Organic Infant Formula Market - Forecast(2023 - 2028)
Organic Infant Formula Market Overview
Global Organic Infant Formula Market size is estimated to reach $7.2 billion by 2027, growing at a CAGR of 8.9% during the forecast period 2022-2027. Organic infant formula can be described as synthetic nutritious food prepared for babies less than 12 months to substitute breast milk. As compared to conventional formula. it is prepared from more natural ingredients such as soy products and dairy milk which are free from chemicals, pesticides, and hormones. In addition to that, protein hydrolysate is also used in infant formula as it helps in blood pressure regulation and rapid absorption of amino acids in the body. Infant/baby formula normally comes in two forms: powdered formula and liquid formula. Vitamins, Proteins, carbohydrates, fatty acids, and antioxidants like beta carotene are the major nutrition ingredients in organic infant formula. In order to circumvent the complications like lactose intolerance, many babies are fed with standard formulas derived from soy milk only. Additionally, quick modernization, altering taste and preferences, spiraling disposable incomes, expanding western influence in the developing world, and augmenting the prevalence of breast cancer in women are factors set to drive the growth of the Global Organic Infant Formula Market for the period 2022-2027.
Report Coverage
The
report: “Organic Infant Formula Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of
the following segments of the Organic Infant Formula Market.
Key Takeaways
- Geographically, the North America Organic Infant Formula Market accounted for the highest revenue share in 2021. The growth is owing to overwhelming incidences of breast cancer among the American female population, high awareness among the population regarding the existence of such products, quality lifestyles, and high purchasing power because of prosperous economies.
- Malnutrition, early-age infections, high attentiveness among parents regarding the health of infants, and climbing demand for plant-based milk formula are said to be preeminent drivers driving the growth of the Organic Infant Formula Market. Exorbitant nature because of the strict production process, hampered business activities because of harsh COVID measures are said to reduce the market growth.
- Detailed analysis of the Strength, Weaknesses, and
Opportunities of the prominent players operating in the market will be provided
in the Global Organic Infant Formula Market report.
Organic Infant Formula Market Segment Analysis-By Source
The Global Organic Infant Formula Market based on the source type can be further segmented into Plants (Soy and others), Protein hydrolysates, and Milk (Cow, Camel, Goat, and others). The milk segment held the largest share in 2021. The growth is owing to the easy accessibility of dairy milk throughout the globe as compared to alternatives like soy milk which have gained popularity in recent years only. Cow milk holds several high-quality proteins, vitamins, and minerals like riboflavin, calcium, and B12 that stop numerous bone irregularities in babies, augment amino acids absorption rate and stabilize blood pressure. On another hand, camel milk promotes quick body growth and prevents medical conditions like autism spectrum disorder. However, plant-based formulas and protein hydrolysate are estimated to be the fastest-growing segments with a CAGR of 9.8% over the forecast period 2022-2027. This growth is owing to rising incidences of lactose intolerance in babies. Also, protein hydrolysates enlarge nutrient distribution by assisting in the proper absorption of amino acids in infants’ bodies.
Organic Infant Formula Market Segment Analysis-By Distribution Channel
The Global Organic Infant Formula Market based on Conveyance Mode can be further segmented into. The offline segment held the largest share in 2021. The monopoly of offline channels as physical stores has an across-the-board presence in both metropolitan and bucolic areas. Brick-and-mortar stores has had been a primary source of making purchases for the last few decades. E-commerce sales are a contemporary phenomenon which slightly gaining the market share in urban areas. However, because of a lack of infrastructure and connectivity, it is not viable for e-commerce players to extend their services in impoverished areas which have been a blessing in disguise for offline distribution channels. Furthermore, the online segment is estimated to be the fastest-growing with a CAGR of 9.1% over the forecast period 2022-2027. This growth is owing to growing technological advancement. Google maps and e-banking services are the best things since sliced bread has made online retail operations so feasible. In addition to that, owing to work-from-home trends and eventful lifestyles of people, the overall concept of online shopping is increasing day after day.
