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(Medical-NewsWire.com, May 17, 2018 ) Global Baby Drinks Market: By Product Type (Baby Juice, Infant Formula, Baby Electrolyte), By Application (Less Than 6 Months, 6-12 Months, 12-36 Months, More Than 36 Months, By Distribution Channel (Supermarkets and Hypermarkets, Online stores, Convenience Stores, Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global baby drinks market was valued at US$ XX Mn in 2017 and expected to grow around 10.0% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Global Baby Drinks Market
Baby Drinks are the products such as infant formula, baby electrolyte, and baby juice that contain nutrients and vitamins help in development of baby. These are based on fruit juices and designed for consumption by children less than three years. Infant formula, a dried milk product is most commonly used for infants that contains similar nutrients present in natural breast milk.
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Market Dynamics: Global Baby Drinks Market
Increase in the women professionals in developed and developing countries is a key factor for the growth of baby drinks market. Moreover, rise in R&D expenditure for the development of newer products, increase in disposable income, active promotions for the baby drink products by market players, rise in awareness about child health, and diversified product offerings by the market players are expected to boost the baby drinks market. However, high cost of products, decrease in birth rate in developed countries, government schemes for the popularization of breastfeeding, and stringent regulations for food safety may restrain the growth of baby drinks market over the forecast years.
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Market Scope: Global Baby Drinks Market
Global baby drinks market is segmented based on product type, application, and distribution channel
Based on the product type, the market is segmented into the following:
Baby Juice
o Ready-to-Drink
o Concentrated
Infant Formula
o Specialty Baby Milk
o Follow-on Milk
o Infant Milk
o Growing-Up Milk
Infant Electrolyte
Based on the application, market is segmented into the following:
Less Than 6 Months
6-12 Months
12-36 Months
More Than 36 Months
Based on the distribution channel, market is segmented into the following:
Supermarkets and Hypermarkets
Online stores
Retail Pharmacies
Others
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Regional Analysis: Global Baby Drinks Market
Geographically, global baby drinks market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America baby drinks market accounted for larger share owing to presence of huge number of market players coupled with development of newer products, rise in disposable income, and increase in the awareness about baby health among parents. Europe baby drinks market is poised to grow at significant rate owing to increase in the adoption of infant formula due to escalation in women workforce in developed countries such as Germany, France, and U.K, favorable government policies, and increase in the baby care expenditure. Asia Pacific baby drinks market expected to exhibit fastest growth rate due to increase in the birth rate in India and China, increase in women workforce in Japan, and diversification of business by online distribution channels in the region.
Competition Assessment: Global Baby Drinks Market
Some of the players in the global baby drinks market include:
Nestlι S.A (Switzerland)
Abbot Nutrition (U.S.)
Arla Foods (Denmark))
Kraft Foods Inc. (U.S.)
Beingmate Group Co. Ltd (China)
Mead Johnson Nutrition Company, LLC (U.S.)
Danone (France)
Danalac (Switzerland)
HiPP GmbH & Co. (Germany)
Campbell Soup Company (U.S.)
Notable Market Developments: Global Baby Drinks Market
In April 2018, Mead Johnson launched Enfamil NeuroPro in U.S. that delivers milk fat globule membrane (MFGM) helps to support cognitive development in babies
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