Amino Acid Based Formula Market - Forecast(2023 - 2028)

Amino Acid-Based Formula Market Report Coverage

The “Amino Acid Based Formula Market Report - Forecast (2022-2027)” by Industry ARC, covers an in-depth analysis of the following segments in the Amino Acid Based Formula Market.

by Type: Lactose and Lactose-Free.
by Application: New Born, Infant and Toddler.
by Geography: North America (the US, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest Of The World (the Middle East and Africa).

Key Takeaways

• Geographically, North America (Amino Acid Based Formula Market share) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the progress in the lactose and lactose-free amino acid-based formula products in the North American region.
• Amino Acid Based Formula Market growth is being driven by the increasing allergic reactions of infants to cow’s milk. However, the soaring cost and bitter taste of Amino Acid Based Formulas are some of the major factors hampering the growth of the Amino Acid Based Formula Market.
• Amino Acid Based Formula Market Detailed Analysis of the Strengths, Weaknesses and Opportunities of the prominent players operating in the market will be provided in the Amino Acid Based Formula Market report. 

Amino Acid Based Formula Market Segment Analysis - by Type

The Amino Acid Based Formula Market based on type can be further segmented into Lactose and Lactose-Free. The Lactose-Free Segment held the largest Amino Acid Based Formula Market share in 2021. This growth is owing to the increasing predominance of lactose intolerance among newborn babies. Lactose-free baby formula is a cow’s milk-based formula prepared specifically for lactose-intolerant babies. The rare occurrence of galactosemia is further propelling the growth of the Lactose-Free segment. Furthermore, the Lactose-Free segment is estimated to grow with the fastest CAGR of 9.3% during the forecast period 2022-2027 owing to the soaring accessibility of lactose-free formula alternatives like Enfamil ProSobee, Similac Soy Isomil, Baby's Only Organic LactoRelief Formula and Similac Pro-sensitive which may be administered to babies on the prescription of the physician.

Amino Acid Based Formula Market Segment Analysis - by Application

The Amino Acid-Based Formula Market based on the application can be further segmented into New Born, Infant and Toddlers. The New Born Segment held the largest Amino Acid Based Formula Market share in 2021. This growth is owing to the soaring revenues gathered from the application of amino acid-based formulas in the New Born segment. The surging prescription of amino acid-based formulas by physicians for newborn babies having a milk protein allergy is further propelling the growth of this segment. Furthermore, the Infant segment is estimated to grow with the fastest CAGR of 9.5% during the forecast period 2022-2027 owing to the heightening prescription of URAMINO A + for infants as an only source of nutrition up to six months and a principal source of nutrition up to 24 months of age.

Amino Acid Based Formula Market Segment Analysis - by Geography

North America (Amino Acid Based Formula Market) held the largest Amino Acid Based Formula Market share with 41% of the overall market in 2021. The growth of this region is owing to the surging progress in lactose-free amino acid-based formulas in the North American region. The adoption of attractive packaging options for effortless child feeding is further propelling the growth of the Amino Acid Based Formula Industry, thereby contributing to the Amino Acid Based Formula Industry Outlook, in the North American region. Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the rising purchasing power in the Asia-Pacific region. The introduction of hypoallergenic formulas is further fuelling the progress of the Amino Acid Based Formula Market in the Asia-Pacific region.

Amino Acid-Based Formula Market Drivers

Surging Applications of Amino Acid Based Formula are Projected to Drive the Growth of Amino Acid Based Formula Market:

As per guidelines from NASPGHAN (North American Society for Pediatric Gastroenterology, Hepatology and Nutrition), the application of a widely hydrolyzed or amino acid-based formula is efficient in decreasing signs of GERD (Gastro-oesophageal reflux disease). This suggestion is based principally on the formerly noted overlap in clinical findings between CMPA (Cow’s Milk Protein Allergy) and GERD in nearly 50% of babies, which can involve spitting up, fussiness and poor weight gain. In one investigation by Corvaglia, a widely hydrolyzed formula administered to premature infants decreased the count of GER (Gastro-oesophageal reflux ) episodes. The surging applications of amino acid-based formulas are therefore fuelling the growth of the Amino Acid Based Formula Market during the forecast period 2022-2027.

Soaring Applications of Amino Acid Based Elemental Formula are Expected to Boost the Growth of the Amino Acid Based Formula Industry:

Amino acid-based elemental formulas (AAFs) are utilized for the treatment and nutrition of children with food allergies who demonstrate no clinical enhancement when fed with widely hydrolyzed casein-whey protein formulas (eHF) or who develop allergic reactions to these formulas. As per Nebraska Revised Statute 68-158, Nebraska residents with some conditions that need medically essential amino acid-based elemental formulas may accept reimbursement of up to fifty percent (50%) of out-of-pocket expenses for these formulas. The soaring applications of Amino Acid Based Elemental Formula are therefore driving the growth of the Amino Acid Based Formula Industry, thereby contributing to the Amino Acid Based Formula Industry Outlook during the forecast period 2022-2027.

Amino Acid-Based Formula Market Challenge

Allergies Associated with Amino Acid Based Formulas are Hampering the Growth of the Amino Acid Based Formula Market:

Amino acid-based formulas have not been investigated for the avoidance of allergy. Particular formulas and their impacts on the avoidance of allergy in the baby at risk have been attended to in randomized controlled clinical trials. Hypoallergenic formulas are more high-priced than regular cow’s milk formulas. Unfortunately, in certain cases, the health insurance firm will refuse to pay for these formulas. The American Academy of Pediatrics (AAP) defined formula as hypoallergenic if it guarantees 95% confidence that 90% of infants with confirmed cow's milk allergy (CMA) will not react to defined symptoms under double-blind, placebo-regulated conditions. These issues are thus hampering the growth of the Amino Acid Based Formula Market.

Amino Acid-Based Formula Industry Outlook

Mergers and acquisitions, strategic partnerships, joint ventures and financing in R&D activities are key strategies adopted by players in the Amino Acid Based Formula Market. The top 10 companies in the Amino Acid Based Formula Market are:

1. Neocate
2. Abbott Laboratories
   
3. Ausnutria Dairy
4. Nestle S.A.
5. Mead Johnson & Company, LLC
   
6. Aptamil
7. EleCare (Similac)
8. Enfamil Puramino
9. Danone S.A.
10. Alfamino Infant

Recent Developments

• In July 2022, Danone introduced the novel Dairy & Plants Blend baby formula. This is aimed toward Parents wishing for feeding alternatives appropriate for vegetarian, flexitarian and plant-based diets. The particular nutritional needs of the baby are also fulfilled.
• In March 2022, as per a clinical trial backed by Danone, new infant formula was developed. It was not then commercialized. It was demonstrated to advance development comparable to standard products.
• In September 2020, Danone launched China’s earliest hypoallergenic amino acid-based formula. It was targeted towards toddlers allergic to a food protein. It is termed Neocate Junior.

Relevant Reports: