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Baby Food Market Analysis, Growth Opportunities and Recent Trends by Leading Manufacturers & Regions
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The market in the developing countries is growing at a faster pace, than their developed counterparts. The increasing population of China and India are expected to provide significant growth opportunity for the global market. The growing disposable incomes and improving living standards in these countries are encouraging the consumers to purchase packaged nutritional food for their babies.
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According to World Bank, the average number of births per 1000 people in developed countries was 11.2 in 2013, whereas it was 16.6 in the developing countries. The market in Latin America and Middle East is also growing at a considerable rate. The NGOs and organizations promoting baby health, such as UNICEF advice mothers to breastfeed their babies until they are at least 6 months old. To some extent, this is restraining the growth of the baby food market.
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The other major companies in the global market include Danone, Perrigo Company PLC, Mead Johnson & Company LLC, Abbott Laboratories, Hero Group, Bellamy Organics, Hain Celestial Group, Campbell Soups, and Friesland Campina.
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