Infant Formula Ingredients Market

Infant Formula Ingredients Market by Ingredient Type (Carbohydrates, Oils & Fats, Proteins, Vitamins, Minerals, Prebiotics), Application (Growing-up Milk, Standard Infant Formula, Follow-on Formula, Specialty), Form, Source, Region-Global Forecast to 2025

Report Code: FB 5452 Sep, 2019, by marketsandmarkets.com

[188 Pages Report] The infant formula ingredients market is estimated to be valued at USD 16.7 billion in 2019 and is projected to grow at a CAGR of 7.3% from 2019, to reach a value of USD 25.5 billion by 2025. Rise in the number of women joining workforce post giving birth, the inability of mothers to lactate, and parents seeking additional sources of nutrition for their babies are among the key factors expected to boost sales of infant formula ingredients in the years to come. Apart from this, infant formula ingredients manufacturers have invested in R&D, which is further expected to drive the growth of the infant formula ingredients industry in the years to come.

Infant Formula Ingredients Market

By source, the cow milk segment is projected to dominate the market during the forecast period.

Cow milk-based ingredients find widescale usage across Europe and North America regions owing to its acceptance as a cost-effective manufacturing process, and cow milk-based ingredients are available in bulk. Apart from this, most of the infant formula manufacturers use cow-based ingredients, including Nestlι S.A. (Switzerland), Abbott Laboratories (US), and Mead Johnson & Company, LLC (US).

By form, the powder segment is projected to dominate the market during the forecast period.

Infant formula ingredients are commonly used in the powdered form, owing to its ease of handling compared to liquid infant formula ingredients. Several types of infant formula ingredients such as carbohydrates, proteins, some fats, and prebiotics are commonly used in powdered form by infant formula manufacturers. Thus, high growth prospects lie ahead for powder infant formula manufacturers in the coming years, especially from the emerging countries.

Infant Formula Ingredients Market

Extensive R & D by companies operating in the infant formula market

Manufacturers involved in the infant formula ingredients market are consistently engaged in R&D to develop ingredients as per consumer’s expectations. In 2019, Nestlι (Switzerland), opened a new R&D center in Ireland. The company made an investment of USD 30.0 million for the same. The center will focus on developing products for infant nutrition. Arla Foods amba (Denmark), made an investment of USD 0.66 million for a project focusing on infant formula. The project investigated whether a diet with bioactive milk ingredients protects against gut inflammation which is of enormous relevance to improve infant formula. BASF (Germany) and GlycoSyn (US) formed a partnership with a focus on the area of infant nutrition. It involved the development and commercialization of human milk oligosaccharides (HMOs). In 2019, BASF launched its first HMO, PREBILAC 2’-FL for the infant nutrition market. Thus, the market is highly competitive, with a large number of key players involved. Most of these players are expanding their base in the market owing to its increased demand from various countries.

Key Market Players

The key players in global infant formula ingredients market include AAK AB (Sweden), Fonterra Co-operative Group Limited (New Zealand), Carbery Food Ingredients Limited (Ireland), Royal Friesland Campina N.V. (Netherlands), Sachsenmilch Leppersdorf GmbH (Germany), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Arla Foods amba (Denmark), Chr. Hansen Holdings A/S (Denmark), Kerry Group plc (Ireland), Lactalis Ingredients (France), Glanbia plc (Ireland), and Vitablend Nederland B.V. (Netherlands).

Scope of the report

Report Metric

Details

Market size available for years

2017-2025

Base year considered

2018

Forecast period

2019-2025

Forecast units

Value (USD Million) and Volume (KT)

Segments covered

Ingredient Type, Source, Form, and Application

Geographies covered

North America, Europe, Asia Pacific, and Rest of World (RoW)

Companies covered

AAK AB (Sweden), Fonterra Co-operative Group Limited (New Zealand), Carbery Food Ingredients Limited (Ireland), Royal Friesland Campina N.V. (Netherlands), Sachsenmilch Leppersdorf GmbH (Germany), BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Arla Foods amba (Denmark), Chr. Hansen Holdings A/S (Denmark), Kerry Group plc (Ireland), Lactalis Ingredients (France), Glanbia plc (Ireland), and Vitablend Nederland B.V. (Netherlands)

This research report categorizes the market based on ingredient type, source, form, application, and region.

