Probiotic Infant and Child Formula Market Size Forecast to 2028
The probiotic infant and child formula market is expected to grow from US$ 11,505.28 million in 2022 to US$ 25,412.41 million by 2028; it is estimated to grow at a CAGR of 14.1% from 2022 to 2028.
Probiotic infant and child formula is an engineered food that can be used as an alternative to human breast milk. These formulas are one of the most complex foods as it requires sophisticated quality assurance protocols and specific manufacturing capabilities. The probiotic infant and child formula market is witnessing significant growth owing to the rising population. Additionally, the increasing disposable income of people in Asia Pacific encouraged the acceptance of probiotic infant and child formula. Also, rapid urbanization and the growth of the middle class have propelled the market growth. The increasing population of young working mothers has bolstered the demand for probiotic infant and child formula, as they are majorly dependent on infant and child nutrition products.
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Probiotic Infant and Child Formula Market: Strategic Insights
Market Size Value in US$ 11505.28 Million in 2022 Market Size Value by US$ 25,412.41 Million by 2028 Growth rate CAGR of 14.1% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Probiotic Infant and Child Formula Market: Strategic Insights
| Market Size Value in | US$ 11505.28 Million in 2022 |
| Market Size Value by | US$ 25,412.41 Million by 2028 |
| Growth rate | CAGR of 14.1% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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According to an estimate by US Census Bureau, the population of children under the age of five is approx. 24.8 million in 2022 and is expected to grow to 25.2 million by 2030. Therefore, the rising population of children below age 6 is expected to boost the demand for probiotic infant and child formula.
Market Insights
Increasing Population of Working Women Drives Probiotic Infant and Child Formula Market Growth
Various women return to their jobs quickly after delivery. Therefore, product, such as infant formula, is ideal for working women as it is easy to prepare and consumes lesser time. Moreover, infant formula has various nutrient values, like human breast milk, which augments its adoption across consumers. Therefore, the rising population of working women is a significant factor propelling the demand for probiotic infant and child formula. China is one of the biggest markets for probiotic infant and child formula. China scrapped its decades-old one-child policy in 2016 2016. The Chinese government made an announcement in May 2021, allowing couples to have up to three children after census data showed a sharp decline in birth rates. This surge in births is expected to lead to the growth in demand for probiotic infant and child formula. There has been a paradigm shift in consumers' buying behavior toward infant formula, with parents showing a preference for premium and ultra-premium infant formulas over conventional formulas. This trend is expected to continue and propel the growth of the probiotic infant and child formula market.
Type Insights
Based on type, the probiotic infant and child formula market is segmented into infant formula (0-1 year) and growing-up formula (1-6 years). In 2021, the growing-up formula (1-6 Years) segment dominated the market.
Nestlé S.A.; HiPP GmbH & Company Vertrieb KG; Abbott Laboratories; Mead Johnson & Company, LLC.; and Bellamy's Organic are among the key players operating in the probiotic infant and child formula market. The leading players adopt several strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer base.
Probiotic Infant and Child Formula Market Report Scope
Report Spotlights
- Progressive trends in the probiotic infant and child formula industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the global probiotic infant and child formula market from 2021 to 2028
- Estimation of the demand for probiotic infant and child formula across various industries
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the probiotic infant and child formula industry
- Recent developments to understand the competitive market scenario and the demand for probiotic infant and child formula
- Market trends and outlook coupled with factors governing the growth of the probiotic infant and child formula market
- Understanding regarding the strategies that underpin commercial interest with regard to the market growth, aiding in the decision-making process
- Probiotic infant and child formula market size at various nodes of market
- Detailed overview and segmentation of the market as well as its industry dynamics
- Probiotic infant and child formula market size in various regions with promising growth opportunities
The "Probiotic Infant and Child Formula Analysis to 2028" is a specialized and in-depth study of the food & beverage industry, focusing on the market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The probiotic infant and child formula market is segmented on the basis of type, distribution channel, and geography. Based on type, the market is segmented into infant formula (0-1 year) and growing up formula (1-6 years). Based on distribution, the probiotic infant and child formula market is segmented into online and offline. Based on geography, the market is segmented into four main regions North America, Europe, Asia Pacific, and the Rest of the World. In 2021, Asia Pacific dominated the probiotic infant and child formula market and is expected to register the highest CAGR in the market during the forecast period. Factors such as increasing awareness about nutritional needs and the growing birth rate in Asia Pacific propelled the demand for probiotic infant and child formula.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Canada, China, France, Germany, Italy, Japan, Mexico, Middle East and Africa, New Zealand, Russia, South and Central America, UK, US
Frequently Asked Questions
Innovations in the probiotic infant and child formula market are the key trend for the global probiotic infant and child formula market. The probiotic infant and child formula is gaining intense competition in the global probiotic infant and child formula market is driving the focus toward product innovation.
