Elemental Formula Market To Justify The Digital Transformation

Elemental formula sales will continue to be influenced by the ever-evolving demand for high-quality and cost-effective infant formulas. Alongside rising awareness of the interplay between nutrients and physiological well-being, the global demand for elemental formula is estimated to surpass 8,400 tons in 2019, up from 7,881 tons in 2018. Fact.MR’s new research study profiles the evolving landscape of elemental formula market, bringing key insights to the fore.

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As per the report, demand of elemental formula, otherwise known as amino acid based formula, is witnessing a quantum leap in line with the undeniable importance of protein as a chief macronutrient in infant nutrition.

“Sales of elemental formula will witness sheer proliferation in line with multipronged broad factors, including need for effective supplements ensuring optimal infant health. Use of elemental formula as a vital part of dietary management of food allergies is one among the key touchpoints influencing sales growth”, says Fact.MR report

According to the study, use of elemental formula for infant nutritional management of Cow’s Milk Protein Allergy (CMPA) is gaining attention, both across developed and developing economies. The effectiveness of elemental formula for CMPA instances is being further backed by favorable recommendations from renowned organizations, such as American Academy of Pediatrics (AAP) and European Society of Pediatric Gastroenterology, Hepatology, and Nutrition (ESPGHAN). Elemental formulas are being widely-embraced for infants and children suffering from severe malabsorption, making it a force to reckon with in the infant nutrition space.

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The report states that end-user preference for conventional elemental formula remains significant high, with global demand anticipated to surpass 7, 800 tons in 2019. Easy availability at economical prices is one among the chief factors fuelling investments in conventional elemental formula. Sales of organic elemental formula is also estimated to witness a healthy growth in 2019, attributed to growing end-user confidence on organic infant formulations, driven by a pervasive belief of ‘organic’ being synonymous with ‘healthy’.

Elemental formula Market – Segmentation

The report provides a comprehensive analysis and estimate on elemental formula market based on segmental analysis. The key segments identified in elemental formula market include nature, formula type, end product form type, distribution channel and region.

Fact.MR analysts have studied the elemental formula market segments, thereby, providing an explicit comparison between key market data, such as Y-o-Y growth, market share, volume, and revenue. The report also carries regional performance of elemental formula market, bifurcating the market into North America, Europe, Japan, Oceania, Middle East & Africa (MEA), Latin America and Asia-Pacific excluding Japan (APEJ).

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Fact.MR’s report offers compelling insights into the elemental formula market over the forecast period of 2018-2028. As per the report, the elemental formula market is lily to proliferate at a volume CAGR of over 8% during the forecast period.

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