DUBLIN, Nov. 19, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/54w4fm/baby_food_market) has announced the addition of the "Baby Food Market - Opportunities and Forecasts, 2014 -2020" report to their offering.
According to a new report by Allied Market Research titled, World Baby Food - Market Opportunities and Forecasts, 2014 - 2020, the global Baby food market is estimated to garner a revenue of $72.7 billion by 2020, registering a CAGR of 6.4 % during 2015 - 2020. Milk formula stands out as the largest segment, primarily fueled by the growing awareness towards baby nutrition and a decrease in breast feeding among the working women population. Prepared baby food is identified as the most promising product segment in this market. Presently, supermarkets account for the largest sales channel in the market, however, over the forecast period, the segment of small grocery retailers is estimated to register the fastest growth rate. Asia Pacific is the highest revenue generating region in the global baby food market; and is estimated to register highest CAGR of 7.7% during 2015 - 2020.
The world baby food market is segmented based on product type, distribution channel and geography. Based on product type, the market is segregated into dried baby food, milk formula, prepared baby food, and other baby food. Presently, milk formula occupies the largest market share followed by the product segment of prepared baby food. However, over the forecast period, product segment of prepared baby food would gain prominent adoption in the global market. Sales of milk formula baby food is highly concentrated in the APAC region. Alternatively, demand for prepared baby food is largely limited to developed regions.
- Mead Johnson
- Abbott laboratories
- Perrigo Company
- Bellamy Organics
- Hain Celestial Group
- Campbell soups
- Friesland Campina
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD BABY FOOD MARKET BY PRODUCT TYPE
CHAPTER 5 WORLD BABY FOOD MARKET BY DISTRIBUTION CHANNEL
CHAPTER 6 WORLD BABY FOOD MARKET BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILE
For more information visit http://www.researchandmarkets.com/research/54w4fm/baby_food_market
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets