Pune, India -- (SBWIRE) -- 03/21/2018 -- Market Overview:

Due to the large number of health benefits associated with organic infant formula consumption, the market is growing at an incremental pace globally. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Organic Infant Formula Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR while achieving million dollar growth rapidly during the forecast period.

Rising demand for baby food prepared with chemical-free ingredients have prompted the growth of organic infant formula on a global platform. The sector is driven in a major way by the demand directed from the baby food market for healthy baby food formula. Rising child health concerns and manufacturers' focus on developing organic products have given a boost to this market. Additionally, the withdrawal of one child rule in China has also given the manufacturers to enter this market and generate revenues. However, rising campaigns supporting breastfeeding is one of the major factors restraining the growth of this market.

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Availability of additional nutrients for baby's healthy metabolism and product promotions to spread awareness is driving the high sales of organic infant formula globally. Rising consumers inclination towards the consumption of healthy and natural ingredient containing products have added fuel to the growth of this market. Technological advancements and women's fast paced life-style is also one of the potential drivers to this market. However, government regulations, specific functional requirements can cause certain hindrances to the growth of the market.

Latest Industry Updates:
Feb 2017 Holle baby food GmbH, one of the renowned players in the infant formula market, launched their new range of organic infant formula called PRE.

Dec 2016 to attracted consumers to their product range in the infant formula, Biostime International Holdings -Hong Kong-listed infant formula maker announced the launch of their branded Healthy Times organic infant formula into Chinese market.

Jan 2016 Blackmores Limited- which engages in the manufacturing of health supplements, announced the launch of their new infant formula with safeguards to block profiteers.

Jan 2016 Danone launched its global flagship infant formula brand Aptamil in India in order to suffice the growing demand for organic, natural baby food in the country. This strategy will help the manufacturer to capture a wide consumer base.

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Major Key Players:
With the entry of industry players in the organic infant formula market, established players are identified to have entered into a healthy rivalry in order to sustain their consumer base as well as to capture new consumer base. In order to strengthen their position in the global organic infant formula market, manufacturers are found to compete in terms of prices and quality to attract consumers' attention towards their offerings. They are identified to be investing hugely in R&D sector for new product launch as well as to bring innovations in their product line. The best long-term growth opportunities for this sector can be captured by ensuring ongoing product improvements and financial flexibility to invest in the optimal strategies.

The key players profiled in organic infant formula are Abbott Nutrition Inc. (U.S.), Holle baby food GmbH (Switzerland), Bellamy's Organic Pty Ltd. (Australia), FrieslandCampina U.A. (the Netherlands), Beingmate Baby & Child Food Co., Ltd. (China), Hain Celestial Group, Inc. (U.S.), HiPP GmbH & Co. and Vertrieb KG (Germany) among many others.

Market Segments:
Organic Infant Formula Market has been divided into type, formulation, distribution channel, and region.

On The Basis Of Type: Starting Milk, Follow-On Milk, and Special Milk
On The Basis Of Formulation: Powdered, Concentrated Liquid, and Ready-to-Feed
On The Basis Of Distribution Channel: Store Based, and Non- Store Based
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis:
Organic Infant Formula Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global organic infant formula market is highly dominated by Asia Pacific due to rising health awareness and high demand for organic food commodities in the region. North America is fastest growing region due to increasing demand from Canada and Mexico. The consumption of organic infant formula in countries like India, Brazil and China is expected to grow in upcoming years.