(Food-Beverage-News.Com, February 13, 2017 ) The Global Baby Food market is estimated at $53.6 billion in 2015, and is growing at a CAGR of 8.9% to reach $97.7 billion by 2022. Some of the factors such as altering socio-economic trends, mounting end user alertness as well as modern goods and binding, matured industrialization and mass production of canned goods, growing importance of advertising and the discovery of vitamins in vegetables and fruits are the major drivers boosting the market growth. However, declining birth rates and lack of practice to feed home cooked food to babies are some of the restraints hampering the market.
By product, milk formula segment accounted for the largest market share during the forecast period followed by prepared baby food. Moreover, prepared baby food segment witnessed to have a prominent adoption in the global market. Asia-Pacific dominated the global market in terms of revenue during the forecast period followed by Europe and North America. Emerging countries have a huge market for milk formula and occupies more than half of overall global market share.
Product Covered: -Milk Formula -Dried Baby Food -Ready to Feed Baby Food -Prepared Baby Food
Health Benefits Covered: -Muscular growth -Nervous system -Bones and teeth development -Body energy -Immune system -Blood enhancement -Brain and eye development -Vascular system -Other benefits