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Global Infant Formula Ingredients Market Outlook 2028

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  • August 2020
  • Region: Global
  • Research Nester Pvt. Ltd
  • ID: 5136544
Ongoing Research Report

In the News
March 2020: Conagen, Inc. an established biotech firm based in the greater biotech corridor in Boston, released a statement announcing that it has discovered and created a sustainable proprietary lactoferrin protein that represents the nutrient composition of breast milk lactoferrin. The first-of-its-kind natural lactoferrin protein is developed via a commercial-scale fermentation process.

Introduction to Infant Formula Ingredients

Infant formula ingredients are referred to the ingredients that are used to manufacture foods for infants beginning from birth to 12 months of age. Infant foods are widely accepted as a nutritious and healthy baby food alternative. Most of the infant food products available to the consumers are focused on cow's milk. Typically, infant formulations contain functional components, long-chain polyunsaturated fatty acids, prebiotics, nucleotides, and probiotics as the key ingredients. Producers in the market for infant formula ingredients are changing the lactose content, probiotics amount, rice starch, and hydrolyzed proteins to diversify their product description. The infant formula consists of pure cow's milk as a source of protein, blend of vegetable oils as a fat source, vitamin-mineral mixture, lactose as a source of carbohydrate, and other ingredients depending on the manufacturing processes.

Market Size and Forecast

The infant formula ingredients market is thriving on the back of the growing demand for packaged infant food products backed by the increasing middle-class population and the upsurge in the number of working women which is further raising the prevalence of natural feeding for infants. In the last few years, the incidence of malnutrition or nutritionally deficient babies has increased. Infant formula ingredients have captured the attention of various people across the globe. Additionally, a substantial population base, rapid urban growth, and high birth rate would fuel business growth. The global infant formula ingredient market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by ingredient type into carbohydrates, oils & fats, proteins, vitamins & minerals, prebiotics, and others. In this segment protein and carbohydrates segment are expected to have the largest market share. The growth of the segments can be attributed to the fact that these are the basic macronutrients required to meet the infants' basic metabolic and intestinal needs. However, based on the form, the infant formula ingredient market has been divided into liquid, powder, and semi-liquid. The powder segment is attributed to have the largest market share owing to the fact that infant formula components are usually found in powdered form, and is easy to process as compared to ingredients in liquid infant formula. Most forms of infant formula ingredients, such as carbohydrates, proteins, certain fats, and prebiotics are widely used by infant formula manufacturers, to produce in powdered form.

Growth Drivers

Escalation In The Number Of Women Joining Workforce Subsequently After Childbirth And Growing Infant Population.

There is a significant increase in the number of women joining the workforce after becoming mother owing to the increased preference towards supporting their family and keeping their household economy on track. According to the U.S. Bureau of Labor Statistics, in the United States, 61.9% of all mothers with children under the age of three were in the labor force in 2018. Such a factor has put a strain on mothers, to ensure the care of their infants and the acceptance of the infant formula ingredients by mothers has increased, which has further raised the necessity to provide essential nutrition and supplements for their babies. Moreover, as the population is growing there is a shift in paradigm for the infant foods so as to provide them with basic macro and micronutrients which is anticipated to drive the growth of the infant formula ingredients market.

By Region

Based on regional analysis, the global infant formula ingredients market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The market in Asia Pacific, followed by Europe, holds a significant share of the world infant formula ingredients market, owing to the rising urbanization and increasing demand for easy food that is expected to fuel the market for various formulas in the Asia Pacific region. The Asia Pacific is dominated by the Chinese industry, being one of the region's biggest buyers of infant formula ingredients. In addition, manufacturers are shifting their manufacturing base from developed nations to countries in the Asia Pacific region, especially in Japan and Australia, due to low manufacturing costs coupled with abundant raw material availability is predicted to spice up the business in the Asia Pacific region.

The global infant formula ingredients market is further classified based on region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Please note this is an ongoing research and will be delivered 8-9 working days after order confirmation. The TOC can be also be requested.

Companies Mentioned

  • Fonterra Co-operative Group Limited
  • Arla Foods amba
  • Carbery Food Ingredients Limited
  • Chr. Hansen Holding A/S
  • LACTALIS Ingredients
  • Sachsenmilch Leppersdorf GmbH.
  • Royal Friesland Campina N.V
  • Glanbia plc
  • Conagen Inc.
  • Other Notable Players

Please note the number of players as well as the addition/deletion can be done in the final deliverable as per the feasibility