Published Date : Feb 08, 2016
The global baby food market has been deriving much of its growth from the rapid urbanization across the world. The changing patterns of living and rising awareness regarding nutritional intake of a baby on a daily basis are also influencing the demand for baby food globally.
Economic Development Drives Asia Pacific Baby Food Market
Asia Pacific dominates the global baby food market and is closely followed by Europe, North America, Latin America, and the Middle East and Africa. The Asia Pacific market for infant milk formula has occupied the majority share in the overall baby food market. The economic development and increasing disposable income in this region are the main factors driving the growth of this market in Asia Pacific.
North America has also reported remarkable growth in the demand for packaged baby food in recent times. The increasing awareness pertaining to vitamins and nutrients, these baby food offer, has fueled the baby food market in North America.
In addition to this, the Middle East and Africa is likely to register a surge in the demand for baby food in the coming years, owing to the rising awareness regarding the benefits of healthy baby food among parents.
Here are the top trends in the global baby food market, which are likely to shape its future.
Nestle, Perrigo Co. Plc, Danone, and Abbott Laboratories are some of the major manufacturers of baby food across the world.