Based on Type, the market has been segmented as follows:

  • Carbohydrates
  • Fats & Oils
  • Proteins
  • Vitamins
  • Minerals
  • Prebiotics
  • Others (Probiotics, Nucleotides, and Emulsifiers)

Based on the Source, the market has been segmented as follows

  • Cow Milk
  • Soy
  • Protein hydrolysates
  • Others (Goat milk and camel milk)

Based on Application, the market for infant formula ingredients has been segmented as follows

  • Growing-Up Milk (Infants over 12 months)
  • Standard Infant Formula (0–6-month-old infants)
  • Follow-On Formula (6–12 month-old infants)
  • Specialty Formula

Based on the Form, the market for infant formula ingredients has been segmented as follows:

  • Powder
  • Liquid & semi-liquid

Based on the Region, the market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW) (South America and the Middle East & Africa)

Key questions addressed by the report

  • What are the new application areas the infant formula ingredients companies are exploring?
  • Which are the key players in the infant formula ingredients market and how intense is the competition?
  • What kind of competitors and stakeholders, such as infant formula companies, would be interested in this market? What will be their go-to-market strategy, and which emerging market will be of significant interest? 
  • How are the current R&D activities and M&A’s in the infant formula ingredients market projected to create a disrupting environment in the coming years?
  • What will be the level of impact, on the revenues of stakeholders, of the benefits of infant formula ingredients to different stakeholders‒‒from rising revenue, environmental regulatory compliance, to sustainable profits for the suppliers?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Segmentation
           1.3.1 Regions Covered
           1.3.2 Periodization Considered
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions for the Study
    2.5 Limitations of the Study

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in the Infant Formula Ingredients Market
    4.2 Infant Formula Ingredients Market, By Region, 2019 vs 2025
    4.3 Infant Formula Ingredients Market, By Ingredient, 2019 vs 2025
    4.4 Infant Formula Ingredients Market, By Source, 2019 vs 2025
    4.5 Asia Pacific: Infant Formula Ingredients Market, By Application and Country, 2018
    4.6 Infant Formula Ingredients Market, By Form, 2019 vs 2025
    4.7 Infant Formula Ingredients Market, By Region, 2019 vs 2025

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Asia Pacific: A Key Revenue Generator in the Years to Come
                    5.2.1.2 Rise in the Infant Population
                    5.2.1.3 Extensive R&D By Companies Operating in the Infant Formula Ingredients Market
           5.2.2 Restraints
                    5.2.2.1 Strict Regulations for Infant Formulas in China
           5.2.3 Opportunities
                    5.2.3.1 Shift in Preference for Plant-Based Infant Formula Ingredients
                    5.2.3.2 Alternate Animal Milk Sources Coming Up in the Market
           5.2.4 Challenges
                    5.2.4.1 Cases of Contamination Found in Infant Formulas
    5.3 Value Chain Analysis

6 Infant Formula Ingredients Market, By Ingredient (Page No. - 47)
    6.1 Introduction
    6.2 Carbohydrates
           6.2.1 Lactose is the Preferred Carbohydrate Ingredient Used in Infant Formula
    6.3 Fats & Oils
           6.3.1 Fats & Oils are One of the Key Ingredients Required for the Growth of Infants
    6.4 Proteins
           6.4.1 Whey Proteins
           6.4.2 Casein Proteins
           6.4.3 Plant Proteins
    6.5 Vitamins
           6.5.1 Infant Formulas are Fortified With Vitamins to Match the Vitamin Content Found in Human Milk
    6.6 Minerals
           6.6.1 Minerals are Used in Infant Formulas to Provide Enhanced Nutrition to Infants
    6.7 Prebiotics
           6.7.1 Human Milk Oligosaccharides-Based Prebiotic Ingredients are Being Increasingly Used in Infant Formula
    6.8 Others
           6.8.1 Demand for Infant Formulas With Enhanced Nutritional Values is Growing

7 Infant Formula Ingredients Market, By Form (Page No. - 59)
    7.1 Introduction
    7.2 Powder
           7.2.1 Powder Form of Infant Formula Ingredients are the Most Convenient to Use
    7.3 Liquid & Semi-Liquid
           7.3.1 Liquid & Semi-Liquid Infant Formula Ingredients are Used in Making Liquid Concentrates and Ready-To-Feed Infant Formulas

