Global Organic Infant Formula Milk Powder Sales Was 47328 MT In 2017
Friday, 28 Dec, 2018
In terms of volume, the global Organic Infant Formula Milk Powder Sales was 47328 MT in 2017, and it is predicted to reach 91674 MT in 2024. In 2017, the global organic infant formula market is led by Europe, capturing about 54.56% of global organic infant formula consumption. USA is the second-largest region-wise market with 23.77% global consumption share.
At present, the major manufacturers of organic infant formula are Abbott, HiPP, Holle, Bellamy, Topfer, Supermum, The Hain Celestial Group, Nature One, Perrigo, Babybio, Gittis, etc. Abbott is the world leader, holding 21.23% consumption market share in 2017.
Europe was the largest consumption regional market for organic infant formula, with revenue exceeding USD 1.1 billion in 2017. In addition, China consumption is expected to witness fastest growth.
Organic infant formula downstream is suit for 1-3 year old infants. Organic infant formula is more expensive than non-organic Infant Formula. In 2017, the sales price of Organic Infant Formula is about 42816 USD/MT.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, organic infant formula consumption will show a trend of steady growth. In 2024 the consumption of organic infant formula is estimated to be 91.7K MT. On product prices, the slow upward trend in recent years will maintain in the future.