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Healthcare and Pharmaceuticals industry

Breast Milk Substitutes Market Size, Insights, Key Players, Business Opportunities, Covid-19 Impact And Emerging Trends By 2028




 

The latest update of “Global Breast Milk Substitutes Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Breast Milk Substitutes Market.

Overview of the Breast Milk Substitutes Market:

Breastmilk is the best food for a newborn. Many mothers find it difficult to keep up with the baby's growing needs, and breast-milk substitutes are often an alternative to formula. However, it is important for both mother and child to continue breastfeeding for at least two years. This is a health benefit that parents and doctors should consider when considering which option to use for their baby. Using a formula may cause more harm than good. The product label must be clearly marked as a substitute for breast milk, and should not include false information about its effects. Another product known as a breast milk substitute is called Ready to Use Therapeutic Food (RUTF). RUTF is designed to help mothers cope with severe malnutrition. RUTF is produced locally, nationally, and internationally, and it should not be given to infants before they are six months of age. While RUTF is not a breast milk substitute, it is a nutritionally complete and safe alternative to breast milk.

The global breast milk substitutes market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.

Drivers:

The high incidence of birth rate in the world is expected to fuel the growth of the global breast milk substitutes market over the forecast period. For instance, according to the United Nations, around 140 million babies were born globally in the year 2020. The multi-billion-dollar breast milk substitute industry spends enormous resources on aggressive marketing and promotion. However, this approach has been found to mislead consumers and exploit their needs. Companies make misleading claims about the efficacy of their products, and omit information about potential risks associated with their use. The latest WHO report reveals that breast-milk substitute marketing may pose significant health risks. Despite the fact that many breast milk substitutes are marketed by the industry, there is still a need to protect mothers and babies from marketing practices. Increasing female employment all over the world is estimated to enhance the growth of the market.

Restraints:

Side effects of breast milk substitutes are expected to hinder the growth of the global breast milk substitutes market.

Regional Insights:

In regions, North America is expected to dominate the growth of the global breast milk substitutes market, owing to increasing women's employment in the region. For instance, according to the U.S. Self Employed Women's Association, in 2021, the women's employment rate in the U.S. was around 53.2%. Moreover, the Asia Pacific is estimated to witness significant growth in the global breast milk substitutes market owing to the increasing incidence of birth rate in the region. Moreover, the increasing prevalence of key market players in the region is assessed to boost the market growth.

Competitive Section:

Key players operating in the global breast milk substitutes market include Kraft Heinz, Mead Johnson, Abbott Nutrition, Danone, and Nestle.

Market Estimation:

The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.

COVID-19 Impact:

The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Breast Milk Substitutes Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

Market Competition Assessment:

The Breast Milk Substitutes Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are

  • Vitagermine SAS
  • Fonterra Co-operative Group
  • The Kraft Heinz Company
  • Reckitt Benckiser Group
  • Abbott Nutrition
  • FrieslandCampina
  • Danone Nutricia
  • and Hyproca

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Breast Milk Substitutes Market report on the basis of Types, Applications, and Regions.

By Product Type, the market is primarily segmented into:

  • Milk-based Formula
  • Soy-based Formula
  • Hypoallergenic Formula
  • Others

By Applications, the market is segmented into:

  • Pharmacies
  • Retail stores
  • Others

The report covers the following Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Africa
  • Middle East

Primary Research Insights:

The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.

The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:

  1. What can be the best investment choices for venturing into new product and service lines?
  2. Which regions might see the demand maturing in certain segments in near future?
  3. Which government regulations might challenge the status of key regional markets?
  4. What are some of the value-grab opportunities in various segments?
  5. What will be the barrier to entry for new players in the market?

Why You Should Buy This Report:

  • The report provides an all-inclusive environment of the analysis for the market
  • In-depth secondary research and primary interviews
  • Impact of various social, political, and economic factors
  • Porter’s Five Forces Analysis
  • Competitive Landscape

Available Customizations:

Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

Table of Content

 

1 Report Overview

 

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Breast Milk Substitutes Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Breast Milk Substitutes Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Breast Milk Substitutes Market
1.6.1 How the Covid-19 is Affecting the Breast Milk Substitutes Market
1.6.1.1 Breast Milk Substitutes Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Breast Milk Substitutes Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

 

2 Global Growth Trends by Regions

 

2.1 Breast Milk Substitutes Market Perspective (2015-2028)
2.2 Breast Milk Substitutes Market Growth Trends by Regions
2.2.1 Breast Milk Substitutes Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Breast Milk Substitutes Market Historic Market Share by Regions (2015-2021)
2.2.3 Breast Milk Substitutes Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Breast Milk Substitutes Market Growth Strategy
2.3.6 Primary Interviews with Key Breast Milk Substitutes Market Players (Opinion Leaders)

 

3 Competition Landscape by Key Players

 

