Latest Research Report on Baby
Food and Formula Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Baby Food and
Formula prepare a case for investments in different regions based on a
practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
Baby Food and Formula Market
Report by Material, Application, and Geography – Global Forecast to 2024 is a
professional and in-depth research report on the world’s major regional Baby
Food and Formula Market conditions, focusing on the main regions (North
America, Europe and Asia-Pacific) and the main countries (United States,
Germany, united Kingdom, Japan, South Korea and China).
Download Free Sample
Report Now @ https://www.millioninsights.com/industry-reports/baby-food-and-formula-market/request-sample
Baby food and formula
market consists of soft, easy consumed food with the infant formula for the
replacement of natural breast milk. Specifically, the products under baby food
are majorly categorized for four to six months, whereas the infant formula is
majorly for the babies under the age of twelve months and usually prepared for
cup feeding or bottle feeding from powder or liquid. Specifically, The U.S.
Federal Food, Drug, and Cosmetic Act (FFDCA) has defined the infant formula as
a food specially represented for special dietary use for infants because of its
complete or partial replacement of human milk. On the other hand, baby food
comes in different varieties and tastes. It can be ready made food from the
market or the homemade mashed up food.
The market of baby food and
formula is a huge market and its major growth has been seen in past 5 years. It
is expected to witness major growth in the next seven years owing to the
increase in the growth of working women and increase in the people awareness
about the product’s convenience, quality, comfort and benefits associated with
it. Nowadays, parents with time have become very precise in giving proper
nutrition to their child through any mode whether it’s a mashed-up food or an
infant formula.
Due to this fact parents
are ready to spend any amount, but due to the increase in competition in the
baby care market where numerous branded products at different price points come
in parent’s attention, market is going to be stiff in future. Hence, this
becomes the major restrain for new players to enter in the market. In this
market key drivers are growing awareness of parent’s to partially or completely
substitute the daily natural food products, increase in the number of working
women population, consciousness of parents to provide nutritious rich food, and
attention of parents to the growing diseases owing to the increase in pollution
to food products.
According to the World
Bank, between 1960 and 2013 the birth rates around the world have declined to
more than 45% on an average. Majorly, due to that parents have become more
critical in choosing the right baby’s food product. Companies find themselves
in difficult stage where they must provide the utopian products in a stiff
competition that too at a lucrative price points so that parents mind and heart
can be won.
Baby infant formula is
generally segmented into the three types; first being the Powder type which is
prepared by mixing the scoops of powder with sterilized water and can be stored
for less than 30 days in a cool place, second being the Concentrated liquid
type which is majorly prepared with sterilized water in equal proportion and
can be stored for less than 24 hours in a refrigerators, lastly ready to use
type which do not need any water mix and can be stored for less than 24 hours
in a refrigerators.
The Food and Drug
Administration (FDA) has benchmarked the quality standards on the basis of
nutrition level to ensure that the products are safe and supports healthy
growth in infants. Due to this reason, producers of the same have set the
nutritional level above the FDA set points which are different for different
segments. Other than infant formula which is for babes less than 12 months of
age, there are baby foods which are segmented according to the food type such
as Cereals, Fruits, and Vegetables, Meats, and Sweet & Salty foods. Baby
foods are produced majorly for babies four to five years old.
Baby Food and Formula sales
share is highest in developed region whereas growing fastest in developing
regions. Globally European region constitutes to be more than 50% sales values
for baby food and more than 25% sales values for infant formula. From other
developed regions North America constitutes more than 30% in the baby food and
more than 40% in the infant formula. These regions is expected to constitute to
account more than 30-40% each in baby food & in infant formula as they are
heavily investing in producing the best quality products with utmost care to
the nutritious level.
The other main reason for
them to remain main regions for these products is due to the drastic increase
in the awareness and dependency. Other very important region is Asia Pacific
which is currently accounts for more than 10% sales value in infant formula and
more than 5% in the baby food. Asia Pacific region is the fastest growing
region as it includes countries such as India, China, Japan and Singapore which
are the fastest developing nations economically.
There is a huge transition
in the working population of women. Due to this here use of baby food products
and infant formula have substantially increased. Latin America has also shown
the highest market growth in sales value of more than 40% in 2014 and is
expected to foster same growth rate in forecasted period. Major vendors in this market are Abbott
Laboratories, Danone SA, Mead Johnson & Co. LLC, Nestle SA. Other prominent
vendors are Ballamy Organics, Meiji, Nurture Inc, Parent’s Choice etc.
Know
More Insights @ https://newsonmarketblog.wordpress.com
No comments:
Post a Comment