Global Infant Formula Ingredients Growth Opportunities

Global Infant Formula Ingredients Growth Opportunities

New Product Development Driven by the Need to Mimic Breast Milk Profile to Propel Growth Opportunities in the Infant Formula Ingredients Space

RELEASE DATE
04-Jun-2021
REGION
Global
Research Code: K5A2-01-00-00-00
SKU: FN00044-GL-MT_25484

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Description

As per the U.S. Food, Drug, and Cosmetic Act (FFDCA), infant formula is defined as "a food which purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk.” Due to regulation and marketing purposes, infant formula is segmented into different stages to cater to different age groups. The types of infant formulas based on the age group include: stage-1 or standard infant formula, designed for infants below six months of age; stage-2 or follow-up formula designed for infants between 6 months and 1 year of age; and toddler or growing-up milk for children above 1 year of age.

Globally, stage-1 and stage 2/follow-up formulas are highly regulated, with most authorities advising against marketing of infant formulas to boost breastfeeding. With increasing food safety concerns, authorities are taking a more stringent stance on the regulatory framework to ensure infant safety. Changing regulatory standards, especially across China and Europe, are expected to have a significant mid-to-long term impact on the infant formula ingredients market.

The demand for high-quality infant formula products that can closely mimic the breast milk composition is expected to remain a key innovation driver. Further, clean-label and organic formula products are expected to create an opportunity for organic, non-GM ingredients. Fats and oils, and proteins are key macro ingredient segments holding a majority of market share in 2020. With the demand for plant-based infant formulas expanding, the opportunity across non-allergenic, non-GMO plant protein ingredients is expected to expand. On the other hand, the demand for specialized fats is expected to be key a growth driver across the fat and oil segment. Prebiotics, for example, Human Milk Oligosaccharides (HMO), and probiotics are expected to witness strong growth during the forecast period. The need to create product differentiation to cater to changing consumer demand is driving ingredient innovation. Further, the demand for premium infant formula products, especially in China, is boosting the adoption of highly specialized ingredients, such as HMOs and probiotics.

In terms of volume demand, APAC, including China, held a majority of the market share in 2020, closely followed by Europe, which remained one of the top exporters of infant formula in 2020. China, New Zealand, and Southeast Asian countries together are expected to drive a majority of growth during the forecast period. Europe and North America are expected to be more mature markets in terms of ingredient demand; however, there is a higher adoption potential for more innovative ingredients in these two regions. Growth in Latin America, the Middle East, and Africa is expected to remain strong, with Latin America likely to offer strong growth opportunities.

Broadly, for most of the ingredients, the growing-up/toddler milk category is estimated to hold a majority of share in 2020, primarily due to its sheer volume. However, specialized formulas (e.g., hypoallergenic formulas) are expected to drive the majority of growth during the forecast period. In terms of the competitive environment, market leaders differ by ingredient segments; however, the overall infant formula ingredient market seems to be dominated by global manufacturers. Consolidation is ongoing across the value chain, with companies aiming to move up the supply chain through both organic and inorganic growth strategies. Prebiotics, probiotics, omega oils, and specialized fats are some key sectors holding high innovation potential and growth opportunity for competitors during the forecast period.

Author: Smriti Sharma

Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top-three Strategic Imperatives on the Infant Formula Ingredients Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Infant Formula Ingredient Market—Scope of Analysis

Infant Formula Ingredient Market—Glossary of Abbreviations

Infant Formula Ingredient Market—Glossary of Abbreviations (continued)

Infant Formula Ingredient Market—Glossary of Abbreviations (continued)

Infant Formula Ingredients Market—Executive Summary

Infant Formula Ingredients Market—Executive Summary (continued)

Key Questions this Study will Answer

Infant Formula Ingredients Market—Segmentation

Infant Formula Ingredients Market—Definitions

Infant Formula Ingredients Market—Definitions (continued)

Infant Formula Ingredients Market—Definitions (continued)

Infant Formula Ingredients Market—Definitions (continued)

Infant Formula Ingredients Market—Definitions (continued)

