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The global infant formula ingredients market is anticipated to grow at a CAGR of 7.1%
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Infant Formula Ingredients Market Value Projected to Expand by 2029 The global infant formula ingredients market is anticipated to grow at a CAGR of 7.1% during the forecast period. New product development by the key market players such as Vitablend Nederland B.V., Carbery Food Ingredients Ltd., and AAK AB among others is a key factor driving the global infant formula ingredients market. For instance, in July 2022, Debut Biotechnology, Inc. announced a joint development agreement with GeneChem Inc., a Korean biotech company to develop a group of rare human milk oligosaccharides (HMOs). To Request a Sample of our Report on Infant Formula Ingredients Market https://www.omrglobal.com/request-sample/infant-formula-ingredients-market HMOs are emerging ingredients in infant formula and high-performance nutritional products, and their manufacturing represents one of the most noteworthy advancements in infant nutrition in recent years. Debut Biotech will begin developing HMOs at their innovation center in San Diego. GeneChem will work closely with the Debut Biotech team in various aspects of production, including scale-up. In the same month, Danone SA launched the first Dairy and Plants Blend baby formula, in response to parents’ desire for vegetarian and flexitarian options for their babies. Plant-based consumption is growing substantially, with more than one-third (37.0%) of EU consumers choosing a vegan, vegetarian or flexitarian diet, and almost 70.0% of parents now prefer their children to eat more plant-based foods. Such product developments are expected to drive the global infant formula ingredients market. A full Report of Infant Formula Ingredients Market https://www.omrglobal.com/industry-reports/infant-formula-ingredients-market Market Coverage The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered- By Ingredient Type By Source By Application Regions Covered- North America Europe Asia-Pacific Rest of the World Competitive Landscape- BASF SE, Koninklijke DSM N.V., and Arla Foods amba, among others. Key questions addressed by the report What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? How COVID-19 impacted the market? Deviation from the pre-COVID-19 forecast Most affected region and segment Who is the leader in the market? How are players addressing challenges to sustain growth? Where is the investment opportunity? Global Infant Formula Ingredients Market Report by Segment By Ingredient Type Carbohydrates Oils & Fats Protein Vitamin Minerals Prebiotics By Source Cow Milk Soy Protein Hydrolysates By Application Growing-up Milk Standard Infant Formula Follow-on Formula Specialty For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/infant-formula-ingredients-market
About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404A