London, 04 March 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Baby Food and Infant Formula Market 2015-2019, which is expected to grow at a CAGR of 7.69 percent during the period 2015-2019.
“Vendors are investing heavily in the development of innovative, eco-friendly, and recyclable alternatives to conventional packaging,” says Faisal Ghaus, Vice President of TechNavio.
“Nowadays, baby food is often packaged in pouches manufactured from paper. These pouches have a lower carbon footprint and better overall environmental ratings than plastic jars and bottles.”
Key Market Drivers
- High Incidence of Malnutrition in Babies
- Favorable Demographic Factors
- Changing Lifestyles and Increase in Population of Working Women
- Increase in Demand because of Inability of Mothers to Breastfeed
Key Market Trends
- Growing Demand for Organic Baby Food
- Growth in Organized Retailing
- Increase in Marketing Initiatives
- Demand for Eco-friendly Packaging
Key Market Vendors
- Abbott Laboratories Inc.
- Danone SA
- Mead Johnson & Co. LLC
- Nestlé SA
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
