The latest report from the IMARC group, titled “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on Baby Food and Infant Formula Market Trends 2022. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market. The global baby food and infant formula market reached a value of US$45.4 billion in 2021. Looking ahead, IMARC Group expects to the market will reach US$64.0 billion by 2027, growing at a CAGR of 5.7% during the period 2022-2027.
Baby food and infant formula represent food products specially designed for babies or toddlers up to two years of age. Infant formulas replace breast milk due to their similar nutritional properties, while baby foods include chopped and mashed vegetables, meats, grains, fruits, etc. Baby food and infant formula ingredients contain high amounts of essential nutrients, including proteins, carbohydrates, fats, vitamins, minerals, etc., which infants and toddlers need to their healthy growth and development.
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Like the novel coronavirus (COVID-19[feminine]) the crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the purchasing behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic.
Global Baby Food and Infant Formula Market Trends:
Growing parental awareness of the importance of proper nutrition on overall child growth is one of the major drivers of the global baby food and infant formula market. Additionally, increasing adoption of baby food and infant formula by working women is further catalyzing the growth of the market. Besides, rising demand for ready-to-eat (RTE) baby food due to busy work schedules and increasing spending abilities of consumers is also acting as another significant growth driver. Furthermore, the increasing proliferation of online retail channels and numerous brand mentions on social media platforms are increasing the global market. In addition to this, continuous product innovations such as lactose-free and soy-based formulas are expected to meet the growing baby food and infant formula market over the forecast period.
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Competitive landscape with key players:
The report has also analyzed the competitive landscape of the market with some of the key players.
- Abbott Nutrition
- Nestlé SA
- 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.
Breakdown by type:
- Mother’s milk
- Dried baby food
- Prepared baby food
- Other Baby Foods
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- convenience stores
- North America (USA, 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, Others)
Main 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
- Complete mapping of the competitive landscape
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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