Infant Nutritional Premix Market size is estimated to reach $ 273.26 Million by 2025 and is poised to grow at a CAGR of 5.98% during the forecast period 2020-2025. Infant Nutritional Premix is a blend of essential vitamins, minerals, amino acids, nucleotides, and other functional ingredients used in infant products, which facilitate infant feeding. Therefore, in order to stimulate growth after childbirth and reduce infant mortality and morbidity, they need enough vitamins and minerals. The major factor driving the growth of nutritional mixes for infants is the convenience they provide to working women, who have ready-to-eat food for their babies, which can be prepared in less time and comes with the perfect blend of all the required nutrients for their healthy growth. Moreover, for babies who are not breastfed, these infant formulas are combined with ingredients such as vitamin D, iron, DHA (docosahexaenoic acid), and ARA (arachidonic acid). With innovation in packaging and increased awareness of the benefits of consuming fortified infant feeding products and unique formulations, the global infant nutritional premix market is estimated to grow significantly over the forecast years 2020-2025.
Infant Nutritional Premix Market Segment Analysis - By Product Form
The global Infant Nutritional Premix Market based on Product Form can be further segmented into Powered Premixes, Liquid Premixes. The powdered premixes segment registered for the highest revenue in 2019. The demand for ready mixes in powder form is increasing at a significant rate, in both developed and developing countries. This is owing to the properties of the powder, such as the ease with which it dissolves in water. Premix powder forms are mostly used in infant feeding, which is driving the segment. The liquid premixes segment is estimated to be the fastest growing segment owing to its accuracy in dosage to serve the infants.
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Infant Nutritional Premix Market Segment Analysis - By Ingredients
he global Infant Nutritional Premix Market based on Ingredients can be further segmented into Vitamins, Minerals, Amino Acids, Nucleotides, and others. The Vitamins segment registered for the highest revenue in 2019. Infant formulas are mainly fortified with iron and vitamin D for babies who are not being breastfed, along with the ingredients such as DHA (docosahexaenoic acid) and ARA (arachidonic acid), which is driving the segment. The nucleotides segment is estimated to be the fastest growing segment owing to its high nutritional value and antibodies, which help infants to build their immune system.
Infant Nutritional Premix Market Segment Analysis - By Geography
The global Infant Nutritional Premix Market based on Geography can be further segmented into North America, Asia-Pacific, Europe, and the Rest of the World. North America held the largest share in 2019. The growth in this segment is owing to the increased health awareness of infants, associated with various combinations of vitamins, amino acids, minerals, nucleotides, and herbal extracts, along with advanced fortification methods. Europe is estimated to be the fastest-growing segment owing to the factors such as increasing working population and rising focus on the infant’s health. Moreover, the increase in disposable income and the rising preference of people to spend on nutritional food for infants is a key factor driving the market in the region.
Infant Nutritional Premix Market Drivers
Growing innovations in infant nutritional premixes
The healthcare sector across the globe have been witnessing significant growth owing to the increasing developments in innovative medicinal food, including infant nutritional food premixes. Innovation in nutritional premixes with the addition of organic ingredients, nucleotides, and probiotics is driving the growth of the market. Moreover, the addition of nutritional premixes in infant nutrition products is rising at a vigorous rate across the world owing to rising consumer inclination towards high infant nutrition and baby food products.
Growing Demand for Customized Premixes
The use of various customized premixes in baby food and infant formula is currently growing, predominantly in developed countries, owing to the unique formulation of premixes, along with the rising consumer awareness regarding the health benefits of consuming fortified infant nutrition products. Customized vitamin and amino acid premixes are gaining demand and are widely used in various infant formulas.
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Infant Nutritional Premix Market Challenges
High cost of Infant Nutritional Premixes
The high cost of the Infant Nutritional Premix is projected to hamper the market growth. However, Regulatory intervention associated with handling and storage of infant nutritional premixes, and the shift of food manufacturing brands to conventional nutrient systems are acting as a major challenge for the growth of the Infant Nutritional Premix Market during the forecast period 2020-2025.
Infant Nutritional Premix Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Infant Nutritional Premix Market. Key companies of this market DSM, Vitablend, Prinova, Redox, BARENTZ, Nestle S.A, Royal Friesland Campina, SternVitamin, Richen Nantong, Lycored Limited, and ADM Company.
Acquisitions/Product Launches:
In July 2020, Redox announced the partnership with JKP Nutrition to supply custom vitamin and mineral infant nutritional premixes to the Australian and New Zealand markets.
In June 2020, Prinova launched a full range of silicon dioxide-free infant nutrition premixes, which is a response to the growing concerns about the potential health impact of nanoparticles.
In August 2017, DSM expanded its business by opening the premix manufacturing facility, which is built exclusively for the infant nutrition.
Key Takeaways
Geographically, North America is poised to see extraordinary development owing to the increased infant health awareness in the region and is set to continue during the forecast period 2020-2025.
The global demand for the Infant Nutritional Premix Market is owing to the growing innovations in infant nutritional premixes across the globe.
The high cost of Infant Nutritional Premix is estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Infant Nutritional Premix Market report.
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