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レポート概要
| 本書では、離乳食及び乳児用調製粉乳の世界市場を調査対象にし、離乳食及び乳児用調製粉乳の市場概要、メーカー情報、メーカー別販売量・売上・市場シェア、地域別市場分析（北米、アメリカ、ヨーロッパ、アジア、日本、中国、南米、中東・アフリカ）、種類別分析（標準牛乳ベース調合乳、大豆ベース調合乳、低刺激性調合乳、無乳糖調合乳）、用途別分析（0〜6か月、6〜12か月、>12か月）、市場予測（2021年～2025年）、販売チャンネル・代理店分析情報などを整理しました。 ・市場概要 ・メーカー情報：Mead Johnson、Topfer、Abbott、Nestle、Bellamy、Danone、Perrigo、Heinz、FrieslandCampina、HiPP、Pinnacle、Biostime、Arla、Feihe、Meiji、Westland Dairy、Holle、Yashili、Yili、Fonterra、Plum Organics、Brightdairy、Hain Celestial、Wissun、Ausnutria Dairy Corporation (Hyproca)、Synutra、Beingmate、DGC、Wonderson ・メーカー別販売量、売上、市場シェア ・離乳食及び乳児用調製粉乳の地域別市場分析 ・離乳食及び乳児用調製粉乳の北米市場規模2015-2020：アメリカ、カナダ、メキシコ ・離乳食及び乳児用調製粉乳のヨーロッパ市場規模2015-2020：ドイツ、イギリス、フランス、ロシアなど ・離乳食及び乳児用調製粉乳のアジア市場規模2015-2020：日本、中国、韓国、インド、東南アジアなど ・離乳食及び乳児用調製粉乳の南米市場規模2015-2020：ブラジル、アルゼンチンなど ・離乳食及び乳児用調製粉乳の中東・アフリカ市場規模2015-2020：サウジアラビア、トルコ、エジプト、南アフリカなど ・離乳食及び乳児用調製粉乳の種類別市場規模2015-2020：標準牛乳ベース調合乳、大豆ベース調合乳、低刺激性調合乳、無乳糖調合乳 ・離乳食及び乳児用調製粉乳の用途別市場規模2015-2020：0〜6か月、6〜12か月、>12か月 ・離乳食及び乳児用調製粉乳の世界市場予測2021-2025：地域別、種類別、用途別 ・販売チャンネル・代理店分析 ・調査の結果・結論 |
Market Overview
The Baby Food and Infant Formula market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
The global Baby Food and Infant Formula market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.6%% in the forecast period of 2020 to 2025 and will expected to reach USD 80830 million by 2025, from USD 70070 million in 2019.
Market segmentation
Baby Food and Infant Formula market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
By Type, Baby Food and Infant Formula market has been segmented into
Standard cow’s milk-based formulas
Soy-based formulas
Hypoallergenic formulas
Lactose-free formulas:
By Application, Baby Food and Infant Formula has been segmented into:
0-6 Months
6-12 Months
>12 Months
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the global Baby Food and Infant Formula market presented in the report. This section sheds light on the sales growth of different regional and country-level Baby Food and Infant Formula markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Baby Food and Infant Formula market.
The report offers in-depth assessment of the growth and other aspects of the Baby Food and Infant Formula market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, etc.)
Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)
Competitive Landscape and Baby Food and Infant Formula Market Share Analysis
Baby Food and Infant Formula competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Baby Food and Infant Formula sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Baby Food and Infant Formula sales, revenue and market share for each player covered in this report.
The major players covered in Baby Food and Infant Formula are:
Mead Johnson
Topfer
Abbott
Nestle
Bellamy
Danone
Perrigo
Heinz
FrieslandCampina
HiPP
Pinnacle
Biostime
Arla
Feihe
Meiji
Westland Dairy
Holle
Yashili
Yili
Fonterra
Plum Organics
Brightdairy
Hain Celestial
Wissun
Ausnutria Dairy Corporation (Hyproca)
Synutra
Beingmate
DGC
Wonderson
Among other players domestic and global, Baby Food and Infant Formula market share data is available for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America separately. Global Info Research analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Baby Food and Infant Formula product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Baby Food and Infant Formula, with price, sales, revenue and global market share of Baby Food and Infant Formula in 2018 and 2019.