Organic Infant Formula Market Segment Analysis-By Geography
The Global Organic Infant Formula Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held the largest share with 36% of the overall market in 2021. The growth in this segment is owing to the factors such as negative attitudes of people toward breastfeeding, high participation of the women population in sharing households’ responsibilities which leaves them with little to no time to breastfeed their babies, inadequate setup or conducive environment at workplaces to breastfeed, high disposable incomes, and lack of awareness regarding benefits of breastfeeding. However, Asia-Pacific is expected to be the fastest-growing segment over the forecast period 2022-2027. This growth is owing to hasty urbanization, high fertility rates compare to western countries, expanding disposable incomes because of growing economic prosperity, western influence, strengthening retail infrastructure, and growing market players because of ease of doing business.
Organic Infant Formula Market Drivers
Growing health problems such as cancer in women are anticipated to boost market demand.
As the prevalence of health complications like breast cancer and diabetes is increasing, the overall rates of breastfeeding have witnessed a precipitous fall in recent years. According to a World Health Organization report, nearly 2.3 million women across the globe were afflicted with breast cancer in 2020; whereas, 685,000 lost their lives. Moreover, 1 in 3 female cancer cases in the US is attributed to breast cancer. Not just United States but breast cancer has become the most common cancer form worldwide as it accounts for approximately 12 percent of all cancer cases annually. As a result, the trend of breastfeeding is on the decline and which ultimately is driving the demand for organic infant formula.
The reducing trend of breastfeeding because of urbanization, eventful lifestyles, and growing disposable incomes are expected to boost market demand.
With a staggering 1.93 million increase, in 2021 the number of women with a full-time job reached 55.65 million in the US. Therefore, with the growing participation of women in workplaces, the overall trend of breastfeeding is witnessing a drastic decline because of mothers’ eventful lifestyles and inadequate environment at the workplaces for women to breastfeed their babies. According to a UNICEF report, 1 in 5 infants in developed countries with prosperous economies and high income are left deprived of breastfeeding. In addition to that, the trend is likely to increase in developing countries also as western influence is on the rise. Moreover, the rapid migration of people from rural to urban areas is anticipated to drive the aforementioned market.
Organic Infant Formula Market Challenges
Exorbitant nature because of the strict production process, inflation, and hampered business activities are anticipated to hamper the market growth.
The manufacturing of organic infant formula requires a strict production process because it is completely free from chemicals, hormones, and pesticides. As a result, it cost more to produce organic formula than conventional infant formula. Therefore, as customers are required to spend more, they may turn aversive toward making such buying. On another hand, strangled production activities because of government restrictions aiming at reducing the virus spread, have dismantled the balance between demand and supply. The inflation rate in high-income and low-income countries is sky-rocketing after the pandemic. The inflation rate (annual) in Pakistan has reached an overwhelming rate of 12.2 percent in February 2022; similarly, Indian consumers are reeling under the weight of 8 months' highest inflation rate of 6.07 percent.
Organic Infant Formula Industry Outlook:
Product
launches, mergers and acquisitions, joint ventures, and geographical expansions
are key strategies adopted by players in the aforementioned Market. Organic Infant Formula market top 10 companies include-
- Abbott
Inc
- Hain
Celestial Group Inc
- Nestle
S.A.
- Holle
Baby Food GmbH
- Danone
S.A.
- Bellamy’s
Organic
- HiPP
GmbH & Co
- Nature’s
One
- Royal
FrieslandCampina
- Beingmate Baby & Child Food Co. Ltd
Recent Developments
- On December 13, 2021, New York, United States-based food company “Hain Celestial Group” announced that it has successfully reached an acquisition agreement with That’s How We Roll (a New Jersey, United States-based company famous for its food products Thinsters and ParmCrisps. Hain agreed to pay nearly $293 million to complete the acquisition strengthening its snack portfolio.
- On August 9, 2021, Vevey, Switzerland-based renowned food and drink processor “Nestle” announced the successful acquisition of New York, United States-based The Bountiful Company (a firm known for its dietary supplement). Nestle made a staggering $5.75 billion payment to KKR (the actual owner of Bountiful) in order to wrap up the process.
- On October 23, 2019, Germany-based famous baby food manufacturing company “HiPP GmbH & Co” announced the successful acquisition of Barnhouse (an organic food manufacturer known for its natural granola). The financials of the deal were not revealed by the company; however, the transaction has strengthened the organic food portfolio of HiPP.
