[190 Pages Report] The Infant Formula Ingredients Market size was estimated at USD 25.32 billion in 2023 and expected to reach USD 27.48 billion in 2024, at a CAGR 9.11% to reach USD 46.62 billion by 2030.
Infant formula ingredients are specifically designed and chosen to closely mimic the nutritional composition of human breast milk, providing essential nutrients required for the healthy growth and development of infants. These ingredients typically include protein sources, carbohydrates, fats, vitamins, minerals, and other functional components that ensure optimal nourishment for a baby’s physical and cognitive needs. Meanwhile, the growing awareness about the nutrition of infants among working women increases the need for infant formula. Infant formula ingredients provide primary components as they form the foundation for tissue growth and repair. Additionally, the penetration of organic and natural infant food significantly improves the development of the infant formula ingredients market. However, regulatory compliance is crucial due to the sensitive nature and health of the target consumers, resulting in stringent government regulations by regulatory bodies associated with infant formula ingredients, which is a significant challenge for producers of infant formula ingredients. Companies emphasize innovation through research activities that identify novel ingredients with improved nutritional value or functional benefits for infants to maintain a strong position within this competitive landscape. Moreover, the inclusion of prebiotics and probiotics in infant food and continuous R&D expenditure on infant formula to promote infant gut health offer a competitive advantage to the market players.
Ingredient Type: Utilization of various ingredients in infant formula for nutritional benefits
Infant formula ingredients provide essential nutrients for infants’ growth and development. The ingredients, including carbohydrates, vitamins, and proteins, are essential in infant formula, as they provide energy for growth & development and build blocks for muscles, bones, skin, and other tissues. On the other hand, oils and fats in infant formula contribute to meeting the energy needs of infants and supply essential fatty acids that support brain development. Prebiotics promote the growth of bacteria, which benefit the infant’s gut by acting as a food source for improved digestion and supporting immune system development.
Form: Availability of the liquid and powdered form ingredients to produce infant formulas and provide essential nutrients to nourish infants
Ingredients for infant formulas that come in powdered or liquid form contain a blend of macronutrients, micronutrients, and other functional ingredients that support the healthy growth and development of infants. Powdered form ingredients are more concentrated and help to increase the shelf life of the end products. However, the liquid-based ingredients used to produce the infant formulas which plays an important part of producing ready-to-eat infant food formulas.
Source: Popularity of organic formula ingredients offering high-level health advantages
Inorganic formula ingredients are mineral-based compounds that play vital roles in an infant’s physical growth, cognitive development, and overall health. Key inorganic components include calcium, phosphorus, magnesium, sodium, potassium, chloride, sulfur, iron, zinc, copper manganese, and iodine selenium. Organic ingredients including milk or soy-based, carbohydrates (lactose, corn syrup solids), fats (plant oils, dairy fat), and prebiotics or probiotics have higher levels of essential fatty acids, antioxidants, and other phytonutrients than conventional options. These ingredients are derived from plant and animal sources grown without synthetic pesticides or fertilizers under regulated conditions that ensure sustainable practices. Both inorganic and organic ingredients are essential components of infant formula products. However, the key difference lies in their source material and production methods. Organic ingredients offer higher levels of beneficial nutrients due to the nature of their cultivation methods and come at a premium price compared to inorganic counterparts.
Application: Increasing uses of infant formula ingredients to develop high quality nutritions
The infant formula ingredients comprise four primary segments, each catering to distinct age groups and nutritional needs. Follow-on formula targets infants aged 6-12 months, providing essential nutrients for their growth and development. It is formulated to meet the changing dietary needs of babies transitioning to solid foods. Growing-up milk caters to toddlers aged 1-3 years who require additional nutrients during their critical growth stage. This category emphasizes calcium and vitamin D supplementation for bone development, iron, zinc, and vitamins A & C for cognitive support and enhancement of immunity. Additionally, specialty infant formulas address specific health concerns and dietary restrictions such as lactose intolerance, cow’s milk protein allergy, reflux issues, and preterm infant feeding. These products are often customized to meet the unique needs of infants with specific medical conditions. Lastly, standard infant formula is designed for healthy babies aged 0-6 months to replicate breast milk composition by providing essential nutrients like carbohydrates, proteins, fats, vitamins, minerals, and fatty acids.
Regional Insights
In the Americas, countries including the United States and Canada, the demand for infant formula ingredients witnessed significant growth due to various factors, such as the increasing number of working women and busy consumer lifestyles. The rise in dual-income households, with both parents working outside the home, has created a strong need for convenient and nutritious options to cater to their infants’ dietary requirements. The European countries have witnessed steady growth due to Europe’s strict regulations regarding infant formula that have led to rigorous testing and safety standards for manufacturers and resulted in increased investment in research and development of innovative infant formula ingredients by major players. Additionally, the Middle East and Africa are experiencing rapid urbanization and growing disposable incomes, resulting in increasing demand for infant formula products. The APAC region has also seen a significant boom in its infant formula ingredient industry following regulatory reforms in recent years. Asian countries, including China and India, are some of the most populated countries in the world, resulting in a continuous demand for infant formula ingredients and, therefore, an important market for infant formula manufacturers. Japan is also one of the largest global exporters of infant formula ingredients and invests heavily in research and development, leading to high-quality products that meet stringent international standards.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Infant Formula Ingredients Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Infant Formula Ingredients Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Infant Formula Ingredients Market, highlighting leading vendors and their innovative profiles. These include AAK AB, Abbott Laboratories, ABITEC Corporation, Arla Foods Ingredients Group P/S, Armor Proteines by Savencia Group, BASF SE, Bio-Rad Laboratories, Inc., Bunge Limited, Carbery Food Ingredients Limited, Cargill Incorporated, Chr. Hansen Holdings A/S, DuPont de Nemours, Inc., FMC Corporation, Fonterra Co-Operative Group Limited, FrieslandCampina group, Glanbia PLC, Glycosyn LLC, Ingredion Incorporated, Kerry Group, Koninklijke DSM N.V., Lactalis Ingredients, Lonza Group Ltd., Mead Johnson & Company, LLC by Reckitt Benckiser Group, Nestle S.A., Roquette Fr?res, Sachsenmilch Leppersdorf GmbH by Unternehmensgruppe Theo M?ller, Symrise AG, and Vitablend Nederland B.V. by Barentz International BV.
Market Segmentation & Coverage
This research report categorizes the Infant Formula Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Ingredient Type
- Carbohydrates
- Oils & Fats
- Prebiotics
- Proteins
- Vitamins & Minerals
- Form
- Liquid & Semi-Liquid
- Powder
- Source
- Inorganic
- Organic
- Application
- Follow-On Formula
- Growing-Up Milk
- Specialty
- Standard Infant Formula
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Infant Formula Ingredients Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Infant Formula Ingredients Market?
- What are the technology trends and regulatory frameworks in the Infant Formula Ingredients Market?
- What is the market share of the leading vendors in the Infant Formula Ingredients Market?
- Which modes and strategic moves are suitable for entering the Infant Formula Ingredients Market?
US $
Euro €
GBP £