Infant Formula Ingredients Market - Global Forecast to 2025

Table of Content

1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 MARKET SEGMENTATION 21
1.3.1 REGIONS COVERED 21
1.3.2 PERIODIZATION CONSIDERED 22
1.4 CURRENCY CONSIDERED 22
1.5 STAKEHOLDERS 23

2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 25
2.1.1.1 Key Data from Secondary Sources 25
2.1.2 PRIMARY DATA 26
2.1.2.1 Key Data From Primary Sources 26
2.1.2.2 Breakdown of primaries 27
2.2 MARKET SIZE ESTIMATION 27
2.2.1 BOTTOM-UP APPROACH 28
2.2.2 TOP-DOWN APPROACH 28
2.3 DATA TRIANGULATION 29
2.4 ASSUMPTIONS FOR THE STUDY 30
2.5 LIMITATIONS OF THE STUDY 30

3 EXECUTIVE SUMMARY 31

4 PREMIUM INSIGHTS 37
4.1 ATTRACTIVE OPPORTUNITIES IN THE INFANT FORMULA INGREDIENTS MARKET 37
4.2 INFANT FORMULA INGREDIENTS MARKET, BY REGION, 2019 VS. 2025 38
4.3 INFANT FORMULA INGREDIENTS MARKET, BY INGREDIENT, 2019 VS. 2025 38
4.4 INFANT FORMULA INGREDIENTS MARKET, BY SOURCE, 2019 VS. 2025 39
4.5 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET, BY APPLICATION AND COUNTRY, 2018 39
4.6 INFANT FORMULA INGREDIENTS MARKET, BY FORM, 2019 VS. 2025 40
4.7 INFANT FORMULA INGREDIENTS MARKET, BY REGION, 2019 VS. 2025 40
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5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 42
5.2.1 DRIVERS 43
5.2.1.1 Asia Pacific: A key revenue generator in the years to come 43
5.2.1.2 Rise in the infant population 44
5.2.1.3 Extensive R&D by companies operating in the infant formula ingredients market 44
5.2.2 RESTRAINTS 44
5.2.2.1 Strict regulations for infant formulas in China 44
5.2.3 OPPORTUNITIES 45
5.2.3.1 Shift in preference for plant-based infant formula ingredients 45
5.2.3.2 Alternate animal milk sources coming up in the market 45
5.2.4 CHALLENGES 45
5.2.4.1 Cases of contamination found in infant formulas 45
5.3 VALUE CHAIN ANALYSIS 46

6 INFANT FORMULA INGREDIENTS MARKET, BY INGREDIENT 47
6.1 INTRODUCTION 48
6.2 CARBOHYDRATES 50
6.2.1 LACTOSE IS THE PREFERRED CARBOHYDRATE INGREDIENT USED IN INFANT FORMULA 50
6.3 FATS & OILS 51
6.3.1 FATS & OILS ARE ONE OF THE KEY INGREDIENTS REQUIRED FOR THE GROWTH OF INFANTS 51
6.4 PROTEINS 52
6.4.1 WHEY PROTEINS 53
6.4.2 CASEIN PROTEINS 53
6.4.3 PLANT PROTEINS 53
6.5 VITAMINS 55
6.5.1 INFANT FORMULAS ARE FORTIFIED WITH VITAMINS TO MATCH THE VITAMIN CONTENT FOUND IN HUMAN MILK 55
6.6 MINERALS 56
6.6.1 MINERALS ARE USED IN INFANT FORMULAS TO PROVIDE ENHANCED NUTRITION TO INFANTS 56
6.7 PREBIOTICS 57
6.7.1 HUMAN MILK OLIGOSACCHARIDES-BASED PREBIOTIC INGREDIENTS ARE BEING INCREASINGLY USED IN INFANT FORMULA 57
6.8 OTHERS 58
6.8.1 DEMAND FOR INFANT FORMULAS WITH ENHANCED NUTRITIONAL VALUES IS GROWING 58
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7 INFANT FORMULA INGREDIENTS MARKET, BY FORM 59
7.1 INTRODUCTION 60
7.2 POWDER 61
7.2.1 POWDER FORM OF INFANT FORMULA INGREDIENTS ARE THE MOST CONVENIENT TO USE 61
7.3 LIQUID & SEMI-LIQUID 62
7.3.1 LIQUID & SEMI-LIQUID INFANT FORMULA INGREDIENTS ARE USED IN MAKING LIQUID CONCENTRATES AND READY-TO-FEED INFANT FORMULAS 62

