The ‘GlobalInfant Food Ingredients Market Size, Share, Demand, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global infant food ingredients market, assessing the market on the basis of its segments like ingredient types and major regions.
Infant Food Ingredients Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028):5.7%
|Growth Rate CAGR||5.7%|
|Major Players||Arla Foods amba, Lactalis Ingredients, Fonterra Co-operative Group Limited, Koninklijke|
DSM N.V, and Glanbia Plc, among others.
The increasing birth rates of infants and increasing number of active adults entering into parenthood are encouraging the sale of infant food ingredients. Infant food ingredients, such as lactose, fulfills around 40% of the energy requirement of the baby. Meanwhile, starch protects the baby from rashes. Hence, the increasing awareness pertaining to the healthy infant food ingredients is propelling the global infant food ingredients market.
The increasing prevalence of health issues among babies, such as cough, cold, fever, and diaper rash, among others, are further bolstering the need for immunity boosting infant food ingredients. Hence, immunity boosting ingredients, such as lactose, are likely to witness a healthy demand in the coming years.
Over the forecast period, the increasing popularity of innovative homemade recipes, incorporated with infant food ingredients, is further leading to increased demand for the products. In addition, the changing preference of parents towards clean-labelled infant formulations and food supplements derived from starch and whey protein are likely to improve the infant food ingredients market dynamics.
In terms of region, the Asia Pacific region accounts for a significant share of the market. The increasing fertility rate across southeast Asia is leading to a heightened demand for infant food ingredients. Government regulations across emerging economies, like India, aimed towards curing the cases of malnutrition in rural areas are likely to be the major driving factors of the product.
Infant Food Ingredients Industry Definition and Major Segments
Infant food ingredients, also known as baby foods, refer to the essential nutritional ingredients which help an infant gain long-term health stability and overall development. These ingredients contain vitamins and minerals. Typical examples of Infant food ingredients include fresh fruits, cereals, and vegetables containing starch, protein, and sucrose, among others.
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Based on ingredient type, the market can be segmented into:
• Edible Oil
• Whey Protein Concentrates
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Infant Food Ingredients Market Trends
The key trends in the infant food ingredients market include the growing expansion of the e-commerce industry, which is bolstering the sale of innovative food products derived from ingredients for infant. The increasing purchasing power of the newly become parents, increasing purchasing power, and rapid urbanisation have been boosting the demand for infant food ingredients.
Meanwhile, social media platforms, coupled with the increasing number of parents using platforms such as Facebook and Instagram, are supporting the branding and promotion of infant food ingredients by marketing companies. In addition to this, the easy accessibility of recipes and delicious formulations for babies are further augmenting the supply demand chain in the infant food ingredients market.
Over the forecast period, the increasing investment by the major market players towards the research and development activities aimed towards pushing the quality and nutritional value of infant food formulations are likely to be the crucial trends in the market. Moreover, increasing efforts by the infant food ingredients producing firms to gain competitive edge are likely to accelerate the innovations and product launches.
Furthermore, the robust growth of supermarkets/hypermarkets and convenience stores across the semi-urban and urban areas of the developing economies are propelling the footfall of parent bolstering impulse buying.
Key Market Players
The major players in the Infant Food Ingredients Market report are:
• Arla Foods amba
• Lactalis Ingredients
• Fonterra Co-operative Group Limited
• Koninklijke DSM N.V
• Glanbia Plc
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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