 2024-2034 (USD Million)

Table 21: Rest of Asia Pacific Infant Formula Market, By Form, 2024-2034 (USD Million)

Table 22: Rest of Asia Pacific Infant Formula Market, By Distribution Channel, 2024-2034 (USD Million)

Table 23: Asia Pacific Infant Formula Cow’s Milk Protein-Based Market Revenue by Country, 2024-2034 (USD Million)

Table 24: Asia Pacific Infant Formula Cow’s Milk Protein-Based Market Volume by Country, 2024-2034 (USD Million)

Table 25: Asia Pacific Infant Formula Soy-Based Market Revenue by Country, 2024-2034 (USD Million)

Table 26: Asia Pacific Infant Formula Soy-Based Market Volume by Country, 2024-2034 (USD Million)

Table 27: Asia Pacific Infant Formula Protein Hydrolysate Market Revenue by Country, 2024-2034 (USD Million)

Table 28: Asia Pacific Infant Formula Protein Hydrolysate Market Volume by Country, 2024-2034 (USD Million)

Table 29: Asia Pacific Infant Formula Powdered Market Revenue by Country, 2024-2034 (USD Million)

Table 30: Asia Pacific Infant Formula Powdered Market Volume by Country, 2024-2034 (USD Million)

Table 31: Asia Pacific Infant Formula Concentrated Liquid Market Revenue by Country, 2024-2034 (USD Million)

Table 32: Asia Pacific Infant Formula Concentrated Liquid Market Volume by Country, 2024-2034 (USD Million)

Table 33: Asia Pacific Infant Formula Ready-to-Use Market Revenue by Country, 2024-2034 (USD Million)

Table 34: Asia Pacific Infant Formula Ready-to-Use Market Volume by Country, 2024-2034 (USD Million)

Table 35: Asia Pacific Infant Formula Offline Market Revenue by Country, 2024-2034 (USD Million)

Table 36: Asia Pacific Infant Formula Offline Market Volume by Country, 2024-2034 (USD Million)

Table 37: Asia Pacific Infant Formula Online Market Revenue by Country, 2024-2034 (USD Million)

Table 38: Asia Pacific Infant Formula Online Market Volume by Country, 2024-2034 (USD Million)

Table 39: Nestlé S.A.: Company Snapshot

Table 40: Nestlé S.A.: Operating Segments

Table 41: Nestlé S.A.: Product Portfolio

Table 42: Danone S.A.: Company Snapshot

Table 43: Danone S.A.: Operating Segments

Table 44: Danone S.A.: Product Portfolio

Table 45: Mead Johnson Nutrition Company: Company Snapshot

Table 46: Mead Johnson Nutrition Company: Operating Segments

Table 47: Mead Johnson Nutrition Company: Product Portfolio

Table 48: Abbott Laboratories: Company Snapshot

Table 49: Abbott Laboratories: Operating Segments

Table 50: Abbott Laboratories: Product Portfolio

 

List of Figures:

 

Figure 1: Asia Pacific Infant Formula Market: Market Segmentation

Figure 2: Asia Pacific Infant Formula Market: Research Methodology

Figure 3: Top Down Approach

Figure 4: Bottom Up Approach

Figure 5: Data Triangulation

Figure 6: Asia Pacific Infant Formula Market: Drivers, Restraints, Opportunities, and Challenges

Figure 7: Asia Pacific Infant Formula Market: Porter's Five Forces Model Analysis

Figure 8: Asia Pacific Infant Formula Market: Value Chain Analysis

Figure 9: Asia Pacific Infant Formula Market Share Analysis, By Formula Type, 2024-2034

Figure 10: Asia Pacific Infant Formula Market Share Analysis, By Form, 2024-2034

Figure 11: Asia Pacific Infant Formula Market Share Analysis, By Distribution Channel, 2024-2034

Figure 12: China Infant Formula Market Share Analysis, By Formula Type, 2024-2034

Figure 13: China Infant Formula Market Share Analysis, By Form, 2024-2034

Figure 14: China Infant Formula Market Share Analysis, By Distribution Channel, 2024-2034

Figure 15: Japan Infant Formula Market Share Analysis, By Formula Type, 2024-2034

Figure 16: Japan Infant Formula Market Share Analysis, By Form, 2024-2034

Figure 17: Japan Infant Formula Market Share Analysis, By Distribution Channel, 2024-2034

Figure 18: India Infant Formula Market Share Analysis, By Formula Type, 2024-2034

Figure 19: India Infant Formula Market Share Analysis, By Form, 2024-2034

Figure 20: India Infant Formula Market Share Analysis, By Distribution Channel, 2024-2034

Figure 21: South Korea Infant Formula Market Share Analysis, By Formula Type, 2024-2034

Figure 22: South Korea Infant Formula Market Share Analysis, By Form, 2024-2034

Figure 23: South Korea Infant Formula Market Share Analysis, By Distribution Channel, 2024-2034

Figure 24: Australia Infant Formula Market Share Analysis, By Formula Type, 2024-2034

Figure 25: Australia Infant Formula Market Share Analysis, By Form, 2024-2034

Figure 26: Australia Infant Formula Market Share Analysis, By Distribution Channel, 2024-2034

Figure 27: Rest of Asia Pacific Infant Formula Market Share Analysis, By Formula Type, 2024-2034

Figure 28: Rest of Asia Pacific Infant Formula Market Share Analysis, By Form, 2024-2034

Figure 29: Rest of Asia Pacific Infant Formula Market Share Analysis, By Distribution Channel, 2024-2034

Figure 30: Asia Pacific Infant Formula Market: Competitive Benchmarking

Figure 31: Asia Pacific Infant Formula Market: Vendor Share Analysis, 2024

 

Key Players: (this may not be a complete list and extra companies can be added upon request)

 

Nestlé

Danone

Abbott Laboratories

Mead Johnson Nutrition

FrieslandCampina

Kraft Heinz

Arla Foods

Yili Group

Mengniu Dairy

Feihe International

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