Chapter 3, the Baby Food and Infant Formula competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Baby Food and Infant Formula breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.
Chapter 12, Baby Food and Infant Formula market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.
Chapter 13, 14 and 15, to describe Baby Food and Infant Formula sales channel, distributors, customers, research findings and conclusion, appendix and data source.
1 Market Overview
1.1 Baby Food and Infant Formula Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Baby Food and Infant Formula Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 Standard cow’s milk-based formulas
1.2.3 Soy-based formulas
1.2.4 Hypoallergenic formulas
1.2.5 Lactose-free formulas:
1.3 Market Analysis by Application
1.3.1 Overview: Global Baby Food and Infant Formula Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 0-6 Months
1.3.3 6-12 Months
1.3.4 >12 Months
1.4 Overview of Global Baby Food and Infant Formula Market
1.4.1 Global Baby Food and Infant Formula Market Status and Outlook (2015-2025)
1.4.2 North America (United States, Canada and Mexico)
1.4.3 Europe (Germany, France, United Kingdom, Russia and Italy)
1.4.4 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.5 South America, Middle East & Africa
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 Mead Johnson
2.1.1 Mead Johnson Details
2.1.2 Mead Johnson Major Business
2.1.3 Mead Johnson SWOT Analysis
2.1.4 Mead Johnson Product and Services
2.1.5 Mead Johnson Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.2 Topfer
2.2.1 Topfer Details
2.2.2 Topfer Major Business
2.2.3 Topfer SWOT Analysis
2.2.4 Topfer Product and Services
2.2.5 Topfer Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.3 Abbott
2.3.1 Abbott Details
2.3.2 Abbott Major Business
2.3.3 Abbott SWOT Analysis
2.3.4 Abbott Product and Services
2.3.5 Abbott Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.4 Nestle
2.4.1 Nestle Details
2.4.2 Nestle Major Business
2.4.3 Nestle SWOT Analysis
2.4.4 Nestle Product and Services
2.4.5 Nestle Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.5 Bellamy
2.5.1 Bellamy Details
2.5.2 Bellamy Major Business
2.5.3 Bellamy SWOT Analysis
2.5.4 Bellamy Product and Services
2.5.5 Bellamy Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.6 Danone
2.6.1 Danone Details
2.6.2 Danone Major Business
2.6.3 Danone Product and Services
2.6.4 Danone Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.7 Perrigo
2.7.1 Perrigo Details
2.7.2 Perrigo Major Business
2.7.3 Perrigo Product and Services
2.7.4 Perrigo Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.8 Heinz
2.8.1 Heinz Details
2.8.2 Heinz Major Business
2.8.3 Heinz Product and Services
2.8.4 Heinz Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.9 FrieslandCampina
2.9.1 FrieslandCampina Details
2.9.2 FrieslandCampina Major Business
2.9.3 FrieslandCampina Product and Services
2.9.4 FrieslandCampina Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.10 HiPP
2.10.1 HiPP Details
2.10.2 HiPP Major Business
2.10.3 HiPP Product and Services
2.10.4 HiPP Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.11 Pinnacle
2.11.1 Pinnacle Details
2.11.2 Pinnacle Major Business
2.11.3 Pinnacle Product and Services
2.11.4 Pinnacle Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.12 Biostime
2.12.1 Biostime Details
2.12.2 Biostime Major Business
2.12.3 Biostime Product and Services
2.12.4 Biostime Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.13 Arla
2.13.1 Arla Details
2.13.2 Arla Major Business
2.13.3 Arla Product and Services
2.13.4 Arla Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.14 Feihe
2.14.1 Feihe Details
2.14.2 Feihe Major Business
2.14.3 Feihe Product and Services
2.14.4 Feihe Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.15 Meiji
2.15.1 Meiji Details
2.15.2 Meiji Major Business
2.15.3 Meiji Product and Services
2.15.4 Meiji Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.16 Westland Dairy
2.16.1 Westland Dairy Details
2.16.2 Westland Dairy Major Business
2.16.3 Westland Dairy Product and Services
2.16.4 Westland Dairy Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.17 Holle
2.17.1 Holle Details
2.17.2 Holle Major Business
2.17.3 Holle Product and Services
2.17.4 Holle Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.18 Yashili
2.18.1 Yashili Details
2.18.2 Yashili Major Business
2.18.3 Yashili Product and Services
2.18.4 Yashili Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.19 Yili
2.19.1 Yili Details
2.19.2 Yili Major Business
2.19.3 Yili Product and Services
2.19.4 Yili Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.20 Fonterra
2.20.1 Fonterra Details
2.20.2 Fonterra Major Business
2.20.3 Fonterra Product and Services
2.20.4 Fonterra Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.21 Plum Organics
