Infant Formula Ingredients Market
Infant Formula Ingredients Market Size, Share & Trends Analysis Report, By Ingredient Type (Carbohydrates, Oils & Fats, Protein, Vitamin, Minerals, Prebiotics), By Source (Cow, Milk, Soy, Protein Hydrolysates), By Application (Growing-up Milk, Standard Infant Formula, Follow-on Formula, Specialty), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Infant formula ingredients market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period. Product innovations and technological improvements are expected to be the primary drivers of market growth. The increasing awareness in developing economies regarding the importance of adequate nutrition for the healthy growth of infants is a key factor promoting the growth of the infant formula ingredients market. Additionally, infant formula brands are adding various organic ingredients to their product following the trend of organic food which is also anticipated to drive the infant formula ingredients market during the forecast period.
Extensive R&D by key manufacturers involved in the infant formula ingredients to develop ingredients as per consumer expectations is further contributing to the market growth. For instance, in 2019, Nestlé S.A. opened a new R&D center in Ireland. The company made an investment of $30.0 million for the same. The center will focus on developing products for infant nutrition. However, contamination of infant formula with harmful ingredients is witnessed in both developed and developing regions. Infant formulas often contain small ingredients known as nanoparticles, which pose a threat to human health.
Segmental Outlook
The global infant formula ingredients market is segmented based on ingredient type, source and application. Based on ingredient type, the market is segmented into carbohydrates, oils & fats, protein, vitamins, minerals, and prebiotics. Based on the source, the market is segmented into cow milk, soy, and protein hydrolysate. Further, based on the application, the market is segmented into growing-up milk, standard infant formula, follow-on formula, and specialty formula.
Cow Milk Segment Holds Considerable Share in the Global Infant Formula Ingredients Market
Based on the source, the market is segmented into cow milk, soy, and protein hydrolysate. The cow milk segment is anticipated to grow with the fastest CAGR in the market owing to its high acceptance as a healthy product for babies across the globe. Additionally, cow milk-based formulas are easily available at a reasonable cost. Moreover, owing to its easy availability, infant formula manufacturers also prefer to use cow milk which will drive the growth of the cow milk segment during the forecast period.
Regional Outlook
The global infant formula ingredients market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America holds a considerable share in the global infant formula ingredients market. Significant healthcare expenditure coupled with high awareness regarding infant growth nutrients is driving the market growth in the region. Additionally, a large percentage of working parents in the region is also expanding the consumer base for the infant formula ingredients market. Europe is also anticipated to contribute significantly to the growth of the infant formula ingredients market owing to the increasing demand for organic ingredients-based formulas for infants in the region. However, the decreasing childbirth rate in Europe is one of the major restraining factors for market growth in the region.
Global Infant Formula Ingredients Market Growth, by Region 2022-2028
Asia-Pacific to Exhibit Significant Growth in the Global Infant Formula Ingredients Market
Asia-Pacific has significant potential for the growth of the infant formula ingredients market. The rapidly expanding retail sector of the region is a key factor in promoting the awareness of these formulas. In addition to this, the increasing proportion of working women in the developing economies, increasing awareness as well as rising disposable income are some of the major factors for the growth of the market in the region. Moreover, the increasing shift in the focus of key global players towards the huge pool of potential consumers from developing economies such as India and China will also contribute to the growth of the infant formula ingredients market across the region.
Market Players Outlook
The major companies serving the global infant formula ingredients market include BASF SE, Koninklijke DSM N.V., and Arla Foods amba, among others. The companies are focusing on product innovation, technology advancements, expansions, mergers and acquisitions, and finding a new market or innovation in their core competency to expand individual market share.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global infant formula ingredients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Infant Formula Ingredients Market, By Ingredient Type
