Infant formula ingredients market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period. Product innovations and technological improvements are expected to be the primary drivers of market growth. The increasing awareness in developing economies regarding the importance of adequate nutrition for the healthy growth of infants is a key factor promoting the growth of the infant formula ingredients market. Additionally, infant formula brands are adding various organic ingredients to their product following the trend of organic food which is also anticipated to drive the infant formula ingredients market during the forecast period.
Extensive R&D by key manufacturers involved in the infant formula ingredients to develop ingredients as per consumer expectations is further contributing to the market growth. For instance, in 2019, Nestlé S.A. opened a new R&D center in Ireland. The company made an investment of $30.0 million for the same. The center will focus on developing products for infant nutrition. However, contamination of infant formula with harmful ingredients is witnessed in both developed and developing regions. Infant formulas often contain small ingredients known as nanoparticles, which pose a threat to human health.
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Market Coverage
Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Infant Formula Ingredients Market Report by Segment
By Ingredient Type
Carbohydrates
Oils & Fats
Protein
Vitamin
Minerals
Prebiotics
By Source
Cow Milk
Soy
Protein Hydrolysates
By Application
Growing-up Milk
Standard Infant Formula
Follow-on Formula
Specialty
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Infant Formula Ingredients Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East & Africa
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