2.21.1 Plum Organics Details
2.21.2 Plum Organics Major Business
2.21.3 Plum Organics Product and Services
2.21.4 Plum Organics Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.22 Brightdairy
2.22.1 Brightdairy Details
2.22.2 Brightdairy Major Business
2.22.3 Brightdairy Product and Services
2.22.4 Brightdairy Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.23 Hain Celestial
2.23.1 Hain Celestial Details
2.23.2 Hain Celestial Major Business
2.23.3 Hain Celestial Product and Services
2.23.4 Hain Celestial Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.24 Wissun
2.24.1 Wissun Details
2.24.2 Wissun Major Business
2.24.3 Wissun Product and Services
2.24.4 Wissun Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.25 Ausnutria Dairy Corporation (Hyproca)
2.25.1 Ausnutria Dairy Corporation (Hyproca) Details
2.25.2 Ausnutria Dairy Corporation (Hyproca) Major Business
2.25.3 Ausnutria Dairy Corporation (Hyproca) Product and Services
2.25.4 Ausnutria Dairy Corporation (Hyproca) Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.26 Synutra
2.26.1 Synutra Details
2.26.2 Synutra Major Business
2.26.3 Synutra Product and Services
2.26.4 Synutra Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.27 Beingmate
2.27.1 Beingmate Details
2.27.2 Beingmate Major Business
2.27.3 Beingmate Product and Services
2.27.4 Beingmate Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.28 DGC
2.28.1 DGC Details
2.28.2 DGC Major Business
2.28.3 DGC Product and Services
2.28.4 DGC Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
2.29 Wonderson
2.29.1 Wonderson Details
2.29.2 Wonderson Major Business
2.29.3 Wonderson Product and Services
2.29.4 Wonderson Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
3 Sales, Revenue and Market Share by Manufacturer
3.1 Global Baby Food and Infant Formula Sales and Market Share by Manufacturer (2018-2019)
3.2 Global Baby Food and Infant Formula Revenue and Market Share by Manufacturer (2018-2019)
3.3 Market Concentration Rate
3.3.1 Top 3 Baby Food and Infant Formula Manufacturer Market Share in 2019
3.3.2 Top 6 Baby Food and Infant Formula Manufacturer Market Share in 2019
3.4 Market Competition Trend
4 Global Market Analysis by Regions
4.1 Global Baby Food and Infant Formula Sales, Revenue and Market Share by Regions
4.1.1 Global Baby Food and Infant Formula Sales and Market Share by Regions (2015-2020)
4.1.2 Global Baby Food and Infant Formula Revenue and Market Share by Regions (2015-2020)
4.2 North America Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
4.3 Europe Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
4.4 Asia-Pacific Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
4.5 South America Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
4.6 Middle East and Africa Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
5 North America by Country
5.1 North America Baby Food and Infant Formula Sales, Revenue and Market Share by Country
5.1.1 North America Baby Food and Infant Formula Sales and Market Share by Country (2015-2020)
5.1.2 North America Baby Food and Infant Formula Revenue and Market Share by Country (2015-2020)
5.2 United States Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
5.3 Canada Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
5.4 Mexico Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
6 Europe by Country
6.1 Europe Baby Food and Infant Formula Sales, Revenue and Market Share by Country
6.1.1 Europe Baby Food and Infant Formula Sales and Market Share by Country (2015-2020)
6.1.2 Europe Baby Food and Infant Formula Revenue and Market Share by Country (2015-2020)
6.2 Germany Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
6.3 UK Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
6.4 France Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
6.5 Russia Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
6.6 Italy Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
7 Asia-Pacific by Regions
7.1 Asia-Pacific Baby Food and Infant Formula Sales, Revenue and Market Share by Regions
7.1.1 Asia-Pacific Baby Food and Infant Formula Sales and Market Share by Regions (2015-2020)
7.1.2 Asia-Pacific Baby Food and Infant Formula Revenue and Market Share by Regions (2015-2020)
7.2 China Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
7.3 Japan Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
7.4 Korea Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
7.5 India Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
7.6 Southeast Asia Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
7.7 Australia Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
8 South America by Country
8.1 South America Baby Food and Infant Formula Sales, Revenue and Market Share by Country
8.1.1 South America Baby Food and Infant Formula Sales and Market Share by Country (2015-2020)
