Infant Formula Ingredients Market Size, Share, Growth Analysis, By Source(Cow Milk, Protein Hydrolysates, and Others), By Application(Standard Infant Formula, Growing-up Milk, Specialty Formula, and Follow-on Formula), By Region - Industry Forecast 2024-2031

Infant Formula Ingredients Market size was valued at USD 59.68 Billion in 2021 and is poised to grow from USD 65.23 Billion in 2022 to USD 132.87 Billion by 2030, at a CAGR of 9.3% during the forecast period (2023-2030).

The infant formula ingredients market features a competitive landscape with several key players offering a diverse range of ingredients catering to the specific nutritional needs of infants. These companies invest heavily in research and development to develop innovative and safe infant formula ingredients that closely mimic the composition of breast milk. The competitive landscape is characterised by a focus on product differentiation, quality, and adherence to stringent regulatory standards to ensure infant formula safety and nutritional adequacy. As the market continues to grow, companies are also forming strategic partnerships and collaborations to expand their market presence and leverage each other's expertise in ingredient development and sourcing. Moreover, with the increasing emphasis on sustainable and eco-friendly practices, companies are incorporating sustainable sourcing methods and environmentally friendly manufacturing processes to address the growing demand for organic and clean-label infant formula ingredients. 'Arla Foods - Denmark', 'FrieslandCampina - Netherlands', 'Fonterra Co-operative Group Limited - New Zealand', 'Glanbia plc - Ireland', 'Kerry Group - Ireland', 'BASF SE - Germany', 'Chr. Hansen Holding A/S - Denmark', 'DSM Nutritional Products AG - Switzerland', 'AAK AB - Sweden', 'Carbery Group - Ireland', 'Sachsenmilch Leppersdorf GmbH - Germany', 'Lactalis Ingredients - France', 'Danone - France', 'Abbott Laboratories - USA', 'Mead Johnson Nutrition - USA', 'Nestlé S.A. - Switzerland', 'Reckitt Benckiser Group plc - UK', 'Perrigo Nutritionals - USA', 'Royal FrieslandCampina N.V. - Netherlands', 'Nature's One, Inc. - USA'

Allergen-Free Ingredients: Infant formula ingredients that are free from common allergens, such as soy, gluten, and dairy, gained attention among parents and caregivers. Ingredients suitable for infants with allergies or sensitivities were in high demand, leading to increased research in this area.

Asia Pacific emerges as the dominant segment in the infant formula ingredients market. Asia Pacific's dominance can be attributed to the region's large population, rapid urbanisation, and increasing disposable incomes. The growing middle-class population in countries like China and India has resulted in higher demand for infant formula products, driving the need for quality infant formula ingredients. Additionally, government initiatives promoting child nutrition and the rising awareness of the importance of infant health have further fueled the market's growth in the region.