COVID-19 Impact on Organic Infant Formula Market Trend and Forecast to 2023

29/mag/2020 11:14:20 suraj taur Contatta l'autore

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Market Overview

Global COVID-19 Impact on Organic Infant Formula Market is a type of milk that is artificially synthesized and are apt for babies below 12 months of age. The product has no chemical and is quite safe for kids. The global organic infant formula market has the potential to grow with 14.16% CAGR during the forecast period of 2017 to 2023. Market Research Future (MRFR) in their latest report on the organic infant formula market revealed a possibility of surpassing a valuation of USD 7756.87 million by the end of 2023.

Stringent government policies, promotional activities by retailers, and change in consumer preference are expected to play major roles in taking the global organic infant formula market ahead. Retailers have correctly identified how consumers are transforming their tastes and which way they are leaning. Their promotional activities are targeting these changes to maximize their profit.

Competitive Landscape

Several companies have understood the potential of the Global COVID-19 Impact on Organic Infant Formula Market are targeting the client base by implementing various strategic moves. These moves solidify their market position and take the global market ahead with holistic changes. These companies are Holle baby food GmbH (Switzerland), Abbott Nutrition Manufacturing Inc. (U.S.), Zuivelcoöperatie Frieslandcampina U.A. (the Netherlands), Bellamy's Organic Pty Ltd. (Australia), Hain Celestial Group, Inc. (U.S.), HiPP GmbH & Co. Vertrieb KG (Germany), Beingmate Baby & Child Food Co., Ltd. (China), and others. MRFR profiled these companies to make sure that they understand the route the market is going to opt for in the coming days.

In August 2019, Bubs Australia announced that their goat milk products in the organic infant formula category has witnessed substantial hike.

Industry Segmentation

Type, formula, and distribution channel are three major segments in MRFR’s report on the global COVID-19 Impact on Organic Infant Formula Market. This segmentation provides a closer look at the market and lay downs opportunities that can be explored well later.

Based on the type, the global COVID-19 Impact on Organic Infant Formula Market can be segmented into starting milk formula, follow-on milk formula, special milk formula, and others. The starting milk formula segment has the maximum market share and in the coming years, it has the potential to fetch 14.74% CAGR. The demand is quite high among the consumers from the developing region. Malnutrition is a big issue that can be addressed by the product and it has the recognition of who and FAO. Such an advantage can definitely help the market in having high hopes in the future.

Based on the formula, the global COVID-19 Impact on Organic Infant Formula Market comprises powdered formula, concentrated liquid formula, ready-to-feed formula, and others. The powdered has the largest share of the global market and can push ahead with a CAGR of 13.94% over the forecast period. Surge in the demand for ready-to-feed infant milk formulation can transform the market in the coming years.

Based on the distribution channel, the global organic infant formula market consists store-based and non-store based. The store-based segment has better market command and is expected to show 13.79% CAGR over the forecast period.

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Regional Analysis

Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW) are four regions in which the global organic infant formula market can be studied. The attempt is to reveal growth pockets that can be explored later for a proper analysis.

The APAC market has the maximum domination due to its growing use as a supplement for proper nutritious food. It is projecting a stage where it can gain 16% CAGR during the forecast period. The region has several developing countries with a huge pool of infants suffering from malnutrition. On the other hand, these countries are enjoying substantial economic growth, which can change the scenario inside the market. The APAC organic infant formula market has the potential to crack USD 3998.67 Mn valuation by 2023. The Rest of the World (RoW) market can contribute much as market titans are exploring potentials in the South America region. The segment has the potential to grab a growth by 13.80% CAGR over the forecast period.

Related Covid-19 Analysis on FnB Reports:

https://www.marketresearchfuture.com/report/covid-19-impact-a2-milk-market

https://www.marketresearchfuture.com/report/covid-19-impact-alternative-sweeteners-market

https://www.marketresearchfuture.com/report/covid-19-impact-artisan-bakery-market

https://www.marketresearchfuture.com/report/covid-19-impact-rtd-beverages-market

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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