Baby Food Market to accrue commendable proceeds over 2019-2025: Global Market Insights, Inc. As per a recent industry report put forward by Global Market Insights Inc., Baby Food Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 33 billion by 2025 with a projected CAGR of 13.4% over 2019-2025. Baby food market is estimated to gain traction owing to increase in infant population coupled with growing number of working women across nations. As per World Bank estimates, highest birth rates have been recorded in developing nations: making these geographies a highly profitable growth avenue for baby food market.
Rapid urbanization is resulting in rise in working women population and consequently in the demand for convenient food products. Insufficient time and hectic schedules of working women are driving the adoption of easily prepared food products. Moreover, growing consumer awareness to feed babies with nutrition-rich organic foods will further garner momentous gains in baby food market share. Driven by the rising female workforce and changing lifestyle patterns, baby food market size is projected to hit USD 33 bn mark by 2025. Speaking of product landscape, prepared baby food market has witnessed a high demand especially in North American and European countries where the proportion of working women is relatively high. In 2018, prepared products accounted for 40% of the global baby food market share. However, prepared baby food demands immediate consumption due to limited shelf life, which is in turn driving the demand for dried baby food products. As per estimates, dried baby food market is forecast to register the highest CAGR of 13.4%, owing to its longer shelf life and easy to serve mixes. Strict guidelines and standards are set for baby foods as they cater to a very sensitive age group. Right from ingredients to packaging and labelling, the baby food industry is highly regulated. For instance, U.S. FDA has laid down strict regulations regarding content and ingredients that are used in the processing of baby food. Moreover, there are regulations regarding suitable packaging for different types of baby food products pertaining to their shelf-life.
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