The global Powder Infant Nutritional Premixes market is expected to increase at a CAGR of 5.6 percent by 2028, with a market value exceeding US$ 315 million. The increased need for convenient and nutritious infant food has resulted from the fast migration of working women in urban areas. Consumers have begun to perceive fortified infant food as a viable alternative to breastfeeding due to the potential health benefits.
Manufacturers of baby food have anticipated this market demand by introducing Powder Infant Nutritional Premixes to fill store shelves. As a result, demand for Powder Infant Nutritional Premixes has increased throughout the value chain.
Powder Infant Nutritional Premixes Market: Key Takeaways
- During the forecast period (2019-2028), demand for newborn nutritional premix is predicted to expand at an exponential rate, creating an absolute $ potential of US$ 122 million.
- The powder form sector accounts for almost 80% of the global baby nutritional premix market and is expected to develop at a faster rate than the liquid form segment, with a CAGR of 5.8% over the forecast period.
- Due to an increase in different bone health-related deficits among newborns globally, the global market for Powder Infant Nutritional Premixes for bone health is expected to grow 1.8X over the forecast period of 2019 – 2028.
- Vitamin-based newborn nutritional premixes have a market share of more than 32% among all ingredients, and are predicted to continue to expand over the forecast period of 2019 to 2028.
- Powdered type newborn nutritional premix is expected to grow 1.7X by the end of 2028 compared to 2019. This is due to several benefits such as increased durability and convenience.
- During the forecast period, nucleotides component based newborn nutritional premix is expected to develop at a positive CAGR of 7.4%. North America and Western Europe together account for more than half of the market share in the Powder Infant Nutritional Premixes industry. Asia Pacific and MEA, on the other hand, are expected to develop at a faster rate than the world average.
Why are Powdered Powder Infant Nutritional Premixeses Catching the Eye?
Powdered Powder Infant Nutritional Premixeses accounted for the highest revenue share in 2020, and it is expected to continue on a favourable development trajectory with a CAGR of almost 6% over the forecast period.
The demand for powdered nutritious premixes is increasing dramatically in both developed and developing countries. This is due to the unique characteristics of powdered goods, such as their ease of water solubility.
The nutritional premixes market has seen a significant transition from liquid to powder form in recent years, owing to numerous benefits such as increased durability and simplicity.