Global Infant Formula Market Report: Focus on China
The market for infant formula products is one of the major and the fastest growing segments of the overall baby foods industry. Infant formula is either a partial or a total substitute for breast milk for infants and is recommended for feeding during the first twelve months. Since the start of the millennium, international awareness regarding the importance of early childhood nutrition has been on the rise. All over the world parents are becoming more concerned about the nutritional benefit of pediatric foods and breast-milk supplements.
Increasing proportion of women participation in labor force and increased affordability supported by waning price responsiveness and a rise in disposable income across the world are the major factors that have helped the global IMF market to attain stronger growth levels. Though the market has been experiencing lower demand and growth from the traditional matured markets of the West stemming primarily from declining birth rate, the developing world, especially the Asia and Pacific region and Latin America have provided the headroom for the global market expansion. The market is dominated by the Asian region which consumes about three-fifths of the global IMF supplies. Particularly, China has gained the stature to maneuver the market single-handedly since the country alone accounts for about two-fifth of the global IMF market revenues.
The report, “Global Infant Formula Market” prudently analyzes the development of the respective market, with a focus on the single largest market, China, and other regional but important markets. The report discusses the major trends, growth drivers as well as issues being faced by the industry. The global infant formula market is predominated by a handful of players including Nestlé, Danone, Mead Johnson Nutrition and Abbott which keep vying for greater market share. The profiles of these leading players are also included in the report along with their key financials and strategies for growth. .
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have projected the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Increasing proportion of women participation in labor force and increased affordability supported by waning price responsiveness and a rise in disposable income across the world are the major factors that have helped the global IMF market to attain stronger growth levels. Though the market has been experiencing lower demand and growth from the traditional matured markets of the West stemming primarily from declining birth rate, the developing world, especially the Asia and Pacific region and Latin America have provided the headroom for the global market expansion. The market is dominated by the Asian region which consumes about three-fifths of the global IMF supplies. Particularly, China has gained the stature to maneuver the market single-handedly since the country alone accounts for about two-fifth of the global IMF market revenues.
The report, “Global Infant Formula Market” prudently analyzes the development of the respective market, with a focus on the single largest market, China, and other regional but important markets. The report discusses the major trends, growth drivers as well as issues being faced by the industry. The global infant formula market is predominated by a handful of players including Nestlé, Danone, Mead Johnson Nutrition and Abbott which keep vying for greater market share. The profiles of these leading players are also included in the report along with their key financials and strategies for growth. .
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have projected the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
