Infant Formula Oil and Fat Ingredients Market to Witness Robust Expansion by 2028

The global infant formula oil and fat ingredients market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028). Infant formula belongs to the category of manufactured foods that is similar to human milk and is aimed to feed babies up to 1 year of age. It has safely been used to partially or completely replace breastfeeding, wherein oil and fat are the key ingredients used in this formula. The market growth is majorly attributable to the growing need to fulfill the different nutritional needs of infants in case where mother's milk could not be fed. As a matter of fact, the proper selection of infant formula ingredients can support in preventing infant health hazards and some cases, even mortality. Other key factor that drives the growth of the market include the growing number of working female population in middle-class families.

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This surges the need for a substitute that serves the nutritional needs of infants. This clearly includes the nutrition in the form of vitamin D, iron, and calcium. Further, as a part of a balanced diet for babies of 12 months and above age group, infant formula oil and fat ingredients are alleged to have major health benefits. Right from building strong immunity to keeping the bone density intact, all these benefits offered by the infant formula oil and fat ingredients are anticipated to spur the market growth all over the globe.

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Market Coverage

• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment covered-
o By Type
o By Application
• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

Competitive Landscape: AAK, Bunge Loders Croklaan, and Danisco/DuPont, among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Infant Formula Oil and Fat Ingredients Market Report by Segment

By Type

• OPO Fat
• Others

By Application

• 0-6 Months Baby
• 6-12 Months Baby
• 12-36 Months Baby

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This release was published on openPR.