January 18, 2021
According to a recent study titled ‘Global Infant Formula Ingredients Market Analysis, 2020’, available with Market Study Report, global infant formula ingredients market size is projected to expand at a yearly growth rate of 8.1% over 2020-2025.
According to the report findings, increasing urbanization, and growing working women population are augmenting global infant formula ingredients market growth. Moreover, rise in number of females resuming work post-childbirth is adding considerable momentum to the industry expansion. Additionally, lactation failure in mothers due to changing lifestyles and eating habits has bolstered the demand for infant formula ingredients across the globe.
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Based on ingredient type, global infant formula ingredients market is fragmented into carbohydrates, protein, oil & fats, vitamin, prebiotics, minerals, and others (probiotics, nucleotides, emulsifier). Of these, probiotic segment held majority industry share in the recent past due to health benefits such as reduced risk of obesity and enhanced immunity.
In terms of source, the industry is categorized into cow milk, protein hydrolysates, protein, and others (goat milk, camel milk). Among these, cow milk led the industry growth in 2019 and is likely to show strong growth through 2025
By form, the overall infant formula ingredients industry is split into powder, and liquid and semi-liquid. The powder segment is showcasing a positive growth trend on account of advantages such as easy handling and extended shelf life.
Considering the geographical scope, North America, South America, Asia Pacific, Europe, and Middle East & Africa are the key contributors to global infant formula ingredients market remuneration. Industry experts claim that North America and Asia Pacific together captured over half of the industyr share largely due to rapid urbanization in nations like India, Japan, and China, and robust development of retailers in U.S., Canada, China, and India.
Speaking of the competitive landscape, new product launches are intensifying the competition in global infant formula ingredients market. Some of the top contenders in the industry are Kerry Group plc, Arla Foods amba, Chr. Hansen Holdings A/S, Koninklijke DSM N.V., Sachsenmilch Leppersdorf GmbH, BASF SE, Royal FrieslandCampina N.V., Fonterra Co-operative Group Ltd., Carbery Food Ingredients Ltd., and AAK AB.