(Entertainment-NewsWire.com, August 22, 2019 ) The Infant Formula ingredients Market is projected to reach USD 23.79 Billion by 2022, at a CAGR of 9.4% from 2017 to 2022. The market is driven by factors such as the increase in the number of working women, the inability of mothers to lactate sufficiently, and preference for convenience feeding.
Browse 106 Market Data Tables and 42 Figures spread through 157 Pages and in-depth TOC on "Infant Formula Ingredients- Global Forecast to 2022"
Prebiotics is projected to be the fastest-growing segment of the infant formula ingredients market, by type, during the forecast period:
Prebiotic ingredients have been proven excellent for infant nutrition, and this is the major factor driving the demand for prebiotics in the infant formula ingredients market. Human milk naturally contains 8% of prebiotics in the form of oligosaccharides. The use of prebiotic ingredients in infant nutrition helps infants overcome infections by building immunity, resisting gastrointestinal problems, supporting increased mineral absorption, and lowering the tendency to become obese.
The powdered form accounted for a larger market share in the infant formula ingredients market in 2016:
Infant formula ingredients in powdered form are most commonly used by manufacturers as it is easier to use when compared to liquid & semi-liquid forms; therefore, powdered infant formula ingredients accounted for a larger market share in 2016. Moreover, manufacturers who adopt “dry blending” for making infant formula prefer to use powdered infant formula ingredients, as they provide easy handling and distribution of ingredients by dry blending.
Significant growth for infant formula ingredients is observed in the Asia-Pacific region:
Rapid urbanization and increasing demand for convenience food are expected to drive the market for different formula due to which the infant formula ingredients market is projected to grow substantially. The region is dominated by the Chinese market as it is one of the largest consumers of infant formulas in the region. Other countries such as New Zealand benefit from trade with China as it is one of the major exporters of infant formula ingredients and formulas to the country. On the other hand, high demand for infant formulas has resulted in global manufacturers such as Fonterra Co-operative Group (New Zealand) increase their production of ingredients as well as expand their geographic reach in the Chinese market.
The infant formula ingredients market is characterized by medium to high competition due to the presence of a number of large- and small-scale firms with low product differentiation. New product launches, partnerships, and expansions are the key strategies adopted by these players to ensure their growth in the market. The market is dominated by players such as AAK AB (Sweden), Fonterra Co-operative Group Limited (New Zealand), Carbery Food Ingredients Limited (Ireland), Royal FrieslandCampina N.V. (Netherlands), Sachsenmilch Leppersdorf GmbH (Germany), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Arla Foods amba (Denmark), Chr. Hansen Holdings A/S (Denmark), Kerry Group plc (Ireland), Lactalis Ingredients (France), Glanbia plc (Ireland), and Vitablend Nederland B.V. (Netherlands).
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