Baby Food Market to Witness Huge Growth by 2027: Abbott Laboratories, Nestlé, Mead Johnson (Reckitt Benckiser)

A new 163 page research study released with title 'United States of America (USA) Baby Food, 2021 Update - Market Size by Categories, Consumer Behaviour, Trends and Forecast to 2026' provides detailed qualitative and quantitaive research to better analyze latest market scenario and staged competition. The study not just covers geographic analysis that includes regions like North America, Europe, Asia-Pacific, South America, Middle East and Africa but also players analysis with profile such as Abbott Laboratories, Nestlé, Mead Johnson (Reckitt Benckiser), Hero Group, The Hain Celestial Group, Inc., Campbells Soup Company. With n-number of tables and figures examining the Baby Food, the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2026

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Summary
"United States of America (USA) Baby Food, 2021 Update" is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the US market.

The number of live births in the US has declined sharply over the last five years, resulting in a baby population 4.6% lower in 2020 than in 2014. Moreover, both the crude birth rate and fertility rate have declined over the same period. The COVID-19 outbreak has intensified the country’s economic issues and as a result reported a GDP decline of 4.2% in 2020. The baby food sector recorded a value CAGR of 1.40% during 2014-2020. However, volume sales were down in 2020, with the sector declining at a CAGR of 1.84% during 2014-2020. There has been little change in the competitive landscape during 2014-2020 with Abbott, Nestlé, and Mead Johnson (Reckitt Benckiser) remaining in the lead in 2020, far ahead of the competition in both value and volume terms. Abbott retained the top spot in value and volume terms during 2014-2020 and remained leader in the milk’s category. Hypermarkets & supermarkets represent the leading distribution channel in the US baby food sector, with over 70% value share in 2020. Overall volume sales in the sector are forecast to expand marginally over 2020-2026 in volume terms, with value sales rising nearly with 1.74% CAGR.

What else does this report offer?

- Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
- Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
- Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
- Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.
- Future projections considering various trends which are likely to affect the industry.

Scope

- The baby milks category accounted for 66.2% of overall baby food value sales in 2020 and grew at a CAGR of 0.89% during 2014-2020
- Baby cereals & dry meals value sales fell by 0.1% from 2014 to 2020, reducing the category size to US$116 million
- The baby finger foods category rose from US$88.2 million in 2014 to US$112.8 million in 2020, registering a CAGR of 4.2%

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Reasons to Buy

- Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
- Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
- Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
- Investigates which categories are performing the best and how this is changing market dynamics.

Companies Mentioned in the Report

Abbott Laboratories
Nestlé
Mead Johnson (Reckitt Benckiser)
Hero Group
The Hain Celestial Group, Inc.
Campbells Soup Company

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Table of Contents
Introduction
Executive Summary
Market Environment
Value and Volume Growth Analysis by Region
Growth Analysis of the US Compared to Other Leading Countries in the North America Market
PCC and PCE of the US Compared to Global and North America Markets
Background
Births
The Consumer
Socio Demographic Trends
Working Women
Regulations
Breastfeeding Trends
Overview
US Baby Food Sector Snapshot
Market Size Analysis
Manufacturer Shares
Category Analysis
Baby Milks
Baby Cereals & Dry Meals
Baby Meals
Baby Finger Foods
....Continued

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