Standard Milk Formula Market to Surpass US$ 23 Bn by 2027

Posted on 2019-03-29 by Mark Hub in Food & Beverage // 0 Comments

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Standard milk formula are nutrition enhancers, typically used for infants in the age group of 0-6 months and are largely based on cow’s milk. There are different types of standard milk formula including liquid, powdered, ready-to-feed and concentrated standard milk formula. Manufacturers are also coming up with flavored standard milk formula to enhance taste.

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The analyst team of the food and beverage domain at Fact.MR has compiled vital intelligence on standard milk formula market. In a new report titled “Standard Milk Formula Market Forecast, Trend Analysis and Competition Tracking, 2018-2027”. This report provides a thorough understanding of various trends along with key dynamics of the standard milk formula market. Historical analysis, current market scenario and future insights on standard milk formula market report, providing an in-depth market outlook to the reader.

New Standard for Chloride Content in Standard Milk Formula Ensures Safety

Being a highly regulated food product, examination of standard milk formula composition has become imperative for regulatory bodies. Along with nutritional labeling on standard milk formula packaging, stringent regulations have been laid by World Health Organization (WHO) and FAO (Food and Agriculture Organization of the United States). Largely focusing on the chloride content in standard milk formula, these regulatory bodies along with ISO (International Organization for Standardization) have developed the ISO 21422 | IDF 242 for chloride content determination, in a bid to ensure product safety.

Unethical Standard Milk Formula Marketing Practices Continue to Dent Consumer Confidence

The IBFAN (International Baby Food Action Network) has revealed several cases regarding unethical marketing of infant nutritional food products. Unethical practices adopted by medium and small scale standard milk formula players to market their products is likely to undermine the confidence among women that can breastfeed infants. Manufacturers of standard milk formula have been inducing a sense of uncertainty apropos to insufficient nutrient supply causing fussiness, perceived hunger and infant crying, and emphasizing on the point that standard milk formula can bridge the gap between needed and available nutrition, says IBFAN.

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Standard Milk Formula Demand Undermined by Ambiguities Over Nutritional Value of Infant Food Products

Manufacturers of standard milk formula are involved in marketing an increasing product range for various age groups, including products that feature additional nutrients in a bid to close on the effectiveness of breast milk along with products that claim to solve a broad spectrum of problems such as allergies. Yet, standard milk formula manufacturers are positioning their products in terms of new formulations in different markets that reveals the possibility of insufficient health considerations and less nutritional science being the product range. These ambiguities are likely to question the quality and efficiency of nutrition provided by standard milk formula, in turn challenging its market’s growth.

Sales through Online Platforms Offsetting Sluggishness Induced by Rising Milk Prices in Emerging Economies

Online platforms are transforming the retail sector, consequently providing potential avenues for producers of standard milk formula to market their products across tier II areas. With e-commerce on the rise, online platforms have facilitated a significant growth in sales of standard milk formula, consequently influencing the growth of the standard milk formula market in emerging economies. For instance, standard milk formula producers in China are adopting e-commerce platforms to enhance product sales. Moreover, with the introduction of two-child policy in China coupled with rising milk rates, dairy producers faced a shrinking market share. However, e-commerce boom resulted in a collaboration of domestic and foreign standard milk formula producers with online platforms leading to an extended product selling, from logistics to brand promotions which has translated in increasing standard milk formula sales by mitigating the impact of increasing milk prices.

Competitive Landscape

The standard milk formula market report includes detailed analysis on various key players operating in the market. Several facets of major players including Nestle S.A., Groupe Danone, the Kraft Heinz Company, Abbott Nutrition Manufacturing Inc., and Mead Johnson Nutrition, to name a few have been covered in this section of the report.

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