8 INFANT FORMULA INGREDIENTS MARKET, BY SOURCE 64
8.1 INTRODUCTION 65
8.2 COW MILK 66
8.2.1 COW MILK-BASED INGREDIENTS ARE WIDELY USED IN THE MANUFACTURING OF INFANT FORMULAS 66
8.3 SOY 67
8.3.1 SOY-BASED INGREDIENTS ARE PREFERRED BY LACTOSE INTOLERANT INFANTS 67
8.4 PROTEIN HYDROLYSATES 68
8.4.1 PROTEIN HYDROLYSATES ARE USED BY BABIES WHO ARE ALLERGIC TO PROTEINS THAT ARE FOUND IN COW-BASED FORMULAS 68
8.5 OTHER SOURCES 69
8.5.1 DEMAND FOR GOAT MILK- AND CAMEL MILK-BASED SOURCES OF INFANT FORMULA INGREDIENTS IS INCREASING 69

9 INFANT FORMULA INGREDIENTS MARKET, BY APPLICATION 71
9.1 INTRODUCTION 72
9.2 GROWING-UP MILK 73
9.2.1 GROWING-UP MILK IS THE MOST COMMONLY USED APPLICATION 73
9.3 STANDARD INFANT FORMULA 75
9.3.1 SUITABLE FOR LOW BIRTH WEIGHT INFANTS AND IN CASES WHERE MOTHER’S MILK CANNOT BE FED 75
9.4 FOLLOW-ON FORMULA 76
9.4.1 FOLLOW-ON FORMULAS HAVE HIGHER CONCENTRATION LEVELS OF PHOSPHORUS AND CALCIUM 76
9.5 SPECIALTY FORMULA 77
9.5.1 SUITED FOR PREMATURE INFANTS AND INFANTS WITH DISORDERS ASSOCIATED WITH AMINO ACID METABOLISM 77

10 INFANT FORMULA INGREDIENTS MARKET, BY REGION 79
10.1 INTRODUCTION 80
10.2 NORTH AMERICA 82
10.2.1 US 88
10.2.1.1 Increased demand from end-user companies such as Nestl? S.A. (Switzerland) and Danone S.A. (France) 88
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10.2.2 CANADA 90
10.2.2.1 Demand for organic infant formulas expected to play a key role 90
10.2.3 MEXICO 91
10.2.3.1 Rise in income levels expected to boost the sales of infant formulas, and ultimately, of infant formula ingredients 91
10.3 ASIA PACIFIC 93
10.3.1 CHINA 99
10.3.1.1 Large number of infant formula ingredient manufacturers are exporting their products to China 99
10.3.2 JAPAN 101
10.3.2.1 Liquid infant formulas are gaining popularity in Japan 101
10.3.3 SOUTH KOREA 102
10.3.3.1 South Korean infant formula ingredients market is dominated by domestic manufacturers 102
10.3.4 AUSTRALIA & NEW ZEALAND 104
10.3.4.1 Infant formula ingredients market in Australia & New Zealand is driven by end-user demand in China 104
10.3.5 VIETNAM 106
10.3.5.1 Human Milk Oligosaccharides-based ingredients are being preferred by infant formula manufacturers 106
10.3.6 INDONESIA 107
10.3.6.1 Multinational companies such as Nestle and Danone are dominating the Indonesian infant formula market 107
10.3.7 REST OF ASIA PACIFIC 109
10.3.7.1 Favorable export market and improving economic condition are expected to drive the infant formula ingredients market 109
10.4 EUROPE 111
10.4.1 UK 117
10.4.1.1 Rise in demand from end-user companies such as Nestl? S.A. (Switzerland) and Danone S.A. (France) 117
10.4.2 GERMANY 118
10.4.2.1 The demand for infant formulas from China is expected to boost the sales of infant formula ingredients in the coming years 118
10.4.3 FRANCE 120
10.4.3.1 Increase in export opportunities in China and other developing and developed countries at a global level 120
10.4.4 NETHERLANDS 122
10.4.4.1 Presence of key players operating in the infant formula ingredients market operating in the country 122
10.4.5 TURKEY 124
10.4.5.1 Rise in demand on the domestic front expected to create lucrative opportunities for infant formula ingredient manufacturers 124
10.4.6 REST OF EUROPE 126
10.4.6.1 Countries in this region are expected to be key revenue generators in the years to come 126
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10.5 REST OF THE WORLD 127
10.5.1 SOUTH AMERICA 131
10.5.1.1 Powdered infant formulas are gaining popularity due to their ease of use 131
10.5.2 MIDDLE EAST & AFRICA 133
10.5.2.1 Huge-growth potential for organic infant formula ingredients in the Middle East 133

