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Breast Milk Substitutes Market 5Growth Trends, Opportunities and Competitive Landscape Outlook to 2025

Author : Ronak Bora | Published Date : 2020-11-03 

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 substitutes industry size from the retail distribution channel.

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.

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Despite the recent upsurge of e-commerce platforms, dedicated baby stores, online channels, etc., the age-old brick-and-mortar retail stores are expected to come up as the most dedicated distribution channel for breast milk alternatives. In 2018, retail stores dominated the business, having accounted for 45% of the revenue share and are expected to rake in substantial returns in the years ahead.

This growth can be credited to the convenience these stores offer to customers in tandem with the massive product availability as well as high purchaser patterns depicted by these stores. A substantial upsurge in the number of retail stores, especially in emerging economies, offering a variety of infant nutrition products, is also expected to boost breast milk substitutes market share from retail stores segment.

Breast milk substitutes market is strictly regulatory-driven. Despite the progress depicted by this business space, the presence of regulations governing product sales and marketing are likely to hinder the market expansion. Recently, a report released by the UN highlighted the requirement for stronger legislations so as to protect families from the false claims circulating regarding safety of breast milk substitutes or even aggressive marketing practices. The World Health Organization (WHO), in tandem with the United Nations Children's Fund (UNICEF) as well as other civil society organizations have even come up with a Call to Action, and have called upon the prominent producers of breast milk substitutes to take action to completely implement the WHO International Code of Marketing of Breastmilk Substitutes.

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.

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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)

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.decresearch.com/toc/detail/breast-milk-substitutes-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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 sport. [email protected] | https://twitter.com/RonakBora26

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