[350 Pages Report] According to Future Market Insights (FMI), The Global Infant Nutritional Premix Market size was estimated at USD 235 million in 2021 and expected to reach USD 370 million in 2032, at 4%.
| Attribute | Details |
|---|---|
| Market Size Value in 2022 | USD 235 Million |
| Market Forecast Value in 2032 | USD 370 Million |
| Global Growth Rate (2022 to 2032) | 4.0% |
| Forecast Period | 2022 to 2032 |
| Market Share of India in South Asia | ~25% |
Over the projection period, demand for infant nutritional premix is expected to increase significantly. The increased need for convenient and nutritious infant food has resulted from the fast migration of working women in urban areas.
Consumer awareness of the possible health benefits of infant food has prompted them to consider these items as a viable alternative to nursing. By the end of 2032, the global market is expected to have grown by about twofold, reaching a value of USD 370 million.
Premix is a mixture in which all of the essential nutrient components are blended in the proper proportions. Infants require the optimal intake of vitamins and minerals to ensure effective postnatal growth and to decrease newborn morbidity and death. As a result, to meet their nutritional needs, newborns are fed a high-nutrient food premix. Infant nutrition is a broad category that encompasses a wide range of infant nourishment items for babies and infants.
Because of the rising knowledge about the benefits of newborn nutritional premixes produced with organic ingredients, vitamins, probiotics, and amino acids, they are becoming more widely used around the world.
Increased demand for infant nutritional premixes manufactured with purified protein, growing investment by key players to develop high-quality infant nutritional premixes, and a rise in innovations in infant nutritional premixes are the factors that are expected to drive the growth of the Infant Nutritional Premix Market from 2022 to 2032
| Particulars | Details |
|---|---|
| H1 2021 | 4.0% |
| H1 2022 Projected | 4.0% |
| H1 2022 Expected | 4.4% |
| BPS Change | - 44 ↓ |
FMI presents a half-yearly comparison analysis and review of the market growth rates and further development prospects in the global market. The market is predominantly influenced by certain demographic and innovation factors under the subjective impact of macro and industry factors.
Some new developments that have taken place in these markets include:
The global market for Infant Nutritional Premix has witnessed H1 2021 growth at a magnitude of 4.0%. However, this growth is not evenly spread across all regions, with the developing markets recording higher growth rates of 4.4%. Thus, leaving a gap of -44 BPS points between expected and projected growth during H1 2022.
Key reasons for this change in growth rate are attributed to slow/rapid uptake of the market during the first half of the forecast period owing to improving end-user demand in key economies and their booming populations.
In particular, China and India are both seeing an increase in their consumption pattern, resulting in increased demand for the Infant Nutritional Premix market. Additionally, many other market segments are expected to perform fairly and attain promising growth prospects in the next half of the projection period.
Despite these positive prospects, there are some likely challenges that stay ahead for the industry including a shift in consumer preferences, stringent trade barriers, and a low degree of security in raw material supply, and other manufacturing inputs.
Because of the increased demand from health-conscious customers, significant firms around the world are working on advancements in medical food, particularly infant nutritional premixes.
One of the primary factors driving the growth of the Newborn Nutritional Premix Market is the increase in innovations in infant nutritional premixes with the addition of nucleotides, organic components, and probiotics.
Because of the growing knowledge of the benefits of fortified infant products, customers all over the world are increasingly turning to personalized premixes manufactured with pure protein. The leading companies throughout the world are also concentrating on producing customised mineral and vitamin premixes, which is driving the Infant Nutritional Premix Market even faster.
Over the forecast period, the United States will control over 36% of the global market, owing to the presence of important market players and a high consumption rate of baby nutritional products.
The cost of an infant automobile in the United States has risen dramatically in recent years. The average monthly cost of providing centre-based child care for an infant is USD 1,230 compared to USD 800 for a family child care home. The cost of child care for a newborn consumes 18% of a household's income on average.
Several producers have established themselves in the United States market. Similac Probiotic Tri-Blend, Similac Advance, and Similac Pro-Advance 20 are three of Abbott Nutrition's newborn premix formulations that help enhance the gut microbiome and perform as excellent breast milk substitutes.
In 2015, China's one-child policy was replaced with a two-child policy, with 17.5 million births recorded that year. This surge has had a significant impact on the baby food business, particularly on infant milk formula.
Children account for 1/3 of urban household expenditure in China, according to the National Bureau of Statistics. The majority of this money was spent on day-to-day baby feeding and meals for little children. RTD food items are becoming increasingly popular among Chinese parents since they are handy and can be tailored to their hectic schedules.
The newborn nutritional premixes market in China is being fueled by the aforementioned elements, as well as a rising desire for homemade, fresh, organic baby food. According to FMI, between 2022 and 2032, the market would increase at a CAGR of roughly 10%.
According to FMI, vitamin-based newborn nutritional premix accounted for about a third of the market share among all ingredients in 2020 and is predicted to expand at a rate of over 5% over the next decade.
The increased focus of parents on providing a nutritious meal for their children's health resulted in a demand for vitamin-based goods. To earn consumer trust, well-known brands such as Nestle-Ceregrow are meeting demand by introducing nutritious ingredients, such as essential vitamins for newborn newborns. Thickening and Binding Application is Boosting the Application Segment.
Powdered infant nutritional premixes accounted for the highest revenue share in 2021, and it is expected to continue on a favourable development trajectory with a CAGR of almost 6% over the forecast period.
The demand for powdered nutritious premixes is increasing dramatically in both developed countries and developing countries. This is due to the unique characteristics of powdered goods, such as their ease of water solubility.
The nutritional premixes market has seen a significant transition from liquid to powder form in recent years, owing to numerous benefits such as increased durability and simplicity.
Leading players are adopting novel strategies such as ground-breaking marketing tactics, the opening of new retail outlets, technical developments, and mergers and acquisitions.
| Attribute | Details |
|---|---|
| Market Size Value in 2021 | USD 235 Million |
| Market Forecast Value in 2032 | USD 370 Million |
| Global Growth Rate | 4.0% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | MT for Volume and USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Japan; APEJ and Middle East and Africa - MEA |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, EU5, Russia, Poland, China, ASEAN, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others. |
| Key Market Segments Covered | Nature, Grade, Application, End-Use and Regions |
| Key Companies Profiled | Glanbia Plc.; Koninklijke DSM N.V; SternVitamin GmbH & Co. AG; BASF SE; Lycored Limited; Watson Inc.; Fenchem Biotek Limited; Hexagon Nutrition Pvt. Ltd.; Jubilant Life Sciences; Farbest Brands; Prinova Group LLC; Barentz International B.V; Vitablend Nederland B.V; ADM; Vaneeghan International B.V |
The market is likely to be worth USD 370 million by 2032.
The market CAGR through 2032 is estimated to be 4%.
The United States leads the market with 36% market share.
The growth rate of vitamin-based infant products is 5%.
Businesses are investing into retail outlets as distribution channels to extend their reach.
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Infant Nutritional Premix Market
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