The report “Infant Formula Ingredients Market by Ingredient Type (Carbohydrates, Oils & Fats, Proteins, Vitamins, Minerals, Prebiotics), Application (Growing-up Milk, Standard Infant Formula, Follow-on Formula, Specialty), Form, Source, Region-Global Forecast to 2025″, is estimated USD 16.7 billion in 2019 and is projected to reach USD 25.5 billion by 2025, driven by its increasing demand from the developing Asia Pacific region. Urbanization has enabled mothers in this region to join workforce post giving birth, creating demand for infant formula and thus driving the demand for infant formula ingredients. Additionally, some mothers unable to lactate; in such cases, infant formula is the most suited alternative available in the market. Several key food companies offer infant formula. Of these, Nestlé S.A. (Switzerland) stands among the most renowned. Apart from this, infant formula ingredients companies are involved in R&D, to come up with suitable ingredients as per the requirements of consumers.
By source, the cow milk segment is projected to dominate the market during the forecast period.
Cow milk-based ingredients find widescale usage across Europe and North America regions owing to its acceptance as a cost-effective manufacturing process, and cow milk-based ingredients are available in bulk. Apart from this, most of the infant formula manufacturers use cow-based ingredients, including Nestlé S.A. (Switzerland), Abbott Laboratories (US), and Mead Johnson & Company, LLC (US).
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By form, the powder segment is projected to dominate the market during the forecast period.
Infant formula ingredients are commonly used in the powdered form, owing to its ease of handling compared to liquid infant formula ingredients. Several types of infant formula ingredients such as carbohydrates, proteins, some fats, and prebiotics are commonly used in powdered form by infant formula manufacturers. Thus, high growth prospects lie ahead for powder infant formula manufacturers in the coming years, especially from the emerging countries.
Extensive R & D by companies operating in the infant formula market
Manufacturers involved in the infant formula ingredients market are consistently engaged in R&D to develop ingredients as per consumer’s expectations. In 2019, Nestlé (Switzerland), opened a new R&D center in Ireland. The company made an investment of USD 30.0 million for the same. The center will focus on developing products for infant nutrition. Arla Foods amba (Denmark), made an investment of USD 0.66 million for a project focusing on infant formula. The project investigated whether a diet with bioactive milk ingredients protects against gut inflammation which is of enormous relevance to improve infant formula. BASF (Germany) and GlycoSyn (US) formed a partnership with a focus on the area of infant nutrition. It involved the development and commercialization of human milk oligosaccharides (HMOs). In 2019, BASF launched its first HMO, PREBILAC 2’-FL for the infant nutrition market. Thus, the market is highly competitive, with a large number of key players involved. Most of these players are expanding their base in the market owing to its increased demand from various countries.
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Asia Pacific is projected to be the fastest-growing during the forecast period.
Asia Pacific infant formula ingredients market is projected to be the fastest-growing during the forecast period. Countries such as China, Japan, and South Korea are expected to be key revenue generators during the next few years. The region has seen a rapid transformation in terms of urbanization. This has enabled women to join workforce post-delivery, making infant formula the only nearest substitute to breast milk for infants. Apart from this, China remains a key market for infant formula ingredient manufacturers as the country has one of the highest numbers of births at the global level. The country relies on imported infant formulas from European countries.
This report includes a study of marketing and development strategies along with the product portfolios of leading companies in the sodium hypophosphite market. It consists of the profiles of leading companies such as AAK AB (Sweden), Fonterra Co-operative Group Limited (New Zealand), Carbery Food Ingredients Limited (Ireland), Royal Friesland Campina N.V. (Netherlands), Sachsenmilch Leppersdorf GmbH (Germany), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Arla Foods amba (Denmark), Chr. Hansen Holdings A/S (Denmark), Kerry Group plc (Ireland), Lactalis Ingredients (France), Glanbia plc (Ireland), and Vitablend Nederland B.V. (Netherlands).
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