Baby Food Market is Anticipated to Reach USD 68 billion in 2027, growing at a CAGR of 6.3% by 2027 | Size, Share & Forecast Analysis
The Baby Food Market is estimated to reach USD 68 billion in 2027, expanding at a CAGR of 6.3% over the forecast period (2020-2027).
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-baby-food-market/
However, the growth of Baby Food Market is hindered due to growing concerns related to adulterated baby foods.
The leading players operating in the market are Mead Johnson & Company, LLC., DMK Group, Kewpie Corporation, Hain Celestial, Nestle S.A., Danone S.A., Reckitt Benckiser Group plc., Abbott, Hero Group and Perrigo Company Plc., among others.
Based on Product, the Milk Formula segment is predicted to capture the largest market share during the forecast period
Milk formula reduces the chances of getting ear infections, diarrhea, and respiratory infections, are pushing the segment's growth.
Based on Distribution Channel, the Hypermarket/ Supermarket segment is projected to grow at a remarkable CAGR over the forecast period
Supermarkets provides wide range of baby food products at attractive discount options and offers free home delivery options, are some of the factors responsible for the segment's growth.
Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period
As per the Baby Food Market Research Report, growing demand for prepared baby food products, rising awareness about the nutritional benefits of baby food products, rapid urbanization, increasing disposable incomes and high population growth rates, are some of the important factors augmenting the market growth.
In 2020, Nestle S.A. introduced a single-material pouch for its baby food products designed for the future of recycling, the new pouch will be available in the U.S Market exclusively on TheGerberStore.com for Gerber's Organic Banana Mango Puree which started in May 2020.
In 2020, Danone S.A. announced to launch an infant formula tracking service in Germany, France, Australia, and New Zealand. This service will enable distributors and retailers to predict the consumer preferences.
In 2020, Hero Group and Angelini Holding entered into a joint venture to introduce a new baby food business in Italy.
Segmentation by Product
Prepared Baby Food
Dried Baby Food
Segmentation by Type
Segmentation by Distribution Channel
Segmentation by Region
Rest of APAC
United States of America
Rest of Europe
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