Dublin, April 26, 2019 (GLOBE NEWSWIRE) -- The "Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global baby food and infant formula market reached a value of US$ 52.9 Billion in 2018.
Baby food and infant formula are food products specifically made for babies till the age of two years. Infant formula serves as a replacement of mother's milk as it exhibits similar nutritional attributes. Whereas, baby foods are soft minced and mashed vegetables, fruits, meats, cereals, etc. for baby's consumption. Since babies lack developed muscles and teeth to chew effectively, these products act as the main source of calories and nutrients for them. Over the years, parents have shifted to packaged baby foods owing to the convenience and better nutrition offered by these products.
Today, the parents are ready to spend on high-quality, expensive baby foods to ensure the well-being of their infants. Rising health concerns towards the overall development of the baby and growing number of malnutritional cases are the key factors driving the growth of the market. Furthermore, increasing awareness among people about the various health benefits of feeding baby foods to infants and young babies is fuelling the demand for baby foods across the globe. Increasing number of working women and the need for convenient and portable nutrition for their babies has created a large market for baby foods and infant formula. Additionally, increasing spending on children's healthcare coupled with continuous innovation and aggressive marketing by various baby food manufacturers has facilitated the global baby food and infant formula market.
According to the report, the market is expected to reach a value of US$ 74.4 Billion by 2024, registering a CAGR of 5.7% during 2019-2024.
The report has segmented the global baby food and infant formula market on the basis of type including milk formula, dried baby food, prepared baby food and others. Amongst these, milk formula represents the largest product type. The market is also segmented on the basis of the distribution channels, wherein supermarkets and hypermarkets are the largest distribution channels, followed by pharmacies, convenience stores and others.
The market is also segmented on a regional basis, covering Asia-Pacific, North America, Europe, Latin America, and Middle East and Africa. Amongst these, Asia-Pacific is the largest market. On the basis of imports and exports, China is the largest importer, whereas Netherlands is the largest exporter of baby food and infant formula. An analysis of the competitive landscape provides the details of the key players operating in the market. Some of the major players are Abbott Laboratories, Nestle, Danone, Mead Johnson and Kraft Heinz.
Key Questions Answered in This Report:
- How has the global baby food and infant formula market performed so far and how will it perform in the coming years?
- What are the key regions in the global baby food and infant formula market?
- What are the key product types in the global baby food and infant formula market?
- What are the key distribution channels in the global baby food and infant formula market?
- What are the various stages in the value chain of the global baby food and infant formula industry?
- What are the key driving factors and challenges in the global baby food and infant formula industry?
- What is the structure of the global baby food and infant formula industry and who are the key players?
- What is the degree of competition in the global baby food and infant formula industry?
- How is baby food and infant formula manufactured?
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Baby Food and Infant Formula Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Distribution Channel
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing and Distribution
5.8.6 Retailer/Exporter
5.8.7 End-Consumer
5.9 Porters Five Forces Analysis
6 Market Breakup by Type
6.1 Milk Formula
6.2 Dried Baby Food
6.3 Prepared Baby Food
6.4 Other Baby Food
7 Market Breakup by Distribution Channel
7.1 Supermarkets and Hypermarkets
7.2 Pharmacies
7.3 Convenience Stores
7.4 Others
8 Market Breakup by Region
8.1 Asia Pacific
8.2 North America
8.3 Europe
8.4 Latin America
8.5 Middle East and Africa
9 Imports and Exports
9.1 Imports by Major Countries
9.2 Exports by Major Countries
10 Baby Food and Infant Formula Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
- Abbott Nutrition
- Nestle
- Danone
- Mead Johnson
- Kraft Heinz
For more information about this report visit https://www.researchandmarkets.com/r/mz7y1u
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