About Elemental Formula
Elemental formulas are hypoallergenic formulas also called amino-based formulas for infants with food allergies. It is produced as easy to digest and process as it contains proteins that are completely broken down and composed of individual amino acids. These formulas are free of any soy or milk proteins and hence do not causes any allergic reactions. The elemental formulas are available in drug stores, online stores, and convenience stores.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Elemental Formula has several manufacturers in the market who are planing continuous research and development and investing in it. They are producing a new range of elemental formula products according to the required regulatory standards. The companies are also planning on strategic activities to enhance their presence around the world through mergers & acquisitions and collaborations. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Laboratories (United States), Mead Johnson & Company, LLC. (United States), Nestle S.A. (Switzerland), Danone (Nutricia) (Netherlands), Ausnutria Dairy Corporation Ltd (Hong Kong), Beingmate Baby & Child Food Co., Ltd. (China) and Royal FrieslandCampina N.V. (Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Elemental Formula market by and Region.
On the basis of geography, the market of Elemental Formula has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Elemental Formula market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. E-commerce Stores will boost the Elemental Formula market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Elemental Formula market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Infants and newborns will boost the Elemental Formula market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Formulation, the sub-segment i.e. Hydrolyzed formulas will boost the Elemental Formula market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging New Range of Elemental Formula in the Market
Market Growth Drivers:
Increasing Number ofo Infants with Intolerance to Casein Hyrdolysates, Rising Number of Acute Pancreatic Patients and Demand for the Nutritionally Complete Formulas for Infants
Challenges:
Stringent Regulatory Packaging and Leveling Requirements of Elemental Formula
Restraints:
Potential Side Affects related Risk Associated with Elemental Formula
Opportunities:
Easy E-commerce Availability of Elemental Formula and Surging Awareness about the Allergic Health Problems Among Parents will Boost the Elemental Formula Market
Market Leaders and their expansionary development strategies
In March 2023, Danone North America announced the availability of new hypoallergenic baby formula brand to support with food allergic to face formula shortage.
In May 2023, Arla food Ingredients launched an alpha-lactalbumin rich infant formula ingredient called Lacprodan Alpha 50.
"According to FDA regulations manufacturers are required to prepare and follow a written master manufacturing order that establishes controls and procedures for the production of infant formula. In addition, controls are specified to prevent adulteration during packaging and labeling and on the release of finished infant formula. Infant formula must be coded with a sequential number that permits identification of the product, including the location where it was packed, and tracing of all stages of manufacture."
Key Target Audience
Elemental Formula Producers and Manufacturers, Elemental Formula International Traders, Elemental Formula Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.