Based on the type segment, growing-up formula (1-6 Years) was the fastest-growing segment in 2021. The growing up formula is a milk-based formula that is developed for children that are 1 year and 6 years of age. While it is not used as a meal replacement but as additional nutrition for children.
Based on the distribution channel, the online segment led the global probiotic infant and child formula market in 2021. Online retail is one of the fastest-growing distribution channels due to its shopping and product delivery convenience. Online retail stores offer a wide variety of products with heavy discounts; also, consumers can conveniently buy desirable products remotely.
Growing focus on infant care and nutrition and surge in the working women population is driving the probiotic infant and child formula industry. There has been substantial growth in the young working mother population. This has worked as a critical factor in propelling the growth of the probiotic infant formula market, as these working mothers are majorly dependent on processed infant nutrition products.
The major players operating in the global probiotic infant and child formula market are Nestlé S.A.; HiPP GmbH & Company Vertrieb KG; Abbott Laboratories; Mead Johnson & Company, LLC.; Bellamy's Organic
In 2020, Asia Pacific accounted for the largest share of the global probiotic infant and child formula market. The region is expected to exhibit significant growth during the forecast period due to increased purchases by new mothers on nutritious food for a child, accompanied by increasing people's purchasing capacity in this Asia Pacific region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Probiotic Infant and Child Formula Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
5. Probiotic Infant and Child Formula Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Focus on Infant Care and Nutrition
5.1.2 Surge in Working Women Population
5.2 Market Restraints
5.2.1 Stringent Rules and Regulations Pertaining to Infant Formula
5.3 Market Opportunities
5.3.1 Rising Demand for Organic Infant Formula
5.4 Future Trends
5.4.1 Innovations in Probiotic Infant and Child Formula Market
5.5 Impact Analysis of Drivers and Restraints
6. Probiotic Infant and Child Formula – Global Market Analysis
6.1 Probiotic Infant and Child Formula Market Overview
6.2 Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Probiotic Infant and Child Formula Market Analysis – by Type
7.1 Overview
7.2 Probiotic Infant and Child Formula Market, by Type (2021 and 2028)
7.3 Infant Formula (0-1 Year)
7.3.1 Overview
7.3.2 Infant Formula (0-1 Year): Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Growing-Up Formula (1-6 Years)
7.4.1 Overview
7.4.2 Growing-Up Formula (1-6 Year): Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
8. Probiotic Infant and Child Formula Market Analysis – by Distribution Channel
8.1 Overview
8.2 Probiotic Infant and Child Formula Market, by Distribution Channel (2021 and 2028)
8.3 Online
8.3.1 Overview
8.3.2 Online: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Offline
8.4.1 Overview
8.4.2 Offline: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
9. Probiotic Infant and Child Formula Market – Geographic Analysis
9.1 North America: Probiotic Infant and Child Formula Market
9.1.1 North America: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)
9.1.2 North America: Probiotic Infant and Child Formula Market, by Type
9.1.3 North America: Probiotic Infant and Child Formula Market, by Distribution Channel
9.1.4 North America: Probiotic Infant and Child Formula Market, by Key Country
9.1.4.1 US: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 US: Probiotic Infant and Child Formula Market, by Type
9.1.4.1.2 US: Probiotic Infant and Child Formula Market, by Distribution Channel
9.1.4.2 Canada: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Canada: Probiotic Infant and Child Formula Market, by Type
9.1.4.2.2 Canada: Probiotic Infant and Child Formula Market, by Distribution Channel
9.1.4.3 Mexico: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Mexico: Probiotic Infant and Child Formula Market, by Type
9.1.4.3.2 Mexico: Probiotic Infant and Child Formula Market, by Distribution Channel
9.2 Europe: Probiotic Infant and Child Formula Market
9.2.1 Europe: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 Europe: Probiotic Infant and Child Formula Market, By Type
9.2.3 Europe: Probiotic Infant and Child Formula Market, by Distribution Channel
9.2.4 Europe: Probiotic Infant and Child Formula Market, by Key Country
9.2.4.1 Germany: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 Germany: Probiotic Infant and Child Formula Market, By Type
9.2.4.1.2 Germany: Probiotic Infant and Child Formula Market, by Distribution Channel
9.2.4.2 France: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 France: Probiotic Infant and Child Formula Market, By Type
9.2.4.2.2 France: Probiotic Infant and Child Formula Market, by Distribution Channel
9.2.4.3 UK: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 UK: Probiotic Infant and Child Formula Market, By Type
