Baby Infant Formula Market to Reach $45.35, Globally, by 2025 at 9.5% CAGR, Says Allied Market Research - Seite 2

Minerals segment to grow at the fastest CAGR by 2025 

The minerals segment is estimated to manifest the fastest CAGR of 10.9% during the study period. However, the carbohydrate segment held the largest share in the market, contributing about 56% of the total market revenue, as they are the major energy source for an infant's growth and development. The other segments analyzed in the report include fat, protein, vitamins, and others.

Major distribution channels in the industry 

The report analyzes various distribution channels in the market, namely hypermarkets, supermarkets, specialty stores, hard discounter store, and others. The hypermarkets segment governed the market in 2017 in terms of revenue, contributing about one-third share of the total revenue. This is attributed to the fact that hypermarkets offer innovative value-added services such as customer loyalty programmers and happy hours on shopping deals. However, the pharmacy/medical store segment is estimated to portray the fastest CAGR of 10.6% during the forecast period, owing to unawareness about ingredients in infant formula and issues related to baby food safety.

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Asia-Pacific region to dominate the market 

In 2017, Asia-Pacific region held the largest share, contributing more than half of the market share, owing to rise in disposable income; increase in female participation in the labor force in China, Indonesia, Philippines and India; and high infant population in the region. However, the LAMEA region is expected to manifest the fastest CAGR of 11.4% during the study period, owing to higher health consciousness among Brazilian parents and increase in corporate advertising campaigns promoting the importance of nutrition for infants. The other regions analyzed in the report are North America and Europe.

Torchbearers in the market 

The major players analyzed in the report, include Abbott Laboratories, Campbell Soups, Danone, HiPP GmbH & Co., Vertrieb KG, Nestle S.A., Arla Foods Amba, Dana Dairy Group Ltd, D-Signstore, Reckitt Benckiser (Mead Johnson & Company LLC), and The Hain Celestial Group.

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