Market Definition: Infant Formula Ingredients Market
The global infant formula ingredients market is expected to reach USD 41.11 billion by 2026, from USD 18.31 billion in 2017 growing at a CAGR of 3.7% during the forecast period of 2019 to 2026.
The infant formulas are comprise of purified cow’s milk as a protein source, a blend of vegetable oils as a fat source, lactose as a carbohydrate source, a vitamin-mineral mix, and other ingredients based on the manufacturing processes. Over the years, the infant formula industry has been growing rapidly owing to rise in working women population and increase in per capita income.
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Major Market Drivers & Restraints are as follows:
- Rise in number of working women
- Inability of mothers to lactate sufficiently
- Preference for convenient feeding
- Increase in awareness for natural infant feeding
- Strict regulations for infant formula
Key Market Competitors: Infant Formula Ingredients Market
Few of the major competitors are Chr. Hansen Holding, Fonterra Co-Operative Group Limited, Dupont, DSM, ADM, Arla Foods, Saputo Inc., Almarai , Alpura, CSK Food Enrichment, Sacco SRL, Dairy Farmers of America, Alpura, E. I. du Pont De Nemours and Company, Archer Daniels Midland Company, Koninklijke Dsm N.V, Bega Cheese, Amul, Wisconsin Milk, Nestlé, Dairy Farmers of America Inc., Agropur Cooperative., Schreiber Foods, Kraft Foods Cheese & Dairy Division, FOOD Development LLC, Wisconsin Cheese Makers Association, and many more.
The report gives the details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.
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Market Segmentation: Infant Formula Ingredients Market
- The global infant formula ingredients market is segmented based on composition, type, application and geographical segments.
- Based on type, the global infant formula ingredients market is segmented into high-fructose syrup, high-intensity sweeteners and low-intensity sweeteners.
- On the basis of composition, the global infant formula ingredients market is classified into high-intensity sweeteners and low-intensity sweeteners. The high-intensity sweeteners is sub segmented into stevia, aspertame, cyclamate, sucralose, saccharin, ace-K and other HIS. The Low-Intensity Sweeteners.is sub segmented into D-tagtose, sorbitol, maltitol, xylitol, mannitol, eythritol and, other LIS.
- On the basis of application, the global infant formula ingredients market is classified into bakery, confectionery, meat & poultry products, sauces & dressings, beverages, dairy products and others.
- On the basis of function, the global infant formula ingredients market is classified into thickener, stabilizer, gelling agent, fat replacer, coating material and other.
- Based on geography, the global infant formula ingredients market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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The global infant formula ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of infant formula ingredients market for global, Europe, North America, Asia Pacific and South America.
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