Global Infant Food Market Overview:
Infant baby formula is a form of food that consists of all nutrients like carbohydrates, vitamins, minerals, fats and others. They are a feeding form for babies that ensure an overall development. Created mainly for those mothers, who were unable to breastfeed, this food is believed to be of the consistency of breast milk, comprising of the same nutrients. This formula is of many types, catering to the different time and different needs of a baby – Infant milk, follow-on-milk, specialty milk, and growing up milk. The formula is available worldwide at convenience stores and general supermarkets. Because, infant nutrition is of prime concern for any nation, especially among emerging nations like India, China, and Indonesia, the awareness and adoption of infant formula has been intense in recent years.
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Global Infant Food Market Size Analysis:
Valued $XX million in 2016 and expected to grow at a rate of CAGR XX% to reach $Million by 2025, the baby infant formula market is at an all-time high. Geographically, its presence is most established in North America, Asia Pacific, LAMEA and Europe regions. Dominated by Asia Pacific that holds maximum market share, and is expected to grow at a CAGR of XX% during the forecast period. China especially brought in maximum revenues accounting for over 50% of Asia Pacific shares. India comes a close second with investments being made by government and public alike to improve infant health. Growth in economy, health concerns and awareness are attributed to this growing demand for infant formula. Brazil is the main contributor from the LAMEA region. Infant milk segment holds the maximum market share as a direct substitute for breast milk and is known to be a healthy and convenient alternative that prevents anaemia, diarrhoea, colic and lowers infant allergies.
Key Players in this Global Infant Food Market:
Abbott Laboratories, Nature’s One Inc., Arla Foods, Heinz and Hain Celestial Group, Campbell Soup Company, Nestle, etc.
The infant formula market is flooded with options from many vendors joining in. Modern methods of packaging in pouches in place of jars and boxes have been introduced to make feeding more convenient. Pricing is also focussed upon, to allow all segments of the society to be able to afford the milk. Despite its umpteen benefits, concerns regarding food safety may hamper the growth of the market. However, higher birth rates in developing regions, changing lifestyles, urbanization, and other factors are a definite source of a boost to the existing infant formula market.
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