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 report gives access to decisive data, such as:
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for the coming years
Key highlights of this report include:
Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.