U.S. Baby Infant Formula Market to Surpass Worth $๐,๐๐๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐ at 8.6% CAGR - Report by Allied Market Research
๐๐ก๐ ๐.๐. ๐๐๐๐ฒ ๐๐ง๐๐๐ง๐ญ ๐ ๐จ๐ซ๐ฆ๐ฎ๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ญ $๐,๐๐๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐, ๐๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐๐๐ก $๐,๐๐๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, ๐ซ๐๐ ๐ข๐ฌ๐ญ๐๐ซ๐ข๐ง๐ ๐ ๐๐๐๐ ๐จ๐ ๐.๐% ๐๐ซ๐จ๐ฆ ๐๐๐๐ ๐ญ๐จ ๐๐๐๐. ๐๐ง ๐๐๐๐, ๐ญ๐ก๐ ๐๐๐ซ๐๐จ๐ก๐ฒ๐๐ซ๐๐ญ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐๐๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐จ๐ซ ๐๐.๐% ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ก๐๐ซ๐. Physician recommends infant formula as an alternative to breastmilk. As many working mothers resume their jobs shortly after giving birth, infant formula serves as a healthy and nutritious alternative that can be fed at convenience. Thus, increase in participation of women in labor force has led to rise in preference for infant formula for their babies. This acts as a key driving force of the baby infant formula market in the U.S. Furthermore, high nutrition contents in baby infant formula, change in lifestyle, rise in middle-class population, and increase in disposable income are expected to propel the market growth during the U.S. baby infant formula market forecast period.๐๐ซ๐๐ ๐๐๐ ๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐๐จ @: 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.
๐๐๐ฃ๐จ๐ซ ๐๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ:
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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