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Rising Demand For Infant Nutrition Fueling The Market Growth Due To Increasing Health Awareness And Malnutrition Prevention: Powering Innovation and Expansion in the Iron Fortified Infant Formula Market by 2025
Iron Fortified Infant Formula Market
What Is the Expected CAGR for the Iron Fortified Infant Formula Market Through 2025?
In recent times, the market size of iron fortified infant formula has seen a significant escalation. It is pledged to augment from a value of $2.3 billion in 2024 to approximately $2.45 billion in 2025, with an impressive compound annual growth rate (CAGR) of 6.6%. This growth during the preceding period is credited to the mounting occurrence of iron deficiency anemia, a surge in cognizance of infant nutrition, growth in urbanization and working mothers, an increase in retail outreach in emerging areas, and elevating government initiatives towards child health.
What's the Projected Size of the Global Iron Fortified Infant Formula Market by 2029?
The market for iron-enriched infant formulas is poised for robust growth in the coming years, with an expected value of $3.15 billion in 2029, which corresponds to a compound annual growth rate (CAGR) of 6.4%. This projected growth can be credited to factors such as increasing focus on nutritious diets for young children, rising disposable income in emerging economies, a growing inclination towards fortified baby goods, heightened parental anxiety about infant health, and a burgeoning demand for superior infant nutrition. In the forecast period, the industry is likely to see trends such as tech improvements in formula composition, breakthroughs in iron coating techniques, the creation of organic and clean-label formulas, strategic investments in research and development, and progress in solutions for digestive tolerance.
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Top Growth Drivers in the Iron Fortified Infant Formula Industry: What's Accelerating the Market?
The surge in infant nutrition requirements is expected to fuel the expansion of the iron-fortified infant formula market. Infant nutrition aims to provide appropriate nutrients to newborns and children aged up to two years in order to foster healthy physical growth, cognitive development, immune function, and overall wellness. The heightened demand for infant nutrition stems chiefly from an increased parental awareness of the significance of proper early childhood nutrition in fostering healthy growth and development. Iron-fortified infant formula plays a crucial role in infant nutrition, providing vital nutrients that support robust growth and development, particularly when breastfeeding is not possible or insufficient. For example, in 2023, a report by United Nations International Children's Emergency Fund, a humanitarian aid organization based in the US, stated that UNICEF delivered nearly 480 million vitamin A capsules to 71 countries. This allowed more than 320 million children to receive two doses of Vitamin A Supplementation (VAS), marking a 26% increase from the roughly 252 million children catered to in 2021. As a result, the growing demand for infant nutrition boosts the expansion of the iron-fortified infant formula market.
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What Trends Will Shape the Iron Fortified Infant Formula Market Through 2029 and Beyond?
Leading organizations in the iron-enriched infant formula industry are concentrating efforts on product innovation, including the creation of powder blends, to boost nutrient uptake and enhance infants' health. These powder blends - evenly distributed mixtures of powdered ingredients - play a crucial role in iron-enriched infant formulas by ensuring a balanced dispersal of iron and other essential nutrients, thereby improving stability, absorption, and maintaining a consistent nutritional value for each serving. In July 2023, France-based food corporation Danone S.A. unveiled a dairy and plant powder blend for infants under Danone's brand. The blend combines 60% dairy protein derived from whey and cassein with 40% non-GMO soy protein. This groundbreaking formula is a response to the growing popularity of plant-based products, and is designed to provide complete nutritional support to young children. The product is fortified with key micronutrients such as iron, zinc, folates, along with vitamins A, B6, B12, C and D, to assist immune system functionality. It caters to parents' increasing inclination towards plant-based diets for their children, while ensuring that the essential nutrients for infant and toddler growth are not compromised.
What Are the Main Segments in the Iron Fortified Infant Formula Market?
The iron fortified infant formula market covered in this report is segmented -
1) By Product Type: Powdered Iron-Fortified Infant Formula, Liquid Concentrates, Ready-To-Use Liquids
2) By Feeding Method: Breastfeeding Supplement, Exclusive Formula Feeding, Combination Feeding
3) By Packaging Type: Tin Cans, Plastic Containers, Pouches, Single-Serve Sachets
4) By Age Group: Newborn, Infants (1-6 Months), Crawlers (6-12 Months), Toddlers (12+ Months)
5) By Distribution Channel: Online Retail, Super markets Or Hyper markets, Pharmacies, Specialty Stores
Subsegments:
1) By Powdered Iron-Fortified Infant Formula: Cow Milk-Based Powder, Soy-Based Powder, Specialty Powder, Organic Powder
2) By Liquid Concentrates: Cow Milk-Based Concentrate, Soy-Based Concentrate, Specialty Concentrate, Organic Concentrate
3) By Ready-To-Use Liquids: Cow Milk-Based Ready-To-Use, Soy-Based Ready-To-Use, Specialty Ready-To-Use, Organic Ready-To-Use
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Which Top Companies are Driving Growth in the Iron Fortified Infant Formula Market?
Major companies operating in the iron fortified infant formula market are Nestle S.A., Abbott Nutrition Manufacturing Inc., Groupe Danone, FrieslandCampina, Meiji Holdings Co. Ltd., Perrigo Company plc, Morinaga Milk Industry Co. Ltd., The a2 Milk Company, HiPP GmbH & Co. Vertrieb KG, Wockhardt Ltd., Synutra International Inc., ByHeart, Bubs Australia Limited, Bellamy's Organic, Bobbie Baby Inc., Arla Foods amba, Kendamil, Holle Baby Food GmbH, Beingmate Baby & Child Food Co. Ltd., Hero AG.
Which Regions Will Dominate the Iron Fortified Infant Formula Market Through 2029?
North America was the largest region in the iron fortified infant formula market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iron fortified infant formula market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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