Infant Formula Ingredients Market By Source (Cow Milk, Soy, Protein Hydrolysates, & Others), By Ingredient (Oil &Fats, Carbohydrates, Proteins, Prebiotics, Vitamins & Minerals, & Others), By Application (Standard Infant Formula, Growing-up Milk, Specialty Formulas, & Follow-on Formula), By Form (Powder, Liquid, & Semi-Liquid), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: FBR 96899 Report Format: PDF + Excel

Infant Formula Ingredients Market Overview

The Infant Formula Ingredients Market size is estimated to reach $27.7 billion by 2027. Furthermore, it is poised to grow at a CAGR of 7.1% over the forecast period of 2022-2027. Infant formula is predominantly publicized as baby formula. Infant food products have had always held a predominant market space owing to the prescribed dosing of such formulas to cover the overall loss of nutrition from breast milk. Additionally, formula ingredient manufacturers have readily adapted to the changing dietary needs within baby food products and have customized and created product lines sufficing unique demands. Bottle-feeding is the way through which infant formula or breast milk feeding should start. Protein hydrolysate formulas have been recommended as infant formula. Protein hydrolysate formulas are meant for babies who don't tolerate cow's milk or soy-based formulas. Extensively hydrolyzed formulas are an option for babies who have a protein allergy or have hypoallergenic protein foods. Soy-based formulas and cow milk protein-based formulas are some of the recommended infant formulas, which are approved by the FDA. The growing population of working women has in turn made baby food products common, additionally, plant-based protein as an ingredient is the key factor driving the Infant Formula Ingredients Industry in the projected period of 2022-2027.

Infant Formula Ingredients Market Report Coverage

The report: Infant Formula Ingredients Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Infant Formula Ingredients Market.

By Source- Cow Milk, Soy, Protein Hydrolysates, and Others.  
By Ingredient- Oil &Fats, Carbohydrates, Proteins, Prebiotics, Vitamins and Minerals, and Others.
By Application- Standard Infant Formula, Growing-up Milk, Specialty Formulas, and Follow-on Formula.
By Form- Powder, Liquid, and Semi-Liquid.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Geographically, Asia-Pacific held a dominant market share in the year 2021. It is owing to the wide prevalence of having a job, thereby ensuring proper nutrition. In order for continuing a job, women have to rely on other nutrition sources such as infant formula. Moreover, the predominant ingredient manufacturers are in India and China, which further provides a tight grip over the market. Moreover, Asia-Pacific is expected to offer lucrative growth opportunities in the projected period of 2022-2027. It is owing to favorable policies of the government which allow for easy access and flow of FDI, additionally, local manufacturers are provided with incentives that allow them to take hold of the market.
  • The growing population of working women has in turn made baby food products common, additionally, plant-based protein as an ingredient are the key factor driving the Infant Formula Ingredients Market. However, low awareness and trust pertaining to the availability and use of such products have impeded market growth.
  • A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Infant Formula Ingredients Market Report.

Infant Formula Ingredients Market- Geography (%) for 2021.

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Infant Formula Ingredients Market Segmentation Analysis- By Source

The Infant Formula Ingredients Market based on the source can be further segmented into cow milk, soy, protein hydrolysates, and others. The cow milk segment held the largest share in the year 2021. It is owing to the wide acceptability of cow’s milk as it contains, nutritionally everything and has been regarded by FDA as the “gold standard.” Additionally, cow’s milk nutritional components have aligned more closely to breast milk. Moreover, the production process has been extremely straightforward, with not many change inline assemblies. Lastly, cow’s milk is now being focussed to have been obtained from pasture-raised cows, as they are free from GMOs.

However, the soy and vegan segment is estimated to be the fastest-growing, with a CAGR of 7.9% over the forecast period of 2022-2027. Primarily, cow’s milk has shown signs to develop lactose intolerances in infants. Further, the major trade economy- the US, has forecasted that milk production to be on the lower side.  The all-milk price for the fourth quarter of 2021 is projected to average $20.00 per hundredweight (cwt), an increase of $0.20 from last month’s forecast. Additionally, soy and vegan (rice starch) have seen new product launches, which would further aid the market growth.

