Fortified Baby Food Market Report - Use of Encapsulation Technology Presents Opportunities - MRFR
Global Fortified Baby Food Market Overview:
Fortification of baby food is carried out by adding
micronutrients to baby food in order to enhance the nutritive value of the
food. Market Research Future (MRFR) has published a report stating that the
global Fortified Baby Food Market is projected to grow with a significant
growth rate of 8.89 % from 2020 to 2027 and reach a market value of USD 6.88
billion by the end of 2027.
Market Drivers and Restraints:
Fortified baby food offers additional micronutrients such as
essential trace elements and multiple vitamins that are required for the
healthy growth of babies. With changing lifestyle and proliferation in working
women population, the demand for packaged baby food with extra nutritive value
has increased, leading to the expansion of the global fortified baby food
market. Rise in demand for baby products that can provide nutrients that are
equivalent to the nutritive value of breast milk and increasing popularity of
ready-to-eat baby meals are some of the primary factors that are projected to
propel the growth of the global Fortified
Baby Food Market Research. Initiatives undertaken by governments in
various developing and underdeveloped regions for eradicating malnutrition
among the infants and toddlers and rise in disposable income in developed and
developing regions are some other major factors that are fueling the growth of
the global fortified baby food market. However, concerns regarding the effects
the added preservatives and other functional specialty food ingredients and
reluctance in adopting the trend of packaged food are likely to restrain the
growth of the global fortified baby food market during the assessment period.
Market Segmentation:
The global fortified baby food market is segmented on the
basis of nutrients, product type and distribution channel. Based on nutrients,
the fortified baby food market has been segmented into mineral and vitamin. The
mineral segment has been sub-segmented into zinc, folic acid, copper, iron,
DHA, and others. The vitamin segment has been sub-segmented into Vitamin A,
Vitamin C, Vitamin D and others. Based on product type, the fortified baby food
market has been segmented into ready to feed baby food, dried baby food, milk
formula and others. Based on distribution channel, the fortified baby food
market has been segmented into supermarkets and hypermarkets, specialist
retailers, convenience stores and others.
Regional Analysis:
Geographically, the global fortified baby food market has
been segmented into four major regions such as Europe, North America, Asia
Pacific and the rest of the world. The Asia Pacific region is forecasted to
dominate the global fortified baby food market during the assessment period owing
to increased manufacturing of fortified baby food in emerging economies of this
region in order to meet the skyrocketing demand for improved baby products in
various regions of the world. The fortified baby food market in the Europe
region is projecting steady growth during the forecast period. Whereas the
demand for innovative baby products and increasing disposable income are
propelling the growth of fortified baby food market in the North America
region.
Industry Updates:
In October 2018, For Aisha, a U.K.-based halal baby food
business, has announced that it will be launching its first vegan fortified
baby food which will be suitable for babies of four months of age and above.
In July 2018, Sprout Foods, one of the largest independent
fortified baby food company, has recently announced the launch of a new Amazon
Alexa skill named Eat & Sing with Sophie Sprout, that helps parents to make
the mealtime more engaging and exciting for babies and toddlers, without the
use of digital screens on tablets and smartphones.
Key Players:
The leading players profiled by MRFR that are operating in
the global Fortified
Baby Food Market Report are Danone SA (France), Nestle SA (Switzerland),
Abbott Laboratories (the U.S.), Hero Group (Switzerland), Kraft Heinz Foods
Company (the U.S.), The Hein-Celestial Group (the U.S.), Bellamy's Organic
(Australia) and others.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market
research company that offers a wide range of services, complete with accurate
and precise analysis about diverse markets, sub-markets and target consumers.
Our approach is a combination of extensive information and multiple data sources
that help provide an exhaustive comprehension about the latest major
developments to the client, in addition to future events and what measures and
decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an
adept research analysts’ team that focuses on gathering useful data and
analytics in terms of economic and technological advances. Our proficient
analysts conduct industrial visits in a bid to achieve reliable and accurate
information from established market participants. One of our foremost
objectives is to keep the client well-versed with all the lucrative
opportunities as well as challenges surrounding various global markets. We
offer step-by-step guidance to our clients, through consulting and strategic
services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media
Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Comments
Post a Comment