8 Infant Formula Ingredients Market, By Source (Page No. - 64)
    8.1 Introduction
    8.2 Cow Milk
           8.2.1 Cow Milk-Based Ingredients are Widely Used in the Manufacturing of Infant Formulas
    8.3 Soy
           8.3.1 Soy-Based Ingredients are Preferred By Lactose Intolerant Infants
    8.4 Protein Hydrolysates
           8.4.1 Protein Hydrolysates are Used By Babies Who are Allergic to Proteins That are Found in Cow-Based Formulas
    8.5 Other Sources
           8.5.1 Demand for Goat Milk- and Camel Milk-Based Sources of Infant Formula Ingredients is Increasing

9 Infant Formula Ingredients Market, By Application (Page No. - 71)
    9.1 Introduction
    9.2 Growing-Up Milk
           9.2.1 Growing-Up Milk is the Most Commonly Used Application
    9.3 Standard Infant Formula
           9.3.1 Suitable for Low Birth Weight Infants and in Cases Where Mother’s Milk Cannot Be Fed
    9.4 Follow-On Formula
           9.4.1 Follow-On Formulas have Higher Concentration Levels of Phosphorus and Calcium
    9.5 Specialty Formula
           9.5.1 Suited for Premature Infants and Infants With Disorders Associated With Amino Acid Metabolism

10 Infant Formula Ingredients Market, By Region (Page No. - 79)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 Increased Demand From End-User Companies Such as Nestlι S.A. (Switzerland) and Danone S.A. (France)
             10.2.2 Canada
                        10.2.2.1 Demand for Organic Infant Formulas Expected to Play A Key Role
             10.2.3 Mexico
                        10.2.3.1 Rise in Income Levels Expected to Boost the Sales of Infant Formulas, and Ultimately, of Infant Formula Ingredients
     10.3 Asia Pacific
             10.3.1 China
                        10.3.1.1 Large Number of Infant Formula Ingredient Manufacturers are Exporting Their Products to China
             10.3.2 Japan
                        10.3.2.1 Liquid Infant Formulas are Gaining Popularity in Japan
             10.3.3 South Korea
                        10.3.3.1 South Korean Infant Formula Ingredients Market is Dominated By Domestic Manufacturers
             10.3.4 Australia & New Zealand
                        10.3.4.1 Infant Formula Ingredients Market in Australia & New Zealand is Driven By End-User Demand in China
             10.3.5 Vietnam
                        10.3.5.1 Human Milk Oligosaccharides-Based Ingredients are Being Preferred By Infant Formula Manufacturers
             10.3.6 Indonesia
                        10.3.6.1 Multinational Companies Such as Nestle and Danone are Dominating the Indonesian Infant Formula Market
             10.3.7 Rest of Asia Pacific
                        10.3.7.1 Favorable Export Market and Improving Economic Condition are Expected to Drive the Infant Formula Ingredients Market
     10.4 Europe
             10.4.1 UK
                        10.4.1.1 Rise in Demand From End-User Companies Such as Nestlι S.A. (Switzerland) and Danone S.A. (France)
             10.4.2 Germany
                        10.4.2.1 The Demand for Infant Formulas From China is Expected to Boost the Sales of Infant Formula Ingredients in the Coming Years
             10.4.3 France
                        10.4.3.1 Increase in Export Opportunities in China and Other Developing and Developed Countries at A Global Level
             10.4.4 Netherlands
                        10.4.4.1 Presence of Key Players Operating in the Infant Formula Ingredients Market Operating in the Country
             10.4.5 Turkey
                        10.4.5.1 Rise in Demand on the Domestic Front Expected to Create Lucrative Opportunities for Infant Formula Ingredient Manufacturers
             10.4.6 Rest of Europe
                        10.4.6.1 Countries in This Region are Expected to Be Key Revenue Generators in the Years to Come
     10.5 Rest of the World
             10.5.1 South America
                        10.5.1.1 Powdered Infant Formulas are Gaining Popularity Due to Their Ease of Use
             10.5.2 Middle East & Africa
                        10.5.2.1 Huge-Growth Potential for Organic Infant Formula Ingredients in the Middle East

