Infant Formula Ingredients Market: Growing Population Of Working Women Driving The Need For Advanced Infant Formula & Food Products
The global infant formula ingredients market is expected to witness significant growth over the forecast period. Major factors including a growing number of middle-class families, resulting from economic and population growth that can afford infant milk formula ingredients, the inability of mothers to lactate owing to the increase in the number of females joining workforce post giving birth, and mothers looking for nutrition for their babies.
Infant formulations are formulated to contain protein, carbohydrates, and fat ingredients, which are necessary to provide the macronutrients and energy needed by the infant. Furthermore, milk protein and isolate infant formulations are consumed by the majority of infants. The product is available in a powdered, liquid concentrate, and liquid ready-to-feed forms. Various cow milk-derived products include nonfat milk, casein, combinations of casein, and whey proteins.
The infant formula segment is expected to witness high demand over the forecast period on account of several government initiatives and programs in Canada in the dairy ingredients space that are expected to contribute to the demand for infant formula ingredients in the foreseeable future. For instance, the Premium Milk Innovation Program in Canada is currently fostering strategies concerning the production, processing, and development of dairy ingredients.
Infant formula ingredients are usually hard to digest as these ingredients comprise of casein protein, which is hard for newborn babies to digest as they may lead to specific health problems. In addition to this, these ingredients make a common formula that may not be proper for babies since infants don’t require every nutrient mixed in the formula. Such factors are hindering the growth of the industry.
High infant mortality rate and increasing R&D to develop a nutritional formula for infants who cannot be breastfed have resulted in increasing demand for the product over the past few years. The trend is expected to continue over the forecast period because of the approval of regulatory bodies for the use of 2’-FL in infant formulas in both the U.S. and Europe markets.
Based on ingredients, the infant formula ingredient market is segmented into Oils & Fats, Carbohydrates, Proteins, Prebiotics Vitamins, and Minerals. The prebiotics segment is anticipated to witness substantial demand on account of the various perceived health benefits. Supporting increased mineral absorption, building immunity, lowering the tendency to become obese, and resisting gastrointestinal problems are some of the health benefits associated with these ingredients.
The usage of these ingredients in infant formula nutrition benefits newborn babies to overcome infections. Prebiotic ingredients used in infant formula include galactooligosaccharides, fructooligosaccharides, polydextrose, inulin, and lactulose. Boost in sales for infant formulas in the years to come will directly increase demand for infant formula ingredients.
Based on the source, the industry is segmented into cow milk, soy, protein hydrolysates, and others. The protein hydrolysate segment is anticipated to witness the fastest growth over the forecast period. The use of the product in infant formula to enhance the absorption of amino acids and gain optimum nutrient value of protein hydrolysate is expected to have a positive impact on the market growth.
Based on the application, the infant formula ingredient market is segmented into Standard Infant Formula, Growing-up Milk, Specialty Formula, and Follow-on Formula. The growing-up formula segment is expected to exhibit the fastest growth over the forecast period. The said application includes vitamin D, iron, and calcium, growing-up milk application functions as a part of a balanced diet for babies of 12 months & above age group. During the transition phase from infant nutrition to family food, producers providing infant formula for this specific age group are anticipated to witness high growth prospects.
Based on the region, Asia Pacific is projected to witness significant demand over the forecast period. China, Vietnam, and Indonesia are the key markets for infant formula ingredients in the Asia Pacific region on account of crucial revenue generators over the past few years. The region has seen a fast transformation in terms of urbanization. This has aided women to join the workforce post-delivery, making infant formula the only nearest alternative to breast milk for babies.
The major players in the infant formula ingredients market are Fonterra Co-operative Group Limited, AAK AB, Royal Friesland Campina N.V., Carbery Food Ingredients Limited, Glanbia plc, BASF SE, Koninklijke DSM N.V., Sachsenmilch Leppersdorf GmbH, Chr. Hansen Holdings A/S, Arla Foods amba, Lactalis Ingredients, Kerry Group plc, and Vitablend Nederland B.V.
In-depth report on global infant formula ingredients market by Grand View Research:
https://www.grandviewresearch.com/industry-analysis/infant-formula-ingredients-market