Infant Formula Ingredients Market Segmentation Analysis- By Form

The Infant Formula Ingredients Market based on the form can be further segmented into powder, liquid, and semi-liquid or ready to use. The powdered segment held the largest market share in the year 2021. It is owing to the age-old dominance and ease through which the said formula is created. It is economical, environment-friendly- as it is served in re-usable boxes and doesn’t take much of the room. Moreover, the said category has been used by mothers’ who just need to use formulas as a supplement, and not totally depend.

However, the ready-to-use segment is estimated to be the fastest-growing, with a CAGR of 7.7% over the forecast period of 2022-2027. It is owing to the ease by which the formula can be delivered and has also been considered the most hygienic option. Further, research has shown that nearly 60 million Americans do not use the tap-water for drinking purposes owing to high fluoride and nitrite contents. Owing to such worries, the said segment would outpace the others.

Infant Formula Ingredients Market Segmentation Analysis- By Geography

The infant formula ingredient market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. The Asia Pacific held a share of 39% as compared to the other regions in 2021. It is owing to the presence of all the necessary ancillaries to produce infant formula. For example, India and China have been the predominant producers of milk. As per the FAO projections, Asian production increased by 2% in 2020 due to expected growth in India, Pakistan, and China, while Turkey may experience a decline. India, the world’s largest milk producer, is projected to increase production by 2.6 percent, or 5 million tonnes. Additionally, the necessary ingredients apart from milk, are processed within both countries. Lastly, the Asia-Pacific country offers the foreign players to invest FDIs as the output: input ratio is extremely favorable, which will further fuel the demand.

Infant Formula Ingredients Market Drivers

The growing population of working mothers around the globe has aided the growth of infant formula, thereby helping the ingredients market.

Globalization has been a ready topic around the philosopher, more so all major attributes felt in today’s world have been a result of globalization. Supplemented by globalization, the population of female literates scored high which in turn resulted in higher education. The weakness around the woman for their career enrichment has propelled the use of infant formulas, as they serve as a close substitute for the working mothers. Additionally, as the ingredients of the infant formulas are fulfilling and provide nutrition equivalent to breast milk, parents favor the use of such formulas. As per the Bureau of Labour Statistics, women within the US for the first time have outpaced the working men by holding a share of 50.04%. Moreover, a year back the said proportion was 49.7%. Owing to a continual rise in the population of working women, the formula ingredient market is said to grow.

The health benefits of infant formula have aided the market growth

Nutrition and Convenience have been the two pillars that make the ground of the said market strong. Infant formulas are manufactured by big pharmaceutical companies or processors, as due diligence is required, and FDA strictly stops the practice of making an infant formula at home. Breastfeeding, as a source of nutrients, can never be stressed up enough, but there are some challenges pertaining to breastfeeding which make the infant formula market strong. Some of the formulas contain prebiotic bacteria- Bifidobacterium Lactis, which has proven its substantial use in reducing diarrhea while also helping in the overall maintenance of the toddler’s gut. Furthermore, the composition of oligosaccharides has been shown to increase the discussed bacterial levels, which also reduces the number of disease-causing pathogens such as E. coli, clostridia, and eubacteria. The prevalence of childhood constipation has been contributed to 1-30%.

Infant Formula Ingredients Market Challenges

Owing to low awareness pertaining to the availability of such products in low-income countries and potential disadvantages when compared to breast milk have hampered the overall market growth

Infant formula provides relief to the feeding mothers in terms of convenience, flexibility, and dietary restrictions; however, they can not match the gold standard of breast milk, and that potentially is a major drawback for the ingredient market as well. For example, owing to COVID-19, researchers went ahead to find that antibodies can be transferred via breastmilk to the toddler, hence pregnant women were allowed to take their vaccine jabs. Over 300,000 vaccine jabs were given to pregnant women in India. Furthermore, the complexity of breast milk cannot be matched in infant formulas. Lastly, the cost of infant formulas can dent significantly on one’s wallet, as for a year-round expense pertaining to the feed of infant basic formula can cost close to $1500.

