Baby Food and Infant Formula Market Size to Grow by USD 34378.13 million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation - Technavio

NEW YORK, Nov. 21, 2022 /PRNewswire/ -- The Global Baby Food and Infant Formula Market share is set to increase by USD 34378.13 million from 2022 to 2027. In addition, the market's growth momentum will accelerate at a CAGR of 6.96% as per the latest market forecast report by Technavio. The market will also record a 5.91% Y-O-Y growth rate during the forecast period. To know more about the historic market size – Request a Free Sample Report!

Technavio categorizes the Global Baby Food and Infant Formula Market as a part of the global packaged foods and meats market, which covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meats market size based on the combined revenue generated by the vendors operating in the market. The market does not include manufacturers of food processing equipment.

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The Global Baby Food and Infant Formula Market is fragmented and the five forces analysis by Technavio gives an accurate vision –

• Bargaining Power of Buyers
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• For information on the impact of the five forces analysis – Click Now!
  
  Global Baby Food and Infant Formula Market – Customer Landscape  
• The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence. 
• The potential for the customer landscape will be available with Technavio Reports – Buy Now!

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Baby food and infant formula Market as per geography is categorized as APAC, Europe, North America, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Baby food and infant formula Market size and actionable market understandings.

• APAC is the fastest-growing region in the global baby food and infant formula market compared to other regions. 30% growth will originate from APAC. APAC is expected to experience the strongest demand among all other regions for baby food and infant formula products during the forecast period. This is because of the favorable economic conditions in the region, which allow consumers to pay a premium price for better-quality products. The growing popularity of organic baby food products will also propel the market. In addition, the increasing middle-class population in the region is expected to drive the baby food and infant formula market in the coming years as consumers as able to spend more on quality baby food products.

• The Global Baby Food and Infant Formula Market as per product segmentation is categorized into infant formula and baby food.
• Revenue Generating Segment - The baby food and infant formula market share growth by the infant formula segment will be significant during the forecast period. The demand for infant formula products is expected to grow during the forecast period due to the increasing number of working mothers and due to the growing health awareness among customers. One of the drivers of the infant formula segment is the convenience factor associated with these products. These can be fed anywhere and anytime, making it a convenient alternative for mothers who are unable to breastfeed their babies. In addition, infant formula can be given in bottles by both parents and caregivers. Furthermore, these products take longer to digest than breast milk, which helps retain the feeling of fullness.

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• New product launches is one of the key drivers in the market.
• Successful product launches help not only the growth of the market but also that of the player launching the product. Such developments increase the revenue flow of the company and expand its consumer base.
• New product launches help enlarge the market share of the player and give it a competitive advantage over other players.
• In April 2020, Nestle SA Gerber launched Good Start A2 Toddler Drink and Gerber Good Start A2 Infant Formula. These products contain easy-to-digest A2 B-casein protein. Such product launches are expected to drive the growth of the global baby food and infant formula market during the forecast period.

• The increasing demand for organic baby food products is the major trend in the market.
• Parents perceive organic baby foods to be healthier and free from harmful ingredients, leading to their increased sales during the forecast period.
• Also, the growing awareness about the detrimental effects of harmful chemicals and preservatives on babies' health has resulted in more parents opting for organic baby food products.
• Organic baby food is perceived to be free from chemicals, pesticides, preservatives, hormones, and antibiotics. Thus, they have garnered much attention in recent years.

• The increasing number of product recalls will challenge the growth of the global baby food and infant formula market.
• Product recalls adversely affect market growth as consumers lose confidence in the products and the reputation of players issuing recalls. Players may also incur additional costs in the form of compensation for settling various legal litigations filed against them.
• The market has witnessed various product recalls in the last few years due to the use of contaminated raw materials, the presence of allergens, or incorrect labeling, which can have a negative impact on market growth and consumers' trust in products.
• For instance, in 2021, Nestle recalled SMA Wysoy Infant Formula after blue plastic was found in some cans. Similarly, in February 2020, Lidl GB (Lidl) recalled ten different types of baby food from its private brand, Lupilu Organic Baby Food, due to the possible presence of mold in the products. The product was recalled due to inconsistency in color and aroma in a small number of cans of the particular batch.
• Product recalls can lead to significant financial setbacks for vendors and impact their brand images. Therefore, product recalls can limit the growth of the market during the forecast period

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19-impacted market research reports.

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• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist baby food and infant formula market growth during the next five years
• Estimation of the baby food and infant formula market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the baby food and infant formula market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of baby food and infant formula market vendors

• The frozen baby food market share is expected to increase to USD 8.08 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.59%. The rise in the working women population is notably driving the frozen baby food market growth, although factors such as warehousing and distribution challenges of frozen baby food may impede the market growth.
• The baby puffs and snacks market share is expected to increase by USD 936.39 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.22%. Increasing women's participation in the workforce is one of the key drivers fueling the baby puffs and snacks market growth.

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global baby food and infant formula market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global baby food and infant formula market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Infant formula - Market size and forecast 2022-2027
• Exhibit 34: Chart on Infant formula - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Infant formula - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Infant formula - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Infant formula - Year-over-year growth 2022-2027 (%)

• 6.4 Baby food - Market size and forecast 2022-2027
• Exhibit 38: Chart on Baby food - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Baby food - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Baby food - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Baby food - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Milk formula - Market size and forecast 2022-2027
• Exhibit 47: Chart on Milk formula - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Milk formula - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Milk formula - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Milk formula - Year-over-year growth 2022-2027 (%)

• 7.4 Dried baby food - Market size and forecast 2022-2027
• Exhibit 51: Chart on Dried baby food - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Dried baby food - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Dried baby food - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Dried baby food - Year-over-year growth 2022-2027 (%)

• 7.5 Prepared baby food - Market size and forecast 2022-2027
• Exhibit 55: Chart on Prepared baby food - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Prepared baby food - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Prepared baby food - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Prepared baby food - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Canada - Market size and forecast 2022-2027
• Exhibit 109: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.14 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Abbott Laboratories 
• Exhibit 120: Abbott Laboratories - Overview
• Exhibit 121: Abbott Laboratories - Business segments
• Exhibit 122: Abbott Laboratories - Key news
• Exhibit 123: Abbott Laboratories - Key offerings
• Exhibit 124: Abbott Laboratories - Segment focus

• 12.4 Ausnutria Dairy Corp. Ltd. 
• Exhibit 125: Ausnutria Dairy Corp. Ltd. - Overview
• Exhibit 126: Ausnutria Dairy Corp. Ltd. - Business segments
• Exhibit 127: Ausnutria Dairy Corp. Ltd. - Key offerings
• Exhibit 128: Ausnutria Dairy Corp. Ltd. - Segment focus

• 12.5 Beingmate Co. Ltd. 
• Exhibit 129: Beingmate Co. Ltd. - Overview
• Exhibit 130: Beingmate Co. Ltd. - Product / Service
• Exhibit 131: Beingmate Co. Ltd. - Key offerings

• 12.6 Campbell Soup Co. 
• Exhibit 132: Campbell Soup Co. - Overview
• Exhibit 133: Campbell Soup Co. - Business segments
• Exhibit 134: Campbell Soup Co. - Key offerings
• Exhibit 135: Campbell Soup Co. - Segment focus

• 12.7 Danone SA 
• Exhibit 136: Danone SA - Overview
• Exhibit 137: Danone SA - Business segments
• Exhibit 138: Danone SA - Key news
• Exhibit 139: Danone SA - Key offerings
• Exhibit 140: Danone SA - Segment focus

• 12.8 Ellas Kitchen Brands Ltd. 
• Exhibit 141: Ellas Kitchen Brands Ltd. - Overview
• Exhibit 142: Ellas Kitchen Brands Ltd. - Product / Service
• Exhibit 143: Ellas Kitchen Brands Ltd. - Key offerings

• 12.9 Else Nutrition Holdings Inc. 
• Exhibit 144: Else Nutrition Holdings Inc. - Overview
• Exhibit 145: Else Nutrition Holdings Inc. - Product / Service
• Exhibit 146: Else Nutrition Holdings Inc. - Key offerings

• 12.10 Emirates Industry for Camel Milk and Products
• Exhibit 147: Emirates Industry for Camel Milk and Products - Overview
• Exhibit 148: Emirates Industry for Camel Milk and Products - Product / Service
• Exhibit 149: Emirates Industry for Camel Milk and Products - Key offerings

• 12.11 Fonterra Cooperative Group Ltd. 
• Exhibit 150: Fonterra Cooperative Group Ltd. - Overview
• Exhibit 151: Fonterra Cooperative Group Ltd. - Business segments
• Exhibit 152: Fonterra Cooperative Group Ltd. - Key news
• Exhibit 153: Fonterra Cooperative Group Ltd. - Key offerings
• Exhibit 154: Fonterra Cooperative Group Ltd. - Segment focus

• 12.12 GreenSpace Brands Inc. 
• Exhibit 155: GreenSpace Brands Inc. - Overview
• Exhibit 156: GreenSpace Brands Inc. - Product / Service
• Exhibit 157: GreenSpace Brands Inc. - Key offerings

• 12.13 HiPP GmbH and Co. Vertrieb KG 
• Exhibit 158: HiPP GmbH and Co. Vertrieb KG - Overview
• Exhibit 159: HiPP GmbH and Co. Vertrieb KG - Product / Service
• Exhibit 160: HiPP GmbH and Co. Vertrieb KG - Key offerings

• 12.14 LACTALIS Group 
• Exhibit 161: LACTALIS Group - Overview
• Exhibit 162: LACTALIS Group - Product / Service
• Exhibit 163: LACTALIS Group - Key offerings

• 12.15 Nestle SA 
• Exhibit 164: Nestle SA - Overview
• Exhibit 165: Nestle SA - Business segments
• Exhibit 166: Nestle SA - Key news
• Exhibit 167: Nestle SA - Key offerings
• Exhibit 168: Nestle SA - Segment focus

• 12.16 Reckitt Benckiser Group PLC 
• Exhibit 169: Reckitt Benckiser Group PLC - Overview
• Exhibit 170: Reckitt Benckiser Group PLC - Business segments
• Exhibit 171: Reckitt Benckiser Group PLC - Key offerings
• Exhibit 172: Reckitt Benckiser Group PLC - Segment focus

• 12.17 The Kraft Heinz Co. 
• Exhibit 173: The Kraft Heinz Co. - Overview
• Exhibit 174: The Kraft Heinz Co. - Business segments
• Exhibit 175: The Kraft Heinz Co. - Key offerings
• Exhibit 176: The Kraft Heinz Co. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations 
• Exhibit 183: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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