>Global Dairy-Free Infant Formula Market, By Type (Organic, Conventional), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India , South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Dairy-Free Infant Formula Market
The dairy-free infant formula market is expected to witness market growth at a rate of 9.6% in the forecast period of 2021 to 2028 and is expected to reach USD 21.86 billion by 2028. Data Bridge Market Research report on dairy-free infant formula market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing number of lactose intolerant patients is escalating the growth of dairy-free infant formula market.
Lactose intolerance is a clinical syndrome which could be primary or congenital causing abdominal pain, diarrhea, flatulence and/or bloating after ingestion of food containing lactose. The underlying physiological problem is considered lactose malabsorption that is generally caused due to the imbalance between the amount of lactose ingested and the capacity of the enzyme lactase to hydrolyze it. Treatment with lactose-free infant formula under medical supervision is needed for these conditions. Infant formulae are specifically formulated for infants suffering from the condition.
The increasing prevalence of lactose intolerance among new born babies and the rise in the population of working women act as the major factors driving the growth of dairy-free infant formula market. The rising need for substitutes to support nutritional demand, increasing issues with newborn babies’ inability to digest sugar elements and surge in the number of research and development activities in order to improve the nutritional quality of the product accelerates the dairy-free infant formula market growth. The growth shift in consumer preference towards premium and high-quality products for the better nutrition of infants, the products being certified by the government with quality check and growth in awareness regarding harmful effects of chemically synthesized products further influence the dairy-free infant formula market. Additionally, demand for the conventional product, availability of a large variety products with multiple options such as authenticity, scanning of the product, growing number of advertisement campaigns, growth in awareness regarding the condition and treatment, increase in investment in research and development activities and surge in healthcare expenditure positively affects the dairy-free infant formula market. Furthermore, development of innovative products to meet consumer demands extends profitable opportunities to the dairy-free infant formula market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the product and concerns associated with the changed nutritional quality or absence of nutrients are the factors expected to obstruct the dairy-free infant formula market growth. Limited knowledge about the long term effects of the formula and the issue with the bitter taste is projected to challenge the dairy-free infant formula market in the forecast period of 2021-2028.
This dairy-free infant formula market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dairy-free infant formula market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Dairy-Free Infant Formula Market Scope and Market Size
The dairy-free infant formula market is segmented on the basis of type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the dairy-free infant formula market is segmented into organic and conventional.
- On the basis of distribution channel, the dairy-free infant formula market is segmented into supermarkets and hypermarkets, convenience stores and online.
Global Dairy-Free Infant Formula Market Country Level Analysis
The dairy-free infant formula market is analyzed and market size, volume information is provided by country, type and distribution channel as referenced above.
The countries covered in the global dairy-free infant formula market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the dairy-free infant formula market because of the high number of lactose intolerant population, large production of free dairy products and presence of key players in the region. Central and South America is expected to witness the fastest growth during the forecast period of 2021 to 2028 during the forecast period of 2021 to 2028 due to the growing population of lactose intolerant newborns and increasing disposable income especially in developing nations.
The country section of the dairy-free infant formula market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dairy-Free Infant Formula Market Share Analysis
The dairy-free infant formula market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to dairy-free infant formula market.
The major players covered in the dairy-free infant formula market report are Nestlé, Nutricia, Valio Ltd, Abbott, GIMME THE GOOD STUFF, Silverson, Apta-Advice, Danone, Nurture, Inc., Hero MotoCorp Ltd, Reckitt Benckiser Group plc, DANA DAIRY GROUP, Mead Johnson & Company, LLC, HiPP, Vermont Organics, Perrigo Company plc, The Hain Celestial Group, Inc., Bristol-Myers Squibb Company among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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