NEW YORK, Nov. 30, 2016 /PRNewswire/ -- The global baby food market is projected to reach USD XX.XX billion by 2021, growing at a CAGR of approximately 6.2 %, during the period of 2016 to 2021. In 2015, the value of the global baby food market was USD 53.31 billion.
Baby foods are essentially the first alternative to the breast milk during the growth and development of babies. Purees of natural fruits and vegetables are given as nutritional food for babies initially. As they grow, the baby food available for them varies from infant formula to solid dried baby foods. Currently, health conscious parents are opting for organic baby foods over conventional baby food.
The global baby food market has experienced significant growth over the past few years, primarily due to rising population of working women, and their concern for good nutrition for their babies. Furthermore, manufacturing of baby food under strict health and safety standards has helped creating the awareness about the usefulness of packaged baby foods in providing the required nutrition for babies. This in turn has escalated the demand for baby food in the world market. Additionally, baby food is gaining popularity in the high income groups as a part of their status quo, especially in the emerging markets, which is expected to further drive the baby food market in emerging economies.
Currently, owing to increasing demand for nutrition from the natural sources, the organic baby food segment is growing at a significant pace and several large players are engaging themselves to cash in the untapped markets
The report segments the global baby food market by type, products, end use, distribution channel and region. The baby food market, on the basis of types, is segmented as conventional baby food and organic baby food. Furthermore, on the basis of products the baby food market is segmented as cereals, bottled food, food snacks, food soup, frozen food, dried baby food and others. In terms of end use, the market is segmented into infants and toddlers and others. By distribution channels, market is segmented into hyper markets/super markets, convenience stores, dollar stores, online retailers and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific and Rest of the World. African countries, Brazil, India and Middle East have experienced significant growth over the last decade. Asia – Pacific region accounts for the highest global market share, followed by Europe, and North America. The growth in Asia-Pacific region is driven by rapid urbanization and changing lifestyles. . Emerging markets such as India, China and Indonesia are the major growth contributors in the growth of baby food market in Asia-Pacific.
The companies covered in the report include Bristol-Myers Squibb, Danone, Hero Group, H.J. Heinz, Nestle SA, Abott Nutrition, Numico, Wyeth, East Asiatic co Ltd, Ella's Kitchen, Mead Johnson, and, Perrigo Company
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. Moreover, this report provides insights on the factors which drives and restrains the demand of baby food both globally and regionally. This report contains IGR-Growth Matrix Analysis which pans out insights on investment areas which current or new market players can consider. The report provides insights into market using analytical tools such as Porter's five forces analysis and value chain analysis of baby food. Moreover, the study highlights current market trends and provides forecast during the period 2016-2021. We have also highlighted future trends in the baby food market which will impact the demand during the forecast period. In addition to that, the competitive analysis given in regional market brings an insight on the market share of the leading players. The analysis also highlights the rise and fall of the leading players in terms of market share. This report will help manufacturers, suppliers, distributors and retailers of baby food market to understand the present and future trends in this market so that they can relatively formulate their strategies.
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