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- global baby food and infant formula ingredients market
Global Baby Food and Infant Formula Ingredients Market to Grow at 2.6% During 2024-2032, Strengthened by Rising Parental Concerns
July 13, 2021
| Food & Beverages
According to the latest report by IMARC Group, titled "Baby Food and Infant Formula Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global baby food and infant formula ingredients market is expected to grow at a CAGR of 2.6% during 2024-2032. Baby food and infant formula refers to food products specially produced for babies. Infant formula serves as a replacement for breast milk as it contains all essential nutrients, such as docosahexaenoic acid (DHA), lutein, lactose, purified whey, casein, and vitamin E. On the other hand, baby food items are a combination of soft, mashed fruits, vegetables, vegetable oil, meats, and cereals. These ingredients aid in increasing the immunity, improving digestion, promoting brain and eye development, and providing optimum nourishment to the baby.
Global Baby Food and Infant Formula Ingredients Market Trends:
Increasing parental concerns regarding the health and nutritional requirements of children represent the key factor driving the global baby food and infant formula ingredients market growth. The product demand is further being escalating by the rising number of working parents, which is led by rapid urbanization and increasing spending capacities, particularly in developing countries. Additionally, leading players are continuously investing in research and development (R&D) activities to develop innovative product variants with improved taste, such as lactose-free and soy-based formulas, which is positively influencing the market growth. Apart from this, the rising establishment of efficient online retail channels is catalyzing the market growth.
Market Summary:
- Based on the ingredients, the market has been classified into lactose, edible oils, maltodextrins, whey protein concentrates, glucose syrup, sucrose, starch, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- 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 Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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