Baby Food and Infant Formula Ingredients Market 2023-28

Baby Food and Infant Formula Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3093

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Market Overview:

The global baby food and infant formula ingredients market size reached 4,270 Kilo Tons in 2022. Looking forward, IMARC Group expects the market to reach 5,069 Kilo Tons by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.

Baby food and infant formula are food products specifically made for babies till the age of two years. Infant formula serves as a replacement of mother’s milk as it exhibits similar nutritional attributes. Whereas baby foods are soft minced and mashed vegetables, fruits, meats, cereals, etc. Carbohydrates, fat, protein, vitamins, and minerals are the essential nutrients required by infants for their healthy growth and development. Baby food and infant formula ingredients provide all these necessary nutrients.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The rising awareness among parents about the impact of right nutrition on the child’s overall growth is the primary factor driving the demand for infant formula and baby food ingredients globally. Nowadays, parents are shifting towards baby food and infant formula products to ensure the well-being of their infants as they are rich in proteins, vitamins, minerals, and carbohydrates. The growing number of working women is another major factor catalyzing market growth. Due to the increasing number of working women, not all mothers can breastfeed, making it important to give them the best alternative. This has increased the demand for infant formulas and thereby augmented the demand for ingredients. Furthermore, the continuous product development by the baby food and infant formula manufacturers such as lactose-free formulas, soy-based formulas, etc. is expected to further catalyze the baby food and infant formula ingredients market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global baby food and infant formula ingredients market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on ingredients.

Breakup by Ingredients:

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Lactose
Edible Oils
Maltodextrins
Whey Protein Concentrates
Glucose Syrup
Sucrose
Starch
Others

Breakup by Region:

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North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being AAK AB, Agrana Beteiligungs-AG, Archer Daniels Midland (ADM), Arla Food Ingredients Group, Cargill, Inc., Glanbia plc, Ingredion Inc., Roquette Frères, Tate & Lyle PLC and Lactalis.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	Kilo Tons
Segment Coverage	Ingredients, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	AAK AB, Agrana Beteiligungs-AG, Archer Daniels Midland (ADM), Arla Food Ingredients Group, Cargill, Inc., Glanbia plc, Ingredion Inc., Roquette Frères, Tate & Lyle PLC and Lactalis
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global baby food and infant formula ingredients market reached a volume of 4,270 Kilo Tons in 2022.

We expect the global baby food and infant formula ingredients market to exhibit a CAGR of 2.8% during 2023-2028.

The rising demand for baby food and infant formula ingredients-based products, as they aid in increasing the immunity, improving digestion, promoting brain and eye development, etc., is primarily driving the global baby food and infant formula ingredients market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of baby food and infant formula ingredients-based products.

Based on the ingredients, the global baby food and infant formula ingredients market can be segmented into lactose, edible oils, maltodextrins, whey protein concentrates, glucose syrup, sucrose, starch, and others. Currently, lactose holds the majority of the total market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global baby food and infant formula ingredients market include AAK AB, Agrana Beteiligungs-AG, Archer Daniels Midland (ADM), Arla Food Ingredients Group, Cargill, Inc., Glanbia plc, Ingredion Inc., Roquette Frères, Tate & Lyle PLC, and Lactalis.

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