11 COMPETITIVE LANDSCAPE 135
11.1 OVERVIEW 135
11.2 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 137
11.2.1 TERMINOLOGY/NOMENCLATURE 137
11.2.1.1 Visionary leaders 137
11.2.1.2 Innovators 137
11.2.1.3 Dynamic differentiators 137
11.2.1.4 Emerging companies 137
11.3 STRENGTH OF PRODUCT PORTFOLIO 139
11.4 BUSINESS STRATEGY EXCELLENCE 140
11.5 RANKING OF KEY PLAYERS, 2018 140
11.6 COMPETITIVE SCENARIO 141
11.6.1 NEW PRODUCT LAUNCHES 142
11.6.2 EXPANSIONS & INVESTMENTS 142
11.6.3 MERGERS & ACQUISITIONS 143
11.6.4 AGREEMENTS, JOINT VENTURES, AND PARTNERSHIPS 143
11.7 COMPETITIVE LEADERSHIP MAPPING (START-UPS/SMES) 144
11.7.1 PROGRESSIVE COMPANIES 144
11.7.2 EMERGING COMPANIES 144
11.7.3 RESPONSIVE COMPANIES 144
11.7.4 DYNAMIC COMPANIES 144
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12 COMPANY PROFILES 146
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.1 ARLA FOODS AMBA 146
12.2 VITABLEND NEDERLAND B.V. 149
12.3 CARBERY FOOD INGREDIENTS LIMITED 151
12.4 FONTERRA CO-OPERATIVE GROUP LIMITED 154
12.5 AARHUSKARLSHAMN AB 157
12.6 ROYAL FRIESLANDCAMPINA N.V. 160
12.7 SACHSENMILCH LEPPERSDORF GMBH 163
12.8 BASF SE 165
12.9 KONINKLIJKE DSM N.V. 168
12.10 CHR. HANSEN HOLDING A/S 171
12.11 GLANBIA PLC 174
12.12 KERRY GROUP PLC 177
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 180
13.1 DISCUSSION GUIDE 180
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 184
13.3 AVAILABLE CUSTOMIZATIONS 186
13.4 RELATED REPORTS 187
13.5 AUTHOR DETAILS 188

