The global infant formula ingredients market is anticipated to grow with a significant CAGR of 8.1% during the forecast period. The growth of the infant formula ingredients market will be attributed to the growing concerns regarding the digestive health and protein intake of the infants. Additionally, a surge in the use of ingredients prebiotic, probiotic, and oligosaccharides by infant formula manufacturers owing to their high demand across the globe will also drive the infant formula ingredients industry during the forecast period.
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Due to the high demand, the key players are introducing better products in the market. Key players of the infant formula ingredients industry include AAK AB, Arla Foods amba, Nestle SA, BASF SE, Carbery Group, Glanbia Ireland DAC, among others. For instance, the infant formula manufacturers are including hydrolyzed proteins in their products which is aids the infants in defending allergies as well as provide them with good digestive health. In addition to this, another ingredient called protein lactoferrin is also gaining much of the popularity in the infant formula ingredients market as a good digestive aid.
In addition to this, infant formulas that are similar to human breast milk are also gaining significant acclamation across the globe. Infant formula manufacturers are utilizing ingredients that are found only in human breast milk such as milk fat globule membrane which is composed primarily of lipids & proteins and benefits proper brain functioning.
Furthermore, non-GMO infant formula and organic infant formula’s demand are also rising significantly in recent years. These non-GMO and organic infant formulas do not include any genetically engineered ingredients and also complies with the country-specific organic regulations. This is expected to raise the adoption of infant formula across the globe in turn driving the infant formula ingredients market. The organic infant formula costs much more than the conventional infant formula available in the market. However, in order to provide better health to their child’s parents, are ready to spend a higher amount, which is providing new opportunities to the infant formula ingredients market during the forecast period.
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Global Infant Formula Ingredients Market- Segmentation
By Source
- Cow Milk
- Soy
- Others
By Application
- Growing-up Milk
- Standard Infant Formula
- Follow-on Formula
- Specialty Formula
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
