Reports Description
According to Custom Market Insights (CMI), The Global Infant Formula Ingredients Market Size was valued at USD 16.7 billion in 2021 and is estimated to reach USD 25.5 billion by the end of 2030 at a CAGR of approximately 7.3% during the forecast period 2022-2030.
Infant formula food is a product that takes care of an infant’s Nutrition during its growing years. It mainly concentrates on providing all the vitamins and minerals and the rare ones in the correct quantities required for the infant’s body at that particular age. Strict rules and regulations have been devised by the government and various other bodies, such as the FSSAI and WHO, which have a separate sets of guidelines regarding these food products for the younger age groups to maintain their health and immunity.
This development has been dealt with with the help of premature infant milk substitutes that are mainly formulated to take care of the lack of nutrients suffered by the body of the infant and does help it to develop well before major pathological changes occur.
The pandemic outbreak could not significantly decline in the market owing to the constant demand for formulated food products for infants. However, the supply chain of the formulated products was hampered to a certain extent because of the strict lockdowns imposed in certain regions of the world to restrict the spread of infection.
The increasing awareness regarding the development of infants has helped the market growth over time. The guardians of the infants have opted for additional foods to avoid the deficiencies caused due to lack of nutritive food products. This disruption in the demand and supply chain in the market had put a negative effect on the overall growth of the industry.
The high cost of these formulated food products will hamper the market’s growth during the forecast period. The lower socioeconomic group is not comfortable purchasing these costly formulated food products. Developing and underdeveloped countries do not show significant growth in the market for these food products.
On the other hand, developed countries show significant growth in the market for formulated foods. Health and wellness are taken into consideration in the long-term use of the formulated food products as they hamper the child’s growth due to preservatives in these products. It makes the infant dependent on such food products, and the affinity toward normal nutritious food is hampered. Also, several pathological changes occur inside the body due to the long-term use of these formulated products.
Growth Factors.
The rapid research and development that the market leaders carry out to boost the market for formulated food products have helped increase revenue. The promises made regarding fulfillment of the Nutrition required by the infant’s body is a potent marketing strategy used by the market players. The early shift to a formulated food product acts as a breast milk substitute in the developing period of the infant. As a result, the fertility rate in the world has been propelled considerably.
According to the developing lifestyle of the people, the dependence on formulated food products has increased about the increased workload of the guardians and busy lifestyles. Rapid urbanization in various nations worldwide has also helped boost the market due to the increasing dependency on substitutes instead of the traditional ways of breastfeeding. The heavy investments made by the market leaders to popularize the formulated food products have also been a great driving factor in increasing the market’s revenue.
The increase in the number of females going to work has increased people’s purchasing power, making them capable of spending more on formula food products and other artificially packed nutritive supplements. The unavailability of a supportive system and a qualified lactation expert has encouraged the guardians to shift to formula food products instead of traditional breastfeeding techniques.
The lack of Nutrition among the infant group has helped the market to show a considerable increase in revenue as it has promised to fulfill this void. These multiple factors, which are supported by the modern attitude of breastfeeding mothers, the uncompromising lifestyle of the working females, the non-cooperative work environment in the companies, promising product quality of the formula food manufacturers, voluntary backup provided by the medical fraternity to the formula food industry, increasing research and development to manufacturing better quality products and the government support will help the formula food products market to increase their sales during the forecast period.
Segmental Insights.
A segment of the Infant Formula Ingredients market based on Type
The formula specially designed for infants has seen tremendous growth in recent years. It has seen a potential value-based sale and helps the market to make a strong foothold. Not many variations are available to the guardians regarding formula foods and products. Milk, a basic food product that can be fed to newborn babies, helps the market to make its place easily.
The presence of micronutrients such as iron, calcium, and other nutrients like carbohydrates and proteins helps to make an easy shift from traditional breastfeeding techniques to formula food products. Thus, the basic nutrient requirement of the infant is met easily without compromising the professional life of the mother.
A lack of Nutrition is provided to the infant during the weaning period, which is fulfilled with the help of formula food products. In recent times, research conducted in various conditions has shown increasing cases of infants with intolerance to lactose. For such conditions, lactose-free formulated food was developed by taking special care regarding the intolerant behavior of the body.
