The global baby food & infant formula market size was around USD 70 billion in 2018 and expected to grow at the CAGR of 6.9% over the time frame 2018 to 2026.
Baby food is the total or partial substitute for breast milk for infants of under two years. These are specifically designed food for the infants and babies which are meant to provide the optimum nutrition to the children’s. According to the USFDA, a food which is represented for special dietary use and are solely for infants. During last few years, the baby food and infant formula have got a huge attention owing to the continuously rising malnutrition in the infants especially in developing countries, changing lifestyle and continuously increasing awareness amoung the people.
The market research study on “Baby Food & Infant Formula Market (By Type: Dried Baby Food, Infant Milk Formula, Prepared Baby Food, Others; By Distribution Channel: Health & Beauty Retailers, Online Sales, Supermarkets, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026” offers a detailed outlook, strategic recommendations, and insightful viewpoints on the global baby food & infant formula market. The report also analyzes the key players operating in baby food & infant formula market and identifies the key strategies deployed by them along with the market share of leading players. The global baby food & infant formula market is segmented as below:
Baby Food & Infant Formula Market by Type
Baby Food & Infant Formula Market by Distribution Channel
Baby Food & Infant Formula Market by Geography
The global baby food & infant formula market is expected to grow at a CAGR of over 6.9%. Rising per capita income across the regions, incretions consumer’s willingness to purchasing quality products and continuously increasing need of nutritional supplements have driven the growth of the market. Additionally, increasing awareness among the parents regarding nutrition, and modified lifestyle of the people have supported the growth of the market. However, lack of awareness of the people in developing and under developed region will hinder the market growth.
The global Baby food & infant formula includes types such as dried baby food, infant milk formula, prepared baby food, and others. On the basis of distribution channel the market is segmented into health & beauty retailers, online sales, supermarkets, and others.
Asia Pacific commands for the largest share in the baby food & infant formulas market owing to the presence of huge population, increasing prevalence of the malnutrition in the children’s, and continuously rising birth rate. China and India are the major contributor for the market in this region.
Europe accounts for the second leading position in the market followed by the North America. Igh spending power of the people in Europe, and government support has leaded the growth of the European market to second position. North America is expected to have a significant growth for the market in next few years. Over 1 million of the babies and children’s in U.S. intake baby food and infant formula post birth. U.S. dominates the major share in the North Americas Market.
Africa region holds the least share in the market owing to the presence of poor economies, and lack of awareness among the people. However, the regions holds a huge opportunity for the market in near future.
Being one of the potential market a number of companies are trying to introduce new and cheaper products. Some of the leading companies operating in the global baby food & infant formula market include Danone, Nestle S.A, Hain Celestial Group, Campbell Soups, Perrigo Company Plc., Mead Johnson & Company, LLC, Abbott Laboratories, Bellamy Organics, Hero Group, and Friesland Campina.