Global Infant Formula Ingredients Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 241
- CATEGORY
- Food & Beverages
Market Overview:
The infant formula ingredients market refers to the market for ingredients used in the production of infant formula products. Infant formula is a substitute for human breast milk, designed to provide the necessary nutrition for infants who are not breastfed. The ingredients used in infant formula are carefully selected to ensure that they meet the nutritional needs of infants and provide the best possible start in life.
The global infant formula ingredients market is growing due to the increasing demand for infant formula products, particularly in developing countries where breastfeeding rates are low. The market includes a wide range of ingredients such as proteins, carbohydrates, fats, vitamins, and minerals. These ingredients are sourced from different sources, such as cow's milk, soy, and other plant-based sources.
The infant formula ingredients market is highly regulated, with strict quality standards and safety requirements to ensure the safety and nutritional quality of infant formula products. The market is also driven by the increasing awareness of the importance of infant nutrition and the need for safe and high-quality infant formula products.
Some of the key factors driving the growth of the global infant formula ingredients market include the increasing number of working mothers, the rising demand for organic and clean-label products, and the growing awareness of the benefits of breast milk substitutes. However, the market is also faced with challenges such as the high cost of production and the concerns regarding the safety and quality of infant formula products.
Overall, the global infant formula ingredients market is expected to continue to grow in the coming years, driven by the increasing demand for safe and high-quality infant formula products. The market is also expected to witness innovation and development of new ingredients that meet the changing needs of consumers.
Covid-19 Impact:
The global infant formula ingredients market has been affected by the COVID-19 pandemic. The pandemic has led to disruptions in the global supply chain, affecting the availability and price of raw materials used in the production of infant formula ingredients. The pandemic has also led to changes in consumer behavior and preferences, which have impacted the demand for infant formula products.
During the early stages of the pandemic, there was a surge in demand for infant formula products as parents stockpiled supplies due to concerns about shortages. This led to a temporary increase in the demand for infant formula ingredients. However, the pandemic has also led to economic uncertainty, which has impacted the purchasing power of consumers and led to changes in consumer behavior.
The pandemic has also led to restrictions on travel and trade, which have affected the global supply chain for infant formula ingredients. This has led to challenges in sourcing raw materials and transporting them to manufacturing facilities. This has led to disruptions in the production and supply of infant formula products, leading to shortages in some regions.
Overall, the COVID-19 pandemic has had a mixed impact on the global infant formula ingredients market. While the initial surge in demand for infant formula products led to a temporary increase in the demand for ingredients, the disruptions in the global supply chain and changes in consumer behaviour have impacted the market in the long-term. However, the market is expected to recover in the coming years as the pandemic situation improves and the global economy stabilizes.
Market Dynamics:
Drivers:
There are several drivers contributing to the growth of the global infant formula ingredients market. Some of these include:
- Rising demand for infant formula products: The global demand for infant formula products is increasing, particularly in developing countries where there is a growing middle class and increasing urbanization. This has led to a corresponding increase in demand for infant formula ingredients.
- Increasing number of working mothers: With more women entering the workforce, there is a growing demand for convenient and safe breast milk substitutes, which are essential for infant growth and development. This has led to an increase in the demand for infant formula products and their ingredients.
- Growing awareness of the importance of infant nutrition: There is a growing awareness of the importance of infant nutrition, particularly in developing countries where malnutrition remains a major concern. This has led to a corresponding increase in demand for high-quality infant formula products that provide essential nutrients for infant growth and development.
- Technological advancements in the production of infant formula ingredients: Technological advancements have led to the development of new and innovative infant formula ingredients that meet the changing needs of consumers. For instance, new ingredients such as prebiotics, probiotics, and nucleotides have been developed to enhance the nutritional quality of infant formula products.
- Increasing demand for organic and clean-label products: There is a growing demand for organic and clean-label infant formula products, which are free from synthetic chemicals and artificial additives. This has led to an increase in the demand for organic and natural infant formula ingredients.
Overall, these drivers are expected to contribute to the growth of the global infant formula ingredients market in the coming years.
Regional Analysis:
The global infant formula ingredients market is segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Here's a brief overview of the market trends in each of these regions:
- North America: The North American market for infant formula ingredients is driven by the high demand for infant formula products, particularly organic and natural products. The market is also driven by the increasing number of working mothers and growing awareness of the importance of infant nutrition.
- Europe: The European market for infant formula ingredients is driven by the increasing demand for organic and natural products, particularly in countries such as France and Germany. The market is also driven by the growing number of working mothers and the increasing prevalence of lactose intolerance.
- Asia Pacific: The Asia Pacific market for infant formula ingredients is the largest and fastest-growing market globally. The market is driven by the increasing demand for infant formula products in countries such as China, India, and Indonesia. The market is also driven by the growing middle class and increasing urbanization in these countries.
