Baby Food and Infant Formula Market Revenue | Value Share, Global Analysis and Forecast to 2024

31/mar/2020 12:52:43 suraj taur Contatta l'autore

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Market Overview

Baby food is used by infants when appropriate complementary feeding is introduced and constitutes the principal liquid element in a progressively diversified diet. Infant formula is an artificially synthesized substitute for mother’s milk, used to feed babies under the age of 12 months. The ingredients used in infant formula are certified and free from chemicals, which are a healthy choice for infants.

The increasing number of parents is determined to provide optimal nutrition to their infants. They opt for packaged baby foods and infant formulas to supplement breastfeeding. This coupled with the increased concern of parents for the health, and nutritional requirements of their babies have significantly contributed to the increase in demand for baby food and infant formula over the last few years. Further the Research Analyst adds, one of the primary drivers for this market is the increasing health concerns among parents. The Sector - organic baby foods is the fastest growing sector reason being safer and nutritionally superior to conventional baby food.

Major Key Players Analysis

Global Baby Food and Infant Formula Market Revenue are highly fragmented mainly due to the constantly changing consumer demands and preferences. Also, the market is highly competitive due to the presence of numerous players having regional and global presence. This further encourages players operating in the baby food and infant formula market to compete based on price, quality, innovation, reputation, and distribution.

The study Report identifies the following corporations as the key players in the Global market of Baby Food and Infant Formula - Hipp organic, Heinz Nature, Abbot Nutrition, Cow&Gate and Nestle. Other prominent key players of the market identified in the study report are - Danone, Mead Johnson Nutrition, and Danalac.

Regional Analysis

North-America and Europe has dominated the market for Global Baby Food and Infant formula Market with the largest market share. North America is further expected to continue the dominance. 

Asia-Pacific and Middle East are the growing market for Global Baby Food and Infant formula Market and are expected to grow at a considerable rate of CAGR during 2016 to 2024. 

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Industry Segments

The highly competitive market for Global Baby Food and Infant formula can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Comprises Baby Meals, Baby Cereals & Dry Meals, Finger foods, other Baby foods.

Segmentation by Ingredients  : fruits & vegetables, Comprises Dairy, grains and meat.

Segmentation by Infant Formula: Comprises cow milk formula, soy-formula, protein hydrolysate formula, and lactose free formula and others. 

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