8.1.2 South America Baby Food and Infant Formula Revenue and Market Share by Country (2015-2020)
8.2 Brazil Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
8.3 Argentina Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
9 Middle East & Africa by Countries
9.1 Middle East & Africa Baby Food and Infant Formula Sales, Revenue and Market Share by Country
9.1.1 Middle East & Africa Baby Food and Infant Formula Sales and Market Share by Country (2015-2020)
9.1.2 Middle East & Africa Baby Food and Infant Formula Revenue and Market Share by Country (2015-2020)
9.2 Saudi Arabia Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
9.3 Turkey Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
9.4 Egypt Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
9.5 South Africa Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
10 Market Segment by Type
10.1 Global Baby Food and Infant Formula Sales and Market Share by Type (2015-2020)
10.2 Global Baby Food and Infant Formula Revenue and Market Share by Type (2015-2020)
10.3 Global Baby Food and Infant Formula Price by Type (2015-2020)
11 Global Baby Food and Infant Formula Market Segment by Application
11.1 Global Baby Food and Infant Formula Sales Market Share by Application (2015-2020)
11.2 Global Baby Food and Infant Formula Revenue Market Share by Application (2015-2020)
11.3 Global Baby Food and Infant Formula Price by Application (2015-2020)
12 Market Forecast
12.1 Global Baby Food and Infant Formula Sales, Revenue and Growth Rate (2021-2025)
12.2 Baby Food and Infant Formula Market Forecast by Regions (2021-2025)
12.2.1 North America Baby Food and Infant Formula Market Forecast (2021-2025)
12.2.2 Europe Baby Food and Infant Formula Market Forecast (2021-2025)
12.2.3 Asia-Pacific Baby Food and Infant Formula Market Forecast (2021-2025)
12.2.4 South America Baby Food and Infant Formula Market Forecast (2021-2025)
12.2.5 Middle East & Africa Baby Food and Infant Formula Market Forecast (2021-2025)
12.3 Baby Food and Infant Formula Market Forecast by Type (2021-2025)
12.3.1 Global Baby Food and Infant Formula Sales Forecast by Type (2021-2025)
12.3.2 Global Baby Food and Infant Formula Market Share Forecast by Type (2021-2025)
12.4 Baby Food and Infant Formula Market Forecast by Application (2021-2025)
12.4.1 Global Baby Food and Infant Formula Sales Forecast by Application (2021-2025)
12.4.2 Global Baby Food and Infant Formula Market Share Forecast by Application (2021-2025)
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Data Source
15.3 Disclaimer
15.4 About US
Table 1. Global Baby Food and Infant Formula Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of Baby Food and Infant Formula by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global Baby Food and Infant Formula Market Size and Growth Estimation in Various Scenarios in 2020
Table 4. Global Baby Food and Infant Formula Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 5. Market Opportunities in Next Few Years
Table 6. Market Risks Analysis
Table 7. Market Drivers
Table 8. Mead Johnson Basic Information, Manufacturing Base and Competitors
Table 9. Mead Johnson Baby Food and Infant Formula Major Business
Table 10. Mead Johnson Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 11. Mead Johnson SWOT Analysis
Table 12. Mead Johnson Baby Food and Infant Formula Product and Services
Table 13. Mead Johnson Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 14. Topfer Basic Information, Manufacturing Base and Competitors
Table 15. Topfer Baby Food and Infant Formula Major Business
Table 16. Topfer Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 17. Topfer SWOT Analysis
Table 18. Topfer Baby Food and Infant Formula Product and Services
Table 19. Topfer Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 20. Abbott Basic Information, Manufacturing Base and Competitors
Table 21. Abbott Baby Food and Infant Formula Major Business
Table 22. Abbott Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 23. Abbott SWOT Analysis
Table 24. Abbott Baby Food and Infant Formula Product and Services
Table 25. Abbott Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 26. Nestle Basic Information, Manufacturing Base and Competitors
Table 27. Nestle Baby Food and Infant Formula Major Business
Table 28. Nestle Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 29. Nestle SWOT Analysis
Table 30. Nestle Baby Food and Infant Formula Product and Services
Table 31. Nestle Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 32. Bellamy Basic Information, Manufacturing Base and Competitors
Table 33. Bellamy Baby Food and Infant Formula Major Business
Table 34. Bellamy Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 35. Bellamy SWOT Analysis
Table 36. Bellamy Baby Food and Infant Formula Product and Services
