The latest report by IMARC Group, titled “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on Baby Food and Infant Formula market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market reached a value of US$ 45.4 Billion in 2021. The Global Baby Food and Infant Formula Market to grow 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.
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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. Looking forward, IMARC Group expects the global baby food and infant formula market to reach US$ 64.0 Billion by 2027, expanding at a CAGR of 5.7% during 2022-2027.
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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:
- 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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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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Baby Food and Infant Formula Global Market – Overview:As the name suggests “Baby Food & infant Formula” is all about infant’s dietary food items to be consumed or eaten for meals or breakfasts.
It’s not only about the convenience; sometimes mothers may be unable to breastfeed for a multiple reasons – may it be physical or physiological; baby food & infant formula seem to be great option.According to a recent study report published by the Market Research Future, the global market for Baby Food and Infant Formula Market is accounted to witness a relieving growth by 2027, in terms of value and volume with a substantial CAGR; surpassing its previous growth records by the end of the forecasted period (2016 – 2027).The increasing number of parents is determined to provide optimal nutrition to their infants.
They opt for packaged baby foods and infant formulas to supplement breastfeeding.
This coupled with the increased concern of parents for the health, and nutritional requirements of their babies have significantly contributed to the increase in demand for baby food and infant formula over the last few years.
The Sector - organic baby foods is the fastest growing sector reason being safer and nutritionally superior to conventional baby food.Baby Food and Infant Formula Global Market – Key Players:The global baby food and infant formula market is highly fragmented mainly due to the constantly changing consumer demands and preferences.
Also, the market is highly competitive due to the presence of numerous players having regional and global presence.
