Infant formula ingredients market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period. Product innovations and technological improvements are expected to be the primary drivers of market growth. The increasing awareness in developing economies regarding the importance of adequate nutrition for the healthy growth of infants is a key factor promoting the growth of the infant formula ingredients market. Additionally, infant formula brands are adding various organic ingredients to their product following the trend of organic food which is also anticipated to drive the infant formula ingredients market during the forecast period.
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Extensive R&D by key manufacturers involved in the infant formula ingredients to develop ingredients as per consumer expectations is further contributing to the market growth. For instance, in 2019, Nestlé S.A. opened a new R&D center in Ireland. The company made an investment of $30.0 million for the same. The center will focus on developing products for infant nutrition. However, contamination of infant formula with harmful ingredients is witnessed in both developed and developing regions. Infant formulas often contain small ingredients known as nanoparticles, which pose a threat to human health.
- Market Coverage
- Market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Infant Formula Ingredients Market Report by Segment
By Ingredient Type
- Carbohydrates
- Oils & Fats
- Protein
- Vitamin
- Minerals
- Prebiotics
By Source
- Cow Milk
- Soy
- Protein Hydrolysates
By Application
- Growing-up Milk
- Standard Infant Formula
- Follow-on Formula
- Specialty
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Infant Formula Ingredients Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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