Infant Formula Ingredients Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in this market. Infant Formula Ingredients top 10 companies include:

  1. Fonterra Co-Operative Group Limited
  2. Dupont
  3. DSM
  4. ADM
  5. Arla Foods
  6. Saputo Inc.
  7. Almarai
  8. an Alpura
  9. SK Food Enrichment
  10. Sacco SRL

Recent Developments

  • In January 2021, BLC or Bunge Loders Croklaan, a specialist in fats and oils have launched a new premium lipid ingredient, especially for baby formula. The value addition for the same is to allow the manufacturers to get a notch closer to the actual gold standard breast milk. The solution is called Betapol Select which would allow adjusting the regional differences. Earlier, the product was lauded and based on Chinese baby's requirements.
  • In January 2021, Bobbie, a brand lauded by Laura Modi became the first Organic European breast-feed milk alternative. Moreover, the said formula has been EU and FDA approved. It is sourced from the bovines who are pasture-raised on the family farms and then is manufactured in their facility present in Vermont.   Bobbie was created with the idea that what you put in formula (adequate levels of DHA, a fatty acid that is not regulated in the U.S. but has been proven essential to eye and brain development in recent medical studies) is just as important as what you leave out (high-insulin spiking simple sugars and cheap carbohydrate additives, such as corn syrup, which are also not regulated in the U.S.)
  • In January 2021, An Australian company has claimed to launch the world’s first vegan and organic baby formula. Importantly, soy has been used as a common ingredient has in fact been a common allergen. So Sprout Organic has started using rice starch, and it has been proven safe even for the youngest of youngest. Sprout Organic formula is set to launch in Western Australia and New South Wales in May. The company has partnered with distributors Total Health and Global by Nature to make the formula available at health food stores, pharmacies, and independent supermarkets.

Relevant Titles

Infant and Mother Nutrition Market- Forecast (2022-2027)

Report Code- FBR 0079

Infant Formula Testing Market- Forecast (2022-2027)

Report Code- FBR 0118 

For more Food and Beverage Market reports, please click here

1. Infant Formula Ingredients Market Overview
    1.1 Definitions and Scope
2. Infant Formula Ingredients Market- Executive Summary
3. Infant Formula Ingredients Market – Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Infant Formula Ingredients Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Infant Formula Ingredients Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Infant Formula Ingredients Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Infant Formula Ingredients Market – By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Infant Formula Ingredients Market- By Source (Market Size –$Million/$Billion) 
    8.1 Cow Milk
    8.2 Soy and Vegan options
    8.3 Protein Hydrolysates
    8.4 Others
9. Infant Formula Ingredients Market- By Ingredient (Market Size –$Million/$Billion) 
    9.1 Oil &Fats
    9.2 Carbohydrates
    9.3 Proteins
    9.4 Prebiotics
    9.5 Vitamins and Minerals
    9.6 Others
10. Infant Formula Ingredients Market- By Application (Market Size –$Million/$Billion) 
    10.1 Standard Infant Formula
    10.2 Growing-up Milk
    10.3 Specialty Formulas
    10.4 Follow-on Formulas
11. Infant Formula Ingredients Market- By Form (Market Size –$Million/$Billion) 
    11.1 Powder
    11.2 Liquid
    11.3 Ready-to Use.
12. Infant Formula Ingredients Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 Germany
        12.2.2 France
        12.2.3 UK
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia & New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Chile
        12.4.4 Colombia
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Infant Formula Ingredients Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs, and partnerships
14. Infant Formula Ingredients Market – Industry Competition Landscape (Premium)
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key Companies
        14.1.3 Market Share by Countries – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Infant Formula Ingredients Market – Key Company List by Country Premium (Premium)
16. Infant Formula Ingredients Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies*"

