“Baby Food Market: Infant Formula Sales to Record Rapid Growth: Global Industry Analysis (2012-2016) & Opportunity Assessment,” by Future Market Insights (FMI), has been released (2017-2022), Nutritional foods for newborns are extremely beneficial to parents who are continuously on the search for new infant formulae and other easily digestible baby foods. Baby foods are one of the fastest-growing retail categories in the food and beverage sector.
Due to the continual rise in the expenses of middle-class parents around the world, demand for baby foods or foods for babies continues to exist. Working women who are also mothers have emerged as a result of urban living and lifestyle trends. As a result, baby meals are excellent substitutes for breast milk and provide important nutrition to infants.
Because the parents place such a high value on their newborn child, baby foods are the most crucial item on their shopping list. Baby food is a soft, easy-to-eat substance that serves as a substitute for breast milk, providing essential nutrients in the right amounts for newborns’ healthy development. Baby foods are available in dry, prepared, and infant formula forms on the current market.
By 2022, the global market for infant meals is estimated to be worth roughly US$62 billion, with a modest CAGR between 2017 and 2022. The demand for baby meals will expand in the next 5 years due to factors such as the growing trend of working mothers, increased awareness of the benefits of organic foods for newborns, and an increase in the number of births in various locations.
Competitive Environment:
Mead Johnson & Company, LLC, The Kraft Heinz Company, Campbell soups Company Nestlé S.A., Cargill Inc., Abbott Laboratories, The Hain Celestial Group, Inc., Hero Group A.G., DSM, Arla Foods amba, Danone, Bellamy Organics, and Perrigo Company are among the top players profiled in the research.
