Global Baby Food Market: High Demand for Infant Formula to Induce Momentum

A new research study titled “Global Market Study on Baby Food: Demand for Infant Formulas to Gain Traction During 2017 – 2026” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE), The report projects the global baby food market to grow at 5.5% CAGR and reach nearly US$ 100 Bn in revenues.

Download Sample Copy in a PDF at- https://www.mrrse.com/sample/4360

According to the report, growing awareness on the importance of nutritious baby food is transforming the global baby food landscape. Parents are focusing on providing a balanced diet to their children, and this has led to the launch of new products derived from natural and organic ingredients. Manufacturers operating in the market are focusing on launching cost-effective and nutritious products to appeal to a wider user base.

The growth of the baby food market is also likely to be complemented by increasing penetration in tier II and suburban areas in developing countries. In many towns and villages, parents are shifting from traditional baby food to the products available in the market. The adoption of baby food products in developing countries is also likely to provide an impetus to growth during the assessment period.

The report offers detailed insights on the key baby food product segments that are likely to witness steady growth over the forecast period. According to the report, infant formula continues to be a leading product segment in the global market, accounting for nearly three-fifth revenue share of the market. In addition to infant formula, demand for baby juices is also likely to witness steady growth during the assessment period.

According to the report, demand for organic products is growing at a steady pace, however, the bulk of the products sold in the market are non-organic. This is on account of the high price of organic products. According to the report, sales of non-organic baby food are likely to reach nearly US$ 85 Bn by the end of the forecast period. The report also offers analysis on the key distribution channels in the global baby food market, with modern trade accounting for the leading revenue among all the distribution channels. In addition to modern trade, sales of baby food products are also likely to remain significant through the drug stores and specialty stores.

The report also includes a detailed competitive landscape that profiles the business and product strategies of some of the leading players in the market. Some of the leading players in the global baby food market include Nestlé SA., H.J. Heinz., Bristol-Myers Squibb., Hangzhou Royal FrieslandCampina NV, Beingmate Group Co Ltd., The Hain Celestial Group Inc, DANONE., Mead Johnson Nutrition Co., Abbott Laboratories Inc., Inner Mongolia Yili Industrial Group Co Ltd., GlaxoSmithKline Plc., Pfizer Inc., Hero Group GmbH, and Arla Foods Amba.

Browse Full Global Baby Food Market Report with TOC : https://www.mrrse.com/global-baby-food-market

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This release was published on openPR.