HYDERABAD, India, August 25, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the infant nutrition market. The report titled, "Global Infant Nutrition Market-Trends, Growth and Forecast" discusses the current landscape and outlook of the said market.
The global infant nutrition market is estimated to peak at USD 50.2 billion in 2016 and reach USD 70 billion by 2021, growing at a CAGR of 6.9% during the forecast period. The report is an amalgamation of the current market scenario, its prospects and forces driving & restraining the market growth. The report highlights the North American, European, Asia-Pacific, Latin American and Middle East & African markets.
Despite a drop in birth rates across the globe, the market is witnessing high growth due to an increase in the adoption of packaged milk formula in developed as well as emerging economies. High adoption of infant nutrition is expected to be seen in Asia-Pacific countries over the next five years.
Nestle, Mead Johnson Nutrition CO, DANONE, Abbott and FrieslandCampina NV are the five companies that dominate the market. Thanks to their heritage and increased spending, they are able to sustain their dominance. An overview of their financials, products among other aspects are detailed in the report.
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The market for infant nutrition can be segmented based on types of milk formula (Cow's milk based formula, soya-based formula and hydrolyzed protein formula) and by geography (North America, Europe, Asia-Pacific and Rest of the World).
Other than the industry players, other company profiles listed out in the report are:
- Meiji Holdings Co., Ltd
- The Kraft Heinz Company
- Beingmate Baby & Child Food Co. Ltd.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence