The baby food and infant formula market size was USD 66456.66 in 2017 and is estimated to reach USD 34,378.13 million, progressing at a CAGR of 6.96% by 2027. The new product launches is a key factor driving the baby food and infant formula market growth.
Technavio publishes the new report on “Baby food and infant formula market by product (infant formula and baby food), type (milk formula, dried baby food, prepared baby food, and others), and geography( APAC, Europe, North America, South America, and Middle East and Africa).” The baby food and infant formula market growth by the infant formula segment will be significant during the forecast period.
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The baby food and infant formula market structure is fragmented in nature and the vendors are deploying growth strategies such as acquisitions, product launches, and others to promote their businesses in the global market. Some of the major baby food and infant formula market vendors are:
Based on geography, the baby food and infant formula market is segmented across APAC, Europe, North America, South America, and Middle East and Africa. APAC is projected to contribute 30% of the baby food and infant formula market size by 2027. The growing popularity of organic baby food products and increasing middle-class population in the region is expected to drive the market in the coming years as consumers are able to spend more on high-quality baby food products.
The new product launches is a key factor driving the baby food and infant formula market value.
The increasing demand for organic baby food products is the major baby food and infant formula market trend which will positively influence market growth.
Increasing number of product recalls are a major challenge to the baby food and infant formula market size.
Technavio’s research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the baby food and infant formula market. Download the PDF Sample Report
YOY growth rate of the baby food and infant formula market.
A diversified analysis of the market’s competitive landscape and detailed information about vendors.
Accurate prediction about upcoming trends and changes in consumer behavior across APAC, Europe, North America, South America, and Middle East and Africa.
Comprehensive details of factors that will impact the growth of baby food and infant formula market vendors.
