Infant Formula Ingredients Market Size - By Type (Carbohydrates, Proteins, Fats, Vitamins & Minerals, Nucleotides), By Source (Dairy-Based Ingredients, Plant-Based Ingredients, Synthetic Ingredients), Distribution Channel & Global Forecast, 2023 – 2032

Infant Formula Ingredients Market Size

Infant Formula Ingredients Market size was valued at USD 26.9 billion in 2022 and is estimated to expand at a CAGR of 8.5% between 2023 and 2032. The number of births and the global population growth directly impact the demand for infant formula products and, consequently, the demand for ingredients used in their formulation. Factors such as working mothers, maternal health issues, or lack of breastfeeding support may lead to challenges in breastfeeding, increasing the need for infant formula as an alternative feeding option.
 

Parents and caregivers prioritize the nutritional needs and overall health of infants, leading to the demand for infant formula products that provide essential nutrients and support healthy growth and development.

The infant formula industry is subject to stringent regulations and safety standards set by government agencies in various countries. Developing infant formula with a nutritional profile similar to human breast milk is complex and requires extensive research and testing. The cost of producing high-quality infant formula with premium ingredients can be significant.
 

COVID-19 Impact

The uncertainty and fear surrounding the pandemic prompted consumers to stock up on essential goods, including infant formula. The increased demand for infant formula products put pressure on manufacturers to ensure a steady supply of ingredients to meet consumer needs. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.
 

Infant Formula Ingredients Market Trends

Human milk oligosaccharides are complex carbohydrates naturally present in human breast milk. Manufacturers have been increasingly incorporating HMOs into infant formula as they are believed to offer various health benefits, including supporting gut health and immunity in infants. Infant formula manufacturers have been exploring different protein sources, such as hydrolyzed proteins and plant-based proteins (e.g., soy-based), to cater to infants with specific dietary needs or allergies. The aim is to provide nutritionally adequate alternatives to traditional cow's milk-based proteins.  
 

Infant Formula Ingredients Market Analysis

The infant formula ingredients market from carbohydrate segment dominated around USD 8.3 billion revenue in 2022. Lactose, the primary carbohydrate in human breast milk, is preferred in infant formula to provide a source of energy and support digestive health. Some infants may have lactose intolerance or other dietary needs, leading to the demand for alternative carbohydrates, such as soy-based formula.
 

The dairy based segment accounted for 40% of the infant formula ingredients market share in 2022. Cow's milk is a primary source of protein and calcium, providing essential nutrients for infant growth and bone development. Cow's milk-based ingredients are the most commonly used in infant formula due to their similarity to human breast milk in terms of protein and fat composition.
 

The infant formula ingredients market from supermarkets segment is anticipated to grow at 8.1% CAGR through 2032. Retail stores, including supermarkets, hypermarkets, and convenience stores, offer a one-stop shopping experience, making it convenient for parents to purchase infant formula ingredients alongside other household essentials.
 

U.S. infant formula ingredients market size held over USD 6.6 billion in 2022. The birth rate in North America, although not as high as in some developing regions, still contributes to a steady demand for infant formula products and ingredients.
 

Infant Formula Ingredients Market Share

Some of the major companies operating in the infant formula ingredients market are:

• DuPont de Nemours, Inc.
• Koninklijke DSM N.V. (DSM)
• Arla Foods Ingredients Group P/S
• FrieslandCampina Ingredients
• Kerry Group plc
• BASF SE
• Ingredion Incorporated
• Glanbia plc, AAK AB
• Chr. Hansen Holding A/S
• Saputo Inc.
• Carbery Group Ltd.
• Tate & Lyle plc
• Lonza Group AG
• Archer Daniels Midland Company.
   

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Infant Formula Ingredients Industry News:

• In September 2021, Bunge Loders Croklaan, the Netherlands plant-based lipids business of Bunge, a US-based food production company introduced Betapol Organic, the first certified organic OPO (Oleic-Palmitic-Oleic or SN-2 palmitate) on the Chinese and European markets.
   

This infant formula ingredients market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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Market, By Type

• Carbohydrates
• Proteins
• Fats
• Vitamins & Minerals
• Nucleotides
• Others

Market, By Source

• Dairy-Based Ingredients
• Plant-Based Ingredients
• Synthetic Ingredients

Market, By Distribution Channel

• Supermarkets & Hypermarkets
• Pharmacies & Drugstores
• Online Retail
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt