Baby drinks include infant formula baby juice based on fruit juices that are considered for use by children below the age of 3 years. Infant formula is a dried milk product prepared to replace the nutrient content of natural breast milk by rehydration with water. Hectic lifestyle of consumers and increase in number of working women have increased the acceptance of baby drinks in the market. It is a substitute for breast feeding and are increasingly gaining popularity in the developed and developing economies. Moreover, owing to high nutritional content, baby drinks are recommended by pediatricians which would show an increased business trends in the coming five to six years.
Growth in number of working women, increasing birth rate, rising awareness among parents about importance of balanced and correct food for babies, and baby drinks as an alternate for breast milk are the factors propelling the growth of the market. However, declining birth rate in developed countries and popularization of breastfeeding through government schemes may hinder the growth of the market. Growing product portfolio by manufacturers and health & wellness trends might provide with several growth opportunities in the forecasted years.
The global baby drinks market is segmented on the basis of product type, application, distribution channel, and geography. By product type, the market is segmented as infant formula (infant milk, fallow-on milk, specialty baby milk, and growing up milk), and baby juices (concentrated, and ready to drink). Further, the market is segmented by application as less than 6 months, 6 to 12 months, 12 months to 36 months, and others. By distribution channel the market is segmented as large retail, small retail, specialty store, and online.
Based on geography, the global baby drinks market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, Spain, and others. Asia-Pacific is segmented into India, China, China, Japan, South Korea, and others while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include Nestle S.A., Nutricia, Kraft Foods Group Inc., Abbott Laboratories, Sofina SA, Reckitt Benckiser Group Plc. Arla foods, Campbell Soup Company, Hain Celestial Group, and Beingmate Group Co. Limited, among others.
The key takeaways from the report
- The report will provide detailed analysis of Baby Drinks Marketwith respect to major segments such as product, application, and distribution channel
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Baby Drinks Markethas been included in the report
- Profile of the key players in the Baby Drinks Marketwill be provided, which include key financials, product & services, new developments and business strategies
Scope of Baby Drinks Market
- Infant Formula
- Infant Milk
- Fallow-On Milk
- Specialty Baby Milk
- Growing-Up Milk
- Baby Juice
- Less Than 6 Months
- 6 Months To 12 Months
- 12 Months To 36 Months
- North America
- Asia Pacific
- South Korea
- South America
- Middle East