Global RTD Infant Milk Market 2017-2021
About RTD Infant Milk
RTD infant milk is made of modified cow’s milk infused with vitamins, minerals, carbohydrates, and vegetable oils. Casein is the most significant protein in cow’s milk. However, the primary protein in breast milk is whey protein; hence many RTD infant milk formulas are predominantly altered to contain whey protein. Despite altering the milk formula with whey, milk formula differs from breast milk because of its different amino acid and protein composition. However, RTD infant milk formula contains the necessary nutrients for babies to grow. Further, RTD infant milk formula also contains the necessary added nutrients and vitamins such as iron, which aids in preventing anemia. Some RTD infant milk formulas also contain probiotic Bifidobacterium lactis, which significantly reduces colic, lowers the risk of food allergies, and helps in reducing diarrhea. Commercial prepared milk formula brands thus meet the nutritional requirement and safety standards.
Technavio’s analysts forecast the global RTD infant milk market to grow at a CAGR of 3.74% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global RTD infant milk market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of RTD infant milk products in the global market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global RTD Infant Milk Market 2017-2021
Technavio recognizes the following companies as the key players in the global RTD infant milk market: Abbott Laboratories, Danone, Mead Johnson Nutrition, Nestlé.
Other Prominent Vendors in the market are: Arla Foods, Amara Baby Food, Baby Gourmet, Ella's Kitchen Group, Friso, GreenMonkey (GreenZoo), Hero Group, Morinaga, Meiji, Nurture (Happy Family), One Earth Farms, Parent's Choice, Plum Organics, and Stonyfield Farm.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is packaging innovation. In terms of packaging, products in glass or tubs contribute to the majority of infant formula sales. However, fast growth is experienced by pouches, i.e., containers with plastic spouts on the top from which food can be sipped. The popularity of pouches is mainly attributed to their ease and flexibility. Infant formula pouches are convenient and portable nutrition, as they are extremely compatible with consumers' on-the-go lifestyles and significantly promotes independent feeding.”
According to the report, one driver in market is wide product portfolio. A wide range of baby foods and infant formulas propel the market growth globally owing to the increasing demand from the parents seeking different variants. The various requirements include different formulas, different sizes, genders, age groups, variants of flavors, and product packaging. Manufacturers such as Abbott, Mead Johnson Nutrition, and Nestlé offer infant formula products with different variants under their flagship brands Similac (Abbott), Enfamil and Enfagrow (Mead Johnson Nutrition), and Gerber (Nestlé).
Further, the report states that one challenge in market is gap between nutritional and immune strengthening benefits from breast milk. Being known as breastfeeding alternatives, RTD infant milk products fall short when compared with breast milk in terms of nutritional and immune strengthening benefits. Ingredients such as DHA, lutein, and vitamin E, which are found in breast milk, are frequently used ingredients for breastfeeding alternatives. These ingredients used for preparing RTD infant milk formula are low in concentration, on comparison to the composition found in breast milk.
Abbott Laboratories, Danone, Mead Johnson Nutrition, Nestlé, Arla Foods, Amara Baby Food, Baby Gourmet, Ella's Kitchen Group, Friso, GreenMonkey (GreenZoo), Hero Group, Morinaga, Meiji, Nurture (Happy Family), One Earth Farms, Parent's Choice, Plum Organics, Stonyfield Farm.
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