According to a new market report by Lucintel, the future of the infant formula ingredient market looks promising with opportunities in the growing-up milk, standard infant formula, follow-on formula, and special formula applications. The infant formula ingredient market is expected to grow with a CAGR of 9% from 2019 to 2024. The major drivers for this market are growth in premium infant nutrition products, rising demand for probiotic infant formula, increasing number of working women, higher birth rates in developing regions, growing packaging innovations in infant formula, increasing demand for organic infant formula, prevalence of online shopping sites, and increasing demand for eco-friendly packaging for infant formula products.
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In this market, carbohydrates, oils and fats, proteins, vitamins and minerals, prebiotics are the major product segment. Carbohydrates is the largest product segment of the infant formula ingredient market.
Powder, liquid, and semi-liquid ingredients forms are most widely used to prepare infant formula products. Powdered infant formula ingredients are the largest segment of the infant formula ingredient market.
Asia Pacific will remain the largest region over the forecast period due to the high consumption of infant formulas from emerging economies such as India and China.
Arla Foods Amba, Vitablend Nederland, Carbery Food Ingredients, Fonterra Co-Operative Group, Aarhuskarlshamn, Royal Frieslandcampina, Sachsenmilch Leppersdorf, BASF SE, Koninklijke DSM, and Chr. Hansen Holding are among the major manufacturers of infant formula ingredient market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the infant formula ingredient market by product type, application, form, source, and region. Lucintel has prepared a comprehensive research report titled "Infant Formula Ingredient Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the infant formula ingredient market by product type, application, form, source, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Carbohydrates
Oils and Fats
Proteins
Vitamins and Minerals
Prebiotics
Others
By Application [$M shipment analysis for 2013 – 2024]:
Growing-Up Milk
Standard Infant Formula
Follow-on Formula
Special Formula
By Form [$M shipment analysis for 2013 – 2024]:
Powder
Liquid and Semi-Liquid
By Source [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia-Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/infant-formula-ingredient-market.aspx or helpdesk@lucintel.com.
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