About the lack of nutritious food consumed by pregnant females and the other developmental disorders taking place during pregnancy, the rate of premature births has increased to a great extent. Additionally, the medical fraternity has also played a significant role in boosting the market for formula-based products by making it a compulsory post-delivery protocol to be followed by the lactating mother for the development of the infant.
A segment of the Infant Formula Ingredients market based on the Distribution Channel
The vast availability of formulated food products for infants due to rapid urbanization has helped boost the market availability of formula foods in hypermarkets and supermarkets, and it also increases their sales rapidly. The multiple offers and schemes put up by the superstores to boost the sales of these products help to increase the company’s revenue.
The presence of help who helps the customers to choose these formula food products helps the consumer to gain confidence in experimenting with them for their infants. The other outlets that help boost the market are pharmacies, medical stores, and other small-scale outlets. These small outlets provide the actual business, which is unseen due to their small size, but make great sales as they provide the regular consumers daily.
The presence of a variety of baby products along with their nutritional supplements under one roof helps to boost the market for formula food products to a great, and this will continue to a great extent in the forecast period. The recent developments of innovative products are also proving to be a driving factor for the current market. The rise in the modern lifestyle has led to a growing number of females in the current generation. Additionally, the hectic work culture of the companies forces the guardians to switch to formula food products to fulfill the child’s nutrition requirements without investing much time into their food habits.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | (year from) |
| Projected Market Size in 2030 | USD 25.5 billion |
| CAGR Growth Rate | 7.3% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | BASF SE, Royal FrieslandCampina N.V., SACHSENMILCH LEPPERSDORF GMBH, Vitablend Nederland BV, Carbery Food Ingredients Limited, Chr. Hansen Holding A/S, Fonterra Co-operative Group Limited, Koninklijke DSM N.V., AAK, Arla Foods amba, and Others |
| Key Segment | By Type, Distribution Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Regional Insights
The Asia Pacific region rules to be one of the largest markets for infant formula ingredients market. The developing countries belonging to this region help boost the market because of the number of working females residing there. Countries like China, where the population is increasing, have positively impacted the sales and supply of formulated food products. According to the statistics, the number of lactating females performing breastfeeding for their infants is sub-optimal compared to the normal ranges expected to take place.
A huge number of breastfeeding mothers voluntarily choose formula product foods over the traditional pattern of breastfeeding to adapt to the hectic lifestyle and ensure better health of the infant at the same time. South Africa and the Middle East have also experienced an increase in the demand for formula food products for infants due to the rising female working population. The increase in the number of cases of malnutrition among infants has encouraged the market to produce formula foods for special medical conditions where the required need for Nutrition is fulfilled to develop the health of the infants and lead a normal life.
The increasing health awareness among people has also led to a surge in demand for these formula products. The increasing trend of adopting the western lifestyle and shifting to it has helped strengthen the market in these regions. The rising economy of the developing nations has proved to be a boon for the market, and the market will show tremendous growth during the forecast period.
Key Players
- BASF SE
- Royal FrieslandCampina N.V.
- SACHSENMILCH LEPPERSDORF GMBH
- Vitablend Nederland BV
- Carbery Food Ingredients Limited
- Hansen Holding A/S
- Fonterra Co-operative Group Limited
- Koninklijke DSM N.V.
- AAK
- Arla Foods amba
Recent Developments.
- In January 2019, an optimized comfort concept was introduced for easy digestion of whey protein by infants. This is launched by Arla Foods Ingredients. It is associated with the parent company of Arla Foods amba.
- In August 2019, Karicare Toddlers which is made from pure New Zealand sheep milk a new product. It is produced by Danone Nutricia, which is a brand.
- In February 2020, an organic formula food for toddlers consisting of almonds, tapioca, and buckwheat has been introduced by Else Nutrition. This is a 100 percent plant-based product by the company. The company is a producer and distributor of clean ingredients and nutritional products obtained from plants.
Segments covered in the report
By Type
- Infant milk formula
- Follow-on milk
- Others
By Distribution Channel
- Hypermarkets
- Supermarkets
- Pharmacy
- Medical store
- Specialty store
- Others
By Region
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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