Latin America Baby Drinks Market Size, Share, Growth (2022-2027)
Latin America Baby Drinks Market size was worth USD 2.56 billion in 2022 and is estimated to be growing at a CAGR of 10.6%, to reach USD 4.4 billion by 2027
Infant formula, baby juice, and baby electrolyte contain vitamins and nutrients for the development of the baby. Although physicians recommend breastfeeding to infants, infant formula can be used as an alternative due to the similar nutrient contents. An increase in the number of women professionals drives the market. Moreover, changes in lifestyle, a rise in the middle-class population, and growth in disposable income in emerging economies, such as India, China, and Indonesia, among others, have propelled the market growth. However, concerns related to food safety and the decline in the global birth rate are expected to hamper the market growth.
product
application
distribution channel
By product
Infant formula
baby juice
baby electrolyte
Infant formula leads the market as it offers high nutritional value to babies.
By application
less than 6months
6-12months
12-36 months
more than 36months
By distribution channel
Hypermarkets
Pharmacy/medical stores
Speciality stores
hard discounter stores
Latin America Baby Drinks Market Regional Analysis:
Argentina
Brazil
Mexico
Rest of Latin America. Brazil is dominating the regional market.
Nestle S.A.
Heinz and Hain Celestial Group
Abbott Laboratories
Mead Johnson Nutrition Company, LLC.
Danone
Beingmate Group Co. Ltd.
HiPP GmbH & Co.
Campbell Soup Company
Arla Foods
D. Signstore
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