The latest report by IMARC Group, titled “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global Baby Food and Infant Formula Market to exhibit moderate growth during the next five years. Infant formula is an artificially synthesized substitute of breast milk used to feed babies under twelve months of age. Baby food, on the other hand, is soft and mashed food that caters to kids of age up to two years. Baby food and infant formula are fortified with several additives like vitamins, prebiotics and fatty acids to improve their nutrient quotient. Parents widely utilize these products for feeding their children as they aid in fulfilling their nutritional requirements, and consequently contribute to their physical growth and development.
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Global Baby Food and Infant Formula Market Trends:
Rising awareness among parents about the importance of health and nutrition is the key factor driving the market growth. With growing urbanization and changing lifestyles, the shift toward convenience-oriented packaged baby food products has been witnessed worldwide. Moreover, the increasing participation of women in the workforce, and the consequent rise in their purchasing power is another key trend driving the demand for infant nutrition products. In addition to this, modernization and rising prosperity have led to the introduction of niche products categories made with high-quality, minimally processed, organic or natural ingredients. The sales of baby food and infant formula products through online retail channels has further influenced the market growth positively since they offer the customers enhanced convenience at a better price point as compared to traditional retailers. Looking forward, IMARC Group expects the global baby food and infant formula market to exhibit moderate growth during 2021-2026.
Explore full report with table of contents: https://www.imarcgroup.com/baby-food-infant-formula-market
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:
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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