Infant Formula Ingredients Market by Ingredient Type (Oils & Fats, Carbohydrates, Vitamins, Proteins, Minerals, Prebiotics), Application (Standard Infant Formula, Growing Up Milk, Follow-Up Formula, Specialty), Form, Source, Region, Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast to 2027
Newark, NJ, May 19, 2022 (GLOBE NEWSWIRE) — According to the report published by Fior Markets, the global infant formula ingredients market is expected to grow from $16.8 billion in 2019 to $30 billion by 2027, at a CAGR of 7.5% over the forecast period 2020-2027. The Asia-Pacific region is expected to dominate the market and the market share will increase over the forecast period. Growth in the region can be attributed to increasing urbanization and changing lifestyles of people, resulting in increased demand for digestive and protein-rich products. Rising disposable income of people in the region is also expected to fuel the growth of the market.
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The major market players are Co-operative Group Limited, Royal Friesland Campina NV, AAK AB, BASF SE, Carbery Food Ingredients Limited, Glanbia plc, Sachsenmilch Leppersdorf GmbH, Koninklijke DSM NV, Chr. Hansen Holdings A/S, Lactalis Ingredients, Arla Foods, Kerry Group plc and Vitablend Nederland BV
This study provides a comprehensive analysis of ingredient types, applications, form, source, and regions. Based on the type of ingredients, the market is divided into oils and fats, carbohydrates, vitamins, proteins, minerals, and prebiotics. The oils and fats market is expected to dominate the market share as they are the major ingredients for infant growth. Oil and fats provide high energy and aid in metabolism and other health development benefits for infants. Based on demand, the market is divided into standard infant formula, growing up milk, follow-on formula and specialty. The growing up milk segment is expected to dominate the market share as it helps in providing balanced nutrition to infants. The need for additional nutritional options for infants is helping to increase the demand for the growing up milk segment. Based on form, the market can be divided into powder and liquid/semi-liquid form. The powdered form has a higher demand due to its ease of use and handling. Based on source, the market can be divided into cow’s milk, soy, protein hydrolysates and others. The cow’s milk segment is expected to dominate the market share due to its low cost and widespread acceptance. Additionally, cow’s milk ingredients are easily available, which helps the market grow.
The increase in the number of women who go to work after giving birth is the main driver for the growth of the market. The inability of mothers to breastfeed, parents seeking additional sources of nutrition for babies are also fueling the growth of the market. The health benefits of infant formula ingredients such as healthy bone growth, better digestion, lower cholesterol and lower risk of cardiovascular diseases are also contributing to the market growth. The shift in people’s preferences towards a healthy lifestyle will also lead to the growth of the market. Less knowledge about the product and its benefits will restrain the growth of the market.
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About the report:
The global infant formula ingredients market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.
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About Fior Markets
Fior Markets is a futuristic market intelligence company, helping clients develop their trading strategies and make better decisions using actionable insights. With a transparent pool of information, we meet client objectives, high-level engagements and target potential leads for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market information research reports, including industries such as technology, pharmaceuticals, consumer goods, food and beverages, chemicals, media, materials and many more.
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