Global Infant Formula Ingredients Market Report 2019: Insights, Detailed Drivers, Negative Factors, Threats, Company News, Potential Prospects, Application, and Forecast to 2028

The global infant formula ingredients market is estimated to be valued at US$ X Mn in 2019 and is expected to reach a value of US$ X Mn by the end of 2028. The target market is projected to witness considerable growth over the 10-year period. The global infant formula ingredients market has been segmented on the basis of form, source, application, and region.

Audience Analytics: Overview

Infant formula is a nutritional product specially manufactured for infants between 0 to 12 months old. Main ingredients used to prepare infant formula include cows’ milk, lactose, palm oil or palm olein, soy lecithin, Mortierella Alpina Oil (ARA), Schizochytrium Oil (DHA), among other ingredients. Infant formulae consist of cow milk as source of protein, blend of certain vegetable oils, lactose, mixture of vitamins and minerals. Based on the manufacturing processes, the ingredients change accordingly. Infant formula can be categorized based on the ingredients used, such as milk-based, which is prepared from cow’s milk, soy-based – made for lactose-intolerant infants, and special infant formula specifically made for low birth weight infants.

Driving Forces and Hampering Elements

Increasing number of infant with low birth weight issues, coupled with need for extra vitamins, fats, and minerals for healthier infants is a major factor expected to drive growth of the global market.

In addition, increasing number of working mothers with infants of 0 to 12 months old, hectic lifestyles, coupled with rising awareness regarding health-benefits of consumption of infant formula, and rising disposable income levels are some of the major factors estimated to fuel the target market growth. Infant formula ingredients contain high nutritional value which is necessary for infant growth and overall health which they cannot get by milk alone. The usage of infant formulae to feed infants is extremely easy, and time-saving, which aids working mothers to feed infants. The aforementioned factors are anticipated to support growth of the global market in the years to come. Infant formula ingredients are essential for infants suffering from stomach issues as it contains pre-digested proteins, and are available in different flavors, which in turn, is expected to further propel growth of the global market.

However, unfavorable regulations associated with infant formula ingredients, and high cost of infant formulae are some of the major factors that could challenge growth of the target market. In addition, shelf life of the products is low, this coupled with certain product recalls is resulting in low adoption of the infant formula and hampering revenue growth of the market to a certain extent.

Increasing trend of using organic ingredients as per demand by the customers is expected to support market growth to a significant extent, and provide opportunities for players in the global market.

Analysis by Segment

By Form: Among the form segments, the powder form of infant formula ingredients segment is expected to dominate in the global market with major revenue share in 2019, owing to ease of handling even while traveling.

By Source:

Among the segments based on source of the ingredients, the organic segment is projected to witness significant CAGR in the next few years owing to rising demand for organic food products from mothers for their infants.

By Application:

Among the application segments, the growing-up milk (over 12 months) segment is projected to witness a considerable growth rate in the global market.

Regional Analysis

The market in Asia Pacific is expected to register highest growth rate in the global infant formula ingredients market in terms of revenue, owing to increasing demand for the products from countries such as Japan, China, India, Hong Kong, among others, rising awareness regarding health benefits of infant formula ingredients, and improving standard of living in the region. The North America market is expected to account for substantial share in terms of revenue in the target market. This can be attributable to higher number of women engaged in some kind of work from office or from home, and higher spending capacity of individuals in countries in the region. The North America market is expected to be followed by the Europe market.

Global Audience Analytics Market Segmentation:

Segmentation by Form:

• Powder
• Liquid & Semi-Liquid

Segmentation by Source:

• Conventional
• Organic

Segmentation by Application:

• Growing-Up Milk (Over 12 Months)
• Standard Infant Formula (0 to 6 Months Old)
• By Follow-On Formula (6 to 12 Months Old)
• Specialty Formula

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa