NEW YORK, July 6, 2021 /PRNewswire/ -- The baby food and infant formula market is poised to grow by USD 34.47 billion during 2021-2025, progressing at a CAGR of over 7% during the forecast period.
NEW YORK, July 6, 2021 /PRNewswire/ -- The baby food and infant formula market is poised to grow by USD 34.47 billion during 2021-2025, progressing at a CAGR of over 7% during the forecast period.
Read the 120-page report with TOC on "Baby Food and Infant Formula Market Analysis Report by Product (Infant formula and Baby food), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2021-2025".
The market is driven by the increasing number of working women. In addition, new product launches are anticipated to boost the growth of the baby food and infant formula market.
The number of working women across the world has increased significantly over the years. Also, some women have concerns such as lactation issues and the low production of breast milk. This is increasing the demand for infant formula products that can be fed anywhere and anytime, making it convenient for mothers who are unable to breastfeed their babies. Moreover, the infant formula can be given in bottles by both parents and caregivers. Many such factors are fueling the growth of the global baby food and instant formula market.
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Major Five Baby Food and Infant Formula Companies:
Abbott Laboratories
The company offers baby food and infant formula under the brand name SIMILAC.
Beingmate Co. Ltd.
The company offers baby food and infant formula under the brand names Beingmate Love Plus, Sohomin, and Beingmate Green Love.
Danone SA
The company offers baby food and infant formula under the brand names Protinex Vanilla, Protinex Mango, Protinex Bytes, Aptamil Preterm, Dexolac Premium, Dexolac Hi KAL, and others.
GreenSpace Brands Inc.
The company offers baby food and infant formula under the brand name Love Child Organics.
Hero Group
The company offers baby food and infant formula under the brand names Hero Baby, Semper, Beech Nut, and others.
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