Baby Food Market: Increasing population base and growing urbanization boost the global industry, says ZMR

18-Apr-2017 | Zion Market Research

Baby food is what's more a partial or total alternative for breast milk for toddlers or infants of fewer than 2 years old. It is a spongy food item that can be effortlessly eaten by babies and infants. Baby foods are particularly deliberated by the companies to meet the dietary necessities of the baby. In general, baby food is primed with the necessary quantity of iron and proteins, so that it correctly assists in the growth of the baby and early development of the body. The baby food market is divided into different sections which comprise health benefits, product, and essential elements. In 2015, the global baby food market accounted for $53.31 Billion and by 2021 is projected to reach $76.48 Billion with a growth rate of 6.2% CAGR from 2016 to 2021.

There are primarily three types of baby food, which are powder, liquid concentrate, and ready-to-feed. The powder is the most affordable type and it is used by integrating with water prior to feeding the baby. In the case of the ready-to-feed type, there is no necessity of adding any fluid and mother can give to eat this straight to the infant. In addition, subsections of baby foods comprise milk formula, dried baby food, other baby food such as baby beverages and baby snacks, as well as prepared baby food. Cow milk-based methods are getting great acceptance in promising economies in the last couple of years. Rising disposable income level of a person, increasing population base, and growing urbanization, are some of the main factors, which are anticipated to be boosting the baby food market all over the world. New startups in the industry are also one of the reasons that are boosting the global market. For instance, Yumi, a new startup of 2017, works on delivering the baby food on your door steps thus boosting the global market. The turn down in the birth rate in urbanized countries can perform as a key confront for the enlargement in a baby food market in the coming future.

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Some of the major firms operating in global baby food market are Bledina SA, Abbott Laboratories, Hain Celestial Group, Danone SA, Ella's Kitchen Group Ltd, H. J. Heinz Company, Semper AB, Nestlé S.A., Morinaga Milk Industry Co., Ltd., Mead Johnson Nutrition Company, and others.

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