The global infant formula ingredients market is anticipated to expand at a compound annual growth rate (CAGR) of 7.2% over the forecasted period, according to data from Future Market Insights. By 2032, it is anticipated that the market will be worth US$ 32.8 billion. Currently, the estimated market value in 2022 is US$ 16.3 billion.
Key Takeaways of Infant Formula Ingredients Market Study
- In terms of the type of ingredient, carbohydrates are currently dominating the global infant formula ingredient in overall value. On the other hand, increasing research on the importance of gut health and immunity drive are driving prebiotic infant formula ingredients to display a faster rate of growth.
- Further, cow milk continues to be a highly preferred source of ingredients for infant formula account for a large portion of all production activity. However, interest in plant based ingredients also supports the adoption of soy based ingredients. In addition, protein hydrolysates are currently in a nascent stage, but is displaying a higher rate of adoption.
- While liquid and semi liquid ingredients in infant formulas are spread across the industry, powder forms have witnessed the fastest growth, and accounts for the largest segment in the industry.
- Most infant formula ingredients are used in the production of growing-up milk products for children over 12 months of age. However, rising trends of personalization to meet the unique needs of individual babies are driving the growth of specialty formulas at a faster pace.
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“Manufacturers are focused on introducing premium infant formula ingredients, as awareness about high-quality infant formula necessary for adequate nutritional needs with all key elements and nutrients is gaining popularity.”, says the FMI analyst.
Product launches and Collaboration Drive Growth
The global infant formula ingredients market is largely fragmented and fosters high levels of competitiveness. Consequently, major players are making use of multi-pronged business strategies involving expansions, new product launches, collaborations, and acquisitions to bolster their presence in the international market.
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Get Valuable Insights into Infant Formula Ingredients Market
Ingredient Type
- Carbohydrates
- Fats & Oils
- Proteins
- Vitamins
- Minerals
- Prebiotics
- Others (Probiotics, Nucleotides, and Emulsifiers)
Source
- Cow Milk
- Soy
- Protein hydrolysates
- Others (Goat milk and camel milk)
Application
- Growing-Up Milk (Infants over 12 months)
- Standard Infant Formula (0-6-month-old infants)
- Follow-On Formula (6-12 month-old infants)
- Specialty Formula
Form
- Powder
- Liquid & semi-liquid
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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Frequently Asked Questions
- How Big is the Infant Formula Ingredients Market?
- At What Rate, Infant Formula Ingredients Market is Expected to Rise?
- What is North America’s share in Infant Formula Ingredients Market?
- At What Rate Will China’s Infant Formula Ingredients Market Grow?
- What is the Demand Outlook Forecast for the Infant Formula Ingredients Market?
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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