LIST OF TABLES

1.Global Infant Formula Ingredients Market By Type Market 2019-2024 ($M)
1.1 Carbohydrates Market 2019-2024 ($M) - Global Industry Research
1.1.1 Lactose Market 2019-2024 ($M)
1.2 Oils & Fats Market 2019-2024 ($M) - Global Industry Research
1.3 Proteins Market 2019-2024 ($M) - Global Industry Research
1.3.1 Milk Proteins Market 2019-2024 ($M)
1.3.2 Soy Proteins Market 2019-2024 ($M)
1.3.3 Hydrolyzed Milk Proteins Market 2019-2024 ($M)
1.4 Vitamins & Minerals Market 2019-2024 ($M) - Global Industry Research
1.5 Prebiotics Market 2019-2024 ($M) - Global Industry Research
2.Global Infant Formula Ingredients Market By Form Market 2019-2024 ($M)
2.1 Powder Market 2019-2024 ($M) - Global Industry Research
2.2 Liquid & Semi-Liquid Market 2019-2024 ($M) - Global Industry Research
3.Global Infant Formula Ingredients Market By Source Market 2019-2024 ($M)
3.1 Conventional Market 2019-2024 ($M) - Global Industry Research
3.2 Organic Market 2019-2024 ($M) - Global Industry Research
4.Global Infant Formula Ingredients Market By Type Market 2019-2024 (Volume/Units)
4.1 Carbohydrates Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Lactose Market 2019-2024 (Volume/Units)
4.2 Oils & Fats Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Proteins Market 2019-2024 (Volume/Units) - Global Industry Research
4.3.1 Milk Proteins Market 2019-2024 (Volume/Units)
4.3.2 Soy Proteins Market 2019-2024 (Volume/Units)
4.3.3 Hydrolyzed Milk Proteins Market 2019-2024 (Volume/Units)
4.4 Vitamins & Minerals Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Prebiotics Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Infant Formula Ingredients Market By Form Market 2019-2024 (Volume/Units)
5.1 Powder Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Liquid & Semi-Liquid Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Infant Formula Ingredients Market By Source Market 2019-2024 (Volume/Units)
6.1 Conventional Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Organic Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Infant Formula Ingredients Market By Type Market 2019-2024 ($M)
7.1 Carbohydrates Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Lactose Market 2019-2024 ($M)
7.2 Oils & Fats Market 2019-2024 ($M) - Regional Industry Research
7.3 Proteins Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Milk Proteins Market 2019-2024 ($M)
7.3.2 Soy Proteins Market 2019-2024 ($M)
7.3.3 Hydrolyzed Milk Proteins Market 2019-2024 ($M)
7.4 Vitamins & Minerals Market 2019-2024 ($M) - Regional Industry Research
7.5 Prebiotics Market 2019-2024 ($M) - Regional Industry Research
8.North America Infant Formula Ingredients Market By Form Market 2019-2024 ($M)
8.1 Powder Market 2019-2024 ($M) - Regional Industry Research
8.2 Liquid & Semi-Liquid Market 2019-2024 ($M) - Regional Industry Research
9.North America Infant Formula Ingredients Market By Source Market 2019-2024 ($M)
9.1 Conventional Market 2019-2024 ($M) - Regional Industry Research
9.2 Organic Market 2019-2024 ($M) - Regional Industry Research
10.South America Infant Formula Ingredients Market By Type Market 2019-2024 ($M)
10.1 Carbohydrates Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Lactose Market 2019-2024 ($M)
10.2 Oils & Fats Market 2019-2024 ($M) - Regional Industry Research
10.3 Proteins Market 2019-2024 ($M) - Regional Industry Research
10.3.1 Milk Proteins Market 2019-2024 ($M)
10.3.2 Soy Proteins Market 2019-2024 ($M)
10.3.3 Hydrolyzed Milk Proteins Market 2019-2024 ($M)
10.4 Vitamins & Minerals Market 2019-2024 ($M) - Regional Industry Research
10.5 Prebiotics Market 2019-2024 ($M) - Regional Industry Research
11.South America Infant Formula Ingredients Market By Form Market 2019-2024 ($M)
11.1 Powder Market 2019-2024 ($M) - Regional Industry Research
11.2 Liquid & Semi-Liquid Market 2019-2024 ($M) - Regional Industry Research
12.South America Infant Formula Ingredients Market By Source Market 2019-2024 ($M)
12.1 Conventional Market 2019-2024 ($M) - Regional Industry Research
12.2 Organic Market 2019-2024 ($M) - Regional Industry Research
13.Europe Infant Formula Ingredients Market By Type Market 2019-2024 ($M)
13.1 Carbohydrates Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Lactose Market 2019-2024 ($M)
13.2 Oils & Fats Market 2019-2024 ($M) - Regional Industry Research
13.3 Proteins Market 2019-2024 ($M) - Regional Industry Research
13.3.1 Milk Proteins Market 2019-2024 ($M)
13.3.2 Soy Proteins Market 2019-2024 ($M)
13.3.3 Hydrolyzed Milk Proteins Market 2019-2024 ($M)
13.4 Vitamins & Minerals Market 2019-2024 ($M) - Regional Industry Research
13.5 Prebiotics Market 2019-2024 ($M) - Regional Industry Research
14.Europe Infant Formula Ingredients Market By Form Market 2019-2024 ($M)
