Global Baby Food & Infant Formula Industry to reach USD XX billion by 2025.
Global Baby Food & Infant Formula Industry valued approximately USD 52 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.80% over the forecast period 2019-2025. The Baby Food & Infant Formula Industry is continuously growing across the world over the coming years. Baby food is a soft and easy-to-digest mash of vegetables, fruits, cereals and meat. It is meant for the consumption of babies in order to suffice their everyday nutritional needs. On the other hand, infant formula refers to a substitute of breast milk which can be served till the age of two years. It is manufactured via adding fatty acids, vitamins and prebiotics to processed milk. Rising health concerns among people for development of babies, rapid urbanization, rising disposable income of individuals and increasing number of working mothers are the substantial drivers of the Industry across the globe. Furthermore, growing inclination of consumers toward packaged baby foods are the factors which creating lucrative opportunities in the marker in near future. However, high cost of the products in developing and underdeveloped countries and safety concerns owing to improper regulatory framework are the factors which limiting the Industry growth rate in the global scenario.
The regional analysis of Global Baby Food & Infant Formula Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share owing to growing number of working mothers in the region. Europe also estimate to grow in the global Baby Food & Infant Formula Industry. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to china and India are the fastest growing region in the global Baby Food & Infant Formula Industry.
Baby Food & Infant Formula Industry Share and Size by 2019-2025
Baby Food & Infant Formula Market Segmentation:
* Milk Formula
* Dried Baby Food,
* Prepared Baby Food
By Distribution Channel:
* Supermarkets & Hypermarkets
* Convenience Stores
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Baby Food & Infant Formula Market are as follows:
Ella’s Kitchen Group Ltd.
Her - Group
Beech-Nut Nutrition Corporation
Mead Johnson Nutrition Company
Morinaga Milk Industry Co. Ltd.
Gerber Products Company