- Latin America: The Latin American market for infant formula ingredients is driven by the increasing demand for infant formula products in countries such as Brazil and Mexico. The market is also driven by the growing middle class and increasing urbanization in these countries.
- Middle East & Africa: The Middle East & Africa market for infant formula ingredients is driven by the increasing demand for infant formula products in countries such as Saudi Arabia and South Africa. The market is also driven by the growing middle class and increasing urbanization in these countries.
Overall, the Asia Pacific region is expected to dominate the global infant formula ingredients market in the coming years due to the large and growing population, increasing urbanization, and rising disposable incomes.
Market Segmentation:
The global infant formula ingredients market is segmented by product type, form, source, and application. Here's a brief overview of each segment:
- By product type: The product type segment of the infant formula ingredients market includes carbohydrates, fats & oils, proteins, vitamins & minerals, and others. Proteins, particularly whey proteins, are the most widely used infant formula ingredient due to their high nutritional value.
- By form: The form segment of the infant formula ingredients market includes powder, liquid, and others. Powdered infant formula ingredients are the most widely used form, as they are easy to store and transport.
- By source: The source segment of the infant formula ingredients market includes plant-based and animal-based sources. Animal-based sources, particularly cow's milk, are the most widely used source of infant formula ingredients.
- By application: The application segment of the infant formula ingredients market includes standard infant formula, follow-on formula, specialty formula, and others. Standard infant formula is the most widely used application, as it is the primary breast milk substitute for infants.
Overall, the proteins segment is expected to dominate the global infant formula ingredients market in the coming years due to the high demand for high-quality protein sources for infant formula products. Additionally, the plant-based source segment is expected to grow at a faster rate than the animal-based source segment due to the increasing demand for vegan and vegetarian infant formula products.
Competitive Landscape:
The infant formula ingredients market is a significant and growing segment of the global food and beverage industry, driven by increasing demand for high-quality and safe infant nutrition products. Some of the key players in the infant formula ingredients market include:
- Abbott Laboratories
- Danone S.A.
- Nestle S.A.
- Mead Johnson Nutrition Company
- Arla Foods Ingredients Group P/S
- Fonterra Co-operative Group Limited
- Kerry Group plc
- Royal FrieslandCampina N.V.
- BASF SE
- DuPont de Nemours, Inc.
These companies offer a range of infant formula ingredients, including proteins, lipids, carbohydrates, vitamins, and minerals. They also provide value-added services, such as product development, testing, and customization, to meet the specific needs of their customers. The infant formula ingredients market is highly competitive, with players constantly innovating to improve the quality and nutritional value of their products while complying with regulatory standards.
Base Year: 2023Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Infant Formula Ingredients Revenue
1.4 Market Analysis by Type
1.4.1 Global Infant Formula Ingredients Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Carbohydrates
1.4.3 Oils & Fats
1.4.4 Proteins
1.4.5 Vitamins & Minerals
1.4.6 Prebiotics
1.5 Market by Application
1.5.1 Global Infant Formula Ingredients Market Share by Application: 2023-2032
1.5.2 Growing-Up Milk (Infants Over 12 Months)
1.5.3 Standard Infant Formula (0-6-Month-Old Infant)
1.5.4 Follow-On Formula (6-12 Month-Old Infant)
1.5.5 Specialty Formula
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Infant Formula Ingredients Market
1.8.1 Global Infant Formula Ingredients Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Infant Formula Ingredients Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Infant Formula Ingredients Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Infant Formula Ingredients Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Infant Formula Ingredients Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Infant Formula Ingredients Sales Volume Market Share by Region (2017-2022)
3.2 Global Infant Formula Ingredients Sales Revenue Market Share by Region (2017-2022)
3.3 North America Infant Formula Ingredients Sales Volume
3.3.1 North America Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.3.2 North America Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Infant Formula Ingredients Sales Volume
3.4.1 East Asia Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Infant Formula Ingredients Sales Volume (2017-2022)
3.5.1 Europe Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Infant Formula Ingredients Sales Volume (2017-2022)
3.6.1 South Asia Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Infant Formula Ingredients Sales Volume (2017-2022)
3.7.1 Southeast Asia Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Infant Formula Ingredients Sales Volume (2017-2022)
3.8.1 Middle East Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Infant Formula Ingredients Sales Volume (2017-2022)
3.9.1 Africa Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Infant Formula Ingredients Sales Volume (2017-2022)
3.10.1 Oceania Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Infant Formula Ingredients Sales Volume (2017-2022)
3.11.1 South America Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.11.2 South America Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Infant Formula Ingredients Sales Volume (2017-2022)
3.12.1 Rest of the World Infant Formula Ingredients Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Infant Formula Ingredients Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Infant Formula Ingredients Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Infant Formula Ingredients Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Infant Formula Ingredients Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Infant Formula Ingredients Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Infant Formula Ingredients Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Infant Formula Ingredients Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Infant Formula Ingredients Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Infant Formula Ingredients Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Infant Formula Ingredients Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Infant Formula Ingredients Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Infant Formula Ingredients Sales Volume Market Share by Type (2017-2022)
14.2 Global Infant Formula Ingredients Sales Revenue Market Share by Type (2017-2022)
14.3 Global Infant Formula Ingredients Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Infant Formula Ingredients Consumption Volume by Application (2017-2022)
15.2 Global Infant Formula Ingredients Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Infant Formula Ingredients Business
