Products
catering to the nutritional needs of babies are of great value for
parents who actively seek new & improved infant formulas and
easy-to-digest baby foods. Being one of the fastest-growing retail
product in the food & beverage sector, baby foods continue to
gain grounds by capitalising on increasing consumer spending of
middle-class parents across all parts of the world. Lifestyle trends
stapled to urban cultures have instrumented the emergence of working
women, majority of whom are mothers. Against this backdrop, baby
foods
serve as the ideal substitutes for breast milk, and help in providing
optimum nutrition to babies. Although, companies manufacturing baby
foods continue face stiff competition with respect to development of
new food formulas and strict safety standards.
For
parents, nothing is as precious as their new-born baby, which makes
baby foods the most valuable product in their grocery cart. This soft
and easily-consumed food is produced to replace breast milk without
lowering the basic nutrition needed to ensure a healthy growth in
babies. Currently, baby foods are available in the prepared form,
dried form, and as infant formulas.
Infant
formulas will outpace dried baby foods towards the end of 2022
The
global market for baby foods is estimated to reach US$ 62 Bn in value
by the end of 2022, reflecting a moderate CAGR during the assessment
period, 2017-2022. Factors such as increasing population of working
mothers, rising awareness regarding the benefits of organic baby
foods, and higher birth-rates recorded in different regions are
expected to drive the demand for baby foods over the period of next
five years.
For
more information on this report, fill the form @
http://www.futuremarketinsights.com/reports/sample/rep-gb-4777
The
report projects that demand for dried baby foods is expected to
remain dominant in the global market throughout the forecast period.
However, the global sales of infant formulas are expected to witness
speedier growth compared to other products available in the baby
foods market. By the end of 2022, infant formulas sold across the
globe are projected to reflect more than 6% CAGR. During this
assessment period, revenues procured from global sales of dried baby
foods will reflect the lowest CAGR, indicating an uptick in adoption
of infant formulas over dried baby foods. Prepared baby foods will
also witness lucrative demand, and account for around one-third of
global baby food revenues throughout the forecast period.
Competitive
Landscape
Manufacturing
baby foods is a meticulous task that requires attention to
eliminating elements causing health problems to babies. Tender age of
the babies, coupled with their nascent digestive capacities, makes
baby food manufacturing difficult, even for multinational food &
beverage companies. The report observes companies such as Nestlé
S.A., Mead Johnson & Company, LLC, Cargill Inc., The Hain
Celestial Group, Inc., Hero Group A.G., Danone, The Kraft Heinz
Company, Bellamy Organics, DSM, Arla Foods amba, Abbott Laboratories,
Perrigo Company, and Campbell soups Company as active players in the
global market for baby foods during the forecast period. These
companies will be focusing to capitalizing on the shift to organic
baby food over conventional baby foods. Introduction to improved
infant formulas will also help these manufacturers extend their baby
food product lines.
No comments:
Post a Comment