Demand For Amino Acid-Based Formula Is Expected To Rise In The Next Ten Years

Market Snapshot

The global amino acid-based formula market amassed revenue worth US$ 738.4 Mn in 2020. Fact.MR, a market research and competitive intelligence provider, has recently published a revised industry analysis, which estimates the market to rise at a CAGR of 7.4% and be valued at around US$ 1,363 Mn by 2031.

Even though amino acid-based formula accounts for around 2.5% of the overall amino acid market, which was worth around US$ 28.6 Bn in 2020, protein intake among infants across the globe is anticipated to rise steadily over the next ten years, boding well for amino acid-based formula industry expansion.

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Key Takeaways from Market Study

  • The global amino acid formula market is anticipated to add 1.7X value by 2031
  • Growing-up milk formula captures nearly 45% of the global market, and is set to create an opportunity over US$ 265 Mn over the next ten years
  • One of the fastest-growing segments in the is the 4-7 age group, and the segment is anticipated to expand at a CAGR 7.8% over the forecast period
  • East Asia holds a leading share in the global amino acid formula market, of which, China accounts for the most demand, followed by South Korea.
  • First age milk formula holds over 20% of the overall market in terms revenue.

“Specialty infant milk formula is emerging at a specular rate and is anticipated to hold a significant market share,” says a Fact.MR analyst.

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  • Growing up milk formula holds the highest market share and is anticipated to expand at a CAGR of 8.9% over the forecast period.
  • East Asia amino acid-based formula market holds majority of the global share. The regional market expanded at a CAGR of 6.9% during 2016-2020 and is anticipated to surge at a CAGR of 8.7% through 2031.
  • Demand for follow-on milk formula is anticipated to increase at a CAGR of 10.4% over the forecast period.

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Amino Acid-Based Formula Industry Research Key Segments

  • By Product Type

    • Follow-on Milk Formula
    • Specialty Infant Milk Formula
    • Growing-Up Milk Formula
    • Others
  • By Type

    • Lactose Amino Acid-Based Formula
    • Lactose-Free Amino Acid-Based Formula
  • By Point of Sale

    • Prescription-Based Sales of Amino Acid-Based Formula
    • Over-the-Counter (OTC) Sale of Amino Acid-Based Formula
  • By Age Group

    • Amino Acid-Based Formula for 0-3 Months
    • Amino Acid-Based Formula for 4-7 Months
    • Amino Acid-Based Formula for 8-12 Months
    • Amino Acid-Based Formula for 12 Months & Above
  • By Sales Channel

    • Offline Sales of Amino Acid-Based Formula
      • Super and Hyper Markets
      • Specialty Outlets
      • Pharmacy Stores
      • Others
    • Online Sales of Amino Acid-Based Formula
      • Direct Sales
      • Third Party E-Commerce  Sales

Competitive landscape

The report reveals that top manufacturers of Amino acid formula include Neocate, Abbott, Ausnutria, Nestle, Mead Johnson, and Aptamil.

Key amino acid-based formula brands are focusing on increasing their market share in the Asia Pacific and European markets through joint ventures and entering into strategic partnerships with regional players and investment groups.

On the other hand, regional market players are focusing on forging long-term relationships with prominent distributor and pharmaceutical companies to sustain continuous revenue flow. In addition, global and domestic manufacturers are focusing on adopting an alternative way of selling, such as online channels, to gain more coverage in the marketplace.

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