PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1359573
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1359573
Infant formula ingredients market size is expected to record 8.5% CAGR from 2023 to 2032 driven by the rising awareness among parents about the importance of infant nutrition. With the increasing number of working parents, there is a growing demand for convenient and nutritionally balanced infant formula options. Additionally, a surge in disposable income levels in emerging economies has resulted in higher spending on premium infant formula products, further fueling market growth.
The advancements in infant formula ingredients, including innovations in protein sources and processing techniques, are enhancing the nutritional content and safety of infant formula products, boosting consumer confidence. For instance, in May 2023, Arla Food Ingredients launched a new infant formula ingredient rich in alpha-lactalbumin. This is expected to meet the rising need for low-protein formulations, as high protein contents are said to drive weight gain in infants. Such product developments are expected to influence market growth in the coming years.
Infant formula ingredients market is divided based on type, source, distribution channel, and region.
The vitamins & minerals type segment is expected to generate substantial revenues through 2032 as they are essential for the healthy growth and development of infants. Key vitamins such as vitamin A, D, E, and K are integral components of infant formula. They support bone health, vision development, and overall immune function. As parents become more conscious of their child's well-being, the demand for infant formulas fortified with these vitamins is on the rise. Market players are continuously innovating to provide vitamin-enriched infant formula options that meet the evolving nutritional requirements of infants.
The plant-based segment is predicted to witness significant growth through 2032. Plant-based ingredients, such as soy, rice, and oat, are gaining popularity among parents who prefer vegan or vegetarian options for their infants. These ingredients offer a sustainable and ethical choice, addressing concerns about environmental impact and animal welfare. The increased investments in R&D to create plant-based infant formulas that provide adequate nutrition and maintain the high-quality standards expected by parents, will stimulate the segment growth.
Asia Pacific infant formula ingredients industry is predicted to generate lucrative opportunities through 2032 due to rapid urbanization, increasing birth rates, and rising disposable incomes in countries like China, India, and Southeast Asian nations. The growing awareness about infant nutrition and the adoption of Western dietary patterns in the APAC countries are contributing to the increased demand for infant formula products. As a result, manufacturers are focusing on expanding their presence and production facilities in the Asia Pacific region to cater to this growing market.