What’s driving the Growth of Baby Food Market | Prominent Players: Danone, Perrigo Company plc, Mead Johnson Nutrition, The Kraft Heinz Company, Abbott, Hero Group

The ever-increasing population across the globe as well as growing demand for quality nutrition are the key factors driving baby food market.

According to United Nations, the world population is forecasted to reach 8.6 billion by 2030, and is likely to reach 9.8 billion in 2050, with around 83 million people being added to the population each year. Besides, rapid urbanization and growing disposable income is expected to propel the market growth in coming years.

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Babies, owing to their rapidly developing bodies and susceptibility to sickness, are one of the most vulnerable consumers. Therefore, the safety standards for their food must be high enough to ensure their wellbeing, as well as their parents’ satisfaction.

However, rising concerns of adulterated baby foods as well as false information regarding nutritional content have led to a downfall in their reputation.

Baby food is a type of food specifically produced for babies less than or about two years of age. The food is inherently made soft for easier consumption and is available in various varieties and flavors as per the requirements.

Asia-Pacific was the largest baby food market globally in 2017 in terms of sales revenue. This is attributed to the ever-increasing population in Asian countries such as India, Bangladesh, Indonesia, and Myanmar, along with the growing organized retail sector in the region.

Based on type, the market has been classified into milk formula, dried baby food, prepared baby food, and others. As baby grows, the food requirements shift from milk formula-based foods toward dried and prepared foods. Milk formula-based foods constitute the majority of share of baby food market, globally, since it is the basic requirement for baby during its initial months.

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The other major companies in the market include Danone SA, Perrigo Company PLC, Mead Johnson & Company LLC, Abbott Laboratories, Hero Group, H. J. Heinz Company, Bellamy’s Organic Pty Ltd, Hain Celestial Group, The Campbell Soup Company, and Royal FrieslandCampina N.V.

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This release was published on openPR.