16.1 Arla Foods Amba
16.1.1 Arla Foods Amba Company Profile
16.1.2 Arla Foods Amba Infant Formula Ingredients Product Specification
16.1.3 Arla Foods Amba Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Vitablend Nederland B.V.
16.2.1 Vitablend Nederland B.V. Company Profile
16.2.2 Vitablend Nederland B.V. Infant Formula Ingredients Product Specification
16.2.3 Vitablend Nederland B.V. Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Carbery Food Ingredients Limited
16.3.1 Carbery Food Ingredients Limited Company Profile
16.3.2 Carbery Food Ingredients Limited Infant Formula Ingredients Product Specification
16.3.3 Carbery Food Ingredients Limited Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Fonterra Co-Operative Group Limited
16.4.1 Fonterra Co-Operative Group Limited Company Profile
16.4.2 Fonterra Co-Operative Group Limited Infant Formula Ingredients Product Specification
16.4.3 Fonterra Co-Operative Group Limited Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Aarhuskarlshamn AB
16.5.1 Aarhuskarlshamn AB Company Profile
16.5.2 Aarhuskarlshamn AB Infant Formula Ingredients Product Specification
16.5.3 Aarhuskarlshamn AB Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Royal Frieslandcampina N.V.
16.6.1 Royal Frieslandcampina N.V. Company Profile
16.6.2 Royal Frieslandcampina N.V. Infant Formula Ingredients Product Specification
16.6.3 Royal Frieslandcampina N.V. Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Sachsenmilch Leppersdorf GmbH
16.7.1 Sachsenmilch Leppersdorf GmbH Company Profile
16.7.2 Sachsenmilch Leppersdorf GmbH Infant Formula Ingredients Product Specification
16.7.3 Sachsenmilch Leppersdorf GmbH Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 BASF SE
16.8.1 BASF SE Company Profile
16.8.2 BASF SE Infant Formula Ingredients Product Specification
16.8.3 BASF SE Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Koninklijke DSM N.V.
16.9.1 Koninklijke DSM N.V. Company Profile
16.9.2 Koninklijke DSM N.V. Infant Formula Ingredients Product Specification
16.9.3 Koninklijke DSM N.V. Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Chr. Hansen Holding A/S
16.10.1 Chr. Hansen Holding A/S Company Profile
16.10.2 Chr. Hansen Holding A/S Infant Formula Ingredients Product Specification
16.10.3 Chr. Hansen Holding A/S Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Glanbia PLC
16.11.1 Glanbia PLC Company Profile
16.11.2 Glanbia PLC Infant Formula Ingredients Product Specification
16.11.3 Glanbia PLC Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Kerry Group PLC
16.12.1 Kerry Group PLC Company Profile
16.12.2 Kerry Group PLC Infant Formula Ingredients Product Specification
16.12.3 Kerry Group PLC Infant Formula Ingredients Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Infant Formula Ingredients Manufacturing Cost Analysis
17.1 Infant Formula Ingredients Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Infant Formula Ingredients
17.4 Infant Formula Ingredients Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Infant Formula Ingredients Distributors List
18.3 Infant Formula Ingredients Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Infant Formula Ingredients (2023-2032)
20.2 Global Forecasted Revenue of Infant Formula Ingredients (2023-2032)
20.3 Global Forecasted Price of Infant Formula Ingredients (2017-2032)
20.4 Global Forecasted Production of Infant Formula Ingredients by Region (2023-2032)
20.4.1 North America Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.3 Europe Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.7 Africa Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.9 South America Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Infant Formula Ingredients Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Infant Formula Ingredients by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Infant Formula Ingredients by Country
21.2 East Asia Market Forecasted Consumption of Infant Formula Ingredients by Country
21.3 Europe Market Forecasted Consumption of Infant Formula Ingredients by Countriy
21.4 South Asia Forecasted Consumption of Infant Formula Ingredients by Country
21.5 Southeast Asia Forecasted Consumption of Infant Formula Ingredients by Country
21.6 Middle East Forecasted Consumption of Infant Formula Ingredients by Country
21.7 Africa Forecasted Consumption of Infant Formula Ingredients by Country
21.8 Oceania Forecasted Consumption of Infant Formula Ingredients by Country
21.9 South America Forecasted Consumption of Infant Formula Ingredients by Country
21.10 Rest of the world Forecasted Consumption of Infant Formula Ingredients by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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