Baby Food and Infant Formula Market Value is Expected to Reach US$ 74.4 Billion by 2024

1. Global Baby Food and Infant Formula Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Baby Food and Infant Formula Market Overview: The latest report by IMARC Group, titles “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global baby food and infant formula market size reached US$ 52.9 Billion in 2018. Infant formula is and artificially synthesized substitute or breast milk used to feed babies under twelve months of age. Baby food, on the other hand, is soft and mashed food that caters to kids of age up to two years. Baby food and infant formula are fortified with several additives like vitamins, prebiotics and fatty acids to improve their nutrient quotient. Parents widely utilize these products for feeding their children as they aid in fulfilling their nutritional requirements, and consequently contribute to their physical growth and development. Baby Food and Infant Formula Market Trends Rising awareness among parents about the importance of health and nutrition is the key factor driving the market growth. With growing urbanization and changing lifestyles, the shift toward convenience- oriented packaged baby food products has been witnessed worldwide. Moreover, the increasing participation of women in the workforce, and the consequent rise in their purchasing power is another key trend driving the demand for infant nutrition products.

4. Report Description and Highlights Report Description 186.5 181.2 175.9 120.2125.5130.8136.1141.4146.7152.0157.3 170.6 180 165.3 160 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 The sales of baby food and infant formula products through online retail channels has further influenced the market growth positively since they offer the customers enhanced convenience at a better price point as compared to traditional retailers. On account of these factors, the market value is expected to reach US$ 74.4 Billion by 2024, expanding at a CAGR of 5.7% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/baby-food-infant-formula- market/requestsample

5. Report Description and Highlights Report Description In addition to this, modernization and rising prosperity have led to the introduction of niche products categories made with high-quality, minimally processed, organic or natural ingredients. Key Market Segmentation: Market Segmentation by Type • • • • Milk Formula Dried Baby Food Prepared Baby Food Other Baby Food On the basis of the product type, milk formula represents the most preferred product. Other major segments include dried baby food, prepared baby food and others. For more information, click here: https://www.imarcgroup.com/baby-food-infant-formula-market Market Segmentation by Distribution Channel

6. Report Description and Highlights Report Description • • • • Supermarkets and Hypermarkets Pharmacies Convenience Stores Others Based on the distribution channel, the market has been divided into supermarkets and hypermarkets, pharmacies, convenience stores, and others. Amongst these, supermarkets and hypermarkets exhibit a clear dominance in the market since these stores offer a large selection of products. Market Segmentation by Region • • • • • North America Europe Asia Pacific Latin America Middle East and Africa Based on the region, the market has been categorized into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. At present, Asia Pacific holds the leading position in the market.

7. Report Description and Highlights Report Description Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • • • Abbott Nutrition Nestle Danone Mead Johnson Kraft Heinz Browse Related Report Organic Baby Food Market Report: https://www.imarcgroup.com/organic-baby-food-market Food Service Market Report: https://www.imarcgroup.com/food-service-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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