Table 37. Bellamy Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 38. Danone Basic Information, Manufacturing Base and Competitors
Table 39. Danone Baby Food and Infant Formula Major Business
Table 40. Danone Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 41. Danone SWOT Analysis
Table 42. Danone Baby Food and Infant Formula Product and Services
Table 43. Danone Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 44. Perrigo Basic Information, Manufacturing Base and Competitors
Table 45. Perrigo Baby Food and Infant Formula Major Business
Table 46. Perrigo Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 47. Perrigo SWOT Analysis
Table 48. Perrigo Baby Food and Infant Formula Product and Services
Table 49. Perrigo Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 50. Heinz Basic Information, Manufacturing Base and Competitors
Table 51. Heinz Baby Food and Infant Formula Major Business
Table 52. Heinz Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 53. Heinz SWOT Analysis
Table 54. Heinz Baby Food and Infant Formula Product and Services
Table 55. Heinz Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 56. FrieslandCampina Basic Information, Manufacturing Base and Competitors
Table 57. FrieslandCampina Baby Food and Infant Formula Major Business
Table 58. FrieslandCampina Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 59. FrieslandCampina SWOT Analysis
Table 60. FrieslandCampina Baby Food and Infant Formula Product and Services
Table 61. FrieslandCampina Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 62. HiPP Basic Information, Manufacturing Base and Competitors
Table 63. HiPP Baby Food and Infant Formula Major Business
Table 64. HiPP Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 65. HiPP SWOT Analysis
Table 66. HiPP Baby Food and Infant Formula Product and Services
Table 67. HiPP Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 68. Pinnacle Basic Information, Manufacturing Base and Competitors
Table 69. Pinnacle Baby Food and Infant Formula Major Business
Table 70. Pinnacle Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 71. Pinnacle SWOT Analysis
Table 72. Pinnacle Baby Food and Infant Formula Product and Services
Table 73. Pinnacle Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 74. Biostime Basic Information, Manufacturing Base and Competitors
Table 75. Biostime Baby Food and Infant Formula Major Business
Table 76. Biostime Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 77. Biostime SWOT Analysis
Table 78. Biostime Baby Food and Infant Formula Product and Services
Table 79. Biostime Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 80. Arla Basic Information, Manufacturing Base and Competitors
Table 81. Arla Baby Food and Infant Formula Major Business
Table 82. Arla Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 83. Arla SWOT Analysis
Table 84. Arla Baby Food and Infant Formula Product and Services
Table 85. Arla Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 86. Feihe Basic Information, Manufacturing Base and Competitors
Table 87. Feihe Baby Food and Infant Formula Major Business
Table 88. Feihe Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 89. Feihe SWOT Analysis
Table 90. Feihe Baby Food and Infant Formula Product and Services
Table 91. Feihe Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 92. Meiji Basic Information, Manufacturing Base and Competitors
Table 93. Meiji Baby Food and Infant Formula Major Business
Table 94. Meiji Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 95. Meiji SWOT Analysis
Table 96. Meiji Baby Food and Infant Formula Product and Services
Table 97. Meiji Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 98. Westland Dairy Basic Information, Manufacturing Base and Competitors
Table 99. Westland Dairy Baby Food and Infant Formula Major Business
Table 100. Westland Dairy Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 101. Westland Dairy SWOT Analysis
Table 102. Westland Dairy Baby Food and Infant Formula Product and Services
Table 103. Westland Dairy Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 104. Holle Basic Information, Manufacturing Base and Competitors
Table 105. Holle Baby Food and Infant Formula Major Business
Table 106. Holle Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 107. Holle SWOT Analysis
Table 108. Holle Baby Food and Infant Formula Product and Services
Table 109. Holle Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 110. Yashili Baby Food and Infant Formula Type and Application
Table 111. Yashili Baby Food and Infant Formula Major Business
Table 112. Yashili Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 113. Yashili SWOT Analysis
Table 114. Yashili Baby Food and Infant Formula Product and Services
Table 115. Yashili Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 116. Yili Basic Information, Manufacturing Base and Competitors