11 Competitive Landscape (Page No. - 135)
     11.1 Overview
     11.2 Competitive Leadership Mapping (Overall Market)
             11.2.1 Terminology/Nomenclature
                        11.2.1.1 Visionary Leaders
                        11.2.1.2 Innovators
                        11.2.1.3 Dynamic Differentiators
                        11.2.1.4 Emerging Companies
     11.3 Strength of Product Portfolio
     11.4 Business Strategy Excellence
     11.5 Ranking of Key Players, 2018
     11.6 Competitive Scenario
             11.6.1 New Product Launches
             11.6.2 Expansions & Investments
             11.6.3 Mergers & Acquisitions
             11.6.4 Agreements, Joint Ventures, and Partnerships
     11.7 Competitive Leadership Mapping (Start-Ups/SMEs)
             11.7.1 Progressive Companies
             11.7.2 Emerging Companies
             11.7.3 Responsive Companies
             11.7.4 Dynamic Companies

12 Company Profiles (Page No. - 146)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Arla Foods Amba
     12.2 Vitablend Nederland B.V.
     12.3 Carbery Food Ingredients Limited
     12.4 Fonterra Co-Operative Group Limited
     12.5 Aarhuskarlshamn AB
     12.6 Royal Frieslandcampina N.V.
     12.7 Sachsenmilch Leppersdorf GmbH
     12.8 BASF SE
     12.9 Koninklijke DSM N.V.
     12.10 Chr. Hansen Holding A/S
     12.11 Glanbia PLC
     12.12 Kerry Group PLC

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 180)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (165 Tables)

Table 1 US Dollar Exchange Rates Considered, 2015–2018
Table 2 Infant Formula Ingredients Market Snapshot, 2019 vs 2025
Table 3 Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (USD Million)
Table 4 Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (KT)
Table 5 Carbohydrate Content in Infant Formula
Table 6 Infant Formula Ingredients Market Size for Carbohydrates, By Region, 2017–2025 (USD Million)
Table 7 Infant Formula Ingredients Market Size for Carbohydrates, By Region, 2017–2025 (KT)
Table 8 Infant Formula Ingredients Market Size for Fats & Oils, By Region, 2017–2025 (USD Million)
Table 9 Infant Formula Ingredients Market Size for Fats & Oils, By Region, 2017–2025 (KT)
Table 10 Infant Formula Ingredients Market Size for Proteins, By Region, 2017–2025 (USD Million)
Table 11 Infant Formula Ingredients Market Size for Proteins, By Region, 2017–2025 (KT)
Table 12 Infant Formula Ingredients Market Size for Proteins, By Subtype, 2017–2025 (USD Million)
Table 13 Infant Formula Ingredients Market Size for Proteins, By Subtype, 2017–2025 (KT)
Table 14 Infant Formula Ingredients Market Size for Vitamins, By Region, 2017–2025 (USD Million)
Table 15 Infant Formula Ingredients Market Size for Vitamins, By Region, 2017–2025 (KT)
Table 16 Infant Formula Ingredients Market Size for Minerals, By Region, 2017–2025 (USD Million)
Table 17 Infant Formula Ingredients Market Size for Minerals, By Region, 2017–2025 (KT)
Table 18 Infant Formula Ingredients Market Size for Prebiotics, By Region, 2017–2025 (USD Million)
Table 19 Infant Formula Ingredients Market Size for Prebiotics, By Region, 2017–2025 (KT)
Table 20 Infant Formula Ingredients Market Size for Other Types, By Region, 2017–2025 (USD Million)
Table 21 Infant Formula Ingredients Market Size for Other Types, By Region, 2017–2025 (KT)
Table 22 Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Billion)
Table 23 Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 24 Infant Formula Ingredients Market Size for the Powder Form, By Region, 2017–2025 (USD Million)
Table 25 Infant Formula Ingredients Market Size for the Powder Form, By Region, 2017–2025 (KT)
Table 26 Infant Formula Ingredients Market Size for the Liquid & Semi-Liquid Form, By Region, 2017–2025 (USD Million)
Table 27 Infant Formula Ingredients Market Size for the Liquid & Semi-Liquid Form, By Region, 2017–2025 (KT)
Table 28 Infant Formula Ingredients Market Size, By Source, 2017–2025 (USD Million)
Table 29 Infant Formula Ingredients Market Size, By Source, 2017–2025 (KT)
Table 30 Infant Formula Ingredients Market Size for Cow Milk, By Region, 2017–2025 (USD Million)
Table 31 Infant Formula Ingredients Market Size for Cow Milk, By Region, 2017–2025 (KT)
Table 32 Infant Formula Ingredients Market Size for Soy, By Region, 2017–2025 (USD Million)
Table 33 Infant Formula Ingredients Market Size for Soy, By Region, 2017–2025 (KT)
Table 34 Infant Formula Ingredients Market Size for Protein Hydrolysates, By Region, 2017–2025 (USD Million)
Table 35 Infant Formula Ingredients Market Size for Protein Hydrolysates, By Region, 2017–2025 (KT)
Table 36 Infant Formula Ingredients Market Size for Other Sources, By Region, 2017–2025 (USD Million)
Table 37 Infant Formula Ingredients Market Size for Other Sources, By Region, 2017–2025 (KT)
Table 38 Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Billion)
Table 39 Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 40 Infant Formula Ingredients Market Size for Growing-Up Milk, By Region, 2017–2025 (USD Million)
Table 41 Infant Formula Ingredients Market Size for Growing-Up Milk, By Region, 2017–2025 (KT)
Table 42 Infant Formula Ingredients Market Size for Standard Infant Formula, By Region, 2017–2025 (USD Million)
Table 43 Infant Formula Ingredients Market Size for Standard Infant Formula, By Region, 2017–2025 (KT)
Table 44 Infant Formula Ingredients Market Size for Follow-On Formula, By Region, 2017–2025 (USD Million)
Table 45 Infant Formula Ingredients Market Size for Follow-On Formula, By Region, 2017–2025 (KT)
Table 46 Infant Formula Ingredients Market Size for Specialty Formula, By Region, 2017–2025 (USD Million)
Table 47 Infant Formula Ingredients Market Size for Specialty Formula, By Region, 2017–2025 (KT)
Table 48 Infant Formula Ingredients Market Size, By Region, 2017–2025 (USD Billion)
Table 49 Infant Formula Ingredients Market Size, By Region, 2017–2025 (KT)
Table 50 North America: Infant Formula Ingredients Market Size, By Country, 2017–2025 (USD Million)
Table 51 North America: Infant Formula Ingredients Market Size, By Country, 2017–2025 (KT)
Table 52 North America: Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (USD Million)
Table 53 North America: Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (KT)
Table 54 North America: Infant Formula Ingredients Market Size, By Source, 2017–2025 (USD Million)
Table 55 North America: Infant Formula Ingredients Market Size, By Source, 2017–2025 (KT)
Table 56 North America: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 57 North America: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 58 North America: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 59 North America: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 60 US: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 61 US: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 62 US: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 63 US: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 64 Canada: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 65 Canada: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 66 Canada: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 67 Canada: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 68 Mexico: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 69 Mexico: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 70 Mexico: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 71 Mexico: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 72 Asia Pacific: Infant Formula Ingredients Market Size, By Country/Region, 2017–2025 (USD Million)
Table 73 Asia Pacific: Infant Formula Ingredients Market Size, By Country/Region, 2017–2025 (KT)
Table 74 Asia Pacific: Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (USD Million)
Table 75 Asia Pacific: Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (KT)
