1st
July 2019 – The
Baby Foods Market report provides an unbiased and detailed assessment of the
recent trends, opportunities, high growth areas, industry drivers, which would
help stakeholders to device and align Baby Foods market strategies according to
the latest and future market. The Baby Foods Market report covers the Global
and regional analysis. This industry report examines, keep records and presents
the worldwide market size of the important players in each region around the
globe. Also, the report offers information of the leading market players in the
Baby Foods market.
The global baby food and formula market is expected to display higher
growth rate over the upcoming years. The rapid surge in the market is credited
to the rising number of online as well as offline distributing channels and
increasing demand from working as well as older mothers.
Baby foods and formula are gaining widespread popularity among general
population due to its high nutritional content and a rich source of minerals
such as calcium, iron & zinc. Globally, baby foods and formula market is
predicted to generate massive revenue over the forecast period, providing
numerous opportunities for industry participants to invest in research and
development of baby foods and formula.
However, the rising cost of raw material sourcing and complex production
process are expected to restrain market growth to a certain extent. In
addition, most of the products available in the market are expensive. Yet, a
large number of consumers are preferring purchase of premium products for their
babies. Additionally, rising per capita income and improved living standards,
particularly in the Asia Pacific region is expected to boost market demand in
the upcoming years. A rise in the number of online distribution channels
worldwide is fostering the market growth as well.
A rising number of online as well as offline distributing channels and
availability of broad age of products are further stimulating industry
expansion over the coming years. Product differentiation is the key market
trend associated with baby foods and formula market, over the past few years.
Increasing spending by parents to ensure proper hygiene for their babies is
expected to favor market demand for baby foods and formula over the forecast
period.
The market is broadly categorized into three major segments based on the
product type such as powder baby foods and formula, liquid concentrate, and
ready-to-feed baby foods. Powder baby foods and formula segment is growing
rapidly in the baby foods and formula market with substantial revenue
generation in the last few years.
The market is divided by region as North America, Europe, Asia-Pacific,
Latin America and Africa. North America has shown major growth in recent years
owing to the rise in the implementation of latest technologies in food &
beverages sector, a surge in number of research & development activities
and existence of well-established industrial infrastructure in the region. In
the European region, Germany, France, and the United Kingdom are projected to
witness steady growth.
Asia-Pacific region is estimated to hold a major share in the baby foods
and formula industry with massive growth in the forecast period. Countries such
as India, China and Singapore are leading the Asia-Pacific market with strong
economic growth, rising disposable income, an ever-growing population,
favorable government initiatives, and significant investment by leading
industry players considering potential growth opportunities in the region.
The key players in the baby foods and formula market are Abbott
Laboratories Group, Danone S.A., Bledina S.A., H. J. Heinz Co., The Hain
Celestial Group, Inc., Ella's Kitchen Group Ltd., The Hero Group, Beech-Nut
Nutrition Corp., Semper AB, Mead Johnson Nutrition Co., Morinaga Milk Industry
Co., Ltd., Nestlé S.A., Gerber Products Co., Nurture Inc., Parent's Choice LLC,
Plum Organics Co., Synutra International, Inc., and Wakodo Co., Ltd.
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