Global Infant Formula & Baby Food Market Forecast 2018-2026
• North America ruled the global infant formula & baby food market in 2017. U.S baby food market is a major contributor to this region. • The Global infant formula & baby food market is primarily driven by the factors like rising number of working parents, parental concerns about meeting their child’s nutritional benefits and increase in the spending power of the people. • The market is likely to grow at a CAGR of 5.12% during the forecast period of 2018-2026
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The global baby food and infant formula market is segmented on the basis of health benefits, product type, ingredients, packaging type and distribution channels.
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Market by health benefits cover areas like muscular growth, energy, immune system, blood enhancement, bones & teeth development, nervous system, brain & eye development, vascular system, and other benefits.
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On the basis of the product type, the market is segmented into dried baby foods, milk formula, prepared baby food and other types.
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Major distribution channels for this market are online retailing, supermarkets and hypermarkets, departmental stores,
“Global infant formula & baby food market is anticipated to grow at 5.12% CAGR during the forecast period of 20182026..�
Europe infant formula & baby food market is predicted to exhibit a CAGR of 3.65%. Strong economic condition and increased disposable income have led to the growth of the German market. The U.K infant formula & baby food market is expected to register the highest CAGR in the European region.
North America infant formula & baby food market is evolving with an estimated CAGR of 3.73% during the forecast period of 2018-2026. U.S and Canada are the significant contributors to this region. Internet retailing is the most popular distribution channel in this region. .
The Asia Pacific infant formula & baby food market is exhibiting a CAGR of 6.88%. The China baby food and infant formula market accounted for the highest revenue share in 2017. The Japanese baby food market is also exhibiting a positive growth.
Companies like Baby Gourmet Foods Inc, Abbott Nutrition, Beech-Nut Nutrition Corporation, Danone Sa, Beingmate Group Co Ltd, Gerber Products Company, Hipp, Hero Ag, Mead Johnson Nutrition Company, Nestle Sa, Morinaga Milk Industry Co Ltd, Perrigo Company Plc, The Hain Celestial Group Inc, Plum, PBC (Plum Organics) and The Kraft Heinz Company are engaged in this market