Amino Acid Based Formula Market Scope
The amino acid-based formula is a type of hypoallergenic infant formula made from individual amino acids. It is also known as an elemental formula. Amino acids are building blocks of the protein and together they form the protein requirements in formula needed for growth and development. Amino acids are in the simplest form which is processed and digested by the body easily. These formulas are most commonly preferred for conditions like milk or soy protein allergy, multiple food protein intolerance, GERD, Eosinophilic esophagitis and others. In the United States EleCare, Neocate and Enfamil Puramino are the more commonly encountered brands of amino acids.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nutricia (Netherlands), Nestlé S.A. (Switzerland), Mead Johnson & Company, LLC (United States), Danone S.A. (France), Abbott Laboratories (United States) and Ausnutria Dairy Corporation Ltd. (China) |
CAGR | 20.3% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Amino Acid Based Formula market throughout the predicted period.
Nutricia (Netherlands), Nestlé S.A. (Switzerland), Mead Johnson & Company, LLC (United States), Danone S.A. (France), Abbott Laboratories (United States) and Ausnutria Dairy Corporation Ltd. (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Amino Acid Based Formula market by Type , by Application (0-3 Months, 4-7 Months, 8-12 Months, 12 Months & Up and Others) and Region with country level break-up.
On the basis of geography, the market of Amino Acid Based 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2017 , Danone India announced the launch of its global brand Neocate in India which is a hypoallergenic, amino acid-based formula intended for use in dietary management of Cow’s Milk Allergy, the most common food allergy in infants and young children globall
In May 2022,Abbott announced that the U.S. District Court for the Western District of Michigan has amended the recent consent decree allowing Abbott to release limited quantities of its EleCare specialty amino acid-based formulas that were previously on hold following the Feb. 17 recall of some powder infant formulas from its Sturgis, Mich., facility.
Market Growth Drivers:
Increased Milk Protein Allergy Conditions in the Infants, Increased Awareness about Infant Care among the Parents and Increased Marketing and Promotional Activities
Challenges:
Fluctuations in the World Economy and Heavy Taxation Policies and Stringent Regulations
Restraints:
Fluctuations in the Raw Material Prices and Lack of Awareness in Developing Countries
Opportunities:
Increased Birth Rates across the Globe, Growing Number of Regulatory Approvals and Huge Investments and Franchising By Major Players
Key Target Audience
Amino Acid Based Formula Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user