Organic Follow Up Formula Market Rising Trends, Huge Demand, Business Strategies, High Growth Rate By 2032
The Organic Follow Up Formula Market has witnessed impressive growth in recent years, driven by increasing consumer awareness of organic products’ health benefits. This market segment focuses on organic baby formulas specifically designed to cater to infants’ nutritional needs while avoiding synthetic additives and harmful chemicals.
The market for organic follow up formulas is
projected to grow at a CAGR of 11.2% between 2022 and 2032, reaching US$ 197.5
billion in sales by 2032, up from US$ 68.3 billion in 2022.
The standard also states that the products are not the
breast-milk substitutes and shall not be presented as such. Organic follow up
formula are the formulas for infants from age six to 12 or 24 months. These
organic follow up formula is fortified with prebiotics and long-chain
polyunsaturated fatty acids.
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Since, the iron store of the infants depletes after the six
months from birth, to make up the higher dietary intake organic follow up
formula contains higher levels of iron and vitamin D. The increasing
inclination of the mothers to buy consumer products intended for infants and
kids is propelling the sales of organic follow up formula.
Increased Awareness about the Benefits of the Organic
Follow Up Formula is Expected to Surge the Demand for the Product in the Global
Market
The global organic follow up formula industry is driven by
the changing perception of the consumers and increasing spending on infant
products and goods. More and more consumers are getting aware of the importance
of the products, including organic follow up formula in the physical and mental
development of the infants.
The required nutritional components that are not supplied
through the generally given diet, are sufficiently supplied by organic follow
up formula. Moreover, the organic follow up formula in the market is fortified
with ingredients such as DHA, omega-3, omega-6, iron, and vitamin D and has
improved digestibility and immune boosting characteristics.
Manufacturers of organic follow up formula are investing in
the research and development activities to launch new products regularly with
improved characteristics. The new products with enhanced and improved
characteristics are likely to tract the consumers are increasing the sales of
the organic follow up formula in the global market.
Organic follow up formula has promising future in African
countries, since the undernourished and malnourished percentage of children is
the highest in the region. The governments of African countries are taking
action to improve the situation by launching more and more fortified food
products in the market. This is likely to create more opportunity for the
manufacturers of the organic follow up formula in the global market.
Organic Follow Up Formula Market: Regional Analysis
The market for organic follow up formula is robust in North
American and European region and occupies a major share in the global organic
follow up formula. The major share is supported by the higher consumer
household spending, improvements in the business investment, and large share in
the world GDP.
However, the opportunity in the global organic follow up
formula is a promising in the Asia Pacifica and Middle Eastern and African
region. The birth rate is the highest in the African countries, followed by
Asian countries, which is expected to impact highly on the consumption of baby
products.
Also, increasing middle-class population, increasing
middle-class income, and increasing consumer disposable income are likely to
affect positively on the global organic follow up formula industry.
Organic Follow Up Formula Market: Key Participants
Some of the market participants in the organic follow up
formula market are:
- Bellamy’s
Organic
- Danone
S.A.
- Morinaga
Milk Industry Co., Ltd.
- Nutrimed
Healthcare Pvt. Ltd.
- Nestlé
S.A.
- Abbott
Laboratories
- Wockhardt
Nutrition
The research report presents a comprehensive assessment of
the Organic Follow Up Formula market and contains thoughtful insights, facts,
historical data, and statistically supported and industry-validated market
data. It also contains projections using a suitable set of assumptions and
methodologies. The research report provides analysis and information according
to market segments such as form, grade, and end use.
The report covers exhaustive analysis on
- Organic
Follow Up Formula industry Segments
- Organic
Follow Up Formula Market Dynamics
- Organic
Follow Up Formula Market Size
- Organic
Follow Up Formula Supply and Demand
- Current
Trends/Issues/Challenges pertaining to Organic Follow Up Formula industry
- Competition
Landscape and Emerging Market Participants in Organic Follow Up Formula
industry
- Technology
related to Production/Processing of Organic Follow Up Formula
- Value
Chain Analysis of the Organic Follow Up Formula Market
Regional analysis includes
- North
America (U.S., Canada)
- Latin
America (Mexico, Brazil)
- Europe
(Germany, U.K., France, Italy, Spain, Poland, Russia)
- East
Asia (China, Japan, South Korea)
- South
Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania
(Australia, New Zealand)
- Middle
East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
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Organic Follow Up Formula Market Segmentation
The organic follow up formula industry can be segmented on
the basis of nature, product type, end use, and distribution channel.
On the basis of form, the organic follow-up formula
market can be segmented as:
- Liquid
- Dry
On the basis of distribution channel, the organic
follow-up formula market can be segmented as:
- Hypermarket/Supermarket
- Specialty
Stores
- Online
Retail
- Other
Retail Format
Information Source:
https://www.futuremarketinsights.com/reports/organic-follow-up-formula-market
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