Global Rice Based Infant Formula Market, By Type (Formulated, Unformulated), Product Type (Standard Formula, Toddler Formula, Follow-On Formula, Special Formula), Form (Non-GMO, GMO), Infant Age (6-12 Months, 0-6 Months, 1-3 Years), Distribution Channel (Store-Based Retailer, Non-Store Retailer), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Rice Based Infant Formula Market
Data Bridge Market Research analyses that the global rice based infant formula market to be growing at a CAGR of 5.90% in the forecast period of 2021-2028.
The food that is used by the baby in the first months of life to meet nutritional needs until the child is given appropriate complementary feeding is called infant formula. Infant formula is defined as the best solution for the growth of infants. It helps support the immune system, growing healthy bacteria in the gut to strengthen the immune system.
The rise in the prevalence of breast cancer and surge in the number of infant population are the major factors attributable to the growth of rice based infant formula market. Also, increasing population of working mothers, increase in the level of disposable income and rise in the acceptance of rice based infant formula as non-allergic products will influence the growth of the market.
Moreover, the rise in the awareness about the importance of nutrition for infants and emerging economies will boost the opportunities for the growth of rice based infant formula market.
However, strict regulations and improper packaging of baby food will impede the growth of the rice based infant formula market. Presence of high content of toxic chemicals in rice based infant formula will challenge the market growth.
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.
Global 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 formulated and unformulated. The formulated segment has been further sub-segmented into vegetables, fruits and cereal. Vegetables have been divided into sweet potato, spinach, pumpkin and others. Fruits have been divided into apple, banana, orange, strawberry and others. Cereal has been divided into wheat, oat, barley, corn and others.
- On the basis of product type, the rice based infant formula market is segmented into 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 6-12 months, 0-6 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 has been further sub-segmented into grocery stores, supermarkets/hypermarkets, convenience stores, specialty stores and wholesalers. The non-store retailer segment has been further sub-segmented into online and vending.
Rice Based Infant Formula Market Country Level Analysis
The rice based infant formula market is segmented on the basis of type, product type, form, infant age and distribution channel.
The countries covered in the rice based infant formula market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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).
North America dominates the rice based infant formula market and will continue to flourish its trend of dominance during the forecast period owing to the growing awareness and high disposable income. Asia-Pacific is expected to score the highest CAGR due to the rising demand for rice based infant formula from various end-user industries.
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 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, BALACTAN NUTRITION S.L., Parent's Choice Infant Formula, Danone, SAVENCIA SA, Mead Johnson & Company, LLC, 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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