Global Baby Food Market 2015 Estimated to Grow at a Compound Annual Growth Rate 8.95% by 2022
Global Baby Food Market 2015
Deerfield Beach, FL -- (SBWire) -- 08/20/2015 --The Global Baby Food market is poised to reach $49.2 billion in 2014 growing at a CAGR of 8.95% to reach $97.7 billion by 2022. Some of the key drivers include altering socio-economic trends, mounting end user alertness as well as modern goods and binding. The matured industrialization and mass production of canned goods, growing importance of advertising and the discovery of vitamins in vegetables and fruits are boosting the market growth.
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The opportunity lies in developing regions, attracting customer thoughts and acquiring fame. Stakeholders capture planned decisions which are taking place in the resembling trends and opportunities.
Global Baby Food market is segmented by Product, by Health Benefits, by Ingredients and by Geography. Based on Product, market is segregated into cereals, Soup, Juice, Bottled, Snacks, Canned & Frozen and other products. Based on Health Benefits, market is classified into Muscular growth, Nervous system, Bones and teeth development, Body energy, Immune system, Blood enhancement, Brain and eye development, Vascular system and Other benefits. Based on Ingredients, it is categorised into Milk products, Fruits, Vegetables, Cereals and Meat products. Cereals are further divided into Mixed, Barley, Oatmeal and Rice. Market by geography is segmented into North America, Europe, Asia Pacific and Rest of the World. North America and Europe regions share the foremost share in provisions of entire market revenue generated.
The Key players in the market include, Abbott Nutrition, Sma Nutrition, Danone Dumex, Fasska, Plum Mums, Bristol-Myers Squibb, Earth's Best, H.J. Heinz Co and Nestle.
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