1. MARKET OVERVIEW
1.1 Introduction
2. BABY FOOD/INFANT NUTRITION MARKET
2.1 Global Market
Market Value
Regional Breakdown
2.2 Global Infant Formula Market
Market Value
Regional Breakdown by Volume
Regional Breakdown by Value
2.2.1 China’s Infant Formula Market
Market Value
Market Volume
Per Capita Consumption
Breakdown by Price Segment
2.2.2 Other Infant Formula Markets
3. MARKET DYNAMICS
3.1 Key Trends
3.1.1 Growing Penetration of Infant Formula in China
3.1.2 Mid to low Segment Losing Sheen in China
3.1.3 China’s Baby Stores Taking on Supermarkets
3.1.4 Increasing Incidence of E Commerce in China’s IMF Market
3.1.5 Imported Brands Dominating China’s E Commerce Market Space
3.2 Industry Developments
3.2.1 Chinese Government Keen on Stirring the Whole Industry
3.2.2 Industry Consolidation Under Way
3.2.3 Hong Kong Export Ban Still Active
3.2.4 New Investment in the Pipeline
3.3 Growth Drivers
3.3.1 Lower Breastfeeding Ratio in China
3.3.2 ASP of IMF Still Going Strong in China
3.3.3 E commerce Still Having Ground to Cover in China
3.3.4 Global Economic Recovery Getting Stronger
3.3.5 China’ Baby Boom and ‘Dragon Year’
3.3.6 The 3rd Plenum’s Gift: Loosened One Child Policy
3.4 Challenges
3.4.1 Increasing Regulation in China
3.4.2 NDRC Investigation into Unfair Trade Practices
3.4.3 The Consolidation Drive: Impacting Potential M&As
4. COMPETITIVE LANDSCAPE
4.1 Chinese IMF Market
Market Share
Sales Comparison
Regional Snapshot
4.2 Other IMF Markets
5. COMPANY PROFILES
5.1 Nestlé S.A.
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
Innovation and Renovation
Expansion through Acquisitions
5.2 Danone S.A.
5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
Acquisitions and Adaptations
Focus on Upstream and Engaging Community
5.3 Abbott Laboratories
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
Strategic Mergers and Acquisitions to Expand
Expansion through Bold Launches
5.4 Mead Johnson Nutrition Co.
5.4.1 Business Overview
5.4.2 Financial Overview
5.4.3 Business Strategies
Focus on Digitization
Focus on Innovation and R&D
6. MARKET OUTLOOK
6.1 Market Forecast
6.2 Forecast Methodology
6.2.1 Dependent and Independent Variables
6.2.2 Correlation Analysis
6.2.3 Regression Analysis
1.1 Introduction
2. BABY FOOD/INFANT NUTRITION MARKET
2.1 Global Market
Market Value
Regional Breakdown
2.2 Global Infant Formula Market
Market Value
Regional Breakdown by Volume
Regional Breakdown by Value
2.2.1 China’s Infant Formula Market
Market Value
Market Volume
Per Capita Consumption
Breakdown by Price Segment
2.2.2 Other Infant Formula Markets
3. MARKET DYNAMICS
3.1 Key Trends
3.1.1 Growing Penetration of Infant Formula in China
3.1.2 Mid to low Segment Losing Sheen in China
3.1.3 China’s Baby Stores Taking on Supermarkets
3.1.4 Increasing Incidence of E Commerce in China’s IMF Market
3.1.5 Imported Brands Dominating China’s E Commerce Market Space
3.2 Industry Developments
3.2.1 Chinese Government Keen on Stirring the Whole Industry
3.2.2 Industry Consolidation Under Way
3.2.3 Hong Kong Export Ban Still Active
3.2.4 New Investment in the Pipeline
3.3 Growth Drivers
3.3.1 Lower Breastfeeding Ratio in China
3.3.2 ASP of IMF Still Going Strong in China
3.3.3 E commerce Still Having Ground to Cover in China
3.3.4 Global Economic Recovery Getting Stronger
3.3.5 China’ Baby Boom and ‘Dragon Year’
3.3.6 The 3rd Plenum’s Gift: Loosened One Child Policy
3.4 Challenges
3.4.1 Increasing Regulation in China
3.4.2 NDRC Investigation into Unfair Trade Practices
3.4.3 The Consolidation Drive: Impacting Potential M&As
4. COMPETITIVE LANDSCAPE
4.1 Chinese IMF Market
Market Share
Sales Comparison
Regional Snapshot
4.2 Other IMF Markets
5. COMPANY PROFILES
5.1 Nestlé S.A.
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3 Business Strategies
Innovation and Renovation
Expansion through Acquisitions
5.2 Danone S.A.
5.2.1 Business Overview
5.2.2 Financial Overview
5.2.3 Business Strategies
Acquisitions and Adaptations
Focus on Upstream and Engaging Community
5.3 Abbott Laboratories
5.3.1 Business Overview
5.3.2 Financial Overview
5.3.3 Business Strategies
Strategic Mergers and Acquisitions to Expand
Expansion through Bold Launches
5.4 Mead Johnson Nutrition Co.
5.4.1 Business Overview
5.4.2 Financial Overview
5.4.3 Business Strategies
Focus on Digitization
Focus on Innovation and R&D
6. MARKET OUTLOOK
6.1 Market Forecast
6.2 Forecast Methodology
6.2.1 Dependent and Independent Variables
6.2.2 Correlation Analysis
6.2.3 Regression Analysis
LIST OF CHARTS
Infant Formula Value Chain
Global Baby Food/Infant Nutrition Market (2008 2013)
Global Baby Food/Infant Nutrition Market by Region (2013)
Global Infant Formula Market (2007 2013E)
Global Infant Formula Market Volume Share (2013E)
Global Infant Formula Market Revenue Share (2013E)
Index for Average Price of IMF in Select Countries (relative to UK)
China’s Baby Food Market (2013)
China’s Infant Milk Formula Market by Value (2007 2014E)
China’s Infant Milk Formula Market by Volume (2008 2014E)
IMF Consumption per Birth in Select Countries (2013)
China IMF Market Structure by Price Segment (2013)
Top 5 Baby Food Emerging Markets (excluding China, 2012)
Top 5 Baby Food Western Europe Markets (2012)
Penetration of Infant Formula, China (2008 2013, 2020E)
Shift Towards Premium Segment, China (2011 12 & 2012 13)
