According to the latest report by Reports and Data, the infant formula ingredients market had a size of USD 17.76 Billion in 2021 and is projected to achieve a revenue CAGR of 7% during the forecast period. The market is being propelled by the increasing global population, which has resulted in a higher demand for prebiotics and specific milk protein fractions in infant formula products.
Infant formula products are primarily used for babies aged from birth to 12 months and are generally considered safe. The majority of these products contain cow's milk as a key ingredient. To expand their product portfolios, manufacturers are incorporating higher proportions of probiotics, rice starch, lactose content, and hydrolyzed proteins into their infant formula ingredients. The medical profession conducts thorough research on these baby food ingredients, contributing to the development of formulations that support healthy growth and provide adequate nutritional content for infants. These factors are driving the market for new infant formula products.
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Top Companies Operating in the Global Infant Formula Ingredients Market Report:
Vitablend Nederland B.V., Arla Foods Amba, Fonterra Co-Operative Group Limited, Aarhuskarlshamn AB, Carbery Food Ingredients Limited, Sachsenmilch, Leppersdorf GmbH, Royal Frieslandcampina N.V., Koninklijke DSM N.V., BASF SE, Hansen Holding A/S.
Some Key Highlights from the Report
- As the first food that an infant consumes, cow’s milk is one of the primary foods he or she consumes. According to the American Academy of Paediatrics (AAP), babies under the age of one shouldn’t be given unmodified, raw, or unpasteurized bovine’s milk to replace human milk or infant formula. A bovine milk-based formula is enhanced with added vitamins, minerals, vegetable oils, and calcium for most full-term babies, while soy-based formulas are expected to surpass the bovine milk formula in the near future.
- There is a significant growth potential for probiotics over the forecast period, as research shows that breastfed newborns carry oligosaccharides that are more uniform and stable than formula-fed newborns. A major strategy for reducing diarrhoea incidence and severity in infants is to include probiotics in formula. As a primary source of energy for growing neonates, human milk contains fats or lipids. In addition to reducing the gap in cognitive development between infants fed formula and breastfed infants, milk fat globule membrane supplementation of formula is gaining traction as a result of milk fat globule membrane supplementation of formula.
- According to the World Bank, growth in the growing-up formula is also driven by increasing proportions of women working outside the home. Growing-up formulas dominated the infant formula ingredients market in 2019. In the 60 markets surveyed, women in the workforce increased by over 4% points. In an era when many working mothers return to the workplace shortly after giving birth, prepared baby formulas provide an alluring alternative that satisfies the desire of working mothers for healthy, nutritious meals while accommodating their convenience needs.
- In North America, high healthcare expenses, together with increasing awareness levels and disposable income, are driving the development of markets for infant formula ingredients. The general perception that such products are more nutritious, healthy, and safe for their infants, as compared with conventional products, makes consumers in developed countries such as the U.S. and Canada willing to pay superior amounts for such products.
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The global Infant Formula Ingredients market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Carbohydrates
- Proteins
- Vitamins
- Fats Oils
- Prebiotics
- Minerals
- Others (Probiotics, Nucleotides, and Emulsifiers)
Source Outlook (Revenue, USD Billion; 2019-2030)
- Cow Milk
- Protein hydrolysates
- Soy
- Others (Goat milk and camel milk)
Application Outlook (Revenue, USD Billion; 2019-2030)
- Growing-Up Milk (Infants over 12 months)
- Follow-On Formula (6–12 month-old infants)
- Standard Infant Formula (0–6-month-old infants)
- Specialty Formula
Form Outlook (Revenue, USD Billion; 2019-2030)
- Powder
- Liquid semi-liquid
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