According to the latest report by IMARC Group, titled “Baby Food and Infant Formula Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the global baby food and infant formula ingredients market is expected to exhibiting a CAGR of 3% during 2022-2027. Baby food and infant formula refers to food products specially produced for babies. Infant formula serves as a replacement for breast milk as it contains all essential nutrients, such as docosahexaenoic acid (DHA), lutein, lactose, purified whey, casein, and vitamin E. On the other hand, baby food items are a combination of soft , mashed fruits, vegetables, vegetable oil, meats, and cereals. These ingredients aid in increasing immunity, improving digestion, promoting brain and eye development, and providing optimum nourishment to the baby.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
Global Baby Food and Infant Formula Ingredients Market Trends:
Increasing parental concerns regarding the health and nutritional requirements of children representing the key factor driving the global baby food and infant formula ingredients market growth. The product demand is further being escalating by the rising number of working parents, which is led by rapid urbanization and increasing spending capacities, particularly in developing countries. Additionally, leading players are continuously investing in research and development (R&D) activities to develop innovative product variants with improved taste, such as lactose-free and soy-based formulas, which are positively influencing the market growth. Apart from this, the rising establishment of efficient online retail channels is catalyzing the market growth.
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Global Baby Food and Infant Formula Ingredients Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Player:
- AAK AB
- Agrana Beteiligungs-AG
- Archer Daniels Midland (ADM)
- Arla Food Ingredients Group
- Cargill, Inc.
- Glanbia plc
- Ingredion Inc.
- Roquette Freres
- Tate & Lyle PLC
Breakup by Ingredients:
- Edible Oils
- Whey Protein Concentrates
- Glucose Syrup
Market Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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