LONDON–(BUSINESS WIRE)–Feb 3, 2021–
The global baby food and infant formula market has the potential to grow by USD 33.12 billion during 2020-2024, according to the latest market research report by Technavio. The report highlights key products offered by the top five vendors and their contribution to the overall growth of the market. Download a Free Sample Report Instantly for a More Detailed Analysis
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210203005545/en/
Technavio has announced its latest market research report titled Baby Food and Infant Formula Market by Product and Geography – Forecast and Analysis 2020-2024 (Graphic: Business Wire)
New product launches will be crucial in driving the growth of the global baby food and infant formula market during the forecast period. Vendors in the market are introducing new and innovative products to stay competitive and expand their consumer base. The expansion of the product portfolio also helps vendors to differentiate themselves from each other based on product quality, innovation, brand awareness, product features, and product pricing. Thus, the increasing number of product launches is expected to have a positive impact on the growth of the market during the forecast period.
“The increasing number of working mothers has been a prominent factor in will positively impact the market as well as the packaged foods & meats industry in the forthcoming years,” says an analyst at Technavio.
Develop Smart Strategies for Your Business: Grab an Exclusive Free Sample Report Now!
Baby Food and Infant Formula Market: Competitive Vendor Landscape
The market is fragmented due to the presence of many players. Abbott Laboratories, Beingmate Co. Ltd., Danone SA, HiPP GmbH & Co. Vertrieb KG, and Meiji Holdings Co. Ltd. are some of the major market participants. To help clients improve their market position, this baby food and infant formula market report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies.
Gain Instant Access To 17,000+ Market Research Reports and Connect with Expert Analysts
Technavio’s SUBSCRIPTION platform
Top Five Vendors in the Global Baby Food and Infant Formula Market:
Abbott Laboratories
Abbott Laboratories operates its business through segments such as Established Pharmaceuticals Products, Nutritional Products, Diagnostic Products, and Medical Devices. The company offers a wide range of baby food and infant formula products under the EleCare, Similac, and PediaSure brands.
Beingmate Co. Ltd.
Beingmate Co. Ltd. operates its business through the Unified segment. The company offers several baby food and infant formula products under the categories of Beingmate Love Plus, Beingmate Green Love, Beingmate Red Love, among others.
Danone SA
Danone SA operates its business through segments such as Specialized Nutrition, Essential Dairy and Plant-Based Products, and Waters. The company offers a wide range of baby food and infant formula products under the Happy Family, SGM, Aptamil, Nutrilon, Bebilon, and Almiron ranges.
HiPP GmbH & Co. Vertrieb KG
HiPP GmbH & Co. Vertrieb KG operates its business through the Unified segment. The company offers a wide range of baby food and infant formula products under the categories of HiPP Weaning Food, HiPP Milk Formula, and HiPP for Toddlers.
Meiji Holdings Co. Ltd.
Meiji Holdings Co. Ltd. operates its business through segments such as Food and Pharmaceuticals. The company offers products such as Meiji Step Raku raku Cube, Meiji Hohoemi RakuRaku Cube, and Meiji RakuRaku Milk infant formula products.
Related Reports on Consumer Staples Include:
Global Organic Baby Food Market – Global organic baby food market is segmented by product (organic prepared baby food, organic infant formula, organic dried baby food, and organic other baby food), distribution channel (offline and online), and geography (North America, APAC, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Global Baby Food Market – Global baby food market is segmented by type (Prepared baby food, dried baby food, and other baby food) and geography (APAC, North America, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
To learn more about the global trends impacting the future of market research, Download a Free Sample Report
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005545/en/
CONTACT: Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website:www.technavio.com/
KEYWORD:
INDUSTRY KEYWORD: FOOD/BEVERAGE CONSUMER RETAIL PARENTING BABY/MATERNITY
SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 02/03/2021 03:30 PM/DISC: 02/03/2021 03:30 PM
http://www.businesswire.com/news/home/20210203005545/en
