Baby Food and Infant Formula Market Outlook, Top Companies Analysis, Share, Price Trends and Forecast 2022-2027

The latest report by IMARC Group, titled "Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on baby food and infant formula market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global baby food and infant formula market reached a value of US$ 45.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 64.0 Billion by 2027, exhibiting at a CAGR of 5.7% during 2022-2027.

Infant formula represents an artificially synthesized substitute of breast milk used to feed babies under twelve months of age. On the other hand, baby food is soft and mashed food that caters to kids of age up to two years. In line with this, baby food and infant formula are fortified with numerous additives, including vitamins, prebiotics, fatty acids, etc., to improve their nutrient quotient.

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Baby Food and Infant Formula Market Trends:

The widespread adoption of these products for feeding children as they aid in fulfilling their nutritional requirements and consequently contribute to their physical growth and development is primarily augmenting the baby food and infant formula market. Furthermore, the rising awareness among parents towards the importance of health and nutrition is positively influencing the global market. Apart from this, the inflating urbanization levels and the growing consumer inclination towards convenience-oriented packaged baby food items are acting as significant growth-inducing factors. Moreover, the increasing participation of women in the workforce and the elevating purchasing power of individuals are bolstering the need for infant nutrition products, which is also stimulating the market growth. Besides this, the introduction of organic, premium, and minimally processed baby food and infant formula variants and the expanding e-commerce industry are further catalyzing the global market. Additionally, the escalating demand for these products via online retail channels, as they offer enhanced convenience to customers at a better price point as compared to traditional retailers is expected to fuel the baby food and infant formula market in the coming years.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.
• Abbott Nutrition
• Nestlé S.A.
• Danone S.A.
• Mead Johnson & Company, LLC
• Kraft Heinz Company

Baby Food and Infant Formula Market Segmentation:
Our report has categorized the market based on region, type and distribution channel.

Breakup by Type:
• Milk Formula
• Dried Baby Food
• Prepared Baby Food
• Other Baby Food

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Pharmacies
• Convenience Stores
• Others

Regional Insights:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.