Baby Food Market : Comprehensive Evaluation Of The Market Via In-Depth Qualitative InsightsProducts catering to the nutritional needs of babies are of great value for parents who actively seek new & improved infant formulas and easy-to-digest baby foods. Being one of the fastest-growing retail product in the food & beverage sector, baby foods continue to gain grounds by capitalising on increasing consumer spending of middle-class parents across all parts of the world.
Lifestyle trends stapled to urban cultures have instrumented the emergence of working women, majority of whom are mothers. Against this backdrop, baby foods serve as the ideal substitutes for breast milk, and help in providing optimum nutrition to babies. Although, companies manufacturing baby foods continue face stiff competition with respect to development of new food formulas and strict safety standards.
The global market for baby foods is estimated to reach US$ 62 Bn in value by the end of 2022, reflecting a moderate CAGR during the assessment period, 2017-2022.
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Factors such as increasing population of working mothers, rising awareness regarding the benefits of organic baby foods, and higher birth-rates recorded in different regions are expected to drive the demand for baby foods over the period of next five years.
The report projects that demand for dried baby foods is expected to remain dominant in the global market throughout the forecast period. However, the global sales of infant formulas are expected to witness speedier growth compared to other products available in the baby foods market. By the end of 2022, infant formulas sold across the globe are projected to reflect more than 6% CAGR.
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Manufacturing baby foods is a meticulous task that requires attention to eliminating elements causing health problems to babies. Tender age of the babies, coupled with their nascent digestive capacities, makes baby food manufacturing difficult, even for multinational food & beverage companies.
The report observes companies such as Nestlé S.A., Mead Johnson & Company, LLC, Cargill Inc., The Hain Celestial Group, Inc., Hero Group A.G., Danone, The Kraft Heinz Company, Bellamy Organics, DSM, Arla Foods amba, Abbott Laboratories, Perrigo Company, and Campbell soups Company as active players in the global market for baby foods during the forecast period.
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