Global Infant Formula Ingredients Market 2019-2025: Focus on Growing-up Milk, Standard Infant Formula, Follow-on Formula, Specialty - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 14, 2019--
The “Infant Formula Ingredients Market by Ingredient Type (Carbohydrates, Oils & Fats, Proteins, Vitamins, Minerals, Prebiotics), Application (Growing-up Milk, Standard Infant Formula, Follow-on Formula, Specialty), Form, Source, Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global infant formula ingredients market is estimated to be valued at USD 16.7 billion in 2019 and is projected to reach USD 25.5 billion by 2025, at a CAGR of 7.3% during the forecast period.
In Asia Pacific, China holds high growth prospects in the years to come. The country has one of the highest number of births at a global level. Also, parents of babies rely heavily on imported infant formula in the country. The inability of mothers to lactate, rise in the number of women joining the workforce after childbirth, and growth in the number of companies taking an interest in producing ingredients similar to human milk are some of the factors contributing to the increased demand of infant formula ingredients in the coming years at a global level.
The oils & fats segment in infant formula ingredients market is estimated to account for the largest share in 2019
Based on ingredient type, the oils & fats segment is estimated to account for the largest share in the infant formula ingredients market in 2019. Oils & fats are one of the key ingredients required for the growth of infants as they meet the need for high energy and also help in a wide range of metabolic and physiological functions critical to the development, growth, and health of infants. A mixture of vegetable oils is the most widely used fat source in infant formulas.
The cow milk segment in the infant formula ingredients market is estimated to account for the largest share in 2019
Based on the source, the cow milk segment is estimated to account for the largest share in the infant formula ingredients in 2019. Cow milk-based ingredients are used widely across Europe and North America. Apart from this, most of the infant formula manufacturers use cow-based ingredients, including Nestl S.A. (Switzerland), Abbott Laboratories (US), and Mead Johnson & Company, LLC (US). Factors contributing to its widespread acceptance include the cost-effective manufacturing process, and cow milk-based ingredients are available in bulk.
The growing-up milk (12 months & above) segment in the infant formula ingredients market is estimated to account for the largest share in 2019
Loaded with calcium, vitamin D, and iron, growing-up milk serves as a part of a balanced diet for infants in the age group of 12 months & above. Urge for additional nutrition options has enabled parents to opt for growing-up milk, and the demand looks lucrative in the coming years, in the Asia Pacific region to be specific. The Chinese market leads the way as the country has the largest number of childbirths at a global level.
The powder segment in the infant formula ingredients market is estimated to account for the largest share in 2019
Infant formula ingredients are commonly used in the powdered form, owing to its ease of handling compared to liquid infant formula ingredients. Several types of ingredients such as carbohydrates, proteins, some fats, and prebiotics are commonly used in powdered form by infant formula manufacturers. Thus, high growth prospects lie ahead for powder infant formula manufacturers in the coming years, especially from the emerging countries.
The Asia Pacific infant formula ingredients market is projected to witness significant growth
Asia Pacific infant formula ingredients market is projected to account for the largest share by 2025. Countries such as China, India, Japan, and South Korea are expected to be key revenue generators. China ranks among the largest markets for infant formula ingredients in the coming years. In Japan, liquid infant formulas are popular. These countries have seen a rise in the number of women joining workforce post-delivery, owing to urbanization, expanding the sales of infant formula and thus infant formula ingredients.
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SOURCE: Research and Markets
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PUB: 10/14/2019 07:36 AM/DISC: 10/14/2019 07:36 AM