Table 76 Asia Pacific: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 77 Asia Pacific: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 78 Asia Pacific: Infant Formula Ingredients Market Size, By Source, 2017–2025 (USD Million)
Table 79 Asia Pacific: Infant Formula Ingredients Market Size, By Source, 2017–2025 (KT)
Table 80 Asia Pacific: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 81 Asia Pacific: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 82 China: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 83 China: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 84 China: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 85 China: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 86 Japan: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 87 Japan: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 88 Japan: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 89 Japan: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 90 South Korea: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 91 South Korea: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 92 South Korea: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 93 South Korea: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 94 Australia & New Zealand: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 95 Australia & New Zealand: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 96 Australia & New Zealand: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 97 Australia & New Zealand: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 98 Vietnam: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 99 Vietnam: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 100 Vietnam: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 101 Vietnam: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 102 Indonesia: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 103 Indonesia: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 104 Indonesia: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 105 Indonesia: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 106 Rest of Asia Pacific: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 107 Rest of Asia Pacific: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 108 Rest of Asia Pacific: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 109 Rest of Asia Pacific: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 110 Europe: Infant Formula Ingredients Market Size, By Country, 2017–2025 (USD Million)
Table 111 Europe: Infant Formula Ingredients Market Size, By Country, 2017–2025 (KT)
Table 112 Europe: Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (USD Million)
Table 113 Europe: Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (KT)
Table 114 Europe: Infant Formula Ingredients Market Size, By Source, 2017–2025 (USD Million)
Table 115 Europe: Infant Formula Ingredients Market Size, By Source, 2017–2025 (KT)
Table 116 Europe: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 117 Europe: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 118 Europe: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 119 Europe: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 120 UK: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 121 UK: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 122 UK: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 123 UK: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 124 Germany: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 125 Germany: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 126 Germany: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 127 Germany: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 128 France: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 129 France: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 130 France: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 131 France: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 132 Netherlands: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 133 Netherlands: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 134 Netherlands: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 135 Netherlands: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 136 Turkey: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 137 Turkey: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 138 Turkey: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 139 Turkey: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 140 Rest of Europe: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 141 Rest of Europe: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 142 Rest of Europe: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 143 Rest of Europe: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 144 RoW: Infant Formula Ingredients Market Size, By Region, 2017–2025 (USD Million)
Table 145 RoW: Infant Formula Ingredients Market Size, By Region, 2017–2025 (KT)
Table 146 RoW: Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (USD Million)
Table 147 RoW: Infant Formula Ingredients Market Size, By Ingredient, 2017–2025 (KT)
Table 148 RoW: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 149 RoW: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 150 RoW: Infant Formula Ingredients Market Size, By Source, 2017–2025 (USD Million)
Table 151 RoW: Infant Formula Ingredients Market Size, By Source, 2017–2025 (KT)
Table 152 RoW: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 153 RoW: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 154 South America: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 155 South America: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 156 South America: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 157 South America: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 158 Middle East & Africa: Infant Formula Ingredients Market Size, By Application, 2017–2025 (USD Million)
Table 159 Middle East & Africa: Infant Formula Ingredients Market Size, By Application, 2017–2025 (KT)
Table 160 Middle East & Africa: Infant Formula Ingredients Market Size, By Form, 2017–2025 (USD Million)
Table 161 Middle East & Africa: Infant Formula Ingredients Market Size, By Form, 2017–2025 (KT)
Table 162 New Product Launches
Table 163 Expansions & Investments
Table 164 Mergers & Acquisitions
Table 165 Agreements, Joint Ventures, and Partnerships


