Global Baby Food Market By Product Type, By Point of Sale, By Age, By Region, Competition Forecast and Opportunities, 2012 - 2022
Owing to growing number of malnutritional cases and rising health concerns towards overall development of the baby, global baby food market grew at a moderate pace over the last few years. Factors propelling global baby food market include increasing population, growing urbanization, rising disposable income and changing lifestyles across the globe. Moreover, increasing spending on children healthcare coupled with continuous innovation and aggressive marketing by various baby food manufacturers is fueling demand for baby foods, globally. According to the World Bank, percentage of women joining the labor force stood at 55.28% in 2014, and this number is witnessing consistent y-o-y rise. Furthermore, increasing awareness among people about the various health benefits of feeding baby foods to infants and young babies is further fueling demand for baby foods across the globe. These aforementioned factors are anticipated to propel global baby food market through 2022.
According to “Global Baby Food Market By Product Type, By Point of Sale, By Age, By Region, Competition Forecast and Opportunities, 2012 - 2022”, the global baby food market is forecast to surpass $82 billion by 2022. In 2016, milk formula segment garnered the largest market share in the global baby food market, and this trend is anticipated to continue during the forecast period. Moreover, in 2016, Asia-Pacific dominated global baby food market, followed by Europe, North America, Middle East & Africa, and South America. Few of the major players operating in the global baby food market include Nestle, Mead Johnson, Danone, Abbott, and Heinz “Global Baby Food Market By Product Type, By Point of Sale, By Age, By Region, Competition Forecast and Opportunities, 2012 - 2022” discusses the following aspects of the baby food market across the globe