Market Leaders - Infant Formula Ingredients Market
The global infant formula ingredients market is estimated to be valued at USD 16.7 billion in 2019. It is projected to reach USD 25.5 billion by 2025, recording a CAGR of 7.3% during the forecast period. Fats & oils are the key ingredients required for the growth of infants, as they aid in a wide range of metabolic and physiological functions critical to the development, growth, and health of infants. A mixture of vegetable oils is the most widely used fat source in infant formulas. Due to such advantages, the demand for infant formula ingredients is projected to increase between 2019 and 2025. AarhusKarlshamn AB (AAK), a Sweden-based company, has the entire infant formula ingredients portfolio of fats & oils, derived from plant-based sources such as sunflower, coconut, and rapeseed.
The key players in this market include Arla Foods amba (Denmark), Royal FrieslandCampina N.V. (Netherlands), BASF SE (Germany), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), and Glanbia Plc (Ireland)
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Arla Foods amba is a cooperative headquartered in Denmark, and one of the largest dairy producers in Scandinavia. It is the result of a merger between Swedish dairy cooperative, Arla, and MD Foods (Denmark). The company amba is focusing on enhancing its market presence in North America by adopting partnerships as a strategy. Arla Foods entered into a strategic partnership with Dairy Farmers of America, the world’s largest farmer-owned cooperative. This partnership would include a new dairy plant for the production of protein-based products and the exploration of premium product opportunities. It also expands the company’s base in the US market. As part of its commercial opportunities, the company has encouraged farmers to produce milk using non-genetically modified feed. This will help the company to reduce its manufacturing cost for developing infant formula ingredients. Product development has also helped the company to expand in the European market.
Carbery Food Ingredients Limited is a major player in the food ingredient, flavor, and cheese industries. The group functions through three business divisions—nutrition, dairy, and taste. Infant formula ingredients made of whey protein, under the Optipep brand, are offered to customers through the nutrition division. R&D has been a key focus area for the company alongside capacity expansion. With its plant in Thailand, the company has expanded its presence in the infant formula ingredients market in the fast-growing APAC market. Apart from this, its presence in 50 countries across the world has led to a robust supply chain network. Whey protein isolates and concentrates manufactured by the company are used as ingredients for infant formula. The company supplies Kosher and Halal whey proteins for both dry and wet mix processes, used as ingredients for infant formula. It can look at the development of organic and sustainable ingredients to further expand its position in the market.
Fonterra Co-operative Group Limited is one of the leading players in the dairy nutrition industry. It is a co-operative consisting of 10,500 farmers, which has expertise in the dairy industry. The company has 3 segments, namely, ingredients, food service, and consumer. Of this, ingredients is the largest segment for the company which looks into infant formula ingredients. Fonterra Co-operative Group Ltd. is highly focused on securing the best return for its farmer shareholders. The company is also focusing on strengthening its R&D capabilities to meet the increasing demand for infant ingredients and dairy proteins. Fonterra Group constantly strategizes to expand its business and production capacity around the globe, especially in the emerging and big markets of the Asia Pacific region such as China and India. The company has also entered into some important and futuristic partnership and strategic alliances to strengthen its presence worldwide.
Related Reports:
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
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