Baby Food and Infant Formula Market Size Worth US$ 67.6 Billion By 2028 | CAGR of 5.52%

The latest report by IMARC Group, titled "Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", 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 size reached US$ 48.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.52% during 2023-2028.

Baby food and infant formula are specially formulated products designed to meet the nutritional needs of infants and young children. Baby food typically refers to soft, pureed, or mashed food suitable for infants transitioning from breast milk or formula to solid foods. These foods are often made from fruits, vegetables, and grains that are easy to digest and provide essential nutrients for a baby's growth and development. Infant formula is a milk substitute specially designed to provide all the nutrients a baby needs during the first few months of life when breast milk is unavailable or insufficient. Infant formula typically contains proteins, carbohydrates, fats, vitamins, and minerals like breast milk. The formula can be made from cow's milk, soy milk, or other sources, depending on the baby's needs and any potential allergies or intolerances.

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Market Trends:

The global market is majorly driven by the increasing birth rates. In line with this, the changing lifestyle patterns and the growing trend of nuclear families are significantly contributing to the market growth. Furthermore, the rising disposable incomes of individuals are positively influencing product demand worldwide. Apart from this, the escalating demand for nutritional products for infants and young children is catalyzing the market. Moreover, the key companies are focusing on product innovation, expanding their product portfolios, and strategic partnerships to maintain their market share and stay competitive. Besides, the shifting consumer preferences towards clean-label and plant-based products are expected to stimulate the market. Additionally, the convenience of the product and compositional enhancement is providing a boost to the demand among parents. Some of the other factors driving the market include heavy investments by the market players in the research and development of innovative products, a rising focus on the nutritional needs of infants, an increasing number of working females and mothers, and growing cases of lactation.

Explore Full Report with Table of Contents: https://www.imarcgroup.com/baby-food-infant-formula-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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 (2017-2022)
• Market Outlook (2023-2028)
• 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.