The global infant formula ingredients market was estimated at US$ 23.8 billion in 2020, and with an annual compound rate of 9.6%, it is expected to reach US$ 38.4 billion by 2025. In general, most products that are safe and available for consumers rely on milk. Infant formulas generally contain functional ingredients that are essential for the growth of babies.
In 2019, Nestlé (Switzerland) opened a new R&D center in Ireland. The company has invested $ 30 million. The center will focus on the development of products for children’s nutrition.
In 2019, BASF launched the first HMO PREBILAC 2′-FL for the children’s nutrition market.
Market Drivers and Restraints:
The growth in the global infant formula ingredients market is mainly due to an increase in the number of women working in middle-class families in several regions, including North America, Asia Pacific and Latin America. Protein consumption, as a component in a variety of applications, such as milking and unique preparations, is expected to increase the overall demand for infant ingredients in the coming years. In the infant formula, proteins are used to make foods with alternative hypoallergenic proteids for babies suffering from milk allergies, celiac disease and gluten intolerance. In addition, the protein components of infant formulas are generally prepared for a bottle or cup feeding on powdered or liquid solutions. The infant formula contains proteins, carbohydrates and fats, which are necessary to provide the macronutrients and energy that babies need.
However, the lack of knowledge of the merits of the formula and the presence of several leading players and promotional activities make the market more competitive.
Report is segmented as:
According to the ingredients, the global infant formula ingredients market is divided into oils and fats, carbohydrates, proteins, vitamins and prebiotic minerals. The prebiotic sector is expected to have a significant demand due to the various perceived health benefits.
By source, the market is divided into dairy cows, soybeans and protein hydrolysates. The protein hydrolyzate segments are expected to show the fastest growth during the forecast period.
Depending on the application, the global infant formula ingredients market is divided into standard infant formulas, cultured milk, special formulas and subsequent formulas.
Geographically, Asia Pacific has led the world market for infant formula ingredients in recent years. As urbanization increases and the demand for easy foods increases, the market for a variety of recipes is expected to be active, including great growth in the global infant formula ingredients market. The Asia-Pacific region is one of the largest consumers of children’s ingredients, so the Chinese market is dominant. China benefits from trade because it is one of the leading international exporters of children’s ingredients to other countries, such as New Zealand.
Key market players:
Major companies in the market include AAK AB, Cooperative Group Limited, Royal Friesland Campina NV, Glanbia plc, Carbery Food Ingredients Limited, BASF SE, Sachsenmilch Leppersdorf GmbH, Koninklijke DSM NV, Chr. Hansen Holdings A / S, Ingredients for Lactalis, Arla Foods and Kerry Group plc.
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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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