Analyst Perspective
The global infant formula ingredients market is expected to register a CAGR of 7.2%. The infant feed industry is growing rapidly, driven by urbanization, rising disposable incomes, and increasing awareness of infant formula's benefits, leading to a growing demand for all types of infant formula ingredients, from carbohydrates and proteins to vitamins and minerals. Manufacturers in the infant formula industry face significant hurdles due to strict regulations governing the safety and quality of ingredients. Rising consumer concerns about ingredient safety intensify the need for companies to maintain transparency and robust quality control. Growing demand for organic and natural ingredients, innovation in functional ingredients, and expansion in emerging markets are significant growth-driven opportunities for the infant formula ingredients market.
Market Overview
Infant formula, also known as baby formula or infant milk, is a convenient nutritional product designed for babies and infants up to 12 months old. Infant formula is a specialized product designed to support the nutritional needs of growing infants. It focuses on delivering essential vitamins, minerals, and other nutrients in precise amounts crucial for infant development at different stages. The number of births and the global population directly impact the demand for infant formula ingredients. Parents prioritize infant's nutritional requirements and overall well-being, driving the demand for infant formula products that deliver vital nutrients and promote healthy growth and development.
Market Drivers
- As more and more women enter the workforce, there is a rising demand for convenient and easy-to-prepare infant formula, driving the demand for ingredients that can be used to make shelf-stable and easy-to-mix formula.
- Parents are increasingly concerned about the safety and quality of their children's food, which led to growing demand for organic and natural infant formula ingredients.
- There is a significant increase in the number of births in developing countries, which has led to a growing demand for infant formula and, therefore, for the ingredients used to make it.
Market Segmentation
The global infant formula ingredients market is segmented based on type, form source, and application. The global infant formula ingredients market is segmented based on carbohydrates, oils and fats, proteins, vitamins and minerals, prebiotics, and others. The infant formula ingredients market is segmented based on form into dry and liquid. The infant formula ingredients market is segmented based on source into conventional and organic. Based on application into standard infant formula, growing-up milk, follow-on formula, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives an overview and forecast of the global Infant formula ingredients market based on several segments. It also provides market size and forecast estimates from 2020 to 2030 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The Infant Formula Ingredients Market by region is also sub-segmented by respective countries and segments. The Infant Formula Ingredients Market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the Infant Formula Ingredients Market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' Infant Formula Ingredients Market.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the infant formula ingredients market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The Infant Formula Ingredients Market players are anticipated to have lucrative growth opportunities with the rising demand for convenient and easy-to-prepare infant formula in the global market.
The report includes key companies' profiles, SWOT analysis, and Infant formula ingredients market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the infant formula ingredients market.
- AAK
- DSM
- Arla Foods
- Carberry
- Kerry Group
- Fonterra
- Ingredion
- Saputo
- Tate & Lyle
- Lonza Group