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The global baby food and infant formula industry is being driven by the growing demand for packaged and convenient baby food products, with a changing consumer lifestyle. As more women join the workforce, the demand for nutritious and healthy infant formulations is increasing. Rising consumer disposable incomes and increased product launch by manufacturers are expected to aid the growth of the baby food and infant formula industry globally. The Asia Pacific region is one of the leading markets in the industry, accounting for a significant share. The growth of the industry in the region can be attributed to the presence of a large population and the growing demand from emerging economies like China and India. Further, in terms of import and export, China and the Netherlands are the biggest importer and exporter in the global market. Some of the major players in the company include Nestlé SA (SWX: NESN), Abbott Nutrition, a part of Abbott Laboratories (NYSE: ABT).
The increased consumer demand for organic products is influencing manufacturers to enhance their products range. Nestlé India’s Ceregrow Organic Selection, which is an organic cereal with milk for the children of age 2 to 5 years, gives the little ones a rich exploration of textures, tastes, and organic goodness. The product has successfully received ‘India Organic’ and ‘Jaivik Bharat’ certification logos as the farms, suppliers, and value chain involved in its production process are all ‘Organic Certified’. Further, the growing investment and increased research and development activities by the key players are expected to aid the industry further. In October 2017, Abbott became the first company to launch the infant products with HMOs (Human Milk Oligosaccharides), which are the third most abundant solid component in breast milk. The company, in Mexico, announced the launch of its most innovative products in child nutrition, containing HMOs, aiming to support immune and digestive health and bring this innovation to the world. Such developments are expected to aid the growth of the global market for baby food and infant formula in the coming years.
Market Breakup by Types, Distribution Channels, and Regions:
By type, the global baby food and infant formula industry can be divided into milk formula, dried baby food, prepared baby food, and other baby food.
On the basis of distribution channel, the industry is segmented into supermarkets and hypermarkets, pharmacies, and convenience stores, among others.
Region-wise, the global market for baby food and infant formula can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global baby food and infant formula market are Abbott Nutrition, Nestlé S.A., Danone S.A., and Mead Johnson & Company, LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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