Baby Food and Infant Formula Market Overview 2022-2027:
The latest report by IMARC Group, titled “Baby Food and Infant Formula Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027”, The global baby food and infant formula market reached a value of US$ 45.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 64.0 Billion by 2027, exhibiting at a CAGR of 5.7% during 2022-2027.
Baby food and infant formula refer to soft and easily consumed food products prepared for infants and toddlers. Due to the presence of essential nutrients, they form an ideal substitute for breast milk and play a vital role in the growth of infants. Over the years, parents have become more cautious about the impact of proper nutrition on their child’s overall growth and development, and thereby, they have shifted towards these packaged and highly nutritious food products.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Baby Food and Infant Formula Market Trends:
The growing consumer awareness and the increasing demand for convenient, packaged, organic, and minimally processed food products are driving the global baby food and infant formula market. Furthermore, the growing e-commerce sector is fueling the sales of these products as online retail channels offer enhanced convenience as compared to the conventional formats.
In addition, increasing urbanization, coupled with changing consumer lifestyles, is further propelling the market growth. Moreover, technological advancements and innovations by manufacturers to enhance the quality of these food products are expected to create a favorable market outlook in the upcoming years.
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
- Convenience Stores
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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