U.S. Baby Infant Formula Market to Surpass Worth $𝟔,𝟕𝟖𝟒.𝟕 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 at 8.6% CAGR - Report by Allied Market Research
𝐆𝐫𝐚𝐛 𝐏𝐝𝐟 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨 @: https://www.alliedmarketresearch.com/request-sample/11214
The Growing-up milk segment would witness the fastest growth, registering a CAGR of 9.7% during the forecast period.
In 2019, the infant milk segment dominated the U.S. market due its popularity among customers as the healthy and nutritious alternative to the breast-milk and better convenience. Various infant milks are supplemented with probiotics that prevents diarrhea, ease colic, and lowers the risk of allergies in infants. However, growing-up milk segment is expected to be the fastest-growing during the forecast period. Growing-up milk products are intended for children between 1 and 3 years of age, and these products are increasingly being introduced into the diets of young children. Growing-up milk helps to compensate nutritional deficiencies, which may occur in the transition phase of infant nutrition to family food. It is very rich in vitamin and calcium required for the normal growth.
𝐌𝐚𝐣𝐨𝐫 𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
The key players studied in the report are Abbott Laboratories, Arla Foods Amba, Aussie Bubs, Bobbie, Campbell Soups Company, Dana Dairy Group Ltd, Danone Sa, D-Signstore, Else Nutrition Holdings Inc, Hipp Gmbh & Co. Vertrieb Kg, Holle Baby Food Ag, Kabrita Usa, Nature's One, Llc, Nestle S.A, Reckitt Benckiser Group Plc, And The Hain Celestial Group, Inc.
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Based on the distribution channel, the hypermarkets segment dominated the market due to the facilities provided to customers such as reasonable prices, conveniences, and availability of desired brands and products. Hypermarkets are the most popular place for buying things among the U.S. population. However, Pharmacy/medical stores segment is expected to be the fastest growing segment due to the unawareness about the ingredients in infant formula and issues related to baby food safety. Hence, parents' belief on doctors and pediatricians is high and this factor drives the growth of the pharmacy/medical stores segment.
Key Benefits For Stakeholders
The report provides a quantitative analysis of the current U.S. baby infant formula market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis and the market size and segmentation assists to determine the prevailing U.S. baby infant formula opportunities.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the U.S. baby infant formula industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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