List of Figures (41 Figures)

Figure 1 Infant Formula Ingredients Market: Research Design
Figure 2 Data Triangulation Methodology
Figure 3 Infant Formula Ingredients Market Size, By Ingredient, 2019 vs 2025 (USD Million)
Figure 4 Infant Formula Ingredients Market Size, By Source, 2019 vs 2025 (USD Million)
Figure 5 Infant Formula Ingredients Market Size, By Form, 2019 vs 2025 (USD Million)
Figure 6 Infant Formula Ingredients Market Share & Growth (Value), By Region
Figure 7 Infant Formula Ingredients: an Emerging Market With Promising Growth Potential
Figure 8 Asia Pacific is Projected to Dominate the Infant Formula Ingredients Market From 2019 to 2025
Figure 9 The Fats & Oils Segment is Projected to Account for the Largest Share From 2019 to 2025
Figure 10 The Cow Milk Segment is Projected to Account for the Largest Share From 2019 to 2025
Figure 11 The Growing-Up Milk Segment Accounted for the Largest Share of the Asia Pacific Infant Formula Ingredients Market in 2018
Figure 12 The Powder Segment is Estimated to Dominate the Infant Formula Ingredients Market in 2019
Figure 13 China, Turkey, and Japan are Projected to Grow at High CAGRs During the Forecast Period, in Terms of Value
Figure 14 Infant Formula Consumption, By Region, 2015
Figure 15 Infant Formula Ingredients Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Infant Formula Imports By China, By Country of Origin, 2016
Figure 17 Value Chain Analysis of Infant Formula Ingredients: Major Value is Added During the Manufacturing Stage
Figure 18 Infant Formula Ingredients Market, By Ingredient, 2019 vs 2025 (USD Million)
Figure 19 Infant Formula Ingredients Market Size, By Form, 2019 vs 2025 (USD Billion)
Figure 20 Infant Formula Ingredients Market Size, By Source, 2019 vs 2025 (USD Million)
Figure 21 Infant Formula Ingredients Market Size, By Application, 2019 vs 2025 (USD Billion)
Figure 22 Geographic Snapshot (2019–2025): Rapidly Growing Markets in Asia Pacific Emerging as the New Hotspots
Figure 23 Asia Pacific is Projected to Dominate the Global Infant Formula Ingredients Market By 2025
Figure 24 North America: Infant Formula Ingredients Market Snapshot
Figure 25 Asia Pacific: Infant Formula Ingredients Market Snapshot
Figure 26 Europe: Infant Formula Ingredients Market Snapshot
Figure 27 Key Developments of the Leading Players in the Infant Formula Ingredients Market, 2014–2019
Figure 28 Infant Formula Ingredients – Large Players: Competitive Leadership Mapping, 2018
Figure 29 BASF SE Led the Infant Formula Ingredients Market in Terms of Rank in 2018
Figure 30 Market Evaluation Framework, 2017–2019
Figure 31 Infant Formula Ingredients – Start-Ups/SMEs: Competitive Leadership Mapping, 2018
Figure 32 Arla Foods Amba: Company Snapshot
Figure 33 Carbery Food Ingredients Limited: Company Snapshot
Figure 34 Fonterra Co-Operative Group Limited: Company Snapshot
Figure 35 Aarhuskarlshamn AB: Company Snapshot
Figure 36 Royal Frieslandcampina N.V.: Company Snapshot
Figure 37 BASF SE: Company Snapshot
Figure 38 Koninklijke DSM N.V.: Company Snapshot
Figure 39 Chr. Hansen Holding A/S: Company Snapshot
Figure 40 Glanbia PLC: Company Snapshot
Figure 41 Kerry Group PLC: Company Snapshot

The study involves four major activities to estimate the current market size for infant formula ingredients. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. These findings, assumptions, and market size were validated with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, food safety organizations, regulatory bodies, trade directories, and databases.

Primary Research

The infant formula ingredients market comprises several stakeholders such as manufacturers of infant formula ingredients, suppliers of raw materials, manufacturers of infant formula ingredients, Infant Nutrition Council (INC), International Special Dietary Foods Industries (ISDI), government & research organizations, and industry bodies. The demand-side of this market is characterized by the rising demand for from various end-use industries such as automotive, aerospace & defense, electrical & electronics, industrial machinery, medical device, and construction. The supply-side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.  

Following is the breakdown of the primary respondents:

Infant Formula Ingredients Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the infant formula ingredients market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary respondents

Data Triangulation

After arriving at the overall market size—using the market size estimation processes, as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, segment, and project the global market size for the infant formula ingredients market
  • To understand the structure of the infant formula ingredients market by identifying its various subsegments
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micro-markets, with respect to individual growth trends, future prospects, and their contribution to the total infant formula ingredients market
  • To project the size of the market and its submarkets, in terms of value and volume, with respect to the regions (along with their respective key countries)
  • To profile the key players and comprehensively analyze their core competencies
  • To understand the competitive landscape and identify the major growth strategies adopted by the players across key regions
  • To analyze the competitive developments such as expansions & investments, mergers & acquisitions, new product launches, partnerships, joint ventures, and agreements

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports as per client-specific requirements. The available customization options are as follows:

Regional Analysis

  • Further breakdown of the Rest of Asia Pacific infant formula ingredients market, by country
  • Further breakdown of other Rest of Europe infant formula ingredients market, by country
  • Further breakdown of other Rest of the World infant formula ingredients market, by country

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
Report Code
FB 5452
Published ON
Sep, 2019
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