Analysis of Potential Impact of COVID-19 on Infant formula ingredients Market
Infant formula ingredients are used for infants from birth to 12 months of age, and generally recognized as safe and most products available to consumers are based on cow’s milk. Infant formulas usually contain functional ingredients. Key ofthem comprise long-chain polyunsaturated fatty acids, prebiotics, nucleotides, and probiotics. Producers in the infant formula ingredients market are modifying lactose content, percentage of probiotics, rice starch, and hydrolyzed proteins for diversifying their product portfolio. Usually, medical professional usually closely monitor infant formula ingredients. Formulations that meet the various clinical conditions of infants are also driving new products launches in the market. Some of the aspects that they tend to address are gastrointestinal disorders, allergy, lack of fat metabolism, and renal insufficiency. They usually help in the normal physical growth of the baby and provides sufficient protein component substitutes of good biological quality.
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Growing demand for prebiotics and specific milk protein fractions for a rising population is a key factor underpinning the steady evolution of the market. The dynamics of the infant formula ingredients market is expected to be characterized by high degree of regulation. For instance, all major components such as lipids, carbohydrates, and protein should have minimum-maximum range for effectiveness. Another key requirement is that the range of nutrient should remain intact throughout the shelf-life of infant formula ingredients. In the U.S., such regulations for approval of infant formula ingredients have been the combine effort of the WHO and the Food and Drug Administration (FDA). In the coming years, specialized formulas are expected to gain increased traction among the players. It is important to assess clinical manifestations of cow milk allergy for a better formulation.
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Global Infant Formula Ingredients Market: Overview
Breast milk is known as the best source of formula for almost all infants. Apart from somatic growth, breast milk has numerous other benefits, along with modulation of brain development, immune ontogeny, and postnatal intestinal function. Though breastfeeding is highly advised, it may not be feasible always. Infant formula is an industrially produced alternative for breat milk. Infant formula ingredients try to include all the formula composition of breast milk as much as possible. There are various number of substitutes to cow milk-based formula also present.
The report by Transparency Market Research (TMR) aims to enlighten on the rapid growth and prospects of the global infant formula ingredients market in detail. The report also concentrates on vendor landscape in the market by factoring in weaknesses and strengths of prominent participants.
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Global Infant Formula Ingredients Market: Drivers & Restraints
As specified by the Federal Food, Drug, and Cosmetic Act (FFDCA) of the U.S. infant formula ingredients are those that claim to be or stand for special dietary application only as a food for newborns owing to its deception of breast milk or its suitability as an alternative for breast milk.
Infant formula ingredients are produced for nourishing babies and infants usually within the age of 12 months, and are prepared from liquid or powder. They help along in development and healthy growth of infants, protect them from allergies, enhance cognitive performance and development, and improve gastrointestinal immunity and health.
The global infant formula ingredients market has observed noteworthy growth in the past. The growth occurred due to possible health benefits offered by infant formula ingredients. Some of the health benefits are such as reduced risk of cardiovascular diseases, lower cholesterol levels, healthy bone growth, better digestive health, and rise in demand for lactose and milk minerals. Moreover, increase in demand for infant formula ingredients, mainly from the food-processing industry drives demand for infant formula ingredients.
Global Infant Formula Ingredients Market: Competitive Landscape
The global infant formula ingredients market is highly competitive and fragmented. The leading players have used numerous approaches like new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some of the major players in the global infant formula ingredients market include, AAK AB (Sweden), Fonterra Co-operative Group Limited (New Zealand), Carbery Food Ingredients Limited (Ireland), Royal Friesland Campina N.V. (Netherlands), and Sachsenmilch Leppersdorf GmbH (Germany).
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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