9.2.4.3.2 UK: Probiotic Infant and Child Formula Market, by Distribution Channel
9.2.4.4 Italy: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.4.1 Italy: Probiotic Infant and Child Formula Market, By Type
9.2.4.4.2 Italy: Probiotic Infant and Child Formula Market, by Distribution Channel
9.2.4.5 Russia: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.5.1 Russia: Probiotic Infant and Child Formula Market, By Type
9.2.4.5.2 Russia: Probiotic Infant and Child Formula Market, by Distribution Channel
9.2.4.6 Rest of Europe: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.6.1 Rest of Europe: Probiotic Infant and Child Formula Market, By Type
9.2.4.6.2 Rest of Europe: Probiotic Infant and Child Formula Market, by Distribution Channel
9.3 Asia Pacific: Probiotic Infant and Child Formula Market
9.3.1 Asia Pacific: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.3.2 Asia Pacific: Probiotic Infant and Child Formula Market, By Type
9.3.3 Asia Pacific: Probiotic Infant and Child Formula Market, by Distribution Channel
9.3.4 Asia Pacific: Probiotic Infant and Child Formula Market, by Key Country
9.3.4.1 Australia: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Australia: Probiotic Infant and Child Formula Market, By Type
9.3.4.1.2 Australia: Probiotic Infant and Child Formula Market, by Distribution Channel
9.3.4.2 China: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 China: Probiotic Infant and Child Formula Market, By Type
9.3.4.2.2 China: Probiotic Infant and Child Formula Market, by Distribution Channel
9.3.4.3 Japan: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Japan: Probiotic Infant and Child Formula Market, By Type
9.3.4.3.2 Japan: Probiotic Infant and Child Formula Market, by Distribution Channel
9.3.4.4 New Zealand: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 New Zealand: Probiotic Infant and Child Formula Market, by Type
9.3.4.4.2 New Zealand: Probiotic Infant and Child Formula Market, by Distribution Channel
9.3.4.5 Rest of Asia Pacific: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Rest of Asia Pacific: Probiotic Infant and Child Formula Market, By Type
9.3.4.5.2 Rest of Asia Pacific: Probiotic Infant and Child Formula Market, by Distribution Channel
9.4 Rest of the World: Probiotic Infant and Child Formula Market
9.4.1 Rest of the World: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.4.2 Rest of the World: Probiotic Infant and Child Formula Market, By Type
9.4.3 Rest of the World: Probiotic Infant and Child Formula Market, by Distribution Channel
9.4.4 Rest of the World: Probiotic Infant and Child Formula Market, by Key Country
9.4.4.1 Middle East & Africa: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Middle East & Africa: Probiotic Infant and Child Formula Market, By Type
9.4.4.1.2 Middle East & Africa: Probiotic Infant and Child Formula Market, by Distribution Channel
9.4.4.2 South and Central America: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 South and Central America: Probiotic Infant and Child Formula Market, By Type
9.4.4.2.2 South and Central America: Probiotic Infant and Child Formula Market, by Distribution Channel
10. Impact of COVID-19
10.1 Overview – Impact of COVID-19
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Rest of the World: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 New Product Development
12. Company Profiles
12.1 Nestlé S.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 HiPP GmbH & Company Vertrieb KG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Abbott Laboratories
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Mead Johnson & Company, LLC.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Bellamy's Organic
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Probiotic Infant and Child Formula Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Probiotic Infant and Child Formula Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Probiotic Infant and Child Formula Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Probiotic Infant and Child Formula Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe: Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. France Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. UK Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 24. Asia Pacific Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Asia Pacific: Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia Probiotic Infant and Child Formula Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 28. China Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. China Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 30. Japan Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. Japan Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 32. New Zealand Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. New Zealand Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Asia Pacific Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Asia Pacific Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of the World Probiotic Infant and Child Formula Market, By Type– Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of the World: Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 38. Middle East & Africa Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Middle East & Africa Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 40. South and Central America Probiotic Infant and Child Formula Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. South and Central America Probiotic Infant and Child Formula Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 42. List of Abbreviation
