Rapidly Rising Population Across Globe is Key Factor Pushing Growth of Global Infant Nutritional Premix Market
The global market for infant nutritional premix is expected to develop at a great pace in the near future. The market is expected to achieve a strong valuation worth US$315 mn by the end of 2028. In recent past, there has been a considerable growth in the rate of birth in emerging economies. This has led to a substantial growth in demand for these infant formula-based products. According to the findings of the Population Reference Bureau, the global population was around 7.3 billion in 2015. By 2050, it will rise up to 9.8 billion. Such increasing consumer base is thus one of the key factors for the development of global infant nutritional premix market.
Of the different important segments of the global infant nutritional premix market, the segment of vitamins accounted for more than one-third of the overall market share. The segment is expected to grow with a considerable rate of growth in coming years. The usage of nutrient premixes in baby or infant nutrition is growing across the globe. This is mainly due to the fact that increasing number of consumers are now preferring high quality baby food products and nutritional fortification of infant formula. These infant formulas are generally strengthened with vitamin D and iron for babies who are not being currently breastfed. These formulas have ingredients such as ARA (arachidonic acid) and DHA (docosahexaenoic acid). The increasing consumption of premixes across the globe is thus expected to help in the overall development of the global market.
Powder Form to Emerge as Hugely Promising Segment
Another prominent segment of the global infant nutritional premix market is form of product. Of the different types of forms available in the market, the segment of powder form accounted for the largest share in the entire market. The segment is expected to continue a positive trajectory in the near future as the demand for these nutritional premixes rise in both developed as well as developing nations. Powder is becoming the most preferred format due to variety of reasons such as ease of storage, longer shelf life, easy for transportation, and higher solubility with water.
Currently the liquid infant nutritional prefix holds a considerable share in the global market. However, these products are highly perishable, inconvenient to carry, and expensive in nature. These are the key factors that might lead to the downfall of liquid prefixes and replace them with the powdered ones. This marked shift from liquid premixes to powder ones is being considered as huge trend in the global infant nutritional premixes market.
Emerging Economies to Define Regional Market Growth
In terms of regional segmentation, there are five main regions of the global infant nutritional premixes market. These geographical segments are Europe, Asia Pacific, Middle East and Africa, Latin America, and North America. Of these, currently the global market is being dominated by the regional segment of Asia Pacific. A broader trend in the market is that the demand for these infant nutritional premixes is more in emerging economies. Thus, as Asia Pacific is home to two of the largest emerging economies in India and China, the region is expected to remain dominant in the near future. Similarly, the growth of the market is expected to be high in Latin America because of countries such as Mexico and Brazil.
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Some of the key companies in the global infant nutritional premixes market include names such as Koniklijke DSM NV, Vitablend, Glanbia Nutritionals NA, Richen Nantong, and Prinova Solutions among others.