Table 117. Yili Baby Food and Infant Formula Major Business
Table 118. Yili Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 119. Yili SWOT Analysis
Table 120. Yili Baby Food and Infant Formula Product and Services
Table 121. Yili Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 122. Fonterra Basic Information, Manufacturing Base and Competitors
Table 123. Fonterra Baby Food and Infant Formula Major Business
Table 124. Fonterra Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 125. Fonterra SWOT Analysis
Table 126. Fonterra Baby Food and Infant Formula Product and Services
Table 127. Fonterra Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 128. Plum Organics Basic Information, Manufacturing Base and Competitors
Table 129. Plum Organics Baby Food and Infant Formula Major Business
Table 130. Plum Organics Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 131. Plum Organics SWOT Analysis
Table 132. Plum Organics Baby Food and Infant Formula Product and Services
Table 133. Plum Organics Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 134. Brightdairy Basic Information, Manufacturing Base and Competitors
Table 135. Brightdairy Baby Food and Infant Formula Major Business
Table 136. Brightdairy Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 137. Brightdairy SWOT Analysis
Table 138. Brightdairy Baby Food and Infant Formula Product and Services
Table 139. Brightdairy Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 140. Hain Celestial Basic Information, Manufacturing Base and Competitors
Table 141. Hain Celestial Baby Food and Infant Formula Major Business
Table 142. Hain Celestial Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 143. Hain Celestial SWOT Analysis
Table 144. Hain Celestial Baby Food and Infant Formula Product and Services
Table 145. Hain Celestial Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 146. Wissun Basic Information, Manufacturing Base and Competitors
Table 147. Wissun Baby Food and Infant Formula Major Business
Table 148. Wissun Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 149. Wissun SWOT Analysis
Table 150. Wissun Baby Food and Infant Formula Product and Services
Table 151. Wissun Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 152. Ausnutria Dairy Corporation (Hyproca) Basic Information, Manufacturing Base and Competitors
Table 153. Ausnutria Dairy Corporation (Hyproca) Baby Food and Infant Formula Major Business
Table 154. Ausnutria Dairy Corporation (Hyproca) Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 155. Ausnutria Dairy Corporation (Hyproca) SWOT Analysis
Table 156. Ausnutria Dairy Corporation (Hyproca) Baby Food and Infant Formula Product and Services
Table 157. Ausnutria Dairy Corporation (Hyproca) Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 158. Synutra Basic Information, Manufacturing Base and Competitors
Table 159. Synutra Baby Food and Infant Formula Major Business
Table 160. Synutra Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 161. Synutra SWOT Analysis
Table 162. Synutra Baby Food and Infant Formula Product and Services
Table 163. Synutra Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 164. Beingmate Basic Information, Manufacturing Base and Competitors
Table 165. Beingmate Baby Food and Infant Formula Major Business
Table 166. Beingmate Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 167. Beingmate SWOT Analysis
Table 168. Beingmate Baby Food and Infant Formula Product and Services
Table 169. Beingmate Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 170. DGC Basic Information, Manufacturing Base and Competitors
Table 171. DGC Baby Food and Infant Formula Major Business
Table 172. DGC Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 173. DGC SWOT Analysis
Table 174. DGC Baby Food and Infant Formula Product and Services
Table 175. DGC Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 176. Wonderson Basic Information, Manufacturing Base and Competitors
Table 177. Wonderson Baby Food and Infant Formula Major Business
Table 178. Wonderson Baby Food and Infant Formula Total Revenue (USD Million) (2018-2019)
Table 179. Wonderson SWOT Analysis
Table 180. Wonderson Baby Food and Infant Formula Product and Services
Table 181. Wonderson Baby Food and Infant Formula Sales, Price, Revenue, Gross Margin and Market Share (2018-2019)
Table 182. Global Baby Food and Infant Formula Sales by Manufacturer (2018-2019) (K MT)
Table 183. Global Baby Food and Infant Formula Revenue by Manufacturer (2018-2019) (USD Million)
Table 184. Global Baby Food and Infant Formula Sales by Regions (2015-2020) (K MT)
Table 185. Global Baby Food and Infant Formula Sales Market Share by Regions (2015-2020)
Table 186. Global Baby Food and Infant Formula Revenue by Regions (2015-2020) (USD Million)
Table 187. North America Baby Food and Infant Formula Sales by Countries (2015-2020) (K MT)
