Global Baby Food Market to Register 8.9% CAGR through 2022, States Stratistics MRC in New Report Available at MarketPublishers.com28 Sep 2016 • by Natalie Aster
LONDON – In the past year, the world’s market for baby food was evaluated at USD 53.6 billion. This market is anticipated to see remarkable growth in the upcoming years, registering an 8.9% CAGR up till 2022. By 2022, the value of the world’s baby food market is anticipated to exceed USD 97.5 billion.
Such factors as matured industrialization, escalating end-user alertness, changing socio-economic trends, mass production of canned goods, the discovery of vitamins in fruits/vegetables and enhancing importance of advertising are amid the key drivers propelling the baby food market growth. However, the market growth could be hampered by certain restraints like lack of practice to feed home-cooked food to babies and declining birth rates.
On the basis of product, milk formula sector will likely hold the biggest market share through 2022 followed by the prepared baby food sector.
On the basis of regions, APAC baby food market is expected to generate the biggest revenues in the next 6 years.
Some of the leading participants in the world’s baby food market include Sma Nutrition, Earth’s Best, Abbott Nutrition, Danone Dumex, Nestle S.A, Plum Mums, Fasska, Bristol-Myers Squibb, H.J. Heinz Co, Perrigo Company Plc., Hero Group., Mead Johnson & Company, LLC, Bellamy Organics., Campbell Soups and Hain Celestial Group.
The cutting-edge research report “Baby Food - Global Market Outlook (2016-2022)” elaborated by Stratistics Market Research Consulting offers a detailed analysis of the worldwide baby food market and also presents an all-round analysis of the key market sectors including prepared baby food, dried baby food, milk formula and ready to feed baby food. It contains an insightful overview of the major geographical markets for baby food, examines the key distribution channels, explores the competitive scenario and touches upon the main market growth drivers and limiters. Moreover, it contains forecasts through 2022.
Many other research reports by this publisher can be found in the Stratistics Market Research Consulting catalogue.