China Infant Formula Market Size, Trends & Forecasts 2020-2027


 China Infant Formula Market

The Infant Formula Market in China is anticipated to grow at a faster CAGR during the forecast period (2020-2027).

The factors driving the growth of China Infant Market includes increase in the woman’s participation in the labor market, rising demand for premium infant formula products and growing emphasis on providing adequate nutritional values to infants. According to the report published by Nutritional Outlook, the market share of premium infant formula products in China has increased from 21% in 2018 to 28% in 2021 and is further projected to expand at a CAGR of 16.3% over the forecast period (2020-2025), which will boost the China Infant Formula Market share in the coming years. Moreover, the increasing acceptance towards infant formulas, rising disposable incomes and rapid urbanization, are some of the additional factors supplementing the China Infant Formula Market size. In addition, the increasing investments by the leading players on research and development related activities, rising number of domestic brands and easy availability of infant formula at the e-commerce platforms, are further contributing to the market’s growth.

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However, the growth of China Infant Market is hindered due to strict regulations on the manufacturing of infant formula solutions and declining fertility rates. As per Population Health Metrics, the fertility rate in China fell to below 1.5 in 2018 and 1.3 in 2020 and is further estimated to reach around to 1.07 in 2021.

The leading players operating in the market are Perrigo Company plc, The a2 Milk Company Limited, Bellamy’s Organic, Nestle, Danone, Abbott Laboratories, Arla Foods, Reckitt Benckiser, Royal Friesland Campina and Feihe International, among others.

Product: Segment Analysis

Based on Product, the Infant Milk Formula segment is anticipated to grow at a remarkable CAGR over the forecast period due to increasing acceptance to powdered baby formula products and rise in middle income population.

Form: Segment Analysis

Based on Form, the powder segment is anticipated to expand at a robust CAGR during the forecast period because it provides proper nutritional values such as carbohydrates and proteins and can be stored in liquid form.

Distribution Channel

Based on Distribution Channel, the Supermarkets segment is predicted to capture a sizeable market share over the forecast period due to availability of wide range of baby products and huge discounts offered by these stores along with free delivery options.

On the other hand, the online stores segment is anticipated to hold the highest market share during the forecast period attributed to rise in the number of internet users, these stores are available 24*7 and increasing consumers preference for online stores over local stores.

Market Segmentation

China Infant Formula Market by Product Type

  • Infant Milk Formula
  • Follow Up Milk Formula
  • Growing Up Milk Formula
  • Speciality Baby Milk Formula

China Infant Formula Market by Form

  • Powder
  • Liquid

China Infant Formula Market by Distribution Channel

  • Online Stores
  • Supermarkets
  • Specialized Stores
  • Others

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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