Global Infant formula ingredients Market: Snapshot
Infant formula ingredients are used for infants from birth to 12 months of age, and generally recognized as safe and most products available to consumers are based on cow’s milk. Infant formulas usually contain functional ingredients. Key ofthem comprise long-chain polyunsaturated fatty acids, prebiotics, nucleotides, and probiotics. Producers in the infant formula ingredients market are modifying lactose content, percentage of probiotics, rice starch, and hydrolyzed proteins for diversifying their product portfolio. Usually, medical professional usually closely monitor infant formula ingredients. Formulations that meet the various clinical conditions of infants are also driving new products launches in the market. Some of the aspects that they tend to address are gastrointestinal disorders, allergy, lack of fat metabolism, and renal insufficiency. They usually help in the normal physical growth of the baby and provides sufficient protein component substitutes of good biological quality.
Growing demand for prebiotics and specific milk protein fractions for a rising population is a key factor underpinning the steady evolution of the market. The dynamics of the infant formula ingredients market is expected to be characterized by high degree of regulation. For instance, all major components such as lipids, carbohydrates, and protein should have minimum-maximum range for effectiveness. Another key requirement is that the range of nutrient should remain intact throughout the shelf-life of infant formula ingredients. In the U.S., such regulations for approval of infant formula ingredients have been the combine effort of the WHO and the Food and Drug Administration (FDA). In the coming years, specialized formulas are expected to gain increased traction among the players. It is important to assess clinical manifestations of cow milk allergy for a better formulation.
Global Infant Formula Ingredients Market: Overview
Breast milk is known as the best source of formula for almost all infants. Apart from somatic growth, breast milk has numerous other benefits, along with modulation of brain development, immune ontogeny, and postnatal intestinal function. Though breastfeeding is highly advised, it may not be feasible always. Infant formula is an industrially produced alternative for breat milk. Infant formula ingredients try to include all the formula composition of breast milk as much as possible. There are various number of substitutes to cow milk-based formula also present.
The report by Transparency Market Research (TMR) aims to enlighten on the rapid growth and prospects of the global infant formula ingredients market in detail. The report also concentrates on vendor landscape in the market by factoring in weaknesses and strengths of prominent participants.
Global Infant Formula Ingredients Market: Drivers & Restraints
As specified by the Federal Food, Drug, and Cosmetic Act (FFDCA) of the U.S. infant formula ingredients are those that claim to be or stand for special dietary application only as a food for newborns owing to its deception of breast milk or its suitability as an alternative for breast milk.
Infant formula ingredients are produced for nourishing babies and infants usually within the age of 12 months, and are prepared from liquid or powder. They help along in development and healthy growth of infants, protect them from allergies, enhance cognitive performance and development, and improve gastrointestinal immunity and health.
The global infant formula ingredients market has observed noteworthy growth in the past. The growth occurred due to possible health benefits offered by infant formula ingredients. Some of the health benefits are such as reduced risk of cardiovascular diseases, lower cholesterol levels, healthy bone growth, better digestive health, and rise in demand for lactose and milk minerals. Moreover, increase in demand for infant formula ingredients, mainly from the food-processing industry drives demand for infant formula ingredients.
Nevertheless, absence of awareness & less promotional activities about the advantages of the formula and existence of various leading players are building the market more competitive are major restraints of the global infant formula ingredients market. However, increase in leaning towards a healthy supplements is driving the market growth.
Global Infant Formula Ingredients Market: Geographical Outlook
Geographically, Asia Pacific is leading the global infant formula ingredients market over the past few years. Growing urbanization and rising demand for easy food are projected to boost the market for different formula due to which the global infant formula ingredients market is growing significantly. Asia Pacific is dominated by the Chinese market, as it is one of the largest consumers of infant formula ingredients in the area. China due to being one of the leading international trader of infant formula ingredients other nation like New Zealand take benefits out of the trade.
Global Infant Formula Ingredients Market: Competitive Landscape
The global infant formula ingredients market is highly competitive and fragmented. The leading players have used numerous approaches like new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the major players in the global infant formula ingredients market include, AAK AB (Sweden), Fonterra Co-operative Group Limited (New Zealand), Carbery Food Ingredients Limited (Ireland), Royal Friesland Campina N.V. (Netherlands), and Sachsenmilch Leppersdorf GmbH (Germany).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.