China Infant Formula Market Expected to Secure Notable Revenue Share During 2020-2027
This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the market along with major players in the country.
The report offers detailed profile and data information analysis of the leading companies in the China Infant Formula Market:
- Nestle
- Danone
- Abbott Laboratories
- Reckitt Benckiser
- Royal Friesland Campina
- Feihe International
- Perrigo Company plc
- The a2 Milk Company Limited
- Bellamy’s Organic
- Arla Foods
The key drivers of the China Infant Formula Market are as follows:
The major factors contributing to the growth of the china infant formula market include increasing awareness associated with the nutritional and the various health benefits offered by the infant formula. Moreover, the other factors surging the market growth, such as rising concerns for the development of infants and the growing expenditure on premium nutrition, will further fuel the market growth in the upcoming years. Furthermore, rapid urbanization has led towards a shift in the lifestyle, along with the increase in the demand for trusted quality baby food products among parents will accelerate the demand for the China infant formula market.
Growing disposable income of the middle-class people, followed by the growing number of working women as they have limited time to concentrate on the infant nutritional needs, will further propel the China infant formula market growth. Several benefits regarding the use of infant formula such as it offer better convenience for the parents as it allows the parents to share the feeding duties and provides no maternal restrictions for the mothers, thereby giving them the flexibility to eat or drink or to take medications are certain factors fuelling the demand for the infant formula in the market. On the other hand, rigorous regulations associated with the infant formula products by the China Certification and Accreditation Administration (CNCA) will hinder the China infant formula market growth.
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The study objectives of this report are:
- To study and forecast the size of the market.
- To analyze the key players, SWOT analysis, value, and market share for the leading players.
- To define, describe, and forecast the market by different segments.
- To analyze the market potential and advantage, opportunity and challenge, restraints and risks.
Segmentation of the China Infant Formula Market:
Breakup by Product Type:
- Infant Milk Formula
- Follow Up Milk Formula
- Growing Up Milk Formula
- Specialty Baby Milk Formula
Breakup by Form:
- Powder
- Liquid & Semi-liquid
- Powder
Breakup by Distribution Channel:
- Online Stores
- Supermarkets
- Specialized Stores
- Others
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