Key Competitors in the Infant Formula Ingredients Market

Key Competitors in the Infant Formula Ingredients Market (continued)

Key Growth Metrics for the Infant Formula Ingredients Market

Value Chain Analysis for the Infant Formula Ingredients Market

Growth Drivers for the Infant Formula Ingredients Market

Growth Driver Analysis for the Infant Formula Ingredients Market

Growth Driver Analysis for the Infant Formula Ingredients Market (continued)

Growth Driver Analysis for the Infant Formula Ingredients Market (continued)

Growth Driver Analysis for the Infant Formula Ingredients Market (continued)

Growth Driver Analysis for the Infant Formula Ingredients Market (continued)

Growth Restraints for the Infant Formula Ingredients Market

Growth Restraint Analysis for the Infant Formula Ingredients Market

Growth Restraint Analysis for the Infant Formula Ingredients Market (continued)

Growth Restraint Analysis for the Infant Formula Ingredients Market (continued)

Regulatory Landscape—Infant Formula Ingredients Market, NA

Regulatory Landscape—Infant Formula Ingredients Market, Europe

Regulatory Landscape—Infant Formula Ingredients Market, APAC

Regulatory Landscape—Infant Formula Ingredients Market, LAMEA

Forecast Assumptions—Infant Formula Ingredients Market

Forecast Assumptions—Infant Formula Ingredients Market (continued)

Revenue Forecast—Infant Formula Ingredients Market

Unit Shipment Forecast—Infant Formula Ingredients Market

Revenue Forecast by Region—Infant Formula Ingredients Market

Unit Shipment Forecast by Region—Infant Formula Ingredients Market

Revenue & Unit Shipment Forecast Analysis by Region—Infant Formula Ingredients Market

Revenue & Unit Shipment Forecast Analysis by Region—Infant Formula Ingredients Market (continued)

Revenue Unit Shipment Forecast Analysis by Region—Infant Formula Ingredients Market (continued)

Revenue Forecast by Product Type—Infant Formula Ingredients Market

Unit Shipment Forecast by Product Type—Infant Formula Ingredients Market

Revenue & Unit Shipment Forecast Analysis by Product Type—Infant Formula Ingredients Market

Pricing Trends and Forecast Analysis—Infant Formula Ingredients Market

Competitive Environment—Infant Formula Ingredients Market

Competitive Landscape—Infant Formula Ingredients Market

Competitive Landscape—Infant Formula Ingredients Market (continued)

Competitive Landscape—Infant Formula Ingredients Market (continued)

Competitive Landscape—Infant Formula Ingredients Market (continued)

Competitive Landscape—Product Mapping: Infant Formula Ingredients Market

Competitive Landscape—Product Mapping: Infant Formula Ingredients Market (continued)

Competitive Landscape—Product Mapping, Infant Formula Ingredients Market (continued)

Competitive Landscape—Product Mapping: Infant Formula Ingredients Market (continued)

Competitive Landscape—Product Mapping: Infant Formula Ingredients Market (continued)

Key Growth Metrics for the Protein Market

Protein—Overview

Protein—Overview (continued)

Protein—Overview (continued)

Protein—Overview (continued)

Revenue Forecast—Protein Market

Unit Shipment Forecast—Protein Market

Revenue Forecast by Region—Protein Market

Unit Shipment Forecast by Region—Protein Market

Revenue Forecast by Product Type—Protein Market

Unit Shipment Forecast by Product Type—Protein Market

Percent Unit Shipment Forecast by Application Type—Protein Market

Revenue and Unit Shipment Forecast Analysis by Product Type— Protein

Revenue and Unit Shipment Forecast Analysis by Product Type— Protein (continued)

Percent Unit Shipment Forecast Analysis by Application Type—Protein

Key Market Activities of Manufacturers—Protein

Key Growth Metrics for the Carbohydrate Market

Carbohydrate—Overview

Carbohydrate—Overview (continued)