List of Figures

FIGURE 1 INFANT FORMULA INGREDIENTS MARKET: RESEARCH DESIGN 24
FIGURE 2 DATA TRIANGULATION METHODOLOGY 29
FIGURE 3 INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT 2019 VS. 2025 (USD MILLION) 33
FIGURE 4 INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2019 VS. 2025 (USD MILLION) 34
FIGURE 5 INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2019 VS. 2025 (USD MILLION) 35
FIGURE 6 INFANT FORMULA INGREDIENTS MARKET SHARE & GROWTH (VALUE), BY REGION 36
FIGURE 7 INFANT FORMULA INGREDIENTS: AN EMERGING MARKET WITH PROMISING GROWTH POTENTIAL 37
FIGURE 8 ASIA PACIFIC IS PROJECTED TO DOMINATE THE INFANT FORMULA INGREDIENTS MARKET FROM 2019 TO 2025 38
FIGURE 9 THE FATS & OILS SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE FROM 2019 TO 2025 38
FIGURE 10 THE COW MILK SEGMENT IS PROJECTED TO ACCOUNT FOR THE LARGEST SHARE FROM 2019 TO 2025 39
FIGURE 11 THE GROWING-UP MILK SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE ASIA PACIFIC INFANT FORMULA INGREDIENTS MARKET IN 2018 39
FIGURE 12 THE POWDER SEGMENT IS ESTIMATED TO DOMINATE THE INFANT FORMULA INGREDIENTS MARKET IN 2019 40
FIGURE 13 CHINA, TURKEY, AND JAPAN ARE PROJECTED TO GROW AT HIGH CAGRS DURING THE FORECAST PERIOD, IN TERMS OF VALUE 40
FIGURE 14 INFANT FORMULA CONSUMPTION, BY REGION, 2015 41
FIGURE 15 INFANT FORMULA INGREDIENTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 42
FIGURE 16 INFANT FORMULA IMPORTS BY CHINA, BY COUNTRY OF ORIGIN, 2016 43
FIGURE 17 VALUE CHAIN ANALYSIS OF INFANT FORMULA INGREDIENTS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING STAGE 46
FIGURE 18 INFANT FORMULA INGREDIENTS MARKET, BY INGREDIENT 2019 VS. 2025 (USD MILLION) 48
FIGURE 19 INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2019 VS. 2025 (USD BILLION) 60
FIGURE 20 INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2019 VS. 2025 (USD MILLION) 65
FIGURE 21 INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2019 VS. 2025 (USD BILLION) 72
FIGURE 22 GEOGRAPHIC SNAPSHOT (2019–2025): RAPIDLY GROWING MARKETS
IN ASIA PACIFIC EMERGING AS THE NEW HOTSPOTS 81
FIGURE 23 ASIA PACIFIC IS PROJECTED TO DOMINATE THE GLOBAL INFANT FORMULA INGREDIENTS MARKET BY 2025 81
FIGURE 24 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SNAPSHOT 83
FIGURE 25 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SNAPSHOT 94
FIGURE 26 EUROPE: INFANT FORMULA INGREDIENTS MARKET SNAPSHOT 112
FIGURE 27 KEY DEVELOPMENTS OF THE LEADING PLAYERS IN THE INFANT
FORMULA INGREDIENTS MARKET, 2014–2019 136
FIGURE 28 INFANT FORMULA INGREDIENTS – LARGE PLAYERS: COMPETITIVE LEADERSHIP MAPPING, 2018 138
FIGURE 29 BASF SE LED THE INFANT FORMULA INGREDIENTS MARKET IN TERMS OF RANK
IN 2018 140
FIGURE 30 MARKET EVALUATION FRAMEWORK, 2017–2019 141
FIGURE 31 INFANT FORMULA INGREDIENTS – START-UPS/SMES: COMPETITIVE LEADERSHIP MAPPING, 2018 145
FIGURE 32 ARLA FOODS AMBA: COMPANY SNAPSHOT 146
FIGURE 33 CARBERY FOOD INGREDIENTS LIMITED: COMPANY SNAPSHOT 151
FIGURE 34 FONTERRA CO-OPERATIVE GROUP LIMITED: COMPANY SNAPSHOT 154
FIGURE 35 AARHUSKARLSHAMN AB: COMPANY SNAPSHOT 157
FIGURE 36 ROYAL FRIESLANDCAMPINA N.V.: COMPANY SNAPSHOT 160
FIGURE 37 BASF SE: COMPANY SNAPSHOT 165
FIGURE 38 KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT 168
FIGURE 39 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT 171
FIGURE 40 GLANBIA PLC: COMPANY SNAPSHOT 174
FIGURE 41 KERRY GROUP PLC: COMPANY SNAPSHOT 177

