Baby
drinks include infant formula and baby juices. While infant formula
is prepared from dried milk, baby juices are made up of fruit juices
especially for babies up to three years of age. Infant formula
contains all the vital nutrients required for a baby’s growth and
complements breast milk. Water is added to the dry milk for
rehydration purpose.
The
Europe
baby drinks market for is fueled by the rising number of
women in the region’s workforce, an increased number of product
options, busy lifestyles of parents, and rising consciousness about
children’s health, states a new market research report published by
TMR.The report is titled “Baby Drinks Market - Europe Industry
Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,”
and is available on the company’s website for sale.The report
states that the market will register a healthy 3.50% CAGR over the
period from 2015 through 2021, marking a rise to a valuation of
US$20.4 bn in 2021 from US$15.9 bn in 2014, if the prediction holds
true.
In
terms of product types, the report segments the Europe baby drinks
market into infant formula and baby juice. The baby juice segment has
been further divided into ready-to-drink baby juice and concentrated
baby juice. In 2014, the infant formula segment dominated the overall
market in terms of revenue and demand. During the forecast horizon,
the segment is expected to sustain its leading position in the market
owing to recommendations by pediatricians.
Infant
formula is considered as the most ideal alternative for breast milk
and has a high nutritional value. The baby juice segment has been
growing majorly due to the increased demand for ready-to-drink baby
juices. However, the baby juice segment is facing a couple of
restraints such as weaker distribution channels. The ready-to-drink
baby juices contain a high amount of sugar, which makes them a less
preferred choice among parents.
The
report studies the Europe baby drinks market across the U.K.,
Germany, Spain, Italy, France, Sweden, and Rest of the Europe. In
terms of revenue, France led the overall market in 2014. Busy
lifestyle of parents, favorable government policies, and growing
acceptance of infant formula are the primary factors driving the
growth of the market in France. During the forecast period, the
country is anticipated to continue as the leading market for baby
drinks. In 2014, France held 18.50% of the overall market while the
U.K. accounted for 16.30% of the market. The U.K. and Spain are
expected to contribute significantly towards the growth of the Europe
baby drinks market in the coming years.
Some
of the major vendors operating in the market profiled in the report
are Mead Johnson Nutrition Company, H.J. Heinz Company, HiPP GmbH &
Co. Vertrieb KG, Nestle S.A., and Danone.
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