Revenue Forecast—Carbohydrate Market

Unit Shipment Forecast—Carbohydrate Market

Revenue Forecast by Region—Carbohydrate Market

Unit Shipment Forecast by Region—Carbohydrate Market

Revenue Forecast by Product Type—Carbohydrate Market

Unit Shipment Forecast by Product Type—Carbohydrate Market

Percent Unit Shipment Forecast by Application Type—Carbohydrate Market

Revenue and Unit Shipment Forecast Analysis by Product Type— Carbohydrate

Percent Unit Shipment Forecast Analysis by Application Type— Carbohydrate

Percent Unit Shipment Forecast Analysis by Application Type— Carbohydrate (continued)

Market Activity of Key Manufacturers—Carbohydrates

Key Growth Metrics for the Fat and Oil Market

Fat and Oil—Long-chain Polyunsaturated Fatty Acids (LC-PUFA): Overview

Fat and Oil—Long-chain Polyunsaturated Fatty Acids (LC-PUFA): Overview (continued)

Fat and Oil—Other Fat and Oil: Overview

Fat and Oil—Other Fat and Oil: Overview (continued)

Fat and Oil—Other Fat and Oil: Overview (continued)

Revenue Forecast—Fat and Oil Market

Unit Shipment Forecast—Fat and Oil Market

Revenue Forecast by Region—Fat and Oil Market

Unit Shipment Forecast by Region—Fat and Oil Market

Revenue Forecast by Product Type—Fat and Oil Market

Unit Shipment Forecast by Product Type—Fat and Oil Market

Percent Unit Shipment Forecast by Application Type—Fat and Oil Market

Revenue and Unit Shipment Forecast Analysis by Product Type—Fat and Oil

Percent Unit Shipment Forecast Analysis by Application Type—Fats and Oil

Market Activities of Key Manufacturers—Fat and Oil

Key Growth Metrics for Prebiotics Market

Prebiotics—Prebiotic Oligosaccharides (OS): Overview

Prebiotics—Human Milk Oligosaccharides: Overview

Prebiotics—Human Milk Oligosaccharides: Overview (continued)

Revenue Forecast—Prebiotics Market

Unit Shipment Forecast—Prebiotics Market

Revenue Forecast by Region—Prebiotics Market

Unit Shipment Forecast by Region—Prebiotics Market

Revenue Forecast by Product Type—Prebiotics Market

Unit Shipment Forecast by Product Type—Prebiotics Market

Percent Unit Shipment Forecast by Application Type—Prebiotics Market

Revenue and Unit Shipment Forecast Analysis by Product Type— Prebiotics Market

Percent Unit Shipment Forecast Analysis by Application Type— Prebiotics Market

Product Launches by Key Manufacturers—Prebiotics Market

Market Activities of Key Manufacturers—Prebiotics Market

Key Growth Metrics for the Vitamin and Mineral Market

Vitamin and Mineral—Overview

Vitamin and Minerals—Overview (continued)

Revenue Forecast—Vitamin and Mineral Market

Unit Shipment Forecast—Vitamin and Mineral Market

Revenue Forecast by Region—Vitamin and Mineral Market

Unit Shipment Forecast by Region—Vitamin and Mineral Market

Revenue Forecast by Product Type—Vitamin and Mineral Market

Unit Shipment Forecast by Product Type—Vitamin and Mineral Market

Percent Unit Shipment Forecast by Application Type—Vitamin and Mineral Market

Revenue and Unit Shipment Forecast Analysis by Product Type—Vitamin and Mineral Market

Percent Unit Shipment Forecast Analysis by Application Type—Vitamin and Mineral Market

Percent Unit Shipment Forecast Analysis by Application Type—Vitamin and Mineral Market (continued)

Key Growth Metrics for the Other Ingredients Market

Other Ingredients Market—Overview

Other Ingredients Market—Overview (continued)

Revenue Forecast—Other Ingredients Market

Revenue Forecast by Region—Other Ingredients Market

Revenue Forecast by Product Type—Other Ingredients Market

Percent Revenue Forecast by Application Type—Other Ingredients Market

Revenue Forecast Analysis by Product Type—Other Ingredients Market

Revenue Forecast Analysis by Application Type—Other Ingredients Market

Product and Technology Updates—Probiotics

Product and Technology Updates—Probiotics (continued)

