The global baby food and infant formula ingredients market reached a volume of 3.97 Million Tons in 2020. 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.
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. Looking forward, the global baby food and infant formula ingredients market is expected to exhibit a CAGR of 3.8% during 2021-2026.
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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and ingredients.
Breakup by Ingredients:
Breakup by Region:
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.
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