4.1.1. Carbohydrates
4.1.2. Oils & Fats
4.1.3. Protein
4.1.4. Vitamin
4.1.5. Minerals
4.1.6. Prebiotics
4.2. Global Infant Formula Ingredients Market, By Source
4.2.1. Cow Milk
4.2.2. Soy
4.2.3. Protein Hydrolysates
4.3. Global Infant Formula Ingredients Market, By Application
4.3.1. Growing-Up Milk
4.3.2. Standard Infant Formula
4.3.3. Follow-On Formula
4.3.4. Specialty
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AAK AB
6.2. Abbott Laboratories
6.3. Arla Food Ingredients Ltd.
6.4. BASF SE
6.5. Carbery Food Ingredients Ltd.
6.6. Danone Baby & Medical Nutrition BV
6.7. Fonterra Co-operative Group Ltd.
6.8. Hilmar Ingredients
6.9. Koninklijke DSM N.V.
6.10. Lactalis Ingredients
6.11. Nestle S.A.
6.12. Royal Friesland Campina N.V.
6.13. Sachsenmilch Leppersdorf GMBH
6.14. Vitablend Nederland B.V.
6.15. Wockhardt Ltd.
1. GLOBAL INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY INGREDIENT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL INFANT FORMULA CARBOHYDRATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL INFANT FORMULA OILS & FATS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL INFANT FORMULA PROTEIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL INFANT FORMULA VITAMIN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL INFANT FORMULA MINERALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL INFANT FORMULA PREBIOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
9. GLOBAL COW MILK BASED INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL SOY BASED INFANT FORMULA INGREDIENTS MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL PROTEIN HYDROLYSATES BASED INFANT FORMULA INGREDIENTS MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
13. GLOBAL INFANT FORMULA INGREDIENTS FOR GROWING-UP MILK MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL INFANT FORMULA INGREDIENTS FOR STANDARD INFANT FORMULA MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL INFANT FORMULA INGREDIENTS FOR FOLLOW-ON FORMULA MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL INFANT FORMULA INGREDIENTS FOR SPECIALTY MARKET RESEARCH, AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY INGREDIENT TYPE, 2021-2028 ($ MILLION)
19. NORTH AMERICAN INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. EUROPEAN INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY INGREDIENT TYPE, 2021-2028 ($ MILLION)
23. EUROPEAN INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
24. EUROPEAN INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY INGREDIENT TYPE, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY INGREDIENT TYPE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD INFANT FORMULA INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL INFANT FORMULA INGREDIENTS MARKET SHARE BY INGREDIENT TYPE, 2021 VS 2028 (%)
2. GLOBAL INFANT FORMULA INGREDIENTS MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
3. GLOBAL INFANT FORMULA INGREDIENTS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
4. GLOBAL INFANT FORMULA INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL INFANT FORMULA CARBOHYDRATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL INFANT FORMULA OILS & FATS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL INFANT FORMULA PROTEIN MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL INFANT FORMULA VITAMIN MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL INFANT FORMULA MINERALS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL INFANT FORMULA PREBIOTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL COW MILK BASED INFANT FORMULA INGREDIENTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL SOY BASED INFANT FORMULA INGREDIENTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL PROTEIN HYDROLYSATES BASED INFANT FORMULA INGREDIENTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL INFANT FORMULA INGREDIENTS FOR GROWING-UP MILK MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL INFANT FORMULA INGREDIENTS FOR STANDARD INFANT FORMULA MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL INFANT FORMULA INGREDIENTS FOR FOLLOW-ON FORMULA MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL INFANT FORMULA INGREDIENTS FOR SPECIALTY MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL INFANT FORMULA INGREDIENTS FOR FOOD MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL INFANT FORMULA INGREDIENTS FOR OTHER APPLICATIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. GLOBAL INFANT FORMULA INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. US INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
22. CANADA INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
23. UK INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
24. FRANCE INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
25. GERMANY INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
26. ITALY INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
27. SPAIN INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF EUROPE INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
29. INDIA INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
30. CHINA INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
31. JAPAN INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
32. SOUTH KOREA INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF ASIA-PACIFIC INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD INFANT FORMULA INGREDIENTS MARKET SIZE, 2021-2028 ($ MILLION)
