Baby Food Market To Touch a New Level in Upcoming Year - Key Players Involved Nestle S.A., Groupe Danone, Abbott Laboratories, Hain Celestial Group, Kraft Heinz Company, Bristol-Myers Squibb, Hero Group, Morinaga Milk Industry Co. Ltd., and Cargill

The baby food market is expected to register a CAGR of 6.37% over the forecast period (2017-2025) to reach US$ 60.04 Billion by 2025.Major factors propelling the growth of baby food market include increasing food safety concerns and the growing awareness among parents regarding the requirement of adequate nutrition in the daily diet of infant and toddlers for their overall development. In addition to this, increased spending on children health care and the growing demand for organic baby food is expected to largely support the overall growth of baby food market during the forecast period.

Based on source type, organic baby food is expected to show significant growth, witnessing highest CAGR, during the forecast period. Furthermore, based on product type, baby food market is segmented into dried baby food, infant milk formula, ready to eat baby food, infant cereals and others. Infant milk formula products was the major factor contributing to growth of the global baby food market, in 2016.

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Based on distribution channel, the market is segmented into hypermarket, supermarket, drug stores, online channel, specialty stores, and others. Supermarket contributed the largest share in the global baby food market, in 2016. This was due to high discounts and attractive offers given in supermarkets. Furthermore, online channel is expected to show significant growth during the forecast period, owing to increasing number of consumers opting for online platforms to get home-delivered baby products.

Latin America is projected to be the fastest growing market witnessing highest CAGR among all the regions during the forecast period. This is due to the growing awareness regarding the nutritional diet of babies and improved conditions of primary and secondary health care for urban population which resulted in the reduced infant mortality rate in the region, thus supporting the overall growth of baby food market in Latin America.

Major companies operating in the global baby food market include Nestle S.A., Groupe Danone, Abbott Laboratories, Hain Celestial Group, Kraft Heinz Company, Bristol-Myers Squibb, Hero Group, Morinaga Milk Industry Co. Ltd., and Cargill Inc.

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This release was published on openPR.