Infant Formula Ingredients Market Research Report by Ingredient, By Application, forecast till - 2027
Infant Formula Ingredients Market
Infant Formula Ingredients Market size was estimated at USD 17,012 million in 2019 and is predicted to expand at a CAGR of 8% over the forecast period, owing to the accelerating working women population.
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Growth in the global infant formula market is driven by the rising awareness about their nutritional benefits, rapidly accelerating urban population, and rising per capita income. Growing health concerns regarding the growth of baby and the increasing consumption of trusted food quality will further bolster the market growth. Also, as per the Infant Formula Ingredients Market Forecast, with the hectic lifestyle of individuals, the demand for organic infant formula has increased. Infant formula ingredients offer various health benefits which include strong bones, better digestion, among others, strengthening the market size. However, the huge cost of these ingredients and stringent norms might hamper the Infant Formula Ingredients Market growth.
By ingredient, the Oils & Fats ingredient is anticipated to expand at a faster CAGR over the forecast period, owing to the high energy offered to the babies. The Oils & Fats ingredients helps with physiological and metabolic functions to infants.
By form, Dry form is projected to lead the market over the forecast period due to the increasing consciousness regarding the nutritional content such as carbohydrates, fats, and proteins. The dry form is more commonly used than liquid form due to its user-friendliness.
By region, the Asia-Pacific region is forecast to grow at a faster CAGR during the forecast period. Growth in the region is attributed to the rising working women and rising awareness about the infant formula guided by the hectic lifestyle of women.
Key players in the market, include Fonterra Co-operative Group Limited, AAK AB, Royal Friesland Campina N.V., BASF SE, Koninklijke DSM N.V., Carbery Food Ingredients Limited, Arla Foods amba, Chr. Hansen Holdings A/S, Sachsenmilch Leppersdorf GmbH, Lactalis Ingredients, Glanbia plc, Kerry Group plc, among others.
Key Developments:
In 2018, BASF SE introduced 2’- fucosyllactose (2’-FL) to strengthen the capability in infant nutrition and to improve child health.
In 2018, Lactalis Ingredients adopted Aspen Pharmacare to enlarge infant formula business and to fulfil the growing demand for infant formula.
In 2018, Royal Friesland Campina N.V. took over Cheese Corporation USA to authenticate its business in the US market further.
Infant Formula Ingredients Market Segmentation:
Infant Formula Ingredients Market by Ingredient
- Carbohydrates
- Fats & Oils
- Proteins
- Whey Proteins
- Casein Proteins
- Plant Proteins
- Vitamins
- Minerals
- Others
Infant Formula Ingredient Market by Source
- Cow Milk
- Soy
- Protein Hydrolysates
- Others
Infant Formula Ingredients Market by Form
- Dry
- Liquid
Infant Formula Ingredients Market by Application
- Growing-Up Milk Formula (Infants over 12 months)
- Standard Infant Formula (0–6-month-old infants)
- Follow-On Formula (6–12-month-old infants)
- Specialty Formula
Infant Formula Ingredients Market by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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