(Entertainment-NewsWire.com, February 14, 2018 ) The Baby Food market is expected to reach USD 72.27 Billion by 2022 from an estimated USD 53.5 Billion in 2017, at a CAGR of 6.2%. The key factors such increase in sale of baby foods through online market stores, rising disposable incomes, and the growing population base are driving the growth of this market.
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By health benefits, the immune system segment accounted for the largest share of the market in 2017
On the basis of health benefits, the Baby Food market has been segmented into Immune system, Brain and Eye development, Muscular growth, Bones and Teeth development, Blood Enhancement, Nervous System, Vascular System and Body Energy. The immune system segment accounts for the major market share owing to the increase in awareness and growing popularity of this segment.
By ingredients, the milk products segment accounted for the largest share of the market in 2017
On the basis of ingredients, the Baby Food market has been segmented into Cereals, Milk Products, Fruits, Vegetables and Meat Products. Further, cereals segment is sub divided into Oatmeal, Rice, Barley and Mixed. Milk Products segment is bifurcated into Animal Milk and Yogurt. Milk Products segment developed as the largest provider to the baby food market in terms of revenue, primarily driven by the rising awareness towards baby nutrition and a reduction in breast feeding among the working women population.
North America accounted for the largest share of the Baby Food market in 2017, followed by Europe. The large share of the North American Baby Food market can be attributed to the rapidly growing population, urbanization and the high consumption of baby foods relative to other developing markets.
The various players in the Baby Food market include Nestlé, Danone, H.J. Heinz, Bristol-Myers Squibb, Abbott Nutrition, Plasmon, Baby Organix, Beech Nut, Fasska, SMA Nutrition, Stonyfield Farm, Babynat and Hero are some other key market players in baby food market.
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