Fairfield Market Research Infant Formula Ingredients Market Size, Share, Growth,Type 2030

Infant Formula Ingredients Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Food & Beverage


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Preliminary research of Fairfield Market Research indicates a promising growth outlook for global infant formula ingredients market during the course of next few years.

Associated Benefits of Infant Formula to Spur Demand, in Turn Auguring Well for the Infant Formula Ingredients Market

Nutrition and effective absorption are two vital arms when it comes to baby food. Although breastfeeding is the best option for nutrition, it might not be always possible for most women. In addition, owing to rapid growth in urbanization, the number of working mothers has also increased considerably. This often has an impact on their daily lives in terms of stress, diet intake and overall wellness. This has resulted in the development alternatives to breast milk that can be fed to infants. In this backdrop, companies are striving to mimic the composition of breast milk by offering improved infant formula ingredients. Also, being regulated by the US FDA, companies are abiding by the standards that the authority has put forth, thus increasing the credibility of their product. Furthermore, benefits such as high in nutrition profile, helping in reducing the probability of diarrhoea owing to the presence of prebiotic bacteria, convenience and flexibility remain instrumental driving the infant formula ingredients market.

Plant-based Formula Category to Open New Avenues for the Infant Formula Ingredients Market

Infant formula has been gaining widespread traction since past several years on the back of perceived benefits apropos to baby nutrition. This has also triggered the development of innovative plant based formulas. Moreover, the growing veganism trend has penetrated the infant formula space as individuals demand for natural plant based products for their babies. They are opting for these alternatives thus creating new avenues for manufactures of infant formula ingredients. For instance, soy based ingredients in infant formulas are gaining popularity backed by their high protein content and are used in non-dairy products thereby offering an apt alternative to babies who are lactose tolerant. Likewise, companies are using buckwheat and almonds in infant formulas for infants that develop or have soy allergies. This shows an evolving trend which is expected to influence the growth of the infant formula ingredients market. In addition, lentils are also being used owing to their high amino acid profile and protein content. In this backdrop, plant based formulas for babies are likely to provide high growth prospects for the infant formula ingredients market in the forthcoming years.

Asia Pacific Likely to Prevail as a Major Revenue Pocket for Participants in Infant Formula Ingredients Market

The sales of infant formula ingredients are expected to surge across emerging economies in the Asia Pacific region in the forthcoming years. This can be attributed towards presence of necessary ancillaries to develop infant formula. For instance, China, and India are one of the major producers of milk in Asia. According to Food and Agriculture Organization of the United Nations (FAO), the production of milk in Asia increased by 2.6% year-on-year to reach 379 million tons in 2020, primarily driven by countries such as China, India, and Pakistan. In India, the milk production touched 195 million in the same year, up 2% as compared to 2019. In 2020-2021, the statistics of milk output in the country increased to around 10 million tons. Furthermore, the rising birth rate in countries such as India, and China is fuelling the need for infant formula, in turn contributing towards the growth of the infant formula ingredients market in the Asia Pacific region. For instance, according to the United Nations, India is expected to overtake China by 2023 apropos to population count. Also, every day, approximately, 86,000 babies are born in India whereas birth count per day in China is around 49,000. This is expected to trigger the need for infant formula, consequently aiding the infant formula ingredients market growth.

In addition, decision of Chinese Government to ease on the “one-child” policy owing to increasing aged population is also poised to complement the demand for infant formula and its market in the country. Other factors such as business favouring environment in Asia Pacific coupled with stable economic growth and increasing consumer pool has attracted several companies to tap the huge potential in the region. This has resulted in the region becoming a hotbed for infant formula and companies are establishing their manufacturing plants across Asian countries. This factor continues to influence the growth of the infant formula ingredients market in the region.

Infant Formula Ingredients Market: Competitive Landscape

New product launches have been witnessed in the infant formula ingredients market by key players. For instance, in January 2021, Bunge Loders Croklaan introduced a premium lipid ingredient for baby formula. This innovation takes manufacturers to go close to the actual breast milk standard. In 2022, DANONE introduced Dairy and Plants Blend baby formula that combines the company’s expertise in dairy-based formulas along with high plant nutrition including fats, plant-based protein, and fibres. Same year in May, Arla Foods Ingredients introduced the bovine milk osteopontin infant formula ingredient which has been approved by European Food Safety Authority and considered safe to be used in infant formula and for dairy based ready-to-eat meals for children.

A few of the major players in the global infant formula ingredients market include Dupont, Fonterra, Arla Foods, DSM, Almarai, Saputo Inc., ADM, BASF SE, Kerry Group Plc, Chr. Hansen Holdings, Glanbia Plc, Vitablend Nederland B.V., and Royal Friesland Campina N.V.

Regional Classification of the Global Infant Formula Ingredients Market is Listed Below:

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

 Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Infant Formula Ingredients Market

  • Infant Formula Ingredients Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2019 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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