Food and Beverages
Infant Nutritional Premix Market Size Estimated to Reach $290.3 Million by 2026
Infant Nutritional Premix Market size is estimated to reach $290.3 million by 2026, growing at a CAGR of 6.1% during the forecast period 2021-2026. Infant nutritional premix is a blend of essential amino acids, vitamins, minerals, nucleotides, and other functional ingredients used in infant products to enhance the overall nutritional value. Infant nutritional premixes are increasingly being adopted across the world owing to the growing awareness about the benefits of infant nutritional premixes made with vitamins, organic ingredients, probiotics, and amino acids. The rise in the recommendation of nutritional premixes made with nucleotides to build the immune system of infants, increase in the demand for infant nutritional premixes made with purified protein, rise in innovations in infant nutritional premixes, and the growing investment by the key players to develop high-quality infant nutritional premixes are the factors that are set to drive the growth of the Infant Nutritional Premix Market for the period 2021-2026.
Key Takeaways
- Geographically, the North America Infant Nutritional Premix Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of infant nutritional premixes made with nucleotides.
- The increase in the demand for infant nutritional premixes made with organic ingredients in supermarkets is driving the Supermarkets/Hypermarkets segment. However, the high cost of infant nutritional premixes is one of the major factors that is said to reduce the growth of the Infant Nutritional Premix Market.
- 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.
Infant Nutritional Premix Market Size, By Ingredients, 2020-2026 (USD Million)
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Infant Nutritional Premix Market Segment Analysis-By Ingredients
The Infant Nutritional Premix Market based on the Ingredients can be further segmented into Minerals, Vitamins, Amino Acids, Nucleotides, and Others. The Vitamins segment held the largest share owing to the factors such as the increase in awareness about the importance of vitamins in infant nutritional premixes and the rise in the product launches of infant nutritional premixes that are made with vitamins. The growing investment by the key players to develop vitamin-based infant nutritional premixes is driving the growth of the Infant Nutritional Premix Market. The Nucleotides segment is estimated to be the fastest-growing segment with a CAGR of 6.5% over the period 2021-2026. This growth is owing to the factors such as the growing adoption of infant nutritional premixes that are made with nucleotides in developed nations and the increase in the recommendation of nutritional premixes made with nucleotides to build the immune system of infants.
Infant Nutritional Premix Market Segment Analysis-By Distribution Channel
The Infant Nutritional Premix Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Pharmacies, Specialty Outlets, and Others. The Supermarkets/Hypermarkets segment held the largest share in 2020 owing to the factors such as affordability, choice of brand, and trustworthiness in the supermarkets and an increase in the demand for infant nutritional premixes that are made with organic ingredients and probiotics in supermarkets. The rise in investment by the key players in countries, such as India and China is driving the growth of the Infant Nutritional Premix Market. The Online Channels segment is estimated to be the fastest-growing segment with a CAGR of 6.8% over the period 2021-2026. This growth is owing to the factors such as the growing inclination towards a sedentary lifestyle, advancements in technology, and the rise in the demand for infant nutritional premixes that are made with purified protein.
Infant Nutritional Premix Market Segment Analysis-By Geography
The Infant Nutritional Premix Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the adoption of infant nutritional premixes that are made with nucleotides in developed nations and the increase in the product launches by the key players. The growing demand for purified protein nutritional premixes is driving the growth of the Infant Nutritional Premix Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the increase in innovations in infant nutritional premixes with the addition of organic ingredients and probiotics and the growing investment by the key players to develop high-quality infant nutritional premixes.
Infant Nutritional Premix Market Drivers
- Increasing Innovations in Infant Nutritional Premixes.
The key players across the world are focusing on developments in medicinal food, including infant nutritional premixes owing to the growing demand from health-conscious consumers. The increase in innovations in infant nutritional premixes with the addition of nucleotides, organic ingredients, and probiotics is one of the major factors driving the growth of the Infant Nutritional Premix Market.
- Rise in the Demand for Customized Premixes.
Customers across the world are increasingly shifting towards customized premixes made with purified protein owing to the growing awareness about the benefits of fortified infant products. The key players across the world are also focusing on developing customized mineral and vitamin premixes, which is further propelling the growth of the Infant Nutritional Premix Market.
Infant Nutritional Premix Market Challenges
- High Cost of Infant Nutritional Premixes.
The key players in the market are increasing their investment to carry out various research and development activities for developing quality infant nutritional premixes made with nucleotides, organic ingredients, and probiotics. However, the high cost of infant nutritional premixes is one of the major factors that is estimated to reduce the growth of the Infant Nutritional Premix Market.
Infant Nutritional Premix Market Competitive Landscape:
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 are Redox, Nestle S.A, SternVitamin, Royal Friesland Campina, Richen Nantong, DSM, Prinova, Lycored Limited, Vitablend, and Archer Daniels Midland Company among others.
Partnerships/Product Launches:
- In June 2021, DSM has expanded its production facilities by opening a new manufacturing facility in Poland to specialize in infant nutrition premix and to reduce the environmental footprint of the production by utilizing renewable energy.
- In June 2020, Prinova has launched silicon dioxide-free mineral, vitamin, and amino acid infant nutrition premixes to meet the growing demand for silicon dioxide-free nutritional premixes across the world.
- In July 2019, Redox has entered into a partnership with JKP Nutrition for supplying custom mineral and vitamin infant nutritional premixes to New Zealand and Australian markets and to focus on providing high quality and health-promoting ingredients.
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