North America Rice Protein Based Infant Formula Market, By Type (Formulated and Unformulated), Product Type (Standard Formula, Toddler Formula, Follow-On Formula, and Special Formula), Form (Non-GMO and GMO), Infant Age (6-12 Months, 0-6 Months and 1-3 Years), Distribution Channel (Store-Based Retailer and Non-Store Retailer) - Industry Trends and Forecast to 2030.
North America Rice Protein Based Infant Formula Market Analysis and Size
Consumers are adopting healthy eating habits by including guilt-free, plant-based proteins that are also environmentally safe, as the value of maintaining a healthy lifestyle has come to be more widely understood. A solution that maintains a child's growth without allowing malnutrition is a major problem for working mothers and mothers who feed their children. The need for daily nutrition has increased due to changing lifestyles, and there is a big market for performance nutrition. The protein-based infant formula was specifically created for babies who previously had allergies to the proteins in cow's milk, which frequently happens in babies fed infant formula. In addition to having a unique composition, the invention's formula is more efficient than formulas commonly used to address the problem of protein allergy. It contains ingredients that support the infant's healthy physical and mental development.
Data Bridge Market Research analyses that the rice protein-based infant formula market, valued at USD 2,173.02 million in 2022, will reach USD 3,235.08 million by 2030, growing at a CAGR of 5.10% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
North America Rice Protein Based Infant Formula Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Formulated and Unformulated), Product Type (Standard Formula, Toddler Formula, Follow-On Formula, and Special Formula), Form (Non-GMO and GMO), Infant Age (6-12 Months, 0-6 Months and 1-3 Years), Distribution Channel (Store-Based Retailer and Non-Store Retailer)
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Countries Covered
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U.S., Canada, and Mexico in North America
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Market Players Covered
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Nucitec S.A. de C.V. (Mexico), La Mandorle (France), Bayer AG (Germany), LACTALIS INTERNATIONAL (France), BIOLAB PHARMA (Canada), Novalac (France), Kate Farms (U.S.), Glanbia PLC (Ireland), ADM (U.S.), Cargill, Incorporated (U.S.), AVEBE (Netherlands), Burcon (Canada), Roquette Frères (France), AGT Food and Ingredients (India)
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Market Opportunities
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Market Definition
Infants and babies consume instant formula foods during the first few months of their lives to replace breast milk because they contain all the necessary macro and micronutrients. As the name implies, rice-based protein infant formula refers to food products made specifically for infant consumption from rice and protein-based ingredients. A variety of health benefits are also provided by consuming enough proteins.
Rice Protein Based Infant Formula Market Dynamics
Drivers
- Baby and environmental health concerns have increased the demand for rice protein
The main drivers of the market's expansion are the growing knowledge of infant formula's health advantages and the surge in demand for natural and organic baby foods. Other significant factors that influence market growth include an increasing number of infants who suffer from malnutrition, cases of breast milk poisoning, and explosive advancements in the technology used to process baby food. The market value will continue to rise due to rising demand for protein-rich dietary supplements, sports nutrition products, ready meals, and ingredients with a long shelf life. In addition to accumulating consumer feelings, health consciousness is focused on eating guilt-free food to protect the environment. Since vegan products have succeeded, consumers choose more plant-based products such as rice protein.
- The demand for rice protein has increased due to working women and increased disposable income
The number of working sections for women has rapidly increased due to globalization. This incident highlights that working women can't give much time to their children. Additionally, they cannot feed while working, opening the door for infant formula made with rice protein. Furthermore, as the number of working women rises, the potential income growth also does. As a result, they can now afford to make alternative purchases to ensure that children don't suffer from nutritional deficiencies.
Opportunities
- Change in preference for infant formula made from plants
As the infant formula market grows, so does the demand for novel plant-based infant formula. Growing numbers of vegan and vegetarian communities are expanding their diets to include their infants, creating a sizable market for businesses that make plant-based infant formula. For instance, infant formula made from soy is known for having a high protein content and is used to make non-dairy infant formula products. It provides infants with lactose intolerance with a suitable replacement.
Restraints/Challenges
- Subpar packaging and some toxic substances may limit growth
The market for infant formula containing rice protein will expand more slowly due to stringent regulations and poor packaging. The high toxin content of infant formula made with rice protein will severely hinder the market's ability to grow. The availability of numerous substitutes and fluctuating raw material prices limit market expansion. During the anticipated period, market growth for rice protein is anticipated to be constrained by the high cost of the goods.
This rice protein based infant formula market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rice protein based infant formula market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2022, A purchase agreement was signed by BENEO, a Southzucker subsidiary, to buy Meatless BV, a manufacturer of functional ingredients, in its entirety. With the acquisition, BENEO can provide an even wider selection of texturizing options for meat and fish substitutes, expanding its current product line.
- In 2020, The plant protein ingredient selection of Kerry Group was expanded. Products from the line are organic, vegan, and allergen-free and are frequently used in various food and beverage applications. Additionally, 13 new plant protein ingredients, including rice proteins, were created for the ProDiem and Hypro product lines.
- In 2020, Pevasa Biotech, a Spanish business that specializes in non-allergenic and organic plant protein ingredients for infant, general, and clinical nutrition, including rice and pea protein sources, was acquired by Kerry Group.
North America Rice Protein Based Infant Formula Market Scope
The rice protein based infant formula market is segmented on the basis of type, product type, form, infant age, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Formulated
- Unformulated
Product Type
- Standard Formula
- Toddler Formula
- Follow-On Formula
- Special Formula
Form
- Non-GMO
- GMO
Infant Age
- 6-12 Months
- 0-6 Months
- 1-3 Years
Distribution Channel
- Store-Based Retailer
- Non-Store Retailer
North America Rice Protein Based Infant Formula Market Regional Analysis/Insights
The rice protein based infant formula market is analysed and market size insights and trends are provided by country type, product type, form, infant age, and distribution channel as referenced above.
The countries covered in the rice protein based infant formula market report are U.S., Canada, and Mexico in North America.
The U.S. in North America dominates the rice protein based infant formula market. It will continue during the forecast period owing to the growing demand for natural and organic baby foods and the rising birth rate.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rice Protein Based Infant Formula Market Share Analysis
The rice protein based infant formula market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to rice protein based infant formula market.
Some of the major players operating in the rice protein based infant formula Market are:
- Nucitec S.A. de C.V. (Mexico)
- La Mandorle (France)
- Bayer AG (Germany)
- LACTALIS INTERNATIONAL (France)
- BIOLAB PHARMA (Canada)
- Novalac (France)
- Kate Farms (U.S.)
- Glanbia PLC (Ireland)
- ADM (U.S.)
- Cargill, Incorporated (U.S.)
- AVEBE (Netherlands)
- Burcon (Canada)
- Roquette Frères (France)
- AGT Food and Ingredients (India)
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