North America Baby Food and Infant Formula Market Report 2022: A Projected $13.2 Billion Market by 2027 – Industry Trends, Growth, Opportunities and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “North America Baby Food and Infant Formula Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The North America baby food and infant formula market size reached US$ 9.3 Billion in 2021. Looking forward, the market is set to reach US$ 13.2 Billion by 2027, exhibiting a CAGR of 6.01% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Baby food comprises of soft, pureed or easy to consume food variants including fruits, cereals, meats and vegetables. Infant formula refers to the processed food infused with distinct ingredients that serve as a replacement for breast milk. These edible products are consumed by babies of 0-2 years age as they lack a developed mastication system. The baby food and infant formula acts as the main source of minerals, calories and vitamins for the babies.
North America is amongst one of the biggest markets for baby food and infant formula products in the world. Increasing disposable incomes, new product innovations and high birth rate are some of the main drivers for baby food and infant formula market in the region.
In addition to this, increasing working women population, easy availability and inability to breastfeed have also fueled the demand of baby food and infant formula products. Rising awareness towards the health benefits as well as expanding globalization will continue to boost the baby food and infant formula market in the region.
Key Questions Answered in This Report:
- How has the North America baby food and infant formula market performed so far and how will it perform in the coming years?
- What are the key regions in the North America baby food and infant formula market?
- What has been the impact of COVID-19 on the North America baby food and infant formula market?
- What is the breakup of the North America baby food and infant formula market on the basis of type?
- What is the breakup of the North America baby food and infant formula market on the basis of distribution channel?
- What are the various stages in the value chain of the North America baby food and infant formula industry?
- What are the key driving factors and challenges in the North America baby food and infant formula industry?
- What is the structure of the North America baby food and infant formula industry and who are the key players?
- What is the degree of competition in the North America baby food and infant formula industry?
- What are the profit margins in the North America baby food and infant formula industry?
Key Market Segmentation:
Analysis for Each Country
Market by Type
- Milk Formula
- Dried Baby Food
- Prepared Baby Food
- Others
Market by Distribution Channel
- Supermarkets and Hypermarkets
- Pharmacies
- Convenience Stores
- Others
Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
Competitive Landscape:
- Competitive Structure
- Key Player Profiles
For more information about this report visit https://www.researchandmarkets.com/r/vkh0rm
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