14.1 Powder Market 2019-2024 ($M) - Regional Industry Research
14.2 Liquid & Semi-Liquid Market 2019-2024 ($M) - Regional Industry Research
15.Europe Infant Formula Ingredients Market By Source Market 2019-2024 ($M)
15.1 Conventional Market 2019-2024 ($M) - Regional Industry Research
15.2 Organic Market 2019-2024 ($M) - Regional Industry Research
16.APAC Infant Formula Ingredients Market By Type Market 2019-2024 ($M)
16.1 Carbohydrates Market 2019-2024 ($M) - Regional Industry Research
16.1.1 Lactose Market 2019-2024 ($M)
16.2 Oils & Fats Market 2019-2024 ($M) - Regional Industry Research
16.3 Proteins Market 2019-2024 ($M) - Regional Industry Research
16.3.1 Milk Proteins Market 2019-2024 ($M)
16.3.2 Soy Proteins Market 2019-2024 ($M)
16.3.3 Hydrolyzed Milk Proteins Market 2019-2024 ($M)
16.4 Vitamins & Minerals Market 2019-2024 ($M) - Regional Industry Research
16.5 Prebiotics Market 2019-2024 ($M) - Regional Industry Research
17.APAC Infant Formula Ingredients Market By Form Market 2019-2024 ($M)
17.1 Powder Market 2019-2024 ($M) - Regional Industry Research
17.2 Liquid & Semi-Liquid Market 2019-2024 ($M) - Regional Industry Research
18.APAC Infant Formula Ingredients Market By Source Market 2019-2024 ($M)
18.1 Conventional Market 2019-2024 ($M) - Regional Industry Research
18.2 Organic Market 2019-2024 ($M) - Regional Industry Research
19.MENA Infant Formula Ingredients Market By Type Market 2019-2024 ($M)
19.1 Carbohydrates Market 2019-2024 ($M) - Regional Industry Research
19.1.1 Lactose Market 2019-2024 ($M)
19.2 Oils & Fats Market 2019-2024 ($M) - Regional Industry Research
19.3 Proteins Market 2019-2024 ($M) - Regional Industry Research
19.3.1 Milk Proteins Market 2019-2024 ($M)
19.3.2 Soy Proteins Market 2019-2024 ($M)
19.3.3 Hydrolyzed Milk Proteins Market 2019-2024 ($M)
19.4 Vitamins & Minerals Market 2019-2024 ($M) - Regional Industry Research
19.5 Prebiotics Market 2019-2024 ($M) - Regional Industry Research
20.MENA Infant Formula Ingredients Market By Form Market 2019-2024 ($M)
20.1 Powder Market 2019-2024 ($M) - Regional Industry Research
20.2 Liquid & Semi-Liquid Market 2019-2024 ($M) - Regional Industry Research
21.MENA Infant Formula Ingredients Market By Source Market 2019-2024 ($M)
21.1 Conventional Market 2019-2024 ($M) - Regional Industry Research
21.2 Organic Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
2.Canada Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
3.Mexico Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
4.Brazil Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
5.Argentina Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
6.Peru Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
7.Colombia Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
8.Chile Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
9.Rest of South America Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
10.UK Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
11.Germany Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
12.France Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
13.Italy Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
14.Spain Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
15.Rest of Europe Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
16.China Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
17.India Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
18.Japan Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
19.South Korea Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
20.South Africa Infant Formula Ingredients Market Revenue, 2019-2024 ($M)
21.North America Infant Formula Ingredients By Application
22.South America Infant Formula Ingredients By Application
23.Europe Infant Formula Ingredients By Application
24.APAC Infant Formula Ingredients By Application
25.MENA Infant Formula Ingredients By Application
26.Arla Foods Amba, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Vitablend Nederland B.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Carbery Food Ingredients Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Fonterra Co-Operative Group Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Aarhuskarlshamn AB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Royal Frieslandcampina N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Sachsenmilch Leppersdorf GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Koninklijke DSM N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Chr. Hansen Holding A/S, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Glanbia PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Kerry Group PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)