Industry Insights
Increasing product usage in baby food and health supplements is anticipated to drive the market growth. The infant formula segment is expected to witness a significant growth on account of increasing product usage in baby nutrition products. The need for appropriate amount of minerals, such as ARA and DHA, is creating more demand for ARA-based infant formula, which is likely to boost the segment growth over the coming years.
Thus, to reduce the production costs, leading manufacturers are focusing on R & D and in-house manufacturing techniques as it improves the product quality, thereby enhancing the brand value. The industry is characterized by a diversified value chain, which consists of raw material suppliers, upstream manufacturers, distributors, and end-users. Raw material suppliers emerged as an essential element across the value chain of the ARA industry. Increasing importance of suppliers is a key driver to influence the strategies of the major industry participants.
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Producers are more inclined toward manufacturing the product in the vicinity to end-users to reduce transportation costs, minimize currency fluctuation exposure, and benefit from local incentives. In the Middle Eastern countries, infant formula-producing companies are trying to increase the consumer awareness through educational campaigns. Low product penetration is attracting the global companies to expand their operations in this region.
Application Insights
Potential applications in health supplement will support the market growth from 2018 to 2025. Prominent companies are investing more in R & D to develop newer applications, such as in sports drinks and bodybuilding supplements. Increasing demand for health supplements across various regions is projected to create new avenues for the segment.
Regional Insights
Europe also holds a notable share of the global market. Early adoption of ARA in the supplement and infant formula is the primary reason behind this growth. Factors, such as high standards of living and well-developed sports nutrition market, are also driving the regional industry.
Asia Pacific region is also expected to register a strong CAGR due to rapid urbanization, emerging middle-class population, and projected growth in the number of infants across the region. Presence of emerging economies, such as India and China, and availability of low-cost raw materials and labor are attracting global manufacturers to expand their operations in APAC. This will also drive the industry in APAC region.
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Report Scope
| Attribute | Details |
| Base year for estimation | 2017 |
| Actual estimates/Historical data | 2014 - 2016 |
| Forecast period | 2018 - 2025 |
| Market representation | Volume in Tons, Revenue in USD Million, and CAGR from 2018 to 2025 |
| Regional scope | North America, Europe, Asia Pacific, CSA, MEA |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors and trends |
| Country Scope | U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, China, Japan, India, Brazil, and Saudi Arabia |
| 15% free customization scope (equivalent to 5 analyst working days) | If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
