Global Baby Drinks Market to Register 10.6% CAGR up to 2023, Says KBV Research in Its In-Demand Publication Available at MarketPublishers.com15 Aug 2017 • by Natalie Aster
LONDON – By 2023, the global market for baby drinks will cross 40.7 billion in size, posting sustainable growth at a 10.6% CAGR from 2017 till 2023. Considerably increased number of working women, constantly changing lifestyles, remarkable uptake in disposable incomes in the developing countries, expanding middle class population are amid the key factors encouraging growth in the baby drinks market. But, the marketplace faces a number of restraints, for instance, rising concerns about food safety and steadily falling birth rates.
Regionally, APAC dominated the worldwide market for baby drinks in 2016. The region is expected to continue gaining traction and demonstrate considerable increase during 2017-2023.
Some of the distinguished baby drinks market players comprise Reckitt Benckiser Group (Mead Johnson Nutrition Company), Beingmate Group, HiPP GMBH & CO., Hain Celestial Group, Abbott Laboratories, to name a few.
The all-around report prepared by KBV Research, “Global Baby Drinks Market (2017 - 2023)”, draws a whole picture of the ongoing situation in the market on a global and regional scales and looks at the prevailing market development trends and emerging opportunities up till 2023. The publication highlights the key market segments (by product, application, distribution channel, geography) and explores the market dynamics. The competitive scenario in the market is thoroughly scrutinised in the study, and 9 granular profiles of the most prominent market players are at hand. Future forecasts for the baby drinks market development during 2017-2023 are also available here.
To find many other reports prepared by KBV Research follow to its catalogue at MarketPublishers.com.