3.1 Global Top Breast Milk Substitutes Market Players by Market Size
3.1.1 Global Top Breast Milk Substitutes Market Players by Revenue (2015-2021)
3.1.2 Global Breast Milk Substitutes Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Breast Milk Substitutes Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Breast Milk Substitutes Market Concentration Ratio
3.2.1 Global Breast Milk Substitutes Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Breast Milk Substitutes Market Revenue in 2019
3.3 Breast Milk Substitutes Market Key Players Head office and Area Served
3.4 Key Players Breast Milk Substitutes Market Product Solution and Service
3.5 Date of entering into Breast Milk Substitutes Market
3.6 Mergers & Acquisitions, Expansion Plans

 

4 Breakdown Data by Type (2015-2028)

 

4.1 Global Breast Milk Substitutes Market Historic Market Size by Type (2015-2021)
4.2 Global Breast Milk Substitutes Market Forecasted Market Size by Type (2021-2028)

 

5 Breast Milk Substitutes Market Breakdown Data by Application (2015-2028)

 

5.1 Global Breast Milk Substitutes Market Size by Application (2015-2021)
5.2 Global Breast Milk Substitutes Market Forecasted Market Size by Application (2021-2028)

 

6 North America

 

6.1 North America Breast Milk Substitutes Market Size (2015-2021)
6.2 Breast Milk Substitutes Market Key Players in North America (2019-2021)
6.3 North America Breast Milk Substitutes Market Size by Type (2015-2021)
6.4 North America Breast Milk Substitutes Market Size by Application (2015-2021)

 

7 Europe

 

7.1 Europe Breast Milk Substitutes Market Size (2015-2021)
7.2 Breast Milk Substitutes Market Key Players in Europe (2019-2021)
7.3 Europe Breast Milk Substitutes Market Size by Type (2015-2021)
7.4 Europe Breast Milk Substitutes Market Size by Application (2015-2021)

 

8 China

 

8.1 China Breast Milk Substitutes Market Size (2015-2021)
8.2 Breast Milk Substitutes Market Key Players in China (2019-2021)
8.3 China Breast Milk Substitutes Market Size by Type (2015-2021)
8.4 China Breast Milk Substitutes Market Size by Application (2015-2021)

 

9 Japan

 

9.1 Japan Breast Milk Substitutes Market Size (2015-2021)
9.2 Breast Milk Substitutes Market Key Players in Japan (2019-2021)
9.3 Japan Breast Milk Substitutes Market Size by Type (2015-2021)
9.4 Japan Breast Milk Substitutes Market Size by Application (2015-2021)

 

10 Southeast Asia

 

10.1 Southeast Asia Breast Milk Substitutes Market Size (2015-2021)
10.2 Breast Milk Substitutes Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Breast Milk Substitutes Market Size by Type (2015-2021)
10.4 Southeast Asia Breast Milk Substitutes Market Size by Application (2015-2021)

 

11 India

 

11.1 India Breast Milk Substitutes Market Size (2015-2021)
11.2 Breast Milk Substitutes Market Key Players in India (2019-2021)
11.3 India Breast Milk Substitutes Market Size by Type (2015-2021)
11.4 India Breast Milk Substitutes Market Size by Application (2015-2021)

 

12 Central & South America

 

12.1 Central & South America Breast Milk Substitutes Market Size (2015-2021)
12.2 Breast Milk Substitutes Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Breast Milk Substitutes Market Size by Type (2015-2021)
12.4 Central & South America Breast Milk Substitutes Market Size by Application (2015-2021)

 

13 Key Players Profiles

 

13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Breast Milk Substitutes Market Introduction
13.4 Breast Milk Substitutes Market Business (2015-2021)
13.5 Recent Development

 

14 Analyst's Viewpoints/Conclusions

 

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

 

List of Table

 

