Sales Of Amino Acid-Based Formula Are Projected To Increase At A CAGR Of 7.4% During 2021 - 2031

As per industry research on the amino acid formula market by Fact.MR, a market research and competitive intelligence provider, the global market is anticipated to be valued at US$ 801 Mn in 2021, and expand at a healthy CAGR of 7.4% over the forecast period (2021-2031).
To overcome child health issues due to the intake of cow and goat milk, baby formula has caught increased attention. Having known the benefits of amino acid formula, mothers have started to bank upon it in order to provide the best health scenario for their children. Working women with a busy schedule is the prime factor behind growing adoption of infant milk formula. Moreover, to keep remain fit, in developed countries, a number of young mothers widely choose infant milk formula over breastfeeding.
The formula comes in two different forms, - powdered and ready-to-feed formula. Ready-to-feed formula is more convenient but expensive; however it used more than the powdered form.
The amino acid formula market is anticipated to create an absolute dollar opportunity of over US$ 562 Mn over the decade.

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Key Takeaways from Market Study

• The global amino acid formula market is anticipated to add 1.7X value by 2031
• Growing-up milk formula captures nearly 45% of the global market, and is set to create an opportunity over US$ 265 Mn over the next ten years
• One of the fastest-growing segments in the is the 4-7 age group, and the segment is anticipated to expand at a CAGR 7.8% over the forecast period
• East Asia holds a leading share in the global amino acid formula market, of which, China accounts for the most demand, followed by South Korea.
• First age milk formula holds over 20% of the overall market in terms revenue.

"Specialty infant milk formula is emerging at a specular rate and is anticipated to hold a significant market share," says a Fact.MR analyst.

Amino Acid-Based Formula Industry Research Key Segments

By Product Type
• Follow-on Milk Formula
• Specialty Infant Milk Formula
• Growing-Up Milk Formula
• Others

By Type
• Lactose Amino Acid-Based Formula
• Lactose-Free Amino Acid-Based Formula

By Point of Sale
• Prescription-Based Sales of Amino Acid-Based Formula
• Over-the-Counter (OTC) Sale of Amino Acid-Based Formula

By Age Group
• Amino Acid-Based Formula for 0-3 Months
• Amino Acid-Based Formula for 4-7 Months
• Amino Acid-Based Formula for 8-12 Months
• Amino Acid-Based Formula for 12 Months & Above

By Sales Channel
• Offline Sales of Amino Acid-Based Formula
• Super and Hyper Markets
• Specialty Outlets
• Pharmacy Stores
• Others
• Online Sales of Amino Acid-Based Formula
• Direct Sales
• Third Party E-Commerce Sales

Category-wise Analysis

Why is Ready-to-Feed Formula Demand So High?

Ready-to-feed formula is gaining attention across the globe. This is because of the busy lifestyle of people. Mostly in developed countries, women are engaged with scheduled work, which doesn't allow them to spend more time with their family.
Hence, the culture of breastfeeding is reducing to a great extent due to the busy lifestyle of women mostly in countries such as the U.S., South Korea, and Singapore. As a substitute for breast milk, cow milk and goat milk have been chosen by parents globally. But growing allergic problems such as lactose intolerance due to milk drives the requirement for amino acid solutions.
Historically, from 2016-2020, ready-to-feed formula increased at a CAGR 3.2%, considering the global trend of busy lifestyle.

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Will Growing-up Milk Formula Drive Most Market Expansion?

Growing-up milk formula is mostly preferred among all types of milk formula consumed across the globe. This formula held over 45% of the global market share in 2020.
Countries such as China, the U.S., India, and GCC countries are the largest growing-up milk formula consumers globally. Over 25% is consumed by China itself. Other Asian countries such as South Korea and Japan are also portraying significant demand for growing-up milk formula.
Increasing concerns regarding child health along with growing disposable income has made people shift toward imported growing-up milk formula for the best health benefits to their children.

Competitive landscape

The report reveals that top manufacturers of Amino acid formula include Neocate, Abbott, Ausnutria, Nestle, Mead Johnson, and Aptamil.
Key amino acid-based formula brands are focusing on increasing their market share in the Asia Pacific and European markets through joint ventures and entering into strategic partnerships with regional players and investment groups.
On the other hand, regional market players are focusing on forging long-term relationships with prominent distributor and pharmaceutical companies to sustain continuous revenue flow. In addition, global and domestic manufacturers are focusing on adopting an alternative way of selling, such as online channels, to gain more coverage in the marketplace.

Key Market Players:
• Nestle
• Abbott
• Mead Johnson
• Nutricia
• Ausnutria
• Aptamil

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Report Summary

The study offers comprehensive analysis on diverse features, including grade-wise pricing, revenue growth and list of consumers with consumption quantity, trade analysis, product enhancements, and revenue generation from amino acid based formula across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account revenue through amino acid based formula during the forecast period.

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