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Global Infant Formula Ingredients Market 2024 Share, Industry Size, Latest Trends And Forecast To 2033 | Major Players Are Arla Foods AMBA, Fonterra Co-Operative Group Limited, Royal FrieslandCampina NV, DuPont de Nemours Inc
Infant Formula Ingredients Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the infant formula ingredients industry. This report on infant formula ingredients market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The infant formula ingredients market size has grown strongly in recent years. It will grow from $21.47 billion in 2023 to $23.41 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increased awareness of infant nutrition and health, rise in global birth rates and population growth, growth in urbanization and busy lifestyles of parents, improved distribution channels and access to infant nutrition, regulatory standards and guidelines for infant formula production.
The infant formula ingredients market size is expected to see strong growth in the next few years. It will grow to $33.01 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to demand for organic and clean label infant formula ingredients, expansion of e-commerce platforms for infant nutrition products, rising disposable income and affordability of premium formulas, adoption of plant-based and alternative protein sources, emerging markets and growing middle-class population. Major trends in the forecast period include human milk oligosaccharides (HMOs), probotics and prebiotics for gut health, non-GMO and organic ingredients, omega-3 fatty acids (DHA and EPA), personalized and customized formulas.
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Key Market Players:
Arla Foods AMBA, Fonterra Co-Operative Group Limited, Royal FrieslandCampina NV, DuPont de Nemours Inc., Sachsenmilch Leppersdorf GmbH, AAK AB, Carbery Food Ingredients Limited, Kerry Group PLC, BASF SE
Market Drivers:
According to the Infant Formula Ingredients Market Report 2024 by The Business Research Company, The rise in birth rates by industries is expected to propel the infant formula ingredients market going forward. Birth rates refer to the number of live births in a year. It is often used to assess the population growth and demographic trends of a region or country. Infant formula ingredients are essential for regions with increasing birth rates to ensure optimal nutrition for the growing number of newborns. For instance, in May 2022, according to the Centers for Disease Control and Prevention, a US-based national public health agency, the provisional number of births in the United States for 2021 was 3,659,289, which is a 1% increase from 2020. Therefore, the rise in birth rates is driving the infant formula ingredients market.
More information about the Global Infant Formula Ingredients Market Report -
https://www.thebusinessresearchcompany.com/report/infant-formula-ingredients-global-market-report
Market segments for template include:
1) By Ingredients Type: Carbohydrates, Oil And Fats, Protein, Vitamin, Minerals, Prebiotics
2) By Form: Powder, Liquid, Semi Liquid
3) By Application: Growing Milk, Standard Infant, Follow On Formula, Specialty Formula
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Browse More Reports:
Lactose-Free Infant Formula Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/lactose-free-infant-formula-global-market-report
Baby Food Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/baby-food-global-market-report
Oat Milk Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/oat-milk-global-market-report
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