The Baby Food Market Is Predicted To Reach USD 81.51 Billion With A CAGR Of 6.2% According To Market Data Forecast Report.

The Baby Food Market Is Predicted To Reach USD 81.51 Billion With A CAGR Of 6.2% According To Market Data Forecast Report.

ID: 1062 | October 2018 | Region: Global

The Baby Food Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Baby Food Market is estimated to be USD 60.34 billion in 2018 and predicted to rise to USD 81.51 billion with a CAGR of 6.2% by 2023. The market is segmented by Health Benefits (Immune system, Brain and Eye development, Muscular growth, Bones and Teeth development, Blood Enhancement, Nervous System, Vascular System and Body Energy), by Ingredients (Cereals (Oatmeal, Rice, Barley and Mixed), Milk Products (Animal Milk and Yogurt), Fruits, Vegetables and Meat Products). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

Increasing awareness for nutrition, growth in systematized retail marketing, expansion paired with a substantial increase in the count of working women population are major factors that enhance the market growth. Manufacturers are choosing natural elements and no additives comprising food with key appeal for baby food products. Though, deteriorating birth rates and dearth of practice to nourish home cooked food to babies are some of the factors obstructing the market.

Milk product segment alone contributes major share of the market, in terms of revenue. Dominance of this product category in the market is mainly accompanied by the global demand for milk formula, increasing development, growing disposable incomes and the changing routines.

North America is leading the global baby food market followed by Europe. Enormous demand for prepared baby food in North American market is because of the presence of multi nutrition with stable amount of necessary nutrition in one pack. Asia-Pacific is expected to witness high growth. The growth in this region is majorly enhanced by improving economies and changing lifestyles of individuals in this region.

Nestle SA has been dominating the baby food market. Danone, H.J. Heinz, Bristol-Myers Squibb, Abbott Nutrition, Plasmon, Baby Organix, Beech Nut, Fasska, SMA Nutrition, Stonyfield Farm, Babynat and Hero are some other key market players in baby food market.

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