In a recent research report by Maximize Market Research, the Global Amino Acid Based Formula Market is expected to surpass US$ 2.64 billion by the year 2027, from US$ 1.49 billion in 2020.
Global Amino Acid Based Formula Market Insights:
A type of hypoallergenic infant formula manufactured from individual amino acids is known as amino acid-based formula or elemental formula. Manufacturers of infant formula have made various modifications to amino acid-based formula over the years by adding components in response to research advances. The most prevalent amino acid-based formula brands are Neocate, EleCare, and Nutramigen Puramino.
A surge in allergic reactions to newborn cow’s milk protein has prompted the development of an alternative that is expected to meet infant nutritional needs. Increased health concerns are driving the growth of the market, as are significant players that offer appropriate nutrition with no negative effects. The global market for amino acid-based formula is also driven by the difficulty of mothers to lactate, the rise in the number of women returning to work following childbirth, and the rise in business aspirants interested in milk protein substitute development.
Based on the Product Type segment: The amino acid based formula market is further sub-segmented into Lactose and Lactose Free. Among these, lactose free segment is expected to hold the largest market share of XX% with a CAGR of XX% during the forecast period. This is mainly because of the rising prevalence of lactose intolerance among newborns.
Lactose-free baby formula is a cow’s milk-based formula made especially for lactose-intolerant babies. If a newborn has trouble digesting the lactose found naturally in cow’s milk, lactose-free formula may be required. Even more infrequently, newborns may develop galactosemia, a condition in which lactose-containing formulas can be life-threatening.
North America is expected to grow at a highest CAGR of XX% during the forecast period (2021-2027). This is mainly because of advancement in the amino acid based formula product. Producers utilize appealing packaging options, such as ready-to-use plastic bottles with easy-to-grip forms, to make it easier for busy parents to care for their children.
Though market forecasting through 2027 is based on real output, demand and supply of 2019, 2020 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2027 is done based on past data from 2015 to 2019 with the impact of global lock down on the market in 2020 and 2021.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Global Amino Acid Based Formula in the region, the Value – Chain analysis, and the PORTER’s analysis for the Global Amino Acid Based Formula market at a global level.
The study is consolidated on the basis of segments and further sub-segments into by Product Type (Lactose, and Lactose Free), and Application (New Born, Infant, and Toddler).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players– Ausnutria Dairy Corporation Ltd., Abbott Laboratories, Danone, Mead Johnson Nutrition Company, Nestlé S.A, Neocate, Aptamil, EleCare, Enfamil Puramino, and Others.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Amino Acid Based Formula Market.”
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