TechNavio recognizes the following companies as the key players in the Global Baby Food and Formula Market: Nestle S.A., Danone S.A., Abbott Laboratories, and Mead Johnson Nutrition Co.
Commenting on the report, an analyst from TechNavio’s team said: ”Organic food is considered safe for babies since it is produced without the use of pesticides or chemicals. Thus, many companies are introducing organic baby foods in the market since they perceive organic food to be a differentiating marketing strategy. The US is the largest market for organic baby food and formula products. Further, many countries in the EMEA and APAC regions are witnessing an increase in the demand for organic baby food and formula products. For instance, organic food is considered to be healthier than conventional foods; hence, companies are positioning themselves as producers of safe, tasty, and healthy food for babies. Companies offering organic baby food such as Organix and Plum Organics are gaining a significant share in the Global Baby Food and Formula market in recent years.”
According to the report, one of the major drivers in this market is the growing global urbanization. The increasing disposable income and adoption of modern lifestyles by the population in developing countries has resulted in a high demand for baby foods and formulas. Therefore, consumers are increasingly using baby food and formula products.
Further, the report states that one of the key challenges is the declining birth rates in developed countries. The economic recovery of the US and Europe, following the recession in 2008-2009, is still in the consolidation phase. Therefore, the declining birth rates in countries such as US, Germany, and Japan, has resulted in the stagnation in the demand for baby foods and formulas.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Ella’s Kitchen, H.J. Heinz Nutrition, Hero Group,Parent’s Choice, and Plum Organics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-baby-food-and-formula-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/others
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TechNavio Announces the Publication of its Research Report – Global Baby Food and Formula Market 2012-2016
