Infant formula milk powder is especially prepared for the nourishment of a baby, usually available in powder form. It comprises various minerals and nutrients that are important for a child in his/her early days. These formulations, when added to milk powder, provide essential nourishment to the baby for his/her overall development. This type of milk powder is significantly used for premature babies and the ones who need more energy.
The expanding number of women in the workforce has led to the advent of a busy lifestyle. Working mothers do not have sufficient time to feed their babies. This negligence in feeding proves hazardous for the baby as essential nutrients requirements are not fulfilled. In this scenario, infant formula milk powders prove to be fruitful. Hence, this aspect may prove to be a significant growth generator for the infant formula milk powder market during the forecast period of 2020-2030.
Infant formula milk powders are available in powder and semi-liquid forms. Based on source, the infant formula milk powder market can be classified into soy, protein hydrolysates, minerals, prebiotics, carbohydrates, fats and oils, vitamins, probiotics, emulsifiers, and nucleotides.
This report on the infant formula milk powder market enlightens the stakeholders and CXOs about the recent developments and the current scenario. The changing market dynamics have been presented in the report in a detailed and precise manner so that the stakeholders can grasp every point without any difficulty and take steps accordingly.
The report also contains details about the COVID-19 impact on the infant formula milk powder market and the vital threats that the infant formula milk powder market may face between 2020 and 2030.
The infant formula milk powder market is highly competitive with a large number of players in the ring for obtaining a prominent position. The players in the infant formula milk powder market are involved in research and development activities for discovering novel formulations that help in increasing the nutritive value of the products. Investments from various firms and conglomerates enable the players to ramp up their research and development activities.
Attractive advertising campaigns and extensive social media presence are also aiding the players in the infant formula milk powder market to increase revenues. Furthermore, the players also change their strategies according to the fluctuating market dynamics. Hence, all these aspects bring tremendous growth prospects for the infant formula milk powder market.
Some well-entrenched players in the infant formula milk powder market are Vitablend Nederland B.V., Royal Friesland Campina N.V., Arla Foods amba, BASF SE, Glanbia plc, AAK AB, and Fonterra Co-operative Group Limited.
The rising preference of women in buying infant formula milk powders due to their phenomenal nutrient formulations may invite substantial growth. Nowadays, different types of infant formula milk powders are also available for catering to a specific requirement.
For instance, the Nusobee Casein 2 Follow Up helps in restoring electrolytes and strengthens the digestive systems of an infant as it comprises maltodextrins and triglyceride medium-chain. Infant formula milk powders catering to a specific age is also gaining immense popularity. Hence, these factors bring immense growth prospects for the infant formula milk powder market.
The infant formula milk powder market in North America may gain immense growth prospects during the forecast period. The rising number of women in the workforce across the region may prove as a significant growth factor. Asia Pacific may also gain rapid growth for the infant formula milk powder market between 2020 and 2030.