The North America Baby Food and Infant Formula market reached a value of US$ 11.4 Billion in 2018. 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. Looking forward, IMARC Group expects the market to reach a value of US$ 15.9 Billion by 2024, registering a CAGR of 5.7% during 2019-2024.
Key Questions Answered in This Report:
IMARC Group’s latest report provides a deep insight into the North America baby food and infant formula market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America baby food and infant formula market in any manner.
Report Customization: Although IMARC has tried to cover everything in the North America baby food and infant formula market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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