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According to the latest report by IMARC Group, titled “Organic Baby Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global organic baby food market size was nearly US$ 6 Billion in 2018. Organic baby food is produced and processed without the use of antibiotics, pesticides, growth hormones and other chemical additives. It is manufactured under strict standards and undergoes various inspections before gaining the organic label. As the initial years of infants and babies play a pivotal role in their overall growth, parents worldwide are shifting from conventional baby food products toward the organic variants.
Market Trends:
Although organic baby food is relatively expensive, the growing sales of these products can be attributed to increasing disposable incomes and improved distribution channels around the world. The demand for organic baby food is also rising as they help in limiting the exposure to the harmful chemicals used in conventional food production. Apart from this, the global food industry is currently experiencing a rise in the sales of organic as well as functional food products which, in turn, is strengthening the growth of the organic baby food market. Further, on account of their health benefits, governments in several regions are undertaking initiatives to encourage the production of organic food products. Looking forward, the market value is projected to reach US$ 11 Billion by 2024, expanding at a CAGR of 10% during 2019-2024.
Market Summary:
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