Global Infant Formula & Baby Food Market 2017-2025
Global Infant Formula & Baby Food market was estimated to be around $57.79 billion in the year 2016 and is likely to reach $90.77 billion by the end of 2025. The market is growing with an anticipated CAGR of 5.13% for the forecast period of 2017-2025. Some of the key driving factors for the market include a rise in the number of working parents, increasing parental concerns about the health & nutritional requirements of their children, and the growing popularity of Infant Formula.
The global Infant Formula & Baby Food market is mainly segmented into five major categories and their subcategories. They include ingredients, product categories, health benefits, packaging, & distribution channels. The ingredients segment includes cereals, milk products, fruits, vegetables and non-vegetarian foods. The product category can be sub-divided into bottled baby food, milk product, puree, juice, snacks, cereals, soups, frozen baby food, etc. The health benefits segments include energy, muscular growth, immune system, bones & teeth development, blood enhancement, etc. The packaging segment is classified as glass, paper based containers, flexible packaging, liquid cartons, metals, etc. and the distribution channel includes supermarkets, hypermarkets, chemists, pharmacies, online retailing, others.
The infant formula and baby food market is divided into five major regions that include the North America, Asia Pacific, Middle East and Africa, Europe, and Latin America. The North American was leading the global market in 2016, with the US being its major contributor. The Middle East & Africa is expected to show the highest growth over the forecast period, closely followed by Latin America and Asia-Pacific as the demand for organic baby food is quite high in these regions.
Abbott Nutrition, Baby Gourmet Foods Inc, Beech-Nut Nutrition Corporation, Beingmate Group Co Ltd, Danone SA, Gerber Products Company, Hero Ag, Hipp Organic, Mead Johnson Nutrition Company, Morinaga Milk Industry Co Ltd, Nestle SA, Perrigo Company Plc, Plum, PBC (Plum Organics), the Hain Celestial Group Inc., the Kraft Heinz Company are some of the prominent players in the global market.
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