The GMI Research expects the infant formula ingredients market to expand at a significant rate. From a regional perspective, the Asia-Pacific is projected to grow at a faster CAGR due to the rising working women and the strong demand for easy food. The increasing awareness associated with infant formula and the busy lifestyle of women will drive the market growth.
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Infant Formula Ingredients Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the major factors propelling the growth of the infant formula ingredients market include the rising number of working women populations, followed by the increasing awareness associated with the nutritional benefits of infant feeding for babies. Moreover, the growing disposable income, increasing urbanization, and significantly shifting lifestyle of consumers. Additionally, the rising health concerns among parents for the development of babies, coupled with the acceptability for trusted quality food products, will further fuel the growth of the global infant formula ingredients market size globally. Furthermore, the high demand for organic infant formula due to the growing hectic lifestyle of consumers will further support the growth of the market. The health benefits regarding infant formula ingredients, including better digestive health, healthy bone growth, and health benefits, will further surge the demand of the market. On the other hand, the factors hindering the growth of the global infant formula ingredients market include the increasing cost of the infant formula ingredients and rigorous regulations for infant formulas in emerging economies.
Ingredient Segment Drivers
Based on the ingredient, the Fats & Oils segment is expected to increase at a faster rate during the forecast period as it is the major ingredient needed for the growth of the infants as it offers high energy to the babies. The Fats & Oils are easily available in a large range of physiological and metabolic functions to infants. It plays an important part in the development of infants.
Source Segment Drivers
Based on the source, the Cow Milk segment is projected to lead the market during the forecast period due to the increasing use of cow milk-based ingredients by the manufactures. In addition to this, the growing acceptance of cow milk in North America and Europe will further accelerate the segment demand.
Infant Formula Ingredients Market’s leading Manufacturers:
- AAK AB
- Fonterra Co-operative Group Limited
- Carbery Food Ingredients Limited
- Royal Friesland Campina N.V.
- Sachsenmilch Leppersdorf GmbH
- BASF SE
- Koninklijke DSM N.V.
- Arla Foods amba
- Hansen Holdings A/S
- Kerry Group plc
- Lactalis Ingredients
- Glanbia plc
Infant Formula Ingredients Market Segmentation:
Segmentation by Ingredient:
- Carbohydrates
- Fats & Oils
- Proteins
- Whey Proteins
- Casein Proteins
- Plant Proteins
- Vitamins
- Minerals
- Others
Segmentation by Source:
- Cow Milk
- Soy
- Protein Hydrolysates
- Others
Segmentation by Form:
- Dry
- Liquid
Segmentation 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
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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