Relevant Links:
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Abbott Market 2019-2024 ($M) - Global Industry Research
1.2 HiPP Market 2019-2024 ($M) - Global Industry Research
1.3 Holle Market 2019-2024 ($M) - Global Industry Research
1.4 Bellamy Market 2019-2024 ($M) - Global Industry Research
1.5 Topfer Market 2019-2024 ($M) - Global Industry Research
1.6 Supermum Market 2019-2024 ($M) - Global Industry Research
1.7 The Hain Celestial Group Market 2019-2024 ($M) - Global Industry Research
1.8 Nature One Market 2019-2024 ($M) - Global Industry Research
1.9 Perrigo Market 2019-2024 ($M) - Global Industry Research
1.10 Babybio Market 2019-2024 ($M) - Global Industry Research
1.11 Gittis Market 2019-2024 ($M) - Global Industry Research
1.12 Humana Market 2019-2024 ($M) - Global Industry Research
1.13 Bimbosan Market 2019-2024 ($M) - Global Industry Research
1.14 Ausnutria Market 2019-2024 ($M) - Global Industry Research
1.15 Nutribio Market 2019-2024 ($M) - Global Industry Research
1.16 HealthyTimes Market 2019-2024 ($M) - Global Industry Research
1.17 Arla Market 2019-2024 ($M) - Global Industry Research
1.18 Angisland Market 2019-2024 ($M) - Global Industry Research
1.19 Mengniu Market 2019-2024 ($M) - Global Industry Research
1.20 Shengyuan Market 2019-2024 ($M) - Global Industry Research
1.21 Shengmu Market 2019-2024 ($M) - Global Industry Research
1.22 Yeeper Market 2019-2024 ($M) - Global Industry Research
2.Global By Wet Process Type Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Wet Process Type Market 2019-2024 ($M) - Global Industry Research
3.2 Dry Process Type Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Abbott Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 HiPP Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Holle Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Bellamy Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Topfer Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Supermum Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 The Hain Celestial Group Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Nature One Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Perrigo Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Babybio Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Gittis Market 2019-2024 (Volume/Units) - Global Industry Research
4.12 Humana Market 2019-2024 (Volume/Units) - Global Industry Research
4.13 Bimbosan Market 2019-2024 (Volume/Units) - Global Industry Research
4.14 Ausnutria Market 2019-2024 (Volume/Units) - Global Industry Research
4.15 Nutribio Market 2019-2024 (Volume/Units) - Global Industry Research
4.16 HealthyTimes Market 2019-2024 (Volume/Units) - Global Industry Research
4.17 Arla Market 2019-2024 (Volume/Units) - Global Industry Research
4.18 Angisland Market 2019-2024 (Volume/Units) - Global Industry Research
4.19 Mengniu Market 2019-2024 (Volume/Units) - Global Industry Research
4.20 Shengyuan Market 2019-2024 (Volume/Units) - Global Industry Research
4.21 Shengmu Market 2019-2024 (Volume/Units) - Global Industry Research
4.22 Yeeper Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Wet Process Type Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Wet Process Type Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Dry Process Type Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Abbott Market 2019-2024 ($M) - Regional Industry Research
7.2 HiPP Market 2019-2024 ($M) - Regional Industry Research
7.3 Holle Market 2019-2024 ($M) - Regional Industry Research
7.4 Bellamy Market 2019-2024 ($M) - Regional Industry Research
7.5 Topfer Market 2019-2024 ($M) - Regional Industry Research
7.6 Supermum Market 2019-2024 ($M) - Regional Industry Research
7.7 The Hain Celestial Group Market 2019-2024 ($M) - Regional Industry Research
7.8 Nature One Market 2019-2024 ($M) - Regional Industry Research
7.9 Perrigo Market 2019-2024 ($M) - Regional Industry Research
7.10 Babybio Market 2019-2024 ($M) - Regional Industry Research
7.11 Gittis Market 2019-2024 ($M) - Regional Industry Research
7.12 Humana Market 2019-2024 ($M) - Regional Industry Research
7.13 Bimbosan Market 2019-2024 ($M) - Regional Industry Research
7.14 Ausnutria Market 2019-2024 ($M) - Regional Industry Research
7.15 Nutribio Market 2019-2024 ($M) - Regional Industry Research
