The analysts forecast global baby food and infant formula market to grow at a CAGR of 7.95% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global baby food and infant formula market for 2016-2020. To calculate the market size, the report considers revenue generated from the retail sales of baby food and infant formula in terms of revenue.
The following companies are the key players in the global baby food and infant formula market: Abbott Nutrition, Danone, HiPP, Kraft Heinz, MJN, and Nestle. Other Prominent Vendors in the market are: Arla Foods, Amara Baby Food, Baby Gourmet, Ella's Kitchen Group, Friso, Green Monkey, Healthy Sprouts Foods, Hero Group, Morinaga, Meiji, Nurture (Happy Family), One Earth Farms, Parent's Choice, Plum Organics, Sprout Foods, and Stonyfield Farm.
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According to the baby food and infant formula market a key growth driver for this market is breastfeeding limitations. Mothers may be unable to breastfeed for a variety of reasons. For instance, if the mother is not making enough milk for various reasons such as having multiple kids, giving birth at a later age, and breast reduction surgery, infant formula is used. Also, many women may not be able to breastfeed because of physiological conditions; an addiction to drugs, alcohol, or nicotine; or depression. In such cases, they may depend completely on baby food and infant formula products. Also, mothers who become pregnant during the lactating period are advised to discontinue breastfeeding to avoid complications in pregnancy, so they rely heavily on infant formula products to feed their babies.
The global baby food and infant formula market a key trend which is propelling market growth is organic baby food. Organic baby food typically contains no chemicals, pesticides, preservatives, hormones, or antibiotics. Many stipulations govern the manufacture, packaging, and labeling of organic baby food. All the cereals must be grown without using chemical fertilizers or pesticides. Dairy and poultry products are derived from livestock, which are fed organic feed and not administered growth hormones. The foods, once prepared, contain no preservatives, artificial flavors or colors, or other additives.
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Global Baby Food and Infant Formula Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Infant formula is either a partial or a complete replacement for breast milk for infants aged under one- year old. It is available in concentrated liquid, powder, or ready-to-use formats. It is provided to meet nutritional needs and encourage the healthy physical and mental development of infants. Baby food products are provided to children up to four years of age. These are easy to prepare, soft, and have the right nutrient balance for the healthy overall development of babies. The different kinds of baby foods include cereals, soups, juices, and snacks, comprising grains, vegetables, and fruits in mashed form to enable easy consumption.
Further, the report states that one challenge that could restrict market growth is the rising number of product recalls.
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