Rising Demand for Organic Infant Formula
In recent years, there has been a growing demand for natural or organic products in the infant formula market. Parents’ interest in organic nutrition for infants and environmental sustainability is expected to boost the demand for organic infant formula. The addition of organic ingredients in the probiotic formula addresses parents’ concerns about product safety and environmental sustainability. Various brands are promoting ‘natural claims’ to gain an organic position in the market. The larger brands present in the Asia Pacific probiotic infant and child formula market have started embracing the organic and sustainable message, leading to the increased development of organic infant formula products. For instance, HiPP International has developed an organic baby formula that contains prebiotics, probiotics, and other finest quality and organic ingredients to provide all the nourishment to the infant. Similarly, Wellements provides organic probiotic drops that support the child’s digestive and immune health. Thus, a growing inclination toward the consumption of organic infant formula is expected to provide growth opportunities for the Asia Pacific probiotic infant and child formula market.
Market Overview
Asia Pacific is home to 60% of the world's population, nearly 4.3 billion people, and includes the world's most populous countries, China and India. The region is expected to exhibit significant growth during the forecast period due to increasing spending by new mothers on nutritious food for a child and rising purchasing capacity of people in the region. India and China have the highest number of births per woman than other countries as per the report by the World Bank in 2020. This is anticipated to augment the demand for probiotic infant and child formula in Asia Pacific during the forecast period.
Strategic insights for the Asia Pacific Probiotic Infant and Child Formula provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific Probiotic Infant and Child Formula refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Asia Pacific Probiotic Infant and Child Formula Strategic Insights
Asia Pacific Probiotic Infant and Child Formula Report Scope
Report Attribute
Details
Market size in 2022
US$ 9,175.81 Million
Market Size by 2028
US$ 20,548.46 Million
Global CAGR (2022 - 2028)
14.4%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
By Distribution Channel
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Asia Pacific Probiotic Infant and Child Formula Regional Insights
Asia Pacific Probiotic Infant and Child Formula Market Segmentation
The Asia Pacific probiotic infant and child formula Market is segmented into type, distribution channel, and country.
Based on type, the market is segmented into infant formula (0-1 year) and growing-up formula (1-6 years). The growing-up formula (1-6 years) segment registered the larger market share in 2022. Based on distribution channel , the market is segmented into online and offline. The offline segment held the larger market share in 2022. Based on country, the market is segmented into Australia ,China, Japan , New Zealand and Rest of Asia Pacific. China dominated the market share in 2022. Nestlé S.A. ; HiPP GmbH & Company Vertrieb KG ; Abbott Laboratories and Mead Johnson & Company, LLC ; and Bellamy's Organic are the leading companies operating in the probiotic infant and child formula in the region.
The Asia Pacific Probiotic Infant and Child Formula Market is valued at US$ 9,175.81 Million in 2022, it is projected to reach US$ 20,548.46 Million by 2028.
As per our report Asia Pacific Probiotic Infant and Child Formula Market, the market size is valued at US$ 9,175.81 Million in 2022, projecting it to reach US$ 20,548.46 Million by 2028. This translates to a CAGR of approximately 14.4% during the forecast period.
The Asia Pacific Probiotic Infant and Child Formula Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Probiotic Infant and Child Formula Market report:
The Asia Pacific Probiotic Infant and Child Formula Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Probiotic Infant and Child Formula Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Probiotic Infant and Child Formula Market value chain can benefit from the information contained in a comprehensive market report.