A recent report published by Infinium Global Research on baby drinks market provides in depth analysis of segments and sub-segments in global as well as regional baby drinks market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional baby drinks market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global baby drinks market. According to report the global baby drinks market is projected to grow at a CAGR of 9.7% over the forecast period of 2018-2024.
Baby drinks are nutritional drinks that is designed for toddlers. These baby drinks have DHA(Docosahexaenoic acid), a type of Omega 3 fat, an important building block of the brain, and has 26 nutrients including iron, calcium, vitamins C and D and a fiber blend that help support toddler’s balanced nutrition, healthy growth, and development. It is ideal for toddlers who are transitioning to table food and are over 12 months of age. It is a balanced nutrition diet supplemented for rapid growth during development years.
Growth in the disposable income among new parents is motivating them to provide branded nutritional baby drinks. These new parents are more concerned about the physical and mental growth of their child. The overall growth of a child is not possible through conventional food, which lack several nutrients. This conventional food lacks microelements, which are really helpful in the overall growth of the child. Hence, new parents with high disposable income are providing these products to their children. Working women, with ample disposable income, have a busy schedule to balance their office and home. Several times they are so busy that, they found very difficult to take care of their children in proper way. Hence, they use the baby drinks to nourish their children. These nutritional drink products supplement their children’s diet. Hence, the growth of disposable income is boosting the demand for a baby drink.
Among the geography, Asia-Pacific is the highest revenue contributor to the global market, owing to large population growth under the age group of 0-4 years. Increased female participation in labor force in countries, such as China, India, South Korea, and Indonesia, have fueled the growth of baby drinks market. Moreover, increase in disposable income, busy lifestyle, and rise in standard of living in these regions have boosted the market growth.
The report on global baby drinks market covers segments such as, product type, distribution channel and end users. On the basis of product type the global baby drinks market is categorized into solid drinks and liquid drinks. On the basis of distribution channel the global baby drinks market is categorized into hyper market, super markets, pharmacy/medical store, specialty stores, hard discounter store and others. On the basis of end users the global baby drinks market is categorized into less than 6 months, 6 months to 12 months, 12 months to 36 months and greater than 36 months.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global baby drinks market such as, NESTLE S.A., HEINZ AND HAIN CELESTIAL GROUP, MEAD JOHNSON NUTRITION COMPANY, LLC, DANONE, BEINGMATE GROUP CO. LTD., CAMPBELL SOUP, ABBOTT LABORATORIES, ARLA FOODS and D. SIGNSTORE.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global baby drinks market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of baby drinks market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the baby drinks market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the baby drinks market to understand the present and future trends in this market and formulate their strategies accordingly.
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