Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 247 Million | USD 439 Million | 7.45% | 2022 |
The global infant nutritional premixes market size was evaluated at $247 million in 2022 and is slated to hit $439 million by the end of 2030 with a CAGR of nearly 7.45% between 2023 and 2030.
Infant nutritional premix comprises proteins, minerals, amino acids, and vitamins along with other functional constituents. They are the key components for effectual physical & intellectual growth of the infants. This product provides nutrition to infants and promotes postnatal growth in the children. The product is a blend of the most vital nutrients in appropriate proportions and is utilized for reducing mortality & morbidity in infants. The requirement for feeding high nutritional food premix to infants as well as babies will enhance the product's popularity. Moreover, the infant nutritional premix consists of diverse nutritive items.
Escalating demand for products from working parents owing to hectic work schedules to embellish the global market surge by 2030
The growth of the global infant nutritional premixes market over the forecast timespan is due to the growing demand for infant nutritional premixes by working parents. In addition to this, the product is prepared in less time and contains a mix of key nutrients required for healthy and proportionate growth in infants & babies. It is used for feeding babies who cannot be breastfed as they contain iron, arachidonic acid, vitamin D, and docosahexaenoic acid. All these aforementioned aspects are likely to steer the expansion of the global market.
Furthermore, the large-scale awareness about the intake of fortified infant nutrition diet along with its exceptional preparations will embellish the growth of the infant nutritional premixes market in the upcoming years. Apparently, new product innovations and the inclusion of botanicals, probiotics, and organic constituents in infant nutritional premixes will aid the growth of the global market in the upcoming years. A surge in the demand for healthy diets and the need for convenience diets will spur the expansion of the market across the globe in the forthcoming years. Establishing new production units with a view to expanding production capacity is likely to benefit the growth of the market globally in the forthcoming years. For instance, in the first half of 2021, Royal DSM N.V., a key player in the health & nutrition domain, established a new production unit in Poland to increase the production of infant nutritional premixes. The move will boost the global market expansion in the coming years.
Strict laws governing the production of infant nutritional premixes can impede the global industry surge over the forecast timeline
Strict rules regulating the manufacture of infant nutritional premixes are likely to retard the expansion of the global infant nutritional premixes industry. Moreover, conventional breastfeeding is strongly inculcated in some cultures which has prevented parents opt for infant formula adoption, thereby impeding the growth of the industry across the globe.
Escalating demand for enhancing the nutritive value of baby foods to create new growth dimensions for the global market in forecasting years
The growing need for high nutrition in baby food and the need for infant food in babies who are not breastfeeding will open new growth avenues for the global infant nutritional premixes market. The strong performance of infant nutrition premix in developing countries along with the easy availability of premium products in emerging economies will scale up the expansion of the market across the globe. The rise in the focus of the players on providing plant-based baby food solutions is projected to steer the growth of the global market.
Low access to raw components used in the manufacture of products can challenge the global market growth by 2030
Less availability of the raw materials used for manufacturing products owing to supply chain disruptions as a result of global conflicts has created a huge challenge for the global infant nutritional premixes industry growth. Furthermore, the rise in the import as well as export duties on the product as well as the high costs of raw components used for producing infant nutritional premixes can further obstruct the growth of the industry across the globe.
The global infant nutritional premixes market is sectored into product type, form, application, and region.
In terms of product type, the infant nutritional premixes market across the globe is segregated into nucleotide premixes, mineral premixes, nutraceutical premixes, vitamin premixes, amino acid premixes, and fiber premixes segments. Furthermore, the vitamin premixes segment, which acquired nearly 50% of the global market proceeds in 2022, is projected to record the highest CAGR over the forecast timeframe. Moreover, the segmental expansion over the coming eight years can be a result of growing awareness among parents towards a wholesome diet for their children.
Based on the form, the global infant nutritional premixes industry is divided into liquid and powder segments. Moreover, the liquid segment, which led the form segment in 2022, is expected to lead the segmental surge during the projected timeline. The growth of the segment over the projected period can be ascribed to humungous demand for infant nutritional premixes in the liquid form.
Based on the application, the infant nutritional premixes market globally is sectored into bone health, immunity, vision, digestion, and other segments. Furthermore, the bone health segment, which dominated the global market size in 2022, is anticipated to boost the global market surge by 2030. The growth of the segment in the next few years can be owing to a prominent surge in the demand for infant nutritional premixes for improving the bone health of infants.
Report Attributes | Report Details |
---|---|
Report Name | Infant Nutritional Premixes Market |
Market Size in 2022 | USD 247 Million |
Market Forecast in 2030 | USD 439 Million |
Growth Rate | CAGR of 7.45% |
Number of Pages | 205 |
Key Companies Covered | BASF SE, Glanbia PLC, Watson Inc., Jubilant Life Sciences, Lycored Limited, Koninklijke DSM N.V., Barentz International B.V., Hexagon Nutrition Private Limited, SternVitamin GmbH & Co. AG, Farbest Brands, Fenchem Biotek Limited, Prinova Groups LLC, Vitablend Nederland B.V., ADM Corporation, Vaneeghan International B.V., and others. |
Segments Covered | By Form, By Product Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is projected to set a strong grip on the global infant nutritional premixes market in the coming decade
North America, which accounted for nearly 39% of the global infant nutritional premixes market share in 2022, will be the leading region in the coming eight years. Moreover, the regional market elevation over the forecast timespan can be attributed to a rise in the consumption of ready-to-eat diets. Furthermore, changing lifestyles along with the hectic work schedule of parents has led to massive demand for the product in the region. Apart from this, the growing need for a high proportion of nutrition in the product will steer the regional market trends.
Asia-Pacific infant nutritional premixes industry is set to register the highest gains in the forecast timeframe. The growth of the industry in the Asia-Pacific zone over the forecast timeline can be subject to the presence of key participants in countries such as India and China. Moreover, a prominent surge in the awareness on a healthy diet and demand for a convenience diet is anticipated to embellish the growth of the industry in the APAC zone.
The global infant nutritional premixes market profiles key players such as:
By Form
By Product Type
By Application
FrequentlyAsked Questions
Infant nutritional premix comprises of proteins, minerals, amino acids, and vitamins along with other functional constituents. They are the key components for effectual physical & intellectual growth of the infants.
The global infant nutritional premixes market growth over forecast period can be owing to the large-scale awareness about the intake of fortified infant nutrition diet along with its exceptional preparations.
According to a study, the global infant nutritional premixes industry size was $247 million in 2022 and is projected to reach $439 million by the end of 2030.
The global infant nutritional premixes market is anticipated to record a CAGR of nearly 7.45% from 2023 to 2030.
Asia-Pacific is set to dominate the global infant nutritional premixes industry over the forecasting timeline owing to presence of key participants in the countries such as India and China. Moreover, a prominent surge in the awareness on healthy diet and demand for convenience diet is anticipated to embellish the growth of the industry in the APAC zone.
The global infant nutritional premixes market is led by players such as BASF SE, Glanbia PLC, Watson Inc., Jubilant Life Sciences, Lycored Limited, Koninklijke DSM N.V., Barentz International B..V., Hexagon Nutrition Private Limited, SternVitamin GmbH & Co. AG, Farbest Brands, Fenchem Biotek Limited, Prinova Groups LLC, Vitablend Nederland B.V., ADM Corporation, and Vaneeghan International B.V.
The global infant nutritional premixes market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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