Fortified Baby Food Market Product Category | Size, Value Share, Top Companies Demand, Growth Factors Details by Forecast 2023
Fortified Baby Food Market Global Information by Nutrients type (Minerals, Vitamins), Product Type (ready to feed products, milk formula, dried baby products and others), Distribution Channel
pune, India – August 7, 2019 /MarketersMedia/ —
Market Overview
Fortified Baby Food Market is expected to reach significant valuation at a substantial CAGR over the forecast period.
The global fortified baby food is expected to be driven by the increasing health-conscious people in developed economies. Also, the improvement of livelihood among consumers in emerging economies is also an important factor for the growth of fortified baby food market over the review period. Fortified baby food is also gaining momentum owing to the growing initiatives by governments towards decreasing the chances of malnutrition globally. Infant and toddlers need a reasonable amount of nutrition in their daily diet. So, there is a growing demand for packaged baby food with proper beneficial value. For this reason, fortified baby food is growing as the best choice that mothers expect for their infants. Mother’s milk is the best source of nourishment for infants, especially under the age of 6 months, but owing to the busy lifestyles of mothers, it is also necessary to provide infants with nutritious baby food. moreover, the changing lifestyle and evolving dietary pattern have increased the demand for ready to eat food products for children and infants owing to the time constraints for cooking homemade food products and breastfeeding for infants.
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Key Players
The key market players operating in the Global Fortified Baby Food Market are
• Nestle SA (Switzerland),
• Danone SA (France),
• Hero Group (Switzerland),
• Kraft Heinz Foods Company (U.S.),
• The Hein-Celestial Group (U.S.),
• Abbott Laboratories (U.S.),
• Bellamy’s Organic (Australia)
Regional Analysis
The global market for Fortified Baby Food is segmented into North America, Asia Pacific, Europe, and the rest of the world (ROW). America accounts for the largest market for the fortified baby food market, owing to the established food and beverage industry in the region. Moreover, the availability of skilled professionals working towards, in fact care both in the dietary sector as well as in the healthcare sector is aiding towards the market growth over the review period. The increase in funds towards research and development for introducing advanced fortified food products is expected to propel the growth fo the market share acquired from this region.
the Asia Pacific region of the global market for Fortified Baby Food is expected to retain its dominance as the fastest-growing region in the market throughout the forecast period. This is attributed by the growing per capita disposable income along with the higher birth rate in emerging economies like China, India, and Indonesia. Especially China and India offer a profitable opportunity in the Asia Pacific region for the producers of fortified baby food.
Europe is also projected to witness steady growth during the reviewed period. Europe also has an established healthcare industry, supportive government facilities, and the availability of funds for the growth of the European fortified baby food market in the region. The higher number of working women in the region is also expected to contribute towards the high market share to be acquired from this region over the review period.
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Segment Analysis
Global Fortified Baby Food market has been segmented based on nutrients such as mineral and vitamin. The mineral segment is sub-segmented into folic acid, zinc, copper, DHA, iron, and others. Also, the vitamin segment is sub-segmented into Vitamin C, Vitamin A, Vitamin D, and others.
The global for market Fortified Baby Food has been segmented based on product type, which includes ready to feed baby food, dried baby food, milk formula, and others.
Global for market Fortified Baby Food has been segmented based on distribution channels such as supermarkets & hypermarkets, specialist retailers, convenience stores, and others.
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