Baby Food and Infant Formula Market Research Report, Competitor Strategy, Key Players, Industry Trend, Demand, Business Opportunity and Forecast to 2024

Market Scenario

The Global Baby Food and Infant Formula Market size is projected to account for approximately USD 42.18 billion by 2025 and is expected to grow at a CAGR of 7.78% during the forecast period from 2019 to 2024. Infant formulas are artificially synthesized substitute for breast milk. On the other hand, baby food is a pureed form of solid food which assists the babies in easy consumption and digestion of food. These are made available to the babies of at least six months and above.

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Increasing per capita disposable income of the consumers in the developing countries is majorly resulting to increased spending on health and wellness of the babies which is primarily driving the growth of the baby food and infant formula market. The increasing trend of fortification of baby food with various vitamins and minerals will further boost the growth of the market. Moreover, high investment by the manufacturers in the advertisement is leading to increased product knowledge among the parents, having a positive influence on the growth of the market.

Segmentation

The global baby food and infant formula market have been segmented based on type, packaging type, distribution channel, and region.

By type, the global baby food and infant formula market have been classified as infant formula and baby food. Infant formula segment is further sub divided into starting, growing-up, and follow-on. Whereas, the baby food segment is further subdivided into meals, snack foods, cereals, beverages, and others.

The North American baby food and infant formula market have further been segmented into the US, Canada, and Mexico. The European baby food and infant formula market have been classified as Germany, France, Italy, Spain, UK, and the rest of Europe. The baby food and infant formula market in Asia-Pacific has been divided into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The baby food and infant formula market in the rest of the world has been segmented into South America, the Middle East, and Africa.

Key Players

Abbott Nutrition Manufacturing Inc. (US), Beingmate Baby & Child Food Co., Ltd. (China), Holle baby food GmbH (Switzerland), FrieslandCampina (Netherlands), Danone SA (France), Glanbia PLC (Ireland), Kraft Heinz Foods Company (US), Bellamy's Organic (Australia), Hain Celestial Group (US), Nestle SA (Switzerland), Plum Organics (US), Mead Johnson & Company, LLC (US), Sprout Organic Foods (US), Beech-Nut Nutrition Corporation (US), HiPP (Germany) are some of the key players in the global baby food and infant formula market.

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Regional Market

Asia-Pacific is expected to dominate the market for baby food and infant formula during the forecast period. China is the major contributing country in this region for the growth of baby food and infant formula market. High population growth rate and increasing per capita disposable income are the major factors driving the growth of the market in China.

Moreover, heavy investment by the key players in countries such as India, Japan, and Indonesia will further boost the market growth in this region. Europe also accounts for prominent market share with the presence of the key players in the region and their continuous product innovations. North America also holds a significant presence in the baby food and infant formula market with the US being the major contributor.

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This release was published on openPR.