Press release
Baby Food and Infant Formula Market to receive overwhelming hike in Revenues by 2021
There are mainly three forms of infant formula, which are powder, liquid concentrate, and ready-to-feed. Powder is the least expensive form of infant formulas and it is used by mixing with water before feeding to the infant. Liquid concentration is mixed with equal amount mixed with water before it is given to the infant. In case of ready-to-feed infant formula, no mixing up of any liquid is required and can directly used for feeding purpose. Growing urbanization, rising disposable income level of individual and increasing population base are some of the key reason, which drive the baby food and infant formula market in all across the globe. Decline in birth rate in developing countries acts as a major challenge for the growth in baby food and infant formula market.
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Among various regions, Asia Pacific market is one of the prominent market for baby food and infant formula and this market is expected to witness fastest growth rates during forecasted period 2014- 2020. In Asia Pacific region, China and India holds the largest share in baby food and infant formula market. North America is one of the largest markets for baby food and infant formula. In North America region, the U.S accounts the largest market share in baby food and infant formula.
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According to a report, around 1 million infants in the U.S. intake baby food and infant formula post birth and this rises to 2.7 million by the time, when baby reach to three months. The global baby food and infant formula market is expected to grow in a single digit growth rate during forecasted period 2014- 2020.
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