San Jose, California (PRWEB) May 08, 2014
Follow us on LinkedIn – Despite low birth rates and falling fertility rates in majority of the countries worldwide, the baby foods and infant formula market continues to grow. Favourable demographics such as older parents with higher discretionary spends, dual income households, increasing number of women in the workforce, high birth rates in developing countries, decreasing number of children per family, product advancements, and massive advertising and promotional campaigns represent key growth drivers in the global baby foods and infant formula market. While developed countries in North America and Europe represent mature markets with high capita spends, developing countries in Asia-Pacific, Latin America and the Middle East rank as emerging markets with huge untapped potential for growth as evidenced by the relatively lower per capita spends. As two of the densely populated countries in the world with a huge infant population, China and India offer significant growth opportunities.
Rising focus on child safety, health, and wellness, coupled with growing awareness on right ways of parenting are expected to drive future growth in the market.
Market for baby food products is also driven by the growing need to offer advanced nutrition in order to improve brain development, immune & hormonal systems as well as reduce risk of childhood obesity. Few high-value ingredients that improve nutritional value of food and offer improved benefits to children include lactalbumin, nucleotides, casein glycomacropeptide and lactoferrin, among others.
Organic baby foods represents a booming market worldwide supported by mounting concerns over possible exposure to toxins and chemicals on consuming non-organic baby food products. Innovative organic baby food products benefiting market prospects include organic baby drinks, juices, cereal, candy, puree, snacks, bars, and biscuits, among other varieties. Rising popularity of soy-based products is also expected to bode well for the market in the near term.
Yet another trend that has been gaining traction lately is the importance of lipid levels in brain and vision development in infants. Few of the lipids under evaluation for inclusion in infant formula include human fat analogues, high-beta palmitate oils, and complex lipid matrices. These technological advances are expected to offer manufacturers of infant formula with adequate tools to improve the nutritional value of formula and offer enhanced benefits for infant growth.
As stated by the new market research report on Baby Foods and Infant Formula, the United States represents the largest market worldwide, closely followed by Europe. Asia-Pacific is forecast to spearhead growth in the global market with a CAGR of 6.1% over the analysis period. Increasing birth rates, low per capita expenditure on infant formula and baby food products, burgeoning middle class population, steadily rising proportion of working women, rising income levels, increasing emphasis on child care, and rapidly developing retail infrastructure represent key growth drivers in the region.
Key players covered in the report include Abbott Laboratories, Abbott Nutrition, Danone SA, Danone Nutricia, Bledina SA, H. J. Heinz Company, Hain Celestial Group, Ella's Kitchen Group Ltd., Hero Group, Beech-Nut Nutrition Corporation, Semper AB, Mead Johnson Nutrition Company, Morinaga Milk Industry Co. Ltd., Nestlé S.A., Gerber Products Company, Nurture Inc., Parent's Choice, Plum Organics, Synutra International Inc., and Wakodo Co. Ltd., among others.
The research report titled “Baby Foods and Infant Formula: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges, and other strategic activities of major companies. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India, Indonesia, Malaysia, South Korea, Taiwan, and Rest of Asia-Pacific), the Middle East and Latin America (Argentina, Brazil, Mexico, and Rest of Latin America). Product segments analyzed include Infant Formula, Baby Meals, Baby Cereals, Baby Juices & Drinks, and Baby Biscuits & Rusks.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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