Table 1. Breast Milk Substitutes Market Key Market Segments
Table 2. Key Players Covered: Ranking by Breast Milk Substitutes Market Revenue
Table 3. Ranking of Global Top Breast Milk Substitutes Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Breast Milk Substitutes Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Breast Milk Substitutes Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Breast Milk Substitutes Market Players to Combat Covid-19 Impact
Table 10. Global Breast Milk Substitutes Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Breast Milk Substitutes Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Breast Milk Substitutes Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Breast Milk Substitutes Market Share by Regions (2015-2021)
Table 14. Global Breast Milk Substitutes Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Breast Milk Substitutes Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Breast Milk Substitutes Market Growth Strategy
Table 20. Main Points Interviewed from Key Breast Milk Substitutes Market Players
Table 21. Global Breast Milk Substitutes Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Breast Milk Substitutes Market Share by Players (2015-2021)
Table 23. Global Top Breast Milk Substitutes Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Breast Milk Substitutes Market as of 2019)
Table 24. Global Breast Milk Substitutes Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Breast Milk Substitutes Market Product Solution and Service
Table 27. Date of entering into Breast Milk Substitutes Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Breast Milk Substitutes Market Size by Type (2015-2021) (Million US$)
Table 30. Global Breast Milk Substitutes Market Size Share by Type (2015-2021)
Table 31. Global Breast Milk Substitutes Market Revenue Market Share by Type (2021-2028)
Table 31. Global Breast Milk Substitutes Market Size Share by Application (2015-2021)
Table 33. Global Breast Milk Substitutes Market Size by Application (2015-2021) (Million US$)
Table 34. Global Breast Milk Substitutes Market Size Share by Application (2021-2028)
Table 35. North America Key Players Breast Milk Substitutes Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Breast Milk Substitutes Market Share (2019-2021)
Table 37. North America Breast Milk Substitutes Market Size by Type (2015-2021) (Million US$)
Table 38. North America Breast Milk Substitutes Market Share by Type (2015-2021)
Table 39. North America Breast Milk Substitutes Market Size by Application (2015-2021) (Million US$)
Table 40. North America Breast Milk Substitutes Market Share by Application (2015-2021)
Table 41. Europe Key Players Breast Milk Substitutes Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Breast Milk Substitutes Market Share (2019-2021)
Table 43. Europe Breast Milk Substitutes Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Breast Milk Substitutes Market Share by Type (2015-2021)
Table 45. Europe Breast Milk Substitutes Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Breast Milk Substitutes Market Share by Application (2015-2021)
Table 47. China Key Players Breast Milk Substitutes Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Breast Milk Substitutes Market Share (2019-2021)
Table 49. China Breast Milk Substitutes Market Size by Type (2015-2021) (Million US$)
Table 50. China Breast Milk Substitutes Market Share by Type (2015-2021)
Table 51. China Breast Milk Substitutes Market Size by Application (2015-2021) (Million US$)
Table 52. China Breast Milk Substitutes Market Share by Application (2015-2021)
Table 53. Japan Key Players Breast Milk Substitutes Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Breast Milk Substitutes Market Share (2019-2021)
Table 55. Japan Breast Milk Substitutes Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Breast Milk Substitutes Market Share by Type (2015-2021)
Table 57. Japan Breast Milk Substitutes Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Breast Milk Substitutes Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Breast Milk Substitutes Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Breast Milk Substitutes Market Share (2019-2021)
Table 61. Southeast Asia Breast Milk Substitutes Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Breast Milk Substitutes Market Share by Type (2015-2021)
Table 63. Southeast Asia Breast Milk Substitutes Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Breast Milk Substitutes Market Share by Application (2015-2021)
Table 65. India Key Players Breast Milk Substitutes Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Breast Milk Substitutes Market Share (2019-2021)
Table 67. India Breast Milk Substitutes Market Size by Type (2015-2021) (Million US$)
Table 68. India Breast Milk Substitutes Market Share by Type (2015-2021)
Table 69. India Breast Milk Substitutes Market Size by Application (2015-2021) (Million US$)
Table 70. India Breast Milk Substitutes Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Breast Milk Substitutes Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Breast Milk Substitutes Market Share (2019-2021)
Table 73. Central & South America Breast Milk Substitutes Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Breast Milk Substitutes Market Share by Type (2015-2021)
Table 75. Central & South America Breast Milk Substitutes Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Breast Milk Substitutes Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Breast Milk Substitutes Market Business (2015-2021) (Million US$)
Table 81. Recent Development

 

List of Figures

 

Figure 1. Global Breast Milk Substitutes Market Share by Type: 2021 VS 2028
Figure 2. Global Breast Milk Substitutes Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Breast Milk Substitutes Market Report Years Considered
Figure 8. Global Breast Milk Substitutes Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Breast Milk Substitutes Market Share by Regions: 2021 VS 2028
Figure 10. Global Breast Milk Substitutes Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Breast Milk Substitutes Market Share by Players in 2019
Figure 13. Global Top Breast Milk Substitutes Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Breast Milk Substitutes Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Breast Milk Substitutes Market Revenue in 2019
Figure 15. North America Breast Milk Substitutes Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Breast Milk Substitutes Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Breast Milk Substitutes Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Breast Milk Substitutes Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Breast Milk Substitutes Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Breast Milk Substitutes Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Breast Milk Substitutes Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed

 



Frequently Asked Questions

The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
The report efficiently evaluates the current market size and provides forecast for the industry in terms of Value (US$ Mn) and Volume (Mn Units).
Market is segmented by Product Types, Drug Class, Indication, Applications, Services Types, End-users, Distribution channel, and Regions.
The report presents the current market size, and market forecast, market opportunities, key drivers and restraints, pipeline Analysis, incidence rate, epidemiology analysis, prevalence rate, regulatory scenario, industry trend, PESTLE analysis, PORTER’s analysis, new product approvals/launch, promotion and marketing initiatives, pricing analysis, export-import analysis, trade analysis, competitive landscape which help businesses in decision making. The analysis data is based on current and historical market trends which help in investment related decisions.
Custom research is crucial components of the business strategy which helps any organization to gain insight into specific business sector, aligned with specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

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