The infant formula ingredients market is anticipated to grow at a CAGR of 8.1% during the forecast period. Infant formula is the additional feeds given to the new-born baby (generally up to the age of 1 year) in order to fulfill their nutritional requirements. Infant formulas are prescribed by the pediatrician according to the individual child’s requirement. There are various reasons due to which a child may need infant formula which include issues with lactation and latching to mother, concern of mother about taking medications while breastfeeding, unsupportive work policies & lack of parental leave and cultural norms & lack of family support. The increasing population of full-time working mothers is expected to majorly fuel the growth of the infant formula ingredients market during the forecast period. For instance, as per the US the Centers for Disease Control and Prevention’s 2018-2019 survey, only around 58.3% of the infant are breastfed to their sixth month in the US.

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The global infant formula ingredients market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest market share in the infant formula ingredients market during the forecast period. It is due to the high healthcare spending coupled with high awareness. Additionally, a large percentage of working parents in the region is also expanding the consumer base for the infant formula ingredients market. Europe is also anticipated to contribute significantly to the growth of the infant formula ingredients market owing to the increasing demand for organic ingredients based formula’s for the infants in the region. However, the decreasing childbirth rate in Europe is one of the major restraining factors for market growth in the region.

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The global infant formula ingredients market is segmented based on source and application. Based on the source, the market is sub-segmented into cow milk, soy, and others. Further, based on the application, the market is sub-segmented into growing-up milk, standard infant formula, follow-on formula, and specialty formula.

Global Infant Formula Ingredients Market – Segmentation
by Source
Cow Milk
Soy
Others
by Application
Growing-up Milk
Standard Infant Formula
Follow-on Formula
Specialty Formula

Global Infant Formula Ingredients Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
AAK AB
Abbott Laboratories
AGRANABeteiligungs-AG
Arla Foods amba
Barentz International BV
BASF SE
Campbell Soup Co.
Carbery Group Ltd.
Chr. Hansen Holding A/S
DANA DAIRY GROUP
Danone S.A.
Fonterra Co-operative Group Ltd.
Geo-Poland sp. z o.o.
Glanbia plc
Ingredion Inc.
Kerry Group PLC
Lactalis Ingredients
Nestle SA
Perrigo Company plc
Royal FrieslandCampina N.V.
The Honest Company, Inc.
Unternehmensgruppe Theo Muller S.a.r.l.

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