Table 188. North America Baby Food and Infant Formula Sales Market Share by Countries (2015-2020)
Table 189. North America Baby Food and Infant Formula Revenue by Countries (2015-2020) (USD Million)
Table 190. North America Baby Food and Infant Formula Revenue Market Share by Countries (2015-2020)
Table 191. Europe Baby Food and Infant Formula Sales by Countries (2015-2020) (K MT)
Table 192. Europe Baby Food and Infant Formula Sales Market Share by Countries (2015-2020)
Table 193. Europe Baby Food and Infant Formula Revenue by Countries (2015-2020) (USD Million)
Table 194. Asia-Pacific Baby Food and Infant Formula Sales by Regions (2015-2020) (K MT)
Table 195. Asia-Pacific Baby Food and Infant Formula Sales Market Share by Regions (2015-2020)
Table 196. Asia-Pacific Baby Food and Infant Formula Revenue by Regions (2015-2020) (USD Million)
Table 197. South America Baby Food and Infant Formula Sales by Countries (2015-2020) (K MT)
Table 198. South America Baby Food and Infant Formula Sales Market Share by Countries (2015-2020)
Table 199. South America Baby Food and Infant Formula Revenue by Countries (2015-2020) (USD Million)
Table 200. South America Baby Food and Infant Formula Revenue Market Share by Countries (2015-2020)
Table 201. Middle East & Africa Baby Food and Infant Formula Sales by Countries (2015-2020) (K MT)
Table 202. Middle East & Africa Baby Food and Infant Formula Sales Market Share by Countries (2015-2020)
Table 203. Middle East & Africa Baby Food and Infant Formula Revenue by Countries (2015-2020) (USD Million)
Table 204. Middle East & Africa Baby Food and Infant Formula Revenue Market Share by Countries (2015-2020)
Table 205. Global Baby Food and Infant Formula Sales by Type (2015-2020) (K MT)
Table 206. Global Baby Food and Infant Formula Sales Share by Type (2015-2020)
Table 207. Global Baby Food and Infant Formula Revenue by Type (2015-2020) (USD Million)
Table 208. Global Baby Food and Infant Formula Revenue Share by Type (2015-2020)
Table 209. Global Baby Food and Infant Formula Sales by Application (2015-2020) (K MT)
Table 210. Global Baby Food and Infant Formula Sales Share by Application (2015-2020)
Table 211. Global Baby Food and Infant Formula Sales Forecast by Regions (2021-2025) (K MT)
Table 212. Global Baby Food and Infant Formula Market Share Forecast by Regions (2021-2025)
Table 213. Global Baby Food and Infant Formula Sales Forecast by Type (2021-2025) (K MT)
Table 214. Global Baby Food and Infant Formula Market Share Forecast by Type (2021-2025)
Table 215. Global Baby Food and Infant Formula Sales Forecast by Application (2021-2025)
Table 216. Global Baby Food and Infant Formula Market Share Forecast by Application (2021-2025)
Table 217. Direct Channel Pros & Cons
Table 218. Indirect Channel Pros & Cons
Table 219. Distributors/Traders/ Dealers List
List of Figures
Figure 1. Baby Food and Infant Formula Picture
Figure 2. Global Sales Market Share of Baby Food and Infant Formula by Type in 2019
Figure 3. Standard cow's milk-based formulas Picture
Figure 4. Soy-based formulas Picture
Figure 5. Hypoallergenic formulas Picture
Figure 6. Lactose-free formulas: Picture
Figure 7. Baby Food and Infant Formula Sales Market Share by Application in 2019
Figure 8. 0-6 Months Picture
Figure 9. 6-12 Months Picture
Figure 10. >12 Months Picture
Figure 11. Global Baby Food and Infant Formula Market Status and Outlook (2015-2025) (USD Million)
Figure 12. United States Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 13. Canada Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 14. Mexico Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 15. Germany Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 16. France Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 17. UK Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 18. Russia Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 19. Italy Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 20. China Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 21. Japan Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 22. Korea Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 23. India Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 24. Southeast Asia Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 25. Australia Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025) (USD Million)
Figure 26. Brazil Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 27. Egypt Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 28. Saudi Arabia Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 29. South Africa Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 30. Turkey Baby Food and Infant Formula Revenue (Value) and Growth Rate (2015-2025)
Figure 31. Global Baby Food and Infant Formula Sales Market Share by Manufacturer in 2019
