Growth Opportunities in the China Infant Formula Market look promising over the next six years. This is mainly due to the growing spending on premium nutrition, the rising concerns for the development of infants, increasing urbanization that has drastically changed the lifestyle, along with the growing demand for trusted baby food products among parents.
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China Infant Formula Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The significant factors contributing to the growth of the China infant formula market include the increasing awareness associated with the nutritional and several health benefits offered by the infant formula. The growing spending on premium nutrition and the rising concerns for the development of infants are the key drivers propelling the growth of the China infant formula market size in the coming years. Additionally, the increasing urbanization has drastically changed the lifestyle, along with the growing demand for trusted baby food products among parents will surge the demand for the market.
The rising disposable income of the middle-class people, followed by the increasing number of working women as they have restricted time to focus on the infant nutritional requirements, will further boost the growth of the China infant formula market share in terms of revenue. Various advantages regarding the usage of infant formula, including better convenience for the parents as it allows them to share the feeding duties, and provide no maternal limitations for the mothers, thereby offering them the flexibility to drink or to eat or to take medications are certain factors bolstering the demand of the market. On the other hand, the strict regulations regarding infant formula products by the China Certification and Accreditation Administration (CNCA) will hamper the growth of the market.
Product Segment Drivers
Based on the product, infant milk formula is projected to increase at a higher CAGR in the coming years due to the growing baby population and rising purchasing power of middle-class people in the country. In addition to this, the increasing acceptability of infant formula in the form of powder and liquid among parents will fuel the growth of the market. The emerging trend of the medicalization of infant milk formula that addresses numerous conditions in infants like indigestion and constipation will further uplift the demand of the market.
Form Segment Drivers
Based on the form, the powder is anticipated to rise at a faster rate in the coming years due to its easy accessibility in comparison to the liquid form. Furthermore, several infant formula ingredients like carbohydrates, proteins, and prebiotics are usually utilized in manufacturing infant formula, which will further accelerate the demand of the market.
China Infant Formula Market’s leading Manufacturers:
- Nestle
- Danone
- Abbott Laboratories
- Reckitt Benckiser
- Royal Friesland Campina
- Feihe International
- Perrigo Company plc
- The a2 Milk Company Limited
- Bellamy’s Organic
- Arla Foods
China Infant Formula Market Segmentation:
Segmentation by Product Type:
- Infant Milk Formula
- Follow Up Milk Formula
- Growing Up Milk Formula
- Specialty Baby Milk Formula
Segmentation by Form:
- Powder
- Liquid
Segmentation by Distribution Channel:
- Online Stores
- Supermarkets
- Specialized Stores
- Others
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