The global organic baby formula market revenue is expected to expand at a significant CAGR over the forecast period. Baby formula also called as infant baby formula, commonly contains cow milk, vitamins, etc. It is used as a supplement for breast milk. It provides essential nutrients and is considered a healthy overall diet for infants. Increasing availability of different types of organically formulated products for infants in the market coupled with working parents preferring for the same are major factors driving growth of the global market.
The global organic baby formula market report has been segmented on the basis of product type, basis of formulation, distribution channel, and region. On the basis of product type, the market is segmented into starting milk formula, follow-on milk formula, special milk formula, and others. Starting milk formula segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period. On the basis of formulation, the market is segmented into powdered formula, concentrated liquid formula, and ready-to-feed formula. On the basis of distribution channel, the market is segmented into supermarkets & hypermarkets, retail stores, and online stores. Online stores segment is expected to dominate the global market in terms of revenue, and is projected to maintain its dominance over forecast period. This can be attributed to increasing use of e-commerce websites and portals for grocery shopping.
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Based on the region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Revenue from the market in North America accounted for highest share in global market, owing to high awareness about infant health and increasing adoption of baby products in this region. The market in Europe is projected to account for second-highest revenue share and is closely followed by the market in Asia Pacific. Moreover, the market in Asia Pacific is expected to witness significant growth over the forecast period.
Key players operating in the global organic baby formula market include Abbott Laboratories, Nestlé S.A., Hero Group AG, Amara Holdings Limited, Danone SA, Plum Inc., The Hain Celestial Group, Inc., North Castle Partners, L.L.C., HiPP GmbH & Co. Vertrieb KG, and Baby Gourmet Foods Inc.