Figure 32. Global Baby Food and Infant Formula Revenue Market Share by Manufacturer in 2019
Figure 33. Top 3 Baby Food and Infant Formula Manufacturer (Revenue) Market Share in 2019
Figure 34. Top 6 Baby Food and Infant Formula Manufacturer (Revenue) Market Share in 2019
Figure 35. Key Manufacturer Market Share Trend
Figure 36. Global Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 37. Global Baby Food and Infant Formula Revenue and Growth Rate (2015-2020) (USD Million)
Figure 38. Global Baby Food and Infant Formula Revenue Market Share by Regions (2015-2020)
Figure 39. Global Baby Food and Infant Formula Revenue Market Share by Regions in 2018
Figure 40. North America Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
Figure 41. Europe Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
Figure 42. Asia-Pacific Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
Figure 43. South America Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
Figure 44. Middle East & Africa Baby Food and Infant Formula Sales and Growth Rate (2015-2020)
Figure 45. North America Baby Food and Infant Formula Revenue and Growth Rate (2015-2020) (USD Million)
Figure 46. North America Baby Food and Infant Formula Sales Market Share by Countries (2015-2020)
Figure 47. North America Baby Food and Infant Formula Sales Market Share by Countries in 2018
Figure 48. North America Baby Food and Infant Formula Revenue Market Share by Countries (2015-2020) (USD Million)
Figure 49. North America Baby Food and Infant Formula Revenue Market Share by Countries in 2018
Figure 50. United States Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 51. Canada Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 52. Mexico Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 53. Europe Baby Food and Infant Formula Revenue and Growth Rate (2015-2020) (USD Million)
Figure 54. Europe Baby Food and Infant Formula Revenue Market Share by Countries (2015-2020)
Figure 55. Europe Baby Food and Infant Formula Revenue Market Share by Countries in 2019
Figure 56. Germany Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 57. UK Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 58. France Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 59. Russia Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 60. Italy Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 61. Asia-Pacific Baby Food and Infant Formula Revenue and Growth Rate (2015-2020) (USD Million)
Figure 62. Asia-Pacific Baby Food and Infant Formula Sales Market Share by Regions 2019
Figure 63. Asia-Pacific Baby Food and Infant Formula Revenue Market Share by Regions 2019
Figure 64. China Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 65. Japan Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 66. Korea Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 67. India Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 68. Southeast Asia Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 69. South America Baby Food and Infant Formula Revenue and Growth Rate (2015-2020) (USD Million)
Figure 70. South America Baby Food and Infant Formula Sales Market Share by Countries in 2019
Figure 71. South America Baby Food and Infant Formula Revenue Market Share by Countries in 2019
Figure 72. Brazil Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 73. Argentina Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 74. Middle East and Africa Baby Food and Infant Formula Revenue and Growth Rate (2015-2020) (USD Million)
Figure 75. Middle East and Africa Baby Food and Infant Formula Sales Market Share by Countries in 2019
Figure 76. Middle East and Africa Baby Food and Infant Formula Revenue Market Share by Countries (2015-2020)
Figure 77. Middle East and Africa Baby Food and Infant Formula Revenue Market Share by Countries in 2019
Figure 78. Saudi Arabia Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 79. Egypt Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 80. Turkey Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 81. South Africa Baby Food and Infant Formula Sales and Growth Rate (2015-2020) (K MT)
Figure 82. Global Baby Food and Infant Formula Sales and Growth Rate (2021-2025) (K MT)
Figure 83. Global Baby Food and Infant Formula Revenue and Growth Rate (2021-2025) (USD Million)
Figure 84. North America Sales Baby Food and Infant Formula Market Forecast (2021-2025) (K MT)
Figure 85. Europe Sales Baby Food and Infant Formula Market Forecast (2021-2025) (K MT)
Figure 86. Asia-Pacific Sales Baby Food and Infant Formula Market Forecast (2021-2025) (K MT)
Figure 87. South America Sales Baby Food and Infant Formula Market Forecast (2021-2025) (K MT)
Figure 88. Middle East & Africa Sales Baby Food and Infant Formula Market Forecast (2021-2025) (K MT)
Figure 89. Sales Channel: Direct Channel vs Indirect Channel
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