VALLEY COTTAGE, New York, September 12, 2017
VALLEY COTTAGE, New York, September 12, 2017 /PRNewswire/ --
Rising population of working women, increasing trend of single-parenting (particularly in male demographics), and growing health consciousness among parents continue to drive the demand for baby foods. Globally, the demand for baby foods is witnessing a shift from conventional products to organic foods. Manufacturing of baby foods is also witnessing implementation of stricter health & safety standards, lowering the incidence of food-borne disorders caused by improper formulation of baby foods. Increasing awareness on how packaged baby foods can provide improved nutrition to toddlers is also expected to fuel the sales of baby foods in the years to come.
According to the recent report published by Future Market Insights (FMI), the global market for baby foods will soar at a steady pace, procuring nearly US$ 62 Bn in global revenues by the end of 2022. During the forecast period, 2017-2022, the global baby food market is projected to reflect at steady CAGR. Following insights reveal the key findings from FMI's global market forecast on baby foods.
Global Market Research Report Overview on Baby Foods @ https://www.futuremarketinsights.com/reports/baby-food-market
6 Insights on Future of Baby Foods Market
In 2017 and beyond, the Asia-Pacific excluding Japan (APEJ) region will be observed as the largest market for baby foods. Throughout the forecast period, expansion of global baby food market will remain concentred in the APEJ region, revenues from which are expected to soar at a robust CAGR of 8.2%.
Towards the end of 2022, the global demand for infant formulas will outpace that of dried baby food products. However, in terms of revenues, dried baby foods will reflect a higher market share compared to infant formulas, prepared baby foods, and other products available in the baby food market.
With respect to packaging, a majority of baby foods will be sold across the globe in pouches and cartons. Collectively, sales of baby food in pouches and in cartons will exhibit nearly half of the global market value through 2022. Single-serve sachets will also gain traction, while baby food packed in jars will witness lowest traction throughout the forecast period.
View Report Table of Contents, Figures, and Tables@ https://www.futuremarketinsights.com/reports/baby-food-market/toc
Modern trade outlets are expected to emerge as largest sales channel for baby foods. Online sales of baby foods will also witness steadfast growth, raking more than US$ 10 Bn revenues by 2022-end.
The report projects that in 2017, over US$ 10.6 Bn worth of baby food will be sold globally for consumption of infants. On the basis of age-group, toddlers will account for largest share of global baby food market, but will reflect a moderate CAGR towards the end of forecast period.
The report also projects that baby food consumption in developed markets such as North America and Europe will dwindle in the next five years. The Middle East & Africa (MEA) region, on the other hand, is expected to emerge lucrative for sales of baby foods.
The report has also profiled leading players in the global market for baby food, which include companies namely, Nestlé S.A., Danone, Mead Johnson & Company, LLC, Abbott Laboratories, Cargill Inc., The Kraft Heinz Company, The Hain Celestial Group, Inc., Perrigo Company, Hero Group A.G., Bellamy Organics, Campbell Soups Company, DSM, and Arla Foods amba.
A sample of this report is available upon request@ https://www.futuremarketinsights.com/reports/sample/rep-gb-4777
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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