LIST OF FIGURES
Figure 1. Probiotic Infant and Child Formula Market Segmentation
Figure 2. Probiotic Infant and Child Formula Market Segmentation – By Geography
Figure 3. Global Probiotic Infant and Child Formula Market Overview
Figure 4. Probiotic Infant and Child Formula Market: By Form
Figure 5. Probiotic Infant and Child Formula Market: By Region
Figure 6. Global Probiotic Infant and Child Formula Market, Key Market Players
Figure 7. Porter's Five Forces Analysis: Probiotic Infant and Child Formula Market
Figure 8. Expert Opinion
Figure 9. Global Probiotic Infant and Child Formula Market Impact Analysis of Drivers and Restraints
Figure 10. Geographic Overview of Probiotic Infant and Child Formula Market
Figure 11. Global: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Key Players: Probiotic Infant and Child Formula Market
Figure 13. Probiotic Infant and Child Formula Market Revenue Share, by Type (2021 and 2028)
Figure 14. Infant Formula (0-1 Year): Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Growing-Up Formula (1-6 Year): Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Probiotic Infant and Child Formula Market Revenue Share by Distribution Channel (2021 and 2028)
Figure 17. Online: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Offline: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America: Probiotic Infant and Child Formula Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America: Probiotic Infant and Child Formula Market Revenue Share, by Type (2021 and 2028)
Figure 21. North America: Probiotic Infant and Child Formula Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 22. North America: Probiotic Infant and Child Formula Market Revenue Share, by Key Country (2021 and 2028)
Figure 23. US: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: Probiotic Infant and Child Formula Market–Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe: Probiotic Infant and Child Formula Market Revenue Share, By Type (2021 and 2028)
Figure 28. Europe: Probiotic Infant and Child Formula Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 29. Europe: Probiotic Infant and Child Formula Market Revenue Share, by Key Country (2021 and 2028)
Figure 30. Germany: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. France: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. UK: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Italy: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Russia: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Europe: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Asia Pacific: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Asia Pacific: Probiotic Infant and Child Formula Market Revenue Share, By Type (2021 and 2028)
Figure 38. Asia Pacific: Probiotic Infant and Child Formula Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 39. Asia Pacific: Probiotic Infant and Child Formula Market Revenue Share, by Key Country (2021 and 2028)
Figure 40. Australia: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
Figure 41. China: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
Figure 42. Japan: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. New Zealand: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
Figure 44. Rest of Asia Pacific: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of the World: Probiotic Infant and Child Formula Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Rest of the World: Probiotic Infant and Child Formula Market Revenue Share, By Type (2021 and 2028)
Figure 47. Rest of the World: Probiotic Infant and Child Formula Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 48. Rest of the World: Probiotic Infant and Child Formula Market Revenue Share, by Key Country (2021 and 2028)
Figure 49. Middle East & Africa: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. South and Central America: Probiotic Infant and Child Formula Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. Impact of COVID-19 Pandemic on Probiotic Infant and Child Formula Market in North America
Figure 52. Impact of COVID-19 Pandemic on Probiotic Infant and Child Formula Market in Europe
Figure 53. Impact of COVID-19 Pandemic on Probiotic Infant and Child Formula Market in Asia Pacific
Figure 54. Impact of COVID-19 Pandemic on Probiotic Infant and Child Formula Market in Rest of the World
The List of Companies - Probiotic Infant and Child Formula Market
- Nestlé S.A.
- HiPP GmbH & Company Vertrieb KG
- Abbott Laboratories
- Mead Johnson & Company, LLC.
- Bellamy's Organic
- Aspen Pharmacare
- Beech-Nut
- Danone
- The Hain Celestial Group, Inc.
- Gerber
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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