Market Overview:

Baby food market size in 2014 was worth $50.7 billion and is estimated to garner $72.7 billion by 2020, registering a CAGR of 6.4% during the forecast period 2015-2020. Conventionally, babies are fed with soft home cooked food, a practice that is still popular in underdeveloped and developing countries. Nevertheless, rising urbanization and changing lifestyles have increased the call for packaged baby foods in different societies and cultures. These foods are fed to babies between the ages of four to six months and two years.

Market drivers and restraints:

Rising awareness for nutrition increased in organized retail marketing, urbanization paired with a major rise in the count of working women population are major factors that fuel the baby food industry growth. Concerns related to food safety, falling birth rates, and the practice of feeding home cooked food to babies are the major restraints in this market.

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Report segmented as:

By type:

Dried baby food
Milk formula
Prepared baby food
Other baby food
By distribution:

Supermarkets
Hypermarkets
Small grocery retailers
Health & beauty retailers
Geographical analysis:

The world baby food market has been analyzed based on four geographical sectors that include North America, Europe, Asia-Pacific, and Latin America and Middle East & Africa. Asia-Pacific is dominating the market in terms of adoption of new and innovative baby food products launched by different companies, followed by the European region. The Asia Pacific is the biggest market for milk formula and occupies more than half of the overall global baby food market share. More significant demand would be observed in Latin America and the Middle East & Africa region over the forecast period.

Important market players:

Key companies operating which include Nestlé SA., Bristol-Myers Squibb., H.J. Heinz., Mead Johnson Nutrition Co., DANONE., Inner Mongolia Yili Industrial Group Co Ltd., Abbott Laboratories Inc., Hangzhou Beingmate Group Co Ltd., Royal FrieslandCampina NV., GlaxoSmithKline Plc., The Hain Celestial Group Inc, Pfizer Inc., Hero Group GmbH, and Arla Foods Amba.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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