Global Rice Protein Based Infant Formula Market is projected to register a substantial CAGR of 5.9% in the forecast period of 2019 to 2026.
Infant formula refers to the food products that are used by the infants during their first months of life providing nutritional requirements until the introduction of appropriate complementary feeding. These infant formulas were available only through physicians when it first appeared during the late 1800s. In 1950s, the advancement of infant formula grew gradually it became the choice of feeding method in the developed world. In the early 1970s, over 75% of babies in U.S. were formula-fed. In the late 1900s, the toddler formula appeared. There are various types of infant formula which are available for babies.
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Some of the major players operating in global rice protein based infant formula market are:- Nucitec SA de CV, La Mandorle, Laboratorios Ordesa, Kate Farms, Bayer AG, Lactalis International, BIOLAB PHARMA and Novalac among others.
Global Rice Protein Based Infant Formula Market By Type (Formulated, Unformulated), Product Type (Standard Formula, Toddler Formula, Follow-On Formula, Special Formula), Form (Non-GMO, GMO), Infant Age (6-12 Months, 0-6 Months, 1-3 Years), Distribution Channel (Store-Based Retailer, Non-Store Retailer), Geography (Asia-Pacific, Europe, North America, South America, Middle East & Africa) – Industry Trends and Forecast to 2026
Global Rice Protein Based Infant Formula Market Competitive Analysis:
Some of the major players operating in global rice protein based infant formula market are Nucitec SA de CV, La Mandorle, Laboratorios Ordesa, Kate Farms, Bayer AG, Lactalis International, BIOLAB PHARMA and Novalac among others.
In June 2018, Lactalis Group strengthened their position in the Middle East by signing a joint-venture with the Hanilor Company by covering both Smeds and Hanilor International subsidiaries. This strategy would help the company to strengthen its position in the Middle East by distributing their products
- Global rice protein based infant formula market is segmented into five notable segments which are type, product type, form, infant age and distribution channel.
- On the basis of product type, the market is segmented standard formula, toddler formula, follow-on formula and special formula. The follow-on formula segment is expected to lead the global rice protein based infant formula market.
- On the basis of type, the market is segmented into unformulated and formulated
- On the basis of form, the market is segmented into Non-GMO and GMO
- On the basis of infant age, the market is segmented into 0-6 months, 6-12 months and 1-3 years
- On the basis of distribution channel, the market is segmented into store-based retailer and non-store retailer
Global rice protein based infant formula market is an upcoming market which includes key players and local players. The market is growing owing to the favourable market scenario. The market has a prominent growth in upcoming years due to rising population of working mothers, growing infant population, increasing cases of breast cancer and rice based infant formula is widely accepted as non-allergic product.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand. For instance, in June 2018, Lactalis Group strengthened their position in the Middle East by signing a joint-venture with the Hanilor Company by covering both Smeds and Hanilor International subsidiaries. This strategy would help the company to strengthen its position in the Middle East by distributing their products.
Lactalis International dominated the rice protein based infant formula market. The other key players existing in the market includes are Novalac and Bayer AG, Nucitec SA de CV, La Mandorle, Laboratorios Ordesa, Kate Farms, BIOLAB PHARMA and others.
Table of Contents
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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