7.16 HealthyTimes Market 2019-2024 ($M) - Regional Industry Research
7.17 Arla Market 2019-2024 ($M) - Regional Industry Research
7.18 Angisland Market 2019-2024 ($M) - Regional Industry Research
7.19 Mengniu Market 2019-2024 ($M) - Regional Industry Research
7.20 Shengyuan Market 2019-2024 ($M) - Regional Industry Research
7.21 Shengmu Market 2019-2024 ($M) - Regional Industry Research
7.22 Yeeper Market 2019-2024 ($M) - Regional Industry Research
8.North America By Wet Process Type Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Wet Process Type Market 2019-2024 ($M) - Regional Industry Research
9.2 Dry Process Type Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Abbott Market 2019-2024 ($M) - Regional Industry Research
10.2 HiPP Market 2019-2024 ($M) - Regional Industry Research
10.3 Holle Market 2019-2024 ($M) - Regional Industry Research
10.4 Bellamy Market 2019-2024 ($M) - Regional Industry Research
10.5 Topfer Market 2019-2024 ($M) - Regional Industry Research
10.6 Supermum Market 2019-2024 ($M) - Regional Industry Research
10.7 The Hain Celestial Group Market 2019-2024 ($M) - Regional Industry Research
10.8 Nature One Market 2019-2024 ($M) - Regional Industry Research
10.9 Perrigo Market 2019-2024 ($M) - Regional Industry Research
10.10 Babybio Market 2019-2024 ($M) - Regional Industry Research
10.11 Gittis Market 2019-2024 ($M) - Regional Industry Research
10.12 Humana Market 2019-2024 ($M) - Regional Industry Research
10.13 Bimbosan Market 2019-2024 ($M) - Regional Industry Research
10.14 Ausnutria Market 2019-2024 ($M) - Regional Industry Research
10.15 Nutribio Market 2019-2024 ($M) - Regional Industry Research
10.16 HealthyTimes Market 2019-2024 ($M) - Regional Industry Research
10.17 Arla Market 2019-2024 ($M) - Regional Industry Research
10.18 Angisland Market 2019-2024 ($M) - Regional Industry Research
10.19 Mengniu Market 2019-2024 ($M) - Regional Industry Research
10.20 Shengyuan Market 2019-2024 ($M) - Regional Industry Research
10.21 Shengmu Market 2019-2024 ($M) - Regional Industry Research
10.22 Yeeper Market 2019-2024 ($M) - Regional Industry Research
11.South America By Wet Process Type Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Wet Process Type Market 2019-2024 ($M) - Regional Industry Research
12.2 Dry Process Type Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Abbott Market 2019-2024 ($M) - Regional Industry Research
13.2 HiPP Market 2019-2024 ($M) - Regional Industry Research
13.3 Holle Market 2019-2024 ($M) - Regional Industry Research
13.4 Bellamy Market 2019-2024 ($M) - Regional Industry Research
13.5 Topfer Market 2019-2024 ($M) - Regional Industry Research
13.6 Supermum Market 2019-2024 ($M) - Regional Industry Research
13.7 The Hain Celestial Group Market 2019-2024 ($M) - Regional Industry Research
13.8 Nature One Market 2019-2024 ($M) - Regional Industry Research
13.9 Perrigo Market 2019-2024 ($M) - Regional Industry Research
13.10 Babybio Market 2019-2024 ($M) - Regional Industry Research
13.11 Gittis Market 2019-2024 ($M) - Regional Industry Research
13.12 Humana Market 2019-2024 ($M) - Regional Industry Research
13.13 Bimbosan Market 2019-2024 ($M) - Regional Industry Research
13.14 Ausnutria Market 2019-2024 ($M) - Regional Industry Research
13.15 Nutribio Market 2019-2024 ($M) - Regional Industry Research
13.16 HealthyTimes Market 2019-2024 ($M) - Regional Industry Research
13.17 Arla Market 2019-2024 ($M) - Regional Industry Research
13.18 Angisland Market 2019-2024 ($M) - Regional Industry Research
13.19 Mengniu Market 2019-2024 ($M) - Regional Industry Research
13.20 Shengyuan Market 2019-2024 ($M) - Regional Industry Research
13.21 Shengmu Market 2019-2024 ($M) - Regional Industry Research
13.22 Yeeper Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Wet Process Type Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Wet Process Type Market 2019-2024 ($M) - Regional Industry Research
15.2 Dry Process Type Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Abbott Market 2019-2024 ($M) - Regional Industry Research
16.2 HiPP Market 2019-2024 ($M) - Regional Industry Research
16.3 Holle Market 2019-2024 ($M) - Regional Industry Research
16.4 Bellamy Market 2019-2024 ($M) - Regional Industry Research
16.5 Topfer Market 2019-2024 ($M) - Regional Industry Research
16.6 Supermum Market 2019-2024 ($M) - Regional Industry Research
