This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Follow On Formula Milk Market

Market Insights on Follow On Formula Milk covering sales outlook, demand forecast & up-to-date key trends

Follow On Formula Milk Market by Form, Ingredients, Flavor, Distribution Channel & Region - Forecast 2022 - 2032

Follow On Formula Milk Market Outlook

The global follow on formula milk market is expected to exhibit growth at an impressive CAGR of 8% to 9% during the forecast period from 2022 to 2032. Increasing research and development (R&D) activities for the development of more nutritious and protein-packed infant nutrition supplements by key companies is estimated to accelerate the demand for follow on formula milk in the global market.

Report Attribute

Details

Follow On Formula Milk Market Projected Growth Rate (2022-2032)

8% to 9% CAGR

Follow on formula milk is an alternative to breast milk containing almost similar amount of nutrients such as vitamins, minerals, proteins, fats, carbohydrates, prebiotic, linoleic acid, and others. It is used to feed infants between the ages of 6 months to 12 months along with suitable complementary foods as part of a mixed weaning diet.

Customize this Report

Let us know your requirement to get
100% FREE customization

Which are Some Key Opportunities Spearheading Follow On Formula Milk Market Growth?

In the past couple of years, there is a swift rise in pregnancy and baby birth across the world, due to the increasing advancements in medical technologies, creating strong demand for infant nutritional supplements.

For instance, according to a study by the Centers for Disease Control and Prevention, approximately 3.61 Mn babies were reported to be born across the U.S., exhibiting a birth rate of 11.00 per 1,000 people in the year 2020. As follow on formula milk is extensively used for feeding baby over 6 months of age to provide required nutrition, rising number of baby births are estimated to favor the growth in the global market. 

In addition to this, increasing burden of conditions such as lactation insufficiency and low milk supply syndrome among the mothers, due to the hormonal changes and hereditary reasons, is accelerating the demand for baby nutrition products such as follow on formula milk.

What are Key Restraints Hindering the Sales of Follow On Formula Milk in the Global Market?

Breast milk is of great importance for the proper development of a baby’s body and brain. Hence, governments and regulatory organizations are encouraging mothers to only breastfeed their babies until 1 year of age, which is, hindering the demand for follow on formula milk in the market.

Also, growing awareness regarding the high risk of complications and ailments such as allergies, respiratory infections, cognitive development issues, and obesity in babies, due to the use of breast milk alternatives, is expected to restrain the sales of follow on formula milk in the market.

Nandini Roy Choudhury
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Why is North America Emerging as an Opportunistic Follow On Formula Milk Market?

As per Future Market Insights, North America is estimated to account for the lion’s share in the global follow on formula milk market from 2022 to 2032.

Leading manufacturers in the market are increasingly focusing on introducing novel infant nutrition products with new value-added ingredients to meet the growing demand due to increasing number of baby births across the countries such as the U.S. and Canada.

For instance, in 2020, Abbott, an American multinational health & baby care company announced introducing an innovative follow on infant formula, Similac Pro-Advance® with Oligosaccharide† and 2'-Fucosyllactose to strengthen the immune systems of the babies in Canada. A slew of such product launches is expected to drive the sales in the North America market.

How is Europe Contributing to the Growth of the Follow On Formula Milk Market?

As per FMI, Europe is projected to exhibit growth at a robust CAGR in the global follow on formula milk market during the forecast period 2022-2032.

A substantial rise in working women is being witnessed across Europe, owing to the increasing availability of similar opportunities for men and women. For instance, according to research by the Catalyst Organization, more than 72.7% (over 2/3rd) of the women aged between 16 to 64 years were reported to the employed across the U.K. in 2020.

Due to this rise in working women including mothers, the demand for infant nutrition supplements such as follow on formula milk is rapidly increasing to feed the babies and provide essential nutrients in absence of the mother. This is anticipated to bolster the growth in the Europe market.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Market Competition

Some of the leading players in the follow on formula milk market are The Hain Celestial Group, Vertrieb KG, Abbott Laboratories, Reckitt Benckiser, Campbell Soups, HiPP GmbH & Co., Nestle S.A., Dana Dairy Group Ltd, Danone SA, Gerber Products Company, Arla Foods Amba, D-Signstore, and others.

The market is highly competitive, owing to the increasing emphasis on the introduction of new infant formals and growing adoption of strategies such as production capacity expansion by key companies.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 8% to 9% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Form
  • Ingredients
  • Flavor
  • Distribution Channel
  • Region

Countries Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Key Companies Profiled

  • The Hain Celestial Group
  • Vertrieb KG
  • Abbott Laboratories
  • Reckitt Benckiser
  • Campbell Soups
  • HiPP GmbH & Co.
  • Nestle S.A.
  • Dana Dairy Group Ltd
  • Danone SA
  • Gerber Products Company
  • Arla Foods Amba
  • D-Signstore
  • Others

Customization

Available Upon Request

Key Segments Profiled in the Follow On Formula Milk Market Survey

By Form:

  • Ready to Food
  • Powder

By Ingredients:

  • Minerals
  • Carbohydrates
  • Fats
  • Vitamins
  • Proteins

By Flavors:

  • Unflavored
  • Chocolate
  • Vanilla
  • Strawberry
  • Peach
  • Original

By Distributional Channel:

  • Hypermarkets
  • Pharmacy Stores
  • Specialty Stores
  • Supermarkets
  • Hard Discounter Stores
  • Online Platforms
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the demand for aloe follow on formula milk to expand at 8% to 9% value CAGR over the forecast period 2022-2032

The follow on formula milk market is dominated by North America, and this trend is projected to continue for the assessment period.

The Hain Celestial Group, Vertrieb KG, Abbott Laboratories, Reckitt Benckiser, Campbell Soups, HiPP GmbH & Co., Nestle S.A., Dana Dairy Group Ltd, Danone SA, Gerber Products Company, Arla Foods Amba, D-Signstore, and others are some key follow on formula milk manufacturer.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nandini Roy Choudhury
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

List of Charts

NA

Need specific information?

Request Customization

Explore Food and Beverage Insights

View Reports

Recommendations

Food and Beverage

Plant-based Milk Market

Published : September 2021

Food and Beverage

A2 Milk Market

Published : May 2021

Food and Beverage

Follow On Formula Milk Market

Published : June 2019

Food and Beverage

Fortified Milk and Milk Products Market

Published : June 2020

Google translate

Follow On Formula Milk Market