List of Tables

TABLE 1 US DOLLAR EXCHANGE RATES CONSIDERED, 2015–2018 23
TABLE 2 INFANT FORMULA INGREDIENTS MARKET SNAPSHOT, 2019 VS. 2025 32
TABLE 3 INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT 2017–2025 (USD MILLION) 49
TABLE 4 INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT 2017–2025 (KT) 49
TABLE 5 CARBOHYDRATE CONTENT IN INFANT FORMULA 50
TABLE 6 INFANT FORMULA INGREDIENTS MARKET SIZE FOR CARBOHYDRATES BY REGION, 2017–2025 (USD MILLION) 50
TABLE 7 INFANT FORMULA INGREDIENTS MARKET SIZE FOR CARBOHYDRATES BY REGION, 2017–2025 (KT) 50
TABLE 8 INFANT FORMULA INGREDIENTS MARKET SIZE FOR FATS & OILS BY REGION, 2017–2025 (USD MILLION) 51
TABLE 9 INFANT FORMULA INGREDIENTS MARKET SIZE FOR FATS & OILS BY REGION, 2017–2025 (KT) 52
TABLE 10 INFANT FORMULA INGREDIENTS MARKET SIZE FOR PROTEINS BY REGION, 2017–2025 (USD MILLION) 52
TABLE 11 INFANT FORMULA INGREDIENTS MARKET SIZE FOR PROTEINS BY REGION, 2017–2025 (KT) 53
TABLE 12 INFANT FORMULA INGREDIENTS MARKET SIZE FOR PROTEINS BY SUBTYPE, 2017–2025 (USD MILLION) 54
TABLE 13 INFANT FORMULA INGREDIENTS MARKET SIZE FOR PROTEINS BY SUBTYPE, 2017–2025 (KT) 54
TABLE 14 INFANT FORMULA INGREDIENTS MARKET SIZE FOR VITAMINS BY REGION, 2017–2025 (USD MILLION) 55
TABLE 15 INFANT FORMULA INGREDIENTS MARKET SIZE FOR VITAMINS BY REGION, 2017–2025 (KT) 55
TABLE 16 INFANT FORMULA INGREDIENTS MARKET SIZE FOR MINERALS BY REGION, 2017–2025 (USD MILLION) 56
TABLE 17 INFANT FORMULA INGREDIENTS MARKET SIZE FOR MINERALS BY REGION, 2017–2025 (KT) 56
TABLE 18 INFANT FORMULA INGREDIENTS MARKET SIZE FOR PREBIOTICS BY REGION, 2017–2025 (USD MILLION) 57
TABLE 19 INFANT FORMULA INGREDIENTS MARKET SIZE FOR PREBIOTICS BY REGION, 2017–2025 (KT) 57
TABLE 20 INFANT FORMULA INGREDIENTS MARKET SIZE FOR OTHER TYPES BY REGION, 2017–2025 (USD MILLION) 58
TABLE 21 INFANT FORMULA INGREDIENTS MARKET SIZE FOR OTHER TYPES BY REGION, 2017–2025 (KT) 58
TABLE 22 INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD BILLION) 60
TABLE 23 INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 61
TABLE 24 INFANT FORMULA INGREDIENTS MARKET SIZE FOR THE POWDER FORM BY REGION, 2017–2025 (USD MILLION) 61
TABLE 25 INFANT FORMULA INGREDIENTS MARKET SIZE FOR THE POWDER FORM BY REGION, 2017–2025 (KT) 62
TABLE 26 INFANT FORMULA INGREDIENTS MARKET SIZE FOR THE LIQUID &
SEMI-LIQUID FORM, BY REGION, 2017–2025 (USD MILLION) 63
TABLE 27 INFANT FORMULA INGREDIENTS MARKET SIZE FOR THE LIQUID &
SEMI-LIQUID FORM, BY REGION, 2017–2025 (KT) 63
TABLE 28 INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 65
TABLE 29 INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE, 2017–2025 (KT) 66
TABLE 30 INFANT FORMULA INGREDIENTS MARKET SIZE FOR COW MILK, BY REGION 2017–2025 (USD MILLION) 66
TABLE 31 INFANT FORMULA INGREDIENTS MARKET SIZE FOR COW MILK, BY REGION 2017–2025 (KT) 67
TABLE 32 INFANT FORMULA INGREDIENTS MARKET SIZE FOR SOY, BY REGION 2017–2025 (USD MILLION) 67
TABLE 33 INFANT FORMULA INGREDIENTS MARKET SIZE FOR SOY, BY REGION 2017–2025 (KT) 68
TABLE 34 INFANT FORMULA INGREDIENTS MARKET SIZE FOR PROTEIN HYDROLYSATES BY REGION, 2017–2025 (USD MILLION) 68
TABLE 35 INFANT FORMULA INGREDIENTS MARKET SIZE FOR PROTEIN HYDROLYSATES BY REGION, 2017–2025 (KT) 69
TABLE 36 INFANT FORMULA INGREDIENTS MARKET SIZE FOR OTHER SOURCES, BY REGION, 2017–2025 (USD MILLION) 69
TABLE 37 INFANT FORMULA INGREDIENTS MARKET SIZE FOR OTHER SOURCES, BY REGION, 2017–2025 (KT) 70
TABLE 38 INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD BILLION) 73
TABLE 39 INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 73
TABLE 40 INFANT FORMULA INGREDIENTS MARKET SIZE FOR GROWING-UP MILK BY REGION, 2017–2025 (USD MILLION) 74
TABLE 41 INFANT FORMULA INGREDIENTS MARKET SIZE FOR GROWING-UP MILK BY REGION, 2017–2025 (KT) 74
TABLE 42 INFANT FORMULA INGREDIENTS MARKET SIZE FOR STANDARD INFANT
FORMULA, BY REGION, 2017–2025 (USD MILLION) 75
TABLE 43 INFANT FORMULA INGREDIENTS MARKET SIZE FOR STANDARD INFANT
FORMULA, BY REGION, 2017–2025 (KT) 76
TABLE 44 INFANT FORMULA INGREDIENTS MARKET SIZE FOR FOLLOW-ON FORMULA BY REGION, 2017–2025 (USD MILLION) 76
TABLE 45 INFANT FORMULA INGREDIENTS MARKET SIZE FOR FOLLOW-ON FORMULA BY REGION, 2017–2025 (KT) 77
TABLE 46 INFANT FORMULA INGREDIENTS MARKET SIZE FOR SPECIALTY FORMULA BY REGION, 2017–2025 (USD MILLION) 78
TABLE 47 INFANT FORMULA INGREDIENTS MARKET SIZE FOR SPECIALTY FORMULA BY REGION, 2017–2025 (KT) 78
TABLE 48 INFANT FORMULA INGREDIENTS MARKET SIZE, BY REGION 2017–2025 (USD BILLION) 82
TABLE 49 INFANT FORMULA INGREDIENTS MARKET SIZE, BY REGION, 2017–2025 (KT) 82
TABLE 50 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY COUNTRY, 2017–2025 (USD MILLION) 83
