DUBAI, UAE. 23th September
2019: Baby Foods and Formula Market is
expected to display higher growth rate over the upcoming years. The rapid surge
in the market is credited to the rising number of online as well as offline
distributing channels and increasing demand from working as well as older
mothers.
Baby foods and formula are gaining widespread popularity
among general population due to its high nutritional content and a rich source
of minerals such as calcium, iron & zinc. Globally, baby foods and formula
market is predicted to generate massive revenue over the forecast period,
providing numerous opportunities for industry participants to invest in
research and development of baby foods and formula.
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However, the rising cost of raw material sourcing and
complex production process are expected to restrain market growth to a certain
extent. In addition, most of the products available in the market are
expensive. Yet, a large number of consumers are preferring purchase of premium
products for their babies. Additionally, rising per capita income and improved
living standards, particularly in the Asia Pacific region is expected to boost
market demand in the upcoming years. A rise in the number of online
distribution channels worldwide is fostering the market growth as well.
A rising number of online as well as offline distributing
channels and availability of broad age of products are further stimulating
industry expansion over the coming years. Product differentiation is the key
market trend associated with baby foods and formula market, over the past few
years. Increasing spending by parents to ensure proper hygiene for their babies
is expected to favor market demand for baby foods and formula over the forecast
period.
The market is broadly categorized into three major segments
based on the product type such as powder baby foods and formula, liquid
concentrate, and ready-to-feed baby foods. Powder baby foods and formula
segment is growing rapidly in the baby foods and formula market with
substantial revenue generation in the last few years.
The key players in the baby foods and formula market are
Abbott Laboratories Group, Danone S.A., Bledina S.A., H. J. Heinz Co., The Hain
Celestial Group, Inc., Ella's Kitchen Group Ltd., The Hero Group, Beech-Nut
Nutrition Corp., Semper AB, Mead Johnson Nutrition Co., Morinaga Milk Industry
Co., Ltd., Nestlé S.A., Gerber Products Co., Nurture Inc., Parent's Choice LLC,
Plum Organics Co., Synutra International, Inc., and Wakodo Co., Ltd.
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On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
Infant Formula
• RTE Foods
• Dried Foods
• Others
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, sales volume, market share and growth rate of Baby
Foods and Formula for each application, including
• Year-old Baby
• 1-3 Year-old Baby
• 3-6 Year-old Baby
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