Infant Formula Ingredients Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Infant Milk Formula, Follow-on Milk, Others), By Distribution Channel (Hypermarket & Supermarket, Pharmacy & Drug Store, Medical Store, Speciality Store, Others), And By Geography - Forecasts From 2023 To 2028

The Infant formula ingredients market is projected to grow at a CAGR of 9.23% during the forecast period to reach US$13.931 billion by 2028, from US$7.509 billion in 2021. 

In the baby food market, nutritional composition plays an imperative role, and the infant formula ingredients market is expected to grow significantly because infant formula caters to the dietary requirements of infants. These formula ingredients, moreover, act like a substitute for human breast milk as they substitute the same number of additional components present in breast milk. Ingredients that are used in infant formulas, such as proteins, carbohydrates, vitamins, minerals, and even prebiotics, are available in powder animal liquid forms. Industrially modified cow milk includes various plant-based sources, such as soy, which are a few ingredients present in infant formulas.

Infant Formula Ingredient Market Driver

• Efficient developmental activities coupled with constant market research are driving market growth.

Various companies present in the infant formula market are taking initiatives for extensive research and developments in infant formula ingredients. This extensive Research and developmental activities are effective in creating market products according to the consumer’s needs, which will drive the market growth in the forecast period. There are manufacturers involved in the infant formula ingredients market who are also consistently engaged in R&D in order to develop ingredients that could be suitable per consumer expectations. For instance, a new research and development centre was opened by Nestle in Ireland in 2019. As a result of these efficient research and development activities, Nestle further made an investment of USD 30 million for the same. Infant nutrition will be the aim of this research center.

Infant Formula Ingredient Market - Geographical Insights

• The APAC region is expected to hold significant market share

The Asia Pacific region, owing to countries with large population shares, is anticipated to grow significantly during the forecast period. In this regard, China is one of the largest consumers of the infant ingredients formula market.

Moreover, China is expected to witness a growth in the number of infants, which will drive the market as the government of China, over China’s one-child policy, is shifting towards a positive side by allowing couples to have two children. Additionally, the significant importer of international infant products from New Zealand and Australia is China. Fonterra Cooperative Group is a Chinese company that is further increasing its production of ingredients and coming up with efficient strategies which could be essential in its portfolio expansion out of its geographical reach. Thus, this is another factor that will drive the infant formula ingredients market growth in this region.

Infant Formula Ingredient Market Developments:

• In January 2019, Arla Food Ingredients launched a comfort-optimized concept for infant formula, which contains alpha-lactalbumin, which is regarded as a protein in human milk. Lacprodan ALPA-10, which is a high-protein concentrate having a minimum level of 41% alpha-lactalbumin, is incorporated in the company’s low-protein formula.
• In July 2018, BASF company joined a list of suppliers who are moving forward with the launch of the human milk oligosaccharide (HMO). There are other companies in this list of suppliers, such as DuPont, Jennewein, and even Friesland Campina DOMO.

Infant Formula Ingredient Market is segmented and analyzed as follows:

• By Type
  • Infant Milk Formula
  • Follow-on Milk
  • Others
• By Distribution Channel
  • Hypermarket & Supermarket
  • Pharmacy & Drug Store
  • Medical Store
  • Speciality Store
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others

---

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

 

2. RESEARCH METHODOLOGY

2.1. Research Data

2.2. Sources

2.3. Research Design

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

 

5. INFANT FORMULA INGREDIENTS MARKET BY TYPE

5.1. Introduction

5.2. Infant Milk Formula

5.3. Follow-on Milk

5.4. Others

 

6. INFANT FORMULA INGREDIENTS MARKET BY DISTRIBUTION CHANNEL

6.1. Introduction

6.2. Hypermarket & Supermarket

6.3. Pharmacy & Drug Store

6.4. Medical Store

6.5. Speciality Store

6.6. Others

 

7. INFANT FORMULA INGREDIENTS MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. South Korea

7.6.4. India

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Others

 

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

 

9. COMPANY PROFILES

9.1. BASF SE

9.2. Royal FrieslandCampina N.V.

9.3. SACHSENMILCH LEPPERSDORF GMBH

9.4. Vitablend Nederland BV

9.5. Carbery Food Ingredients Limited

9.6. Chr. Hansen Holding A/S

9.7. Fonterra Co-operative Group Limited

9.8. Koninklijke DSM N.V.

9.9. AAK

9.10. Arla Foods amba

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