TABLE 51 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY COUNTRY, 2017–2025 (KT) 84
TABLE 52 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT, 2017–2025 (USD MILLION) 84
TABLE 53 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT, 2017–2025 (KT) 85
TABLE 54 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE, 2017–2025 (USD MILLION) 85
TABLE 55 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE, 2017–2025 (KT) 86
TABLE 56 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (USD MILLION) 86
TABLE 57 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 86
TABLE 58 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION) 87
TABLE 59 NORTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 87
TABLE 60 US: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 88
TABLE 61 US: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 88
TABLE 62 US: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 89
TABLE 63 US: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 89
TABLE 64 CANADA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 90
TABLE 65 CANADA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 90
TABLE 66 CANADA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 90
TABLE 67 CANADA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 91
TABLE 68 MEXICO: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 91
TABLE 69 MEXICO: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 92
TABLE 70 MEXICO: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 92
TABLE 71 MEXICO: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 92
TABLE 72 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE BY COUNTRY/REGION, 2017–2025 (USD MILLION) 95
TABLE 73 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE BY COUNTRY/REGION, 2017–2025 (KT) 95
TABLE 74 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT, 2017–2025 (USD MILLION) 96
TABLE 75 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT, 2017–2025 (KT) 96
TABLE 76 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 97
TABLE 77 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 97
TABLE 78 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 97
TABLE 79 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2017–2025 (KT) 98
TABLE 80 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION) 98
TABLE 81 ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 98
TABLE 82 CHINA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 99
TABLE 83 CHINA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 100
TABLE 84 CHINA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 100
TABLE 85 CHINA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 100
TABLE 86 JAPAN: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 101
TABLE 87 JAPAN: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 101
TABLE 88 JAPAN: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 102
TABLE 89 JAPAN: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 102
TABLE 90 SOUTH KOREA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION) 103
TABLE 91 SOUTH KOREA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 103
TABLE 92 SOUTH KOREA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 103
TABLE 93 SOUTH KOREA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 104
TABLE 94 AUSTRALIA & NEW ZEALAND: INFANT FORMULA INGREDIENTS MARKET SIZE BY APPLICATION, 2017–2025 (USD MILLION) 104
TABLE 95 AUSTRALIA & NEW ZEALAND: INFANT FORMULA INGREDIENTS MARKET SIZE BY APPLICATION, 2017–2025 (KT) 105
TABLE 96 AUSTRALIA & NEW ZEALAND: INFANT FORMULA INGREDIENTS MARKET SIZE BY FORM, 2017–2025 (USD MILLION) 105
TABLE 97 AUSTRALIA & NEW ZEALAND: INFANT FORMULA INGREDIENTS MARKET SIZE BY FORM, 2017–2025 (KT) 105
TABLE 98 VIETNAM: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 106
TABLE 99 VIETNAM: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 106
TABLE 100 VIETNAM: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 107
TABLE 101 VIETNAM: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 107
TABLE 102 INDONESIA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION) 108
TABLE 103 INDONESIA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 108
TABLE 104 INDONESIA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 108
TABLE 105 INDONESIA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 109
TABLE 106 REST OF ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE BY APPLICATION, 2017–2025 (USD MILLION) 109
TABLE 107 REST OF ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE BY APPLICATION, 2017–2025 (KT) 110
TABLE 108 REST OF ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE BY FORM, 2017–2025 (USD MILLION) 110
