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2019-06-18
250
India
Market Overview
In India there has been reluctance for adopting the packaged food especially for the babies but demand for baby food is experienced to be rising on the back of shift in the demographics of the economy with the rise in number of working women, increase parenting concerns, quality substitute to the homemade baby food, and moreover it acts as a nutritional supplement such as in the case of milk intolerance among the babies. The rising population of India with rapid urbanization and rising personal disposable income is largely driving the growth of the baby food market. Baby food producers has large growth opportunities as India in 2018 is ranked 100 in terms of ease of doing business, up by 4.71% from 2017 ranking. Further, the rising e-commerce industry in India is giving a push to the sales of baby food through online channels. Healthcare technologies advancement has led to the production of mothers’ milk substitute. As per the different organization survey, breastfeeding is considered to be the healthiest requirement especially among the babies between 0-6 months and milk formula is the apt substitute in case mother is unable to feed. Goldstein Research analyst forecast that the India baby food market is set to reach nearly USD 48.1 billion by 2024, growing at a CAGR of 6.3% over the forecast period (2017-2025).
By Product Type
Milk Formula Baby Food
On the basis of product type, cereals based baby food segment dominated the market with a share of nearly 35.1% and it is closely followed by the milk formula segment market that is expected to grow at a CAGR of 6.9% over the forecast period.
By Distribution Channel
The report covers the present ground scenario and the future growth prospects of the baby food market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the India region.
India Baby Food Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the India baby food market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “India Baby Food Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
Our India baby food market report comprises of the following companies as the key players: Nestle, Danone, Mead Johnson, Abbott laboratories, Hero-Group, Perrigo Company, Bellamy Organics, Hain Celestial Group, Campbell soups, Friesland Campina, H.J. Heinz, Bristol-Myers Squibb, Numico, Wyeth, East Asiatic co Ltd, Ella's Kitchen, Beech-Nut Nutrition Corporation , DMK Deutsches Milchkontor GmbH, DSM, Dumex, HiPP GmbH & Co., Koninklijke DSM N.V., Meiji Co Ltd, etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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