The latest report by IMARC Group, titled “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on baby food and infant formula market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market reached a value of US$ 45.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 64.0 Billion by 2027, exhibiting at a CAGR of 5.7% during 2022-2027.
Baby food and infant formula represent food products specifically made for babies or toddlers up to the age of two years. Infant formula acts as a replacement for the milk of a mother, owing to its similar nutritional properties, whereas baby food includes minced and mashed vegetables, meats, cereals, fruits, etc. Baby food and infant formula ingredients contain high amounts of essential nutrients, including proteins, carbohydrates, fats, vitamins, minerals, etc., that are required by infants and toddlers for their healthy growth and development.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Baby Food and Infant Formula Market Trends:
The rising awareness among parents towards the significance of proper nutrition on the overall growth of the child is one of the primary factors driving the global baby food and infant formula market. Moreover, the growing adoption of baby food and infant formula among working women is further catalyzing the market growth. Besides this, the escalating demand for ready-to-eat (RTE) baby food products on account of the hectic work schedules and rising expenditure capacities of the consumers is also acting as another significant growth-inducing factor. Furthermore, the expanding proliferation of online retail channels and numerous brand endorsements on social media platforms are augmenting the global market. In addition to this, continuous product innovations, such as lactose-free and soy-based formulas, are expected to cater to the growth of the baby food and infant formula market over the forecasted period.
Explore Full Report with Table of Contents: https://www.imarcgroup.com/baby-food-infant-formula-market
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Abbott Nutrition
- Nestlé S.A.
- 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.
Breakup by Type:
- Milk Formula
- Dried Baby Food
- Prepared Baby Food
- Other Baby Food
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Pharmacies
- Convenience Stores
- Others
Regional Insights:
- North America (United States, 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, Other)
Key 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
- Comprehensive Mapping of the Competitive Landscape
List of Figures
Figure 1: Global: Baby Food and Infant Formula Market: Major Drivers and Challenges
Figure 2: Global: Baby Food and Infant Formula Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Baby Food and Infant Formula Market: Breakup by Type (in %), 2021
Figure 4: Global: Baby Food and Infant Formula Market: Breakup by Distribution Channel (in %), 2021
Figure 5: Global: Baby Food and Infant Formula Market: Breakup by Region (in %), 2021
Figure 6: Global: Baby Food and Infant Formula Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Baby Food and Infant Formula Industry: SWOT Analysis
Figure 8: Global: Baby Food and Infant Formula Industry: Value Chain Analysis
Figure 9: Global: Baby Food and Infant Formula Industry: Porter’s Five Forces Analysis
Figure 10: Global: Milk Formula Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Milk Formula Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Dried Baby Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Dried Baby Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Prepared Baby Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Prepared Baby Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Other Baby Food Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Other Baby Food Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Baby Food and Infant Formula Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2016 & 2021
Figure 19: Global: Baby Food and Infant Formula Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2022-2027
Figure 20: Global: Baby Food and Infant Formula Market: Sales through Pharmacies (in Million US$), 2016 & 2021
Figure 21: Global: Baby Food and Infant Formula Market Forecast: Sales through Pharmacies (in Million US$), 2022-2027
Figure 22: Global: Baby Food and Infant Formula Market: Sales through Convenience Stores (in Million US$), 2016 & 2021
Figure 23: Global: Baby Food and Infant Formula Market Forecast: Sales through Convenience Stores (in Million US$), 2022-2027
Figure 24: Global: Baby Food and Infant Formula Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 25: Global: Baby Food and Infant Formula Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 26: Asia Pacific: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia Pacific: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Europe: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Europe: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Latin America: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Latin America: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Middle East and Africa: Baby Food and Infant Formula Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Middle East and Africa: Baby Food and Infant Formula Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Baby Food and Infant Formula: Import Breakup by Country (in %), 2018
Figure 37: Global: Baby Food and Infant Formula: Export Breakup by Country (in %), 2018
Figure 38: Baby Food and Infant Formula Manufacturing: Detailed Process Flow
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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