Rising Infant Population To Boost The Growth Of The Baby Food Market
Baby food is the soft food, which can be consumed by the kids easily apart from the breastmilk or any of the infant formula which is particularly made for babies aged between four to six years till two years. The infant food is available in several varieties and flavors which are bought from the ready-made stores or any of the homemade smashed food for better breakdown and smooth digestion.
Key players operating in the global baby food market are Morinaga Milk Industry Co. Ltd., Kraft Heinz Company, Nestle S.A., Groupe Danone, Bristol-Myers Squibb, Abbott Laboratories, Hain Celestial Group, Hero Group, and Cargill Inc.
Rising infant population is anticipated to augment the growth of the global baby food market. For instance, as per the guardian.com, nearly 250 babies are born each minute, and above 130 million in every year globally and the count is projected to reach 11 billion by 2100. Furthermore, increase in retail shops and the supermarkets is anticipated to drive the growth of the global baby food market. As per Statista, Walmart has 10,902 retail stores and the Schwarz group has 12,500 stores globally as of 2020.
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