Infant Formula Ingredients Market

Infant Formula Ingredients Market Segmentation By Ingredient Type [Carbohydrates (Lactose, Starch and Others), Oils & Fats, Proteins (Milk Proteins, Soy Proteins and Hydrolyzed Milk Proteins), Vitamins & Minerals, Prebiotics, and Others]; By Form (Powder, Liquid and Semi-Liquid); By Source (Cow Milk, Soy Milk, Protein Hydrolysates and Others) and By Application (Growing-up Milk, Standard Infant Formula, Follow-on Formula & Specialty Formula) – Global Demand Analysis & Opportunity Outlook 2028

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Report ID: 2616 | Published On: Feb 01, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

In The News

  • March 2020: Conagen, Inc. an established biotech firm based in the greater biotech corridor in Boston, released a statement announcing that it has discovered and created a sustainable proprietary lactoferrin protein that represents the nutrient composition of breast milk lactoferrin. The first-of-its-kind natural lactoferrin protein is developed via a commercial-scale fermentation process.

Introduction to Infant Formula Ingredients

Infant formula ingredients are referred to the ingredients that are used to manufacture foods for infants beginning from birth to 12 months of age. Infant foods are widely accepted as a nutritious and healthy baby food alternative. Most of the infant food products available to the consumers are focused on cow's milk. Typically, infant formulations contain functional components, long-chain polyunsaturated fatty acids, prebiotics, nucleotides, and probiotics as the key ingredients. Producers in the market for infant formula ingredients are changing the lactose content, probiotics amount, rice starch, and hydrolyzed proteins to diversify their product description. The infant formula consists of pure cow's milk as a source of protein, blend of vegetable oils as a fat source, vitamin-mineral mixture, lactose as a source of carbohydrate, and other ingredients depending on the manufacturing processes.

Market Size and Forecast

The infant formula ingredients market is thriving on the back of the growing demand for packaged infant food products backed by the increasing middle-class population and the upsurge in the number of working women which is further raising the prevalence of natural feeding for infants. In the last few years, the incidence of malnutrition or nutritionally deficient babies has increased. Infant formula ingredients have captured the attention of various people across the globe. Additionally, a substantial population base, rapid urban growth, and high birth rate would fuel business growth. The global infant formula ingredient market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by ingredient type into carbohydrates, oils & fats, proteins, vitamins & minerals, prebiotics, and others. In this segment protein and carbohydrates segment are expected to have the largest market share. The growth of the segments can be attributed to the fact that these are the basic macronutrients required to meet the infants' basic metabolic and intestinal needs. However, based on the form, the infant formula ingredient market has been divided into liquid, powder, and semi-liquid. The powder segment is attributed to have the largest market share owing to the fact that infant formula components are usually found in powdered form, and is easy to process as compared to ingredients in liquid infant formula. Most forms of infant formula ingredients, such as carbohydrates, proteins, certain fats, and prebiotics are widely used by infant formula manufacturers, to produce in powdered form. CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers

Escalation In The Number Of Women Joining Workforce Subsequently After Childbirth And Growing Infant Population.

There is a significant increase in the number of women joining the workforce after becoming mother owing to the increased preference towards supporting their family and keeping their household economy on track. According to the U.S. Bureau of Labor Statistics, in the United States, 61.9% of all mothers with children under the age of three were in the labor force in 2018. Such a factor has put a strain on mothers, to ensure the care of their infants and the acceptance of the infant formula ingredients by mothers has increased, which has further raised the necessity to provide essential nutrition and supplements for their babies. Moreover, as the population is growing there is a shift in paradigm for the infant foods so as to provide them with basic macro and micronutrients which is anticipated to drive the growth of the infant formula ingredients market.

Preference For Convenient Feeding And Awareness About Factors Affecting The Wellbeing Of Infants.

Increasing awareness of factors that affect the health of infants and the importance of micronutrients in fostering and development of infants is triggering market players to launch products with various nutrients. Parents are becoming more skeptical of their buying decisions about baby formula, with growing inquisitive about the use of specific ingredients in such products. Moreover, the convenience it provides over the traditional feeding method is some of the factors that are anticipated to drive the growth of the infant formula ingredients market.

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Presence Of Fierce Competition Between The Local Players And Global Players

Despite the growing market for the infant formula ingredients, the presence of diverse leading players makes the market more competitive. Moreover, the ingredients market for infant formula is dominated by local players taking on new platforms and using multi-channel approaches. Additionally, these outlets also focus on offering convenient payment solutions by integrating various technology to provide their customers with convenience and improve their sales. These are some of the factors anticipated to hamper the growth of the infant formula ingredients market.

Market Segmentation

Our in-depth analysis of the infant formula ingredients market includes the following segments:

By Ingredient Type

  •  Carbohydrates
  • Lactose
  •  Starch
  • Others
  •  Oils & Fats
  •  Proteins
  • Milk Proteins
  •  Soy Proteins
  •  Hydrolyzed Milk Proteins
  • Vitamins & Minerals
  • Prebiotics
  • Others

By Form

  • Powder
  • Liquid
  • Semi-Liquid

By Source

  • Cow Milk
  • Soy Milk
  • Protein Hydrolysates
  • Others

By Application

  • Growing-up Milk
  • Standard Infant Formula
  • Follow-on Formula
  • Specialty Formula

By Region

Based on regional analysis, the global infant formula ingredients market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The market in Asia Pacific, followed by Europe, holds a significant share of the world infant formula ingredients market, owing to the rising urbanization and increasing demand for easy food that is expected to fuel the market for various formulas in the Asia Pacific region. The Asia Pacific is dominated by the Chinese industry, being one of the region's biggest buyers of infant formula ingredients. In addition, manufacturers are shifting their manufacturing base from developed nations to countries in the Asia Pacific region, especially in Japan and Australia, due to low manufacturing costs coupled with abundant raw material availability is predicted to spice up the business in the Asia Pacific region.

The global infant formula ingredients market is further classified based on region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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