The infant formula ingredients market is anticipated to grow at a CAGR of 8.1% during the forecast period. Infant formula is the additional feeds given to the new-born baby (generally up to the age of 1 year) in order to fulfill their nutritional requirements. Infant formulas are prescribed by the pediatrician according to the individual child’s requirement. There are various reasons due to which a child may need infant formula which include issues with lactation and latching to mother, concern of mother about taking medications while breastfeeding, unsupportive work policies & lack of parental leave and cultural norms & lack of family support. The increasing population of full-time working mothers is expected to majorly fuel the growth of the infant formula ingredients market during the forecast period. For instance, as per the US the Centers for Disease Control and Prevention’s 2018-2019 survey, only around 58.3% of the infant are breastfed to their sixth month in the US.
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Moreover, the increasing awareness in developing economies regarding the importance of adequate nutrition for the healthy growth of infants is expected to increase the adoption of infant formula. 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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Infant Formula Ingredients Market by Source
- Cow Milk
- Soy
- Others
Global Infant Formula Ingredients Market by Application
- Growing-up Milk
- Standard Infant Formula
- Follow-on Formula
- Specialty Formula
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AAK AB
- Abbott Laboratories
- AGRANABeteiligungs-AG
- Arla Foods amba
- Barentz International BV
- BASF SE
- Campbell Soup Co.
- Carbery Group Ltd.
- Hansen Holding A/S
- DANA DAIRY GROUP
- Danone S.A.
- Fonterra Co-operative Group Ltd.
- Geo-Poland sp. z o.o.
- Glanbia plc
- Ingredion Inc.
- Kerry Group PLC
- Lactalis Ingredients
- Nestle SA
- Perrigo Company plc
- Royal FrieslandCampina N.V.
- The Honest Company, Inc.
- Unternehmensgruppe Theo Muller S.a.r.l.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- 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.
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