Research Nester released a report titled “Infant Formula Ingredients Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the global infant formula ingredients market in terms of market segmentation by source, by ingredient type, by form, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
The components of the infant formula are used in the manufacturing of food for nursing infants whose age is under one year. Nowadays, the adoption of infant formula ingredients has risen among parents intending to provide required nutrition and supplements for their infants. The infant formula ingredients make it very convenient for the family to provide the child with vital nutrients necessary to maintain a healthy body. The ingredients of the infant formula are FDA approved and provide a solid foundation for building strong baby health. The expansion of the infant formula ingredients market is driven by these elements. Mounting awareness among working mothers about infant formula ingredients and high availability of them are some of the other factors which drive the growth for the infant formula ingredients. The infant formula ingredients market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028.
Based on region, the infant formula ingredients market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific is anticipated to hold the largest share on account of high demand for Infant formula ingredients owing to many working-class economies present in the region.
Surge In Women Joining Workforce After Childbirth To Boost The Growth For Infant Formula Ingredients Market
In populated countries with rising working population, there is tremendous potential for infant formula ingredients, changing lifestyles including a preference for efficient feeding and rising demand for nutritious baby food are also expected to be main market drivers. According to the U.S. Bureau of Labor Statistics, in the United States, 61.9% of all mothers with children under the age of three were in the labor force in 2018. Such factors have put a strain on mothers, to ensure the care of their infants and the acceptance of the infant formula ingredients by mothers has increased.
This report also provides the existing competitive scenario of some of the key players of the global infant formula ingredients market which includes company profiling of Conagen, Inc., Fonterra Co-operative Group Limited (NZE: FCG), Carbery Food Ingredients Limited, Royal Friesland Campina N.V., Sachsenmilch Leppersdorf GmbH, Arla Foods amba, Hansen Holdings (CPH: CHR), Kerry Group plc (LON: KYGA), and Lactalis Ingredients. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global infant formula ingredients market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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