Growth Opportunity 1: Portfolio Expansion Offering Functional Ingredients That Enable Products Closer to Breast Milk, 2020

Growth Opportunity 1: Portfolio Expansion Offering Functional Ingredients That Enable Products Closer to Breast Milk, 2020 (continued)

Growth Opportunity 2: Offering High-quality, Non-GMO, Organic Ingredients to Cater to Changing Consumer Demand, 2020

Growth Opportunity 2: Offering High-quality, Non-GMO, Organic Ingredients to Cater to Changing Consumer Demand, 2020 (continued)

Growth Opportunity 3: Innovation Across Functional Ingredients to Cater to the Growing Demand for Specialty Formulas, 2020

Growth Opportunity 3: Innovation Across Functional Ingredients to Cater to the Growing Demand for Specialty Formulas, 2020 (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Related Research
As per the U.S. Food, Drug, and Cosmetic Act (FFDCA), infant formula is defined as a food which purports to be or is represented for special dietary use solely as a food for infants by reason of its simulation of human milk or its suitability as a complete or partial substitute for human milk.” Due to regulation and marketing purposes, infant formula is segmented into different stages to cater to different age groups. The types of infant formulas based on the age group include: stage-1 or standard infant formula, designed for infants below six months of age; stage-2 or follow-up formula designed for infants between 6 months and 1 year of age; and toddler or growing-up milk for children above 1 year of age. Globally, stage-1 and stage 2/follow-up formulas are highly regulated, with most authorities advising against marketing of infant formulas to boost breastfeeding. With increasing food safety concerns, authorities are taking a more stringent stance on the regulatory framework to ensure infant safety. Changing regulatory standards, especially across China and Europe, are expected to have a significant mid-to-long term impact on the infant formula ingredients market. The demand for high-quality infant formula products that can closely mimic the breast milk composition is expected to remain a key innovation driver. Further, clean-label and organic formula products are expected to create an opportunity for organic, non-GM ingredients. Fats and oils, and proteins are key macro ingredient segments holding a majority of market share in 2020. With the demand for plant-based infant formulas expanding, the opportunity across non-allergenic, non-GMO plant protein ingredients is expected to expand. On the other hand, the demand for specialized fats is expected to be key a growth driver across the fat and oil segment. Prebiotics, for example, Human Milk Oligosaccharides (HMO), and probiotics are expected to witness strong growth during the forecast period. The need to create product differentiation to cater to changing consumer demand is driving ingredient innovation. Further, the demand for premium infant formula products, especially in China, is boosting the adoption of highly specialized ingredients, such as HMOs and probiotics. In terms of volume demand, APAC, including China, held a majority of the market share in 2020, closely followed by Europe, which remained one of the top exporters of infant formula in 2020. China, New Zealand, and Southeast Asian countries together are expected to drive a majority of growth during the forecast period. Europe and North America are expected to be more mature markets in terms of ingredient demand; however, there is a higher adoption potential for more innovative ingredients in these two regions. Growth in Latin America, the Middle East, and Africa is expected to remain strong, with Latin America likely to offer strong growth opportunities. Broadly, for most of the ingredients, the growing-up/toddler milk category is estimated to hold a majority of share in 2020, primarily due to its sheer volume. However, specialized formulas (e.g., hypoallergenic formulas) are expected to drive the majority of growth during the forecast period. In terms of the competitive environment, market leaders differ by ingredient segments; however, the overall infant formula ingredient market seems to be dominated by global manufacturers. Consolidation is ongoing across the value chain, with companies aiming to move up the supply chain through both organic and inorganic growth strategies. Prebiotics, probiotics, omega oils, and specialized fats are some key sectors holding high innovation potential and growth opportunity for competitors during the forecast period. Author: Smriti Sharma
More Information
No Index No
Podcast No
Author Smriti Sharma
Industries Agriculture and Nutrition
WIP Number K5A2-01-00-00-00
Is Prebook No
GPS Codes 9104-A2,9595