Global Baby Food Market Reveals Growth Factors and Competitive Outlook for Future
The baby food market is segmented on the basis of type and sales channel. On the basis of type, it is sub-segmented into milk formula, dried baby food, prepared baby food and others. Milk formula is anticipated to lead the type segment during the forecast period. The increasing spending of the population on the account of growing per capita income is anticipated to be the major reason for the growth of the milk formula sub-segment during the forecast period. On the basis of sales channel, it is sub-segmented into supermarkets/hypermarkets, convenience stores, pharmacies and others. Supermarkets/Hypermarkets sub-segment is expected to lead the baby food market during the forecast period. This is attributed to the increasing urbanization coupled with the expansion of the retail sector across the globe during the forecast period.
The global baby food market is anticipated to record a CAGR of 6.5% over the forecast period. It is expected to reach the total market size of USD 113 billion by 2027. The growth can be attributed to the increasing demand for the nutritional diet coupled with increasing awareness regarding the baby food products is anticipated to boost the growth of the overall baby food market during the forecast period.
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On the basis of regional analysis, global baby food market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia-Pacific region is expected to be the leading region during the forecast period. The increasing population in the region coupled with the increasing demand for the baby food products is expected to boost the growth of the overall baby food market during the forecast period. Europe is anticipated to showcase substantial growth during the forecast period. The high presence of the key manufacturers in the region coupled with the increasing disposable income of the population is driving the market growth of the overall market in the region.
Rising disposable income is anticipated to drive the growth of the overall baby food market
The growing income of the population coupled with the increasing demand for the nutritional food products among the infant population is expected to propel the growth of the overall baby food market. Additionally, the growing awareness among the population regarding the benefits of various food items is anticipated to drive the market growth of the baby food products.
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The report titled “Baby Food Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global baby food market in terms of market segmentation by type, by sales channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global baby food market which includes company profiling of key companies such as Nestle, Mead Johnson, Danone , Hero-Group , Abbott laboratories, Bellamy Organics, Perrigo Company , Campbell soups, Hain Celestial Group and Friesland Campina. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global baby food market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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