Albany,
New York – In a recent market study offering by Transparency Market
Research (TMR), titled “Baby Drinks Market - Europe Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021”,
the Europe baby drinks market is expected to reach US$20,402.9
million in 2021. If the projections hold true, the market will expand
at a CAGR of 3.5% from 2015 to 2021, increasing from its market
valuation of US$15,930.9 million in 2014.
In
Europe, increasing female workforce has resulted in higher demand for
ready-to-eat convenience food, which is the primary factor driving
demand for baby drinks. Country-wise, Sweden registered the fastest
growth rate in demand for baby drinks, trailed by Italy and Germany.
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Baby Drinks Market
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Among
the major two baby drinks, infant formula dominated the market over
baby juice due to a combination of factors such as easy preparation,
high nutritional content, and high acceptance for the product to
complement breast milk. These factors collectively make infant
formula the first choice for parents.
Thus,
infant formula is anticipated to lead the baby drinks market in
Europe for the forecast period, adds the report.
Moreover,
high number of established distribution channels for infant formula
supports the growth of the infant formula product segment of the
overall market.
In
the baby juice product segment, ready to drink juice is observed to
have high demand due to its ease of use.
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In
2014, France dominated the baby drinks market and is likely to
continue as the market leader during the forecast period. In France,
high acceptance of infant formula as a suitable substitute for breast
milk, busy lifestyle of parents, and government policies are driving
demand for baby drinks.
The
U.K. and Spain have contributed substantially to the growth of the
Europe baby drinks market.
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Transparency Market Research
Transparency
Market Research (TMR) is a U.S.-based market intelligence company
driven by high-pedigree consultants and researchers. TMR leverages
its Syndicated Research, Custom Research, and Market Consulting
expertise to help businesses make accurate decisions. TMR’s
exclusive blend of quantitative forecasting and trends analysis draws
on proprietary data sources and techniques, while their data
repository is continuously updated to reflect the latest trends.
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