Asia-Pacific Rice Based Infant Formula Market, By Type (Formulated and Unformulated), Product Type (Standard Formula, Toddler Formula, Follow-On Formula and Special Formula), Form (Non-GMO and GMO), Infant Age (6-12 Months, 0-6 Months and 1-3 Years), Distribution Channel (Store-Based Retailer and Non-Store Retailer), Country (India, Philippines, Indonesia, Vietnam, Malaysia, Thailand, China, South Korea, Australia, New Zealand, Japan, Singapore and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Rice Based Infant Formula Market
Data Bridge Market Research analyses that the global rice based infant formula market will project a CAGR of 6.15% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, ever-rising population around the globe, rising consumer consciousness towards high quality, healthy and nutritional food products, surging cases of breast cancer and increasing personal disposable income by the major companies are the major factors attributable to the growth of rice based infant formula market.
From the name itself, rice based infant formula are the food items that are manufactured out of rice based ingredient which are only meant for the consumption by the infants. Infant formula is a substitute for breast milk that is consumed by the infants less than 12 months of age. These have all the essential macro and micro nutrients and enrich the mind and body of infants.
Rising awareness about the health benefits of infant formula and surge in the population of working mothers are the major factors fostering the growth of the market. Growing population of babies suffering from malnutrition and surging advancements in the baby food processing technology are other important factors acting as market growth determinants. Growing availability of a wide range of flavours and ingredients in the infant formula products and upsurge in the popularity of organic rice syrup will further induce growth in the market value.
However, stringent regulations imposed by the regulatory authorities on packaging quality and fluctuations in the prices of raw materials will pose a major challenge to the growth of the market. Limitations in the production process owing to the lack of advanced technology in the underdeveloped economies will also hamper the market growth rate. Rising food safety concerns will yet again derail the market growth rate.
This rice based 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 localised 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 rice based 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.
Asia-Pacific Rice Based Infant Formula Market Scope and Market Size
The rice based infant formula market is segmented on the basis of type, product type, form, infant age and distribution channel. The growth among segments helps you analyse 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 rice based infant formula market is segmented into unformulated and formulated. The formulated segment is further sub-segmented into vegetables, fruits and cereal. The vegetables segment is further sub-segmented into sweet potato, spinach, pumpkin and others. The fruits segment is further sub-segmented into apple, banana, orange, strawberry and others. The cereal segment is further sub-segmented into wheat, oat, barley, corn and others.
- On the basis of product type, the rice based infant formula market is segmented standard formula, toddler formula, follow-on formula and special formula.
- On the basis of form, the rice based infant formula market is segmented into Non-GMO and GMO.
- On the basis of infant age, the rice based infant formula market is segmented into 0-6 months, 6-12 months and 1-3 years.
- On the basis of distribution channel, the rice based infant formula market is segmented into store-based retailer and non-store retailer. The store-based retailer segment is further sub-segmented into grocery stores, supermarkets/hypermarkets, convenience stores, specialty stores and wholesalers. The non-store retailer segment is further sub-segmented into online and vending.
Asia-Pacific Rice Based Infant Formula Market Country Level Analysis
The rice based infant formula market is analyses and market size, volume information is provided by country, type, product type, form, infant age and distribution channel as referenced above.
The countries covered in the rice based infant formula market report are India, Philippines, Indonesia, Vietnam, Malaysia, Thailand, China, South Korea, Australia, New Zealand, Japan, Singapore and Rest of Asia-Pacific.
Emerging economies such as China and India in Asia-Pacific region dominate the rice based infant formula market and will continue to during the forecast period owing to the highest birth rate in these economies around the globe and rising incidences of breast cancer.
The country section of the rice based 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 Asia-Pacific Rice Based Infant Formula Market Share Analysis
The rice based 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 rice based infant formula market.
The major players covered in the rice based infant formula market report are SCIENTIFIC BRAIN NUTRACEUTICAL PVT. LTD., Bellamy's Organic., Abbott, Nestlé, Bayer AG, BIMBOSAN AG, Danone, Meredith Corporation., Mead Johnson & Company, LLC., Savencia SA among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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