Volume and Sales Growth across Categories, China (July 2012 June 2013)
Growth in IMF Market Product Segments, China (2009 13 & 2013 18E)
IMF Sales Growth: Baby Stores and Supermarkets, China (1H13)
Market Share of Baby Stores in IMF Market, China (2008, 1H12 & 1H13)
Market Share of E Commerce in IMF Market, China (2011 2013)
IMF Market Sales, China (2011 2013)
IMF E Commerce Market Share, China (2013)
Market Share of Top 5 Players in Select Countries’ IMF Market (2012)
Breastfeeding Ratio, China (1998, 2003, 2008, 2013)
Average Selling Price, IMF Market, China (2001 2012)
Global GDP (2001 2013)
World and China GDP per Capita (2005 2013)
Female Population in China by Age Group (2012)
Population of New Borns in Two Scenarios, China (2013 2017E)
IMF Market share by Company, China (January, 2014)
IMF Market Share in Different Tier Cities, China (2012)
IMF Market Share in Select Countries (2012)
IMF Market Share in Select Countries (2012)
Group Sales by Business Segments, Nestlé SA (2013)
Revenue and Net Profit of Nestlé SA (2010 2013)
Revenue of Nestlé Nutrition, Nestlé SA (2010 2013)
Group Sales by Business Segments, Danone SA (2013)
Net Sales and Net Income, Danone SA (2010 2013)
Revenue of Early Life Nutrition Business, Danone SA (2010 2013)
Revenue Share by Segments, Abbott (2013)
Revenue Share by Regions, Abbott (2013)
Abbott Laboratories Revenue and Net Income (2010 2013)
Revenue of Nutrition Segment, Abbott (2010 2013)
Revenue Share by Segments, Mead Johnson Nutrition (2013)
Revenue Share by Regions, Mead Johnson Nutrition (2013)
Revenue and Net Income, Mead Johnson Nutrition (2010 2013)
Infant Formula Revenue, Mead Johnson Nutrition (2010 2013)
R&D Expenditure, Mead Johnson Nutrition (2010 2013)
Global Infant Formula Market Forecast (2007 2017F)
Infant Formula Value Chain
Global Baby Food/Infant Nutrition Market (2008 2013)
Global Baby Food/Infant Nutrition Market by Region (2013)
Global Infant Formula Market (2007 2013E)
Global Infant Formula Market Volume Share (2013E)
Global Infant Formula Market Revenue Share (2013E)
Index for Average Price of IMF in Select Countries (relative to UK)
China’s Baby Food Market (2013)
China’s Infant Milk Formula Market by Value (2007 2014E)
China’s Infant Milk Formula Market by Volume (2008 2014E)
IMF Consumption per Birth in Select Countries (2013)
China IMF Market Structure by Price Segment (2013)
Top 5 Baby Food Emerging Markets (excluding China, 2012)
Top 5 Baby Food Western Europe Markets (2012)
Penetration of Infant Formula, China (2008 2013, 2020E)
Shift Towards Premium Segment, China (2011 12 & 2012 13)
Volume and Sales Growth across Categories, China (July 2012 June 2013)
Growth in IMF Market Product Segments, China (2009 13 & 2013 18E)
IMF Sales Growth: Baby Stores and Supermarkets, China (1H13)
Market Share of Baby Stores in IMF Market, China (2008, 1H12 & 1H13)
Market Share of E Commerce in IMF Market, China (2011 2013)
IMF Market Sales, China (2011 2013)
IMF E Commerce Market Share, China (2013)
Market Share of Top 5 Players in Select Countries’ IMF Market (2012)
Breastfeeding Ratio, China (1998, 2003, 2008, 2013)
Average Selling Price, IMF Market, China (2001 2012)
Global GDP (2001 2013)
World and China GDP per Capita (2005 2013)
Female Population in China by Age Group (2012)
Population of New Borns in Two Scenarios, China (2013 2017E)
IMF Market share by Company, China (January, 2014)
IMF Market Share in Different Tier Cities, China (2012)
IMF Market Share in Select Countries (2012)
IMF Market Share in Select Countries (2012)
Group Sales by Business Segments, Nestlé SA (2013)
Revenue and Net Profit of Nestlé SA (2010 2013)
Revenue of Nestlé Nutrition, Nestlé SA (2010 2013)
Group Sales by Business Segments, Danone SA (2013)
Net Sales and Net Income, Danone SA (2010 2013)
Revenue of Early Life Nutrition Business, Danone SA (2010 2013)
Revenue Share by Segments, Abbott (2013)
Revenue Share by Regions, Abbott (2013)
Abbott Laboratories Revenue and Net Income (2010 2013)
Revenue of Nutrition Segment, Abbott (2010 2013)
Revenue Share by Segments, Mead Johnson Nutrition (2013)
Revenue Share by Regions, Mead Johnson Nutrition (2013)
Revenue and Net Income, Mead Johnson Nutrition (2010 2013)
Infant Formula Revenue, Mead Johnson Nutrition (2010 2013)
R&D Expenditure, Mead Johnson Nutrition (2010 2013)
Global Infant Formula Market Forecast (2007 2017F)
LIST OF TABLES
Baby Food/Infant Nutrition Market Performance by Region (2008 2013)
Policy Reforms since the 2008 Crisis
China E Commerce Market (2006 2012)
E commerce Regional Penetration, China (2010 2012)
Food Safety Scandals in China
NDRC Fines and China Price Cuts (2013)
Infant Formula Product Sales by Major Players, China (2008 2013)
Dependent & Independent Variables (2009 2013)
Correlation Matrix
Model Summary Coefficient of Determination
Regression Coefficients Output
Baby Food/Infant Nutrition Market Performance by Region (2008 2013)
Policy Reforms since the 2008 Crisis
China E Commerce Market (2006 2012)
E commerce Regional Penetration, China (2010 2012)
Food Safety Scandals in China
NDRC Fines and China Price Cuts (2013)
Infant Formula Product Sales by Major Players, China (2008 2013)
Dependent & Independent Variables (2009 2013)
Correlation Matrix
Model Summary Coefficient of Determination
Regression Coefficients Output