TABLE 109 REST OF ASIA PACIFIC: INFANT FORMULA INGREDIENTS MARKET SIZE BY FORM, 2017–2025 (KT) 110
TABLE 110 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY COUNTRY 2017–2025 (USD MILLION) 113
TABLE 111 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY COUNTRY 2017–2025 (KT) 113
TABLE 112 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT 2017–2025 (USD MILLION) 114
TABLE 113 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT 2017–2025 (KT) 114
TABLE 114 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 115
TABLE 115 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2017–2025 (KT) 115
TABLE 116 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 115
TABLE 117 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 116
TABLE 118 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 116
TABLE 119 EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 116
TABLE 120 UK: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 117
TABLE 121 UK: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 117
TABLE 122 UK: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 118
TABLE 123 UK: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 118
TABLE 124 GERMANY: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 119
TABLE 125 GERMANY: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 119
TABLE 126 GERMANY: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION) 119
TABLE 127 GERMANY: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 120
TABLE 128 FRANCE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 120
TABLE 129 FRANCE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 120
TABLE 130 FRANCE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 121
TABLE 131 FRANCE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 121
TABLE 132 NETHERLANDS: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 122
TABLE 133 NETHERLANDS: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 122
TABLE 134 NETHERLANDS: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION) 123
TABLE 135 NETHERLANDS: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 123
TABLE 136 TURKEY: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 124
TABLE 137 TURKEY: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (KT) 124
TABLE 138 TURKEY: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 125
TABLE 139 TURKEY: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 125
TABLE 140 REST OF EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (USD MILLION) 126
TABLE 141 REST OF EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 126
TABLE 142 REST OF EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE BY APPLICATION, 2017–2025 (USD MILLION) 126
TABLE 143 REST OF EUROPE: INFANT FORMULA INGREDIENTS MARKET SIZE BY APPLICATION, 2017–2025 (KT) 127
TABLE 144 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY REGION 2017–2025 (USD MILLION) 127
TABLE 145 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY REGION 2017–2025 (KT) 128
TABLE 146 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT 2017–2025 (USD MILLION) 128
TABLE 147 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY INGREDIENT 2017–2025 (KT) 129
TABLE 148 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM 2017–2025 (USD MILLION) 129
TABLE 149 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 129
TABLE 150 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2017–2025 (USD MILLION) 130
TABLE 151 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY SOURCE 2017–2025 (KT) 130
TABLE 152 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (USD MILLION) 130
TABLE 153 ROW: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION 2017–2025 (KT) 131
TABLE 154 SOUTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION) 131
TABLE 155 SOUTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (KT) 132
TABLE 156 SOUTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (USD MILLION) 132
TABLE 157 SOUTH AMERICA: INFANT FORMULA INGREDIENTS MARKET SIZE, BY FORM, 2017–2025 (KT) 132
TABLE 158 MIDDLE EAST & AFRICA: INFANT FORMULA INGREDIENTS MARKET SIZE BY APPLICATION, 2017–2025 (USD MILLION) 133
TABLE 159 MIDDLE EAST & AFRICA: INFANT FORMULA INGREDIENTS MARKET SIZE BY APPLICATION, 2017–2025 (KT) 133
TABLE 160 MIDDLE EAST & AFRICA: INFANT FORMULA INGREDIENTS MARKET SIZE BY FORM, 2017–2025 (USD MILLION) 134
TABLE 161 MIDDLE EAST & AFRICA: INFANT FORMULA INGREDIENTS MARKET SIZE BY FORM, 2017–2025 (KT) 134
TABLE 162 NEW PRODUCT LAUNCHES 142
TABLE 163 EXPANSIONS & INVESTMENTS 142
TABLE 164 MERGERS & ACQUISITIONS 143
TABLE 165 AGREEMENTS, JOINT VENTURES, AND PARTNERSHIPS 143