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Infant Formula Ingredients Market Size

Report ID: GMI6452
Published Date: Aug 2023
Report Format: PDF

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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.

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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.

Infant Formula Ingredients Market Report Attributes
Report Attribute	Details
Base Year:	2022
Infant Formula Ingredients Market Size in 2022:	USD 26.7 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.5%
2032 Value Projection:	USD 60.8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	191
Segments covered:	Type, Source, Distribution Channel, Region
Growth Drivers:	Growing birth rate Increasing working women population Growing infant feed industry
Pitfalls & Challenges:	Price sensitivity Regulatory compliance Nutritional complex

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of infant formula ingredients was reached USD 26.9 billion in 2022 and is set to cross USD 60.8 billion by the end of 2032.

Supermarkets segment will record around 8.1% CAGR from 2023 to 2032, as they offer a one-stop shopping experience, making it convenient for parents to purchase infant formula ingredients alongside other household essentials.

U.S. market size was worth USD 6.6 billion in 2022, as the country’s birth rate contributes to a steady demand for infant formula products and ingredients.

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.