Infant Formula Ingredients Market worth $25.5 billion by 2025
The infant formula ingredients market is estimated to be valued at USD 16.7 billion in 2019 and is projected to reach USD 25.5 billion by 2025, at a CAGR of 7.3% during the forecast period. The global infant formula ingredients industry is expected to grow due to high growth in the APAC region caused by increasing birth rate, the inability of mothers to lactate, more number of women joining workforce post-childbirth, and companies producing ingredients similar to human milk (such as human milk oligosaccharides). China is the largest player for infant formula ingredients in the global market. Download PDF Brochure By source, the cow milk segment is projected to dominate the market during the forecast period. Cow milk-based ingredients find widescale usage across Europe and North America regions owing to its acceptance as a cost-effective manufacturing process, and cow milk-based ingredients are available in bulk. Apart from this, most of the infant formula manufacturers use cow-base...