MarketResearchNest.com adds “Global Organic Baby Food Market 2017-2021” new report to its research database. The report spread across in 82 pages with tables and figures in it.
The research analysts forecast the global organic baby food market to grow at a CAGR of 11.61% during the period 2017-2021.
Organic foods are grown or processed without synthetic fertilizers or pesticides. Baby food that is manufactured or processed with organic ingredients is called as organic baby food. The global baby food and infant formula market will see moderate growth during the forecast period. Owing to the declining birth and fertility rates in developed countries, the market has reached maturity. However, factors such as a high percentage of working mothers, increased purchasing power, and expansive product portfolios are expected to fuel the market growth during the forecast period. Parents’ concern about offering their babies the best in terms of taste and nutrition will also contribute to market growth.
The market is divided into the following segments based on geography:
Americas, APAC, EMEA
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Technavio recognizes the following companies as the key players in the global organic baby food market: Abbott, Danone, HiPP, Nestlé, The Hain Celestial Group
Other Prominent Vendors in the market are: Amara Organics, Arla Foods, Baby Gourmet Foods, Bellamy’s Australia, GreenZoo, Healthy Sprouts, Hero Group, Little Duck Organics, North Castle Partners, Olli, One Earth Farms, Plum, PBC, Tastybaby, The Organic Baby Food Company, and Vitagermine.
Commenting on the report, an analyst from research team said: “The latest trend gaining momentum in the market is Increasing mergers and acquisitions. Strategic alliances and partnerships characterize the global organic baby food market. The growing organic baby food market is attracting more players and the market is witnessing increasing mergers and acquisitions. Major companies are acquiring smaller companies, which are specialized in the production of organic baby food to get a foot hold in the growing industry. With strategic alliances, manufacturers can broaden their product portfolio by offering new products and achieve better operational capabilities.”
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According to the report, one of the major drivers for this market is Rise in number of working women. The increase in the number of working women worldwide has fueled the consumers’ demand for organic baby food products. In addition, the increasing urbanization and the growth of the middle-class population have encouraged consumers to adopt convenience-oriented lifestyles, which, in turn, is making organic baby food products a necessary option among working women. Several working mothers, especially in urban areas, return to their jobs shortly after childbirth, and these products are a good option as they combine nutrition and health with convenience.
Further, the report states that one of the major factors hindering the growth of this market is Premium price of organic baby foods. Though organic foods are healthy alternatives for harmful processed foods, the high price of these foods is a major concern among consumers. One of the major factors for the high pricing is the high production costs. The premium price of organic baby foods compared with conventional baby foods is another challenge faced by the global organic baby food market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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