Infant formula ingredients are used in infant packaged food products, which provide essential nutrients to babies. Infant formula is prepared to feed babies and widely acceptable alternatives to breastfeeding to maintain the good health of the baby. It also boosts the mental and physical health of babies. The infant formula plays a vital role for baby growth and helps to fulfill the everyday nutritional needs of babies. The infant formula ingredients comprise of cow milk as a protein source, lactose as a carbohydrate source, a blend of vegetable oils as a fat source, and other ingredients based on the manufacturing process. Th market for infant formula ingredient market has been categorized on the basis of various ingredients such as carbohydrates, oils & fats, proteins, vitamins, minerals, and others.

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An increasing number of working women populations, coupled with the growing awareness regarding the nutritional benefits of infant feeding for babies, are the key drivers of the global infant formula ingredients market. The other factors driving the growth of the global infant formula ingredients market include rapid urbanization, increasing disposable income, and changing lifestyle of consumers. Moreover, growing health concerns among parents for the development of babies along with the acceptability for trusted quality food products will boost the global infant formula ingredients market. Additionally, the growing demand for organic infant formula due to the hectic lifestyle of consumers will further enhance the global infant formula ingredients market. The health benefits associated with infant formula ingredients such as healthy bone growth, improve digestive health, and other health benefits, will further increase the demand for infant formula in the market. However, the high cost of the infant formula ingredients and strict regulations for infant formulas in developing countries may hamper the global infant formula ingredients market.

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Based on the ingredient, the Oils & Fats ingredient is projected to grow at a higher CAGR during the forecast period. The Oils & Fats ingredient is one of the key ingredients required for the growth of the infants as it provides high energy to the babies. The Oils & Fats ingredients are available in a wide range of physiological and metabolic functions to infants. It also plays a critical role in the development and growth of infants.

Based on the form, Dry form is predicted to dominate the market during the forecast period attributed to its growing awareness regarding the nutritional value offered by the dry form food products such as carbohydrates, fats, and proteins. The dry form is widely used as compared to the liquid form due to its ease of handling feature.

On the basis of the application, the Growing-up Milk Formula is projected to grow at a higher CAGR during the forecast period. The growing-up milk formula is the most commonly used application as it provides additional nutrition options that is promoting the parents to opted growing up milk formula as compared to other applications. It serves as a part of a balanced diet for infants and provides essential nutrients such as vitamin D, calcium, and iron to infants.

Based on the source, Cow Milk source is expected to dominate the global infant formula ingredient market owing to the high usage of cow milk-based ingredients by the manufacturers. Furthermore, high acceptance of cow milk in the Europe and North America regions will surge the demand of the segment.

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Based on the region, the Asia-Pacific region is expected to witness a higher CAGR during the forecast period owing to the increasing working women along with the growing demand for easy food in the region. Moreover, growing awareness regarding the infant formula and hectic lifestyle of women will further boost the infant formula ingredient in this region. Asia-Pacific region is led by China, Japan, India, and South Korea due to a large number of infant formula ingredient manufacturers in this region.

Various notable players operating in the market, include AAK AB, Fonterra Co-operative Group Limited, Royal Friesland Campina N.V., BASF SE, Koninklijke DSM N.V., Arla Foods amba, Carbery Food Ingredients Limited, Chr. Hansen Holdings A/S, Sachsenmilch Leppersdorf GmbH, Kerry Group plc, Lactalis Ingredients, Glanbia plc, among others.

Key Developments:

• • In 2018, BASF SE launched 2’- fucosyllactose (2’-FL) to advance the capabilities in infant nutrition and to strengthen child health.
  • In 2018, Lactalis Ingredients acquired Aspen Pharmacare to expand their infant formula business and to cater to the growing demand for infant formula.
  • In 2018, Royal Friesland Campina N.V. acquired Cheese Corporation USA to strengthen its business in the US market further.

The global infant formula ingredients market has been segmented on the basis of ingredient, form, application, source, and region. Based on ingredient, the market is segmented into carbohydrates, oils & fats, proteins, vitamins, minerals and others. Based on form, the market is segmented into dry and liquid. Based on application, the market is segmented into growing-up milk formula (Infants over 12 months), standard infant formula (0–6-month-old infants), follow-on formula (6–12-month-old infants) and specialty formula. Based on source, the market is segmented into cow milk, soy, protein hydrolysates and others.

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Key questions answered in this research report:

• • At what pace is global Infant Formula Ingredients Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Infant Formula Ingredients Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Infant Formula Ingredients Market?
  • Which Ingredient generated maximum revenues in 2019 and identify the most promising Ingredient during the forecast period?
  • What are the various Sources of global Infant Formula Ingredients Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Ingredient, By Source, By Form, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	AAK AB, Fonterra Co-operative Group Limited, Carbery Food Ingredients Limited, Royal Friesland Campina N.V., Sachsenmilch Leppersdorf GmbH, BASF SE, Koninklijke DSM N.V., Arla Foods amba, Chr. Hansen Holdings A/S, Kerry Group plc, Lactalis Ingredients, Glanbia plc; A total of 12 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Infant Formula Ingredients Market by Ingredient

• • Carbohydrates
  • Fats & Oils
  • Proteins
    • Whey Proteins
    • Casein Proteins
    • Plant Proteins
  • Vitamins
  • Minerals
  • Others

Global Infant Formula Ingredient Market by Source

• • Cow Milk
  • Soy
  • Protein Hydrolysates
  • Others

Global Infant Formula Ingredients Market by Form

• • Dry
  • Liquid

Global Infant Formula Ingredients Market by Application

• • Growing-Up Milk Formula (Infants over 12 months)
  • Standard Infant Formula (0–6-month-old infants)
  • Follow-On Formula (6–12-month-old infants)
  • Specialty Formula

Global Infant Formula Ingredients Market by Region

• • North America Infant Formula Ingredients Market (Option 1: As a part of the free 25% customization)
    • North America Market by Ingredient
    • North America Market by Source
    • North America Market by Form
    • North America Market by Application
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Infant Formula Ingredients Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Ingredient
    • Europe Market by Source
    • Europe Market by Form
    • Europe Market by Application
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Infant Formula Ingredient Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Ingredient
    • Asia-Pacific Market by Source
    • Asia-Pacific Market by Form
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Infant Formula Ingredient Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Ingredient
    • RoW Market by Source
    • RoW Market by Form
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Infant Formula Ingredients (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • AAK AB
  • Fonterra Co-operative Group Limited
  • Carbery Food Ingredients Limited
  • Royal Friesland Campina N.V.
  • Sachsenmilch Leppersdorf GmbH
  • BASF SE
  • Koninklijke DSM N.V.
  • Arla Foods amba
  • Chr. Hansen Holdings A/S
  • Kerry Group plc
  • Lactalis Ingredients
  • Glanbia plc