16.7 The Hain Celestial Group Market 2019-2024 ($M) - Regional Industry Research
16.8 Nature One Market 2019-2024 ($M) - Regional Industry Research
16.9 Perrigo Market 2019-2024 ($M) - Regional Industry Research
16.10 Babybio Market 2019-2024 ($M) - Regional Industry Research
16.11 Gittis Market 2019-2024 ($M) - Regional Industry Research
16.12 Humana Market 2019-2024 ($M) - Regional Industry Research
16.13 Bimbosan Market 2019-2024 ($M) - Regional Industry Research
16.14 Ausnutria Market 2019-2024 ($M) - Regional Industry Research
16.15 Nutribio Market 2019-2024 ($M) - Regional Industry Research
16.16 HealthyTimes Market 2019-2024 ($M) - Regional Industry Research
16.17 Arla Market 2019-2024 ($M) - Regional Industry Research
16.18 Angisland Market 2019-2024 ($M) - Regional Industry Research
16.19 Mengniu Market 2019-2024 ($M) - Regional Industry Research
16.20 Shengyuan Market 2019-2024 ($M) - Regional Industry Research
16.21 Shengmu Market 2019-2024 ($M) - Regional Industry Research
16.22 Yeeper Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Wet Process Type Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Wet Process Type Market 2019-2024 ($M) - Regional Industry Research
18.2 Dry Process Type Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Abbott Market 2019-2024 ($M) - Regional Industry Research
19.2 HiPP Market 2019-2024 ($M) - Regional Industry Research
19.3 Holle Market 2019-2024 ($M) - Regional Industry Research
19.4 Bellamy Market 2019-2024 ($M) - Regional Industry Research
19.5 Topfer Market 2019-2024 ($M) - Regional Industry Research
19.6 Supermum Market 2019-2024 ($M) - Regional Industry Research
19.7 The Hain Celestial Group Market 2019-2024 ($M) - Regional Industry Research
19.8 Nature One Market 2019-2024 ($M) - Regional Industry Research
19.9 Perrigo Market 2019-2024 ($M) - Regional Industry Research
19.10 Babybio Market 2019-2024 ($M) - Regional Industry Research
19.11 Gittis Market 2019-2024 ($M) - Regional Industry Research
19.12 Humana Market 2019-2024 ($M) - Regional Industry Research
19.13 Bimbosan Market 2019-2024 ($M) - Regional Industry Research
19.14 Ausnutria Market 2019-2024 ($M) - Regional Industry Research
19.15 Nutribio Market 2019-2024 ($M) - Regional Industry Research
19.16 HealthyTimes Market 2019-2024 ($M) - Regional Industry Research
19.17 Arla Market 2019-2024 ($M) - Regional Industry Research
19.18 Angisland Market 2019-2024 ($M) - Regional Industry Research
19.19 Mengniu Market 2019-2024 ($M) - Regional Industry Research
19.20 Shengyuan Market 2019-2024 ($M) - Regional Industry Research
19.21 Shengmu Market 2019-2024 ($M) - Regional Industry Research
19.22 Yeeper Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Wet Process Type Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Wet Process Type Market 2019-2024 ($M) - Regional Industry Research
21.2 Dry Process Type Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Organic Infant Formula Market Revenue, 2019-2024 ($M)2.Canada Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
3.Mexico Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
4.Brazil Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
5.Argentina Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
6.Peru Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
7.Colombia Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
8.Chile Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
10.UK Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
11.Germany Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
12.France Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
13.Italy Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
14.Spain Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
16.China Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
17.India Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
18.Japan Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
19.South Korea Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
20.South Africa Global Organic Infant Formula Market Revenue, 2019-2024 ($M)
21.North America Global Organic Infant Formula By Application
22.South America Global Organic Infant Formula By Application
23.Europe Global Organic Infant Formula By Application
24.APAC Global Organic Infant Formula By Application
25.MENA Global Organic Infant Formula By Application