New York, NY, May 09, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Baby Drinks Market by Type (Infant Formula and Baby Juice), and By Distribution Channel (Hypermarkets/Supermarket, Pharmacy/ Medical Stores, Specialty Stores and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2023”. According to the report, global baby drinks market was valued at approximately USD 22.64 billion in 2017 and is expected to generate revenue of around USD 42.35 billion by the end of 2023, growing at a CAGR of around 11% between 2017 and 2023.
Baby drinks consist of milk and juices which are beneficial for the overall growth of the infants. Milk is generally in a dried powder form which is either made from soy milk or cow milk. This milk generally contains all the nutrients and vitamins which are present in the natural breast milk. Juices are generally fruit juices which are either available in a concentrated form or which can be feed directly (ready to drink). The demand for baby drinks market is increasing due to the increase in the working women population and awareness about the baby drinks created by the manufacturers.
Browse through 37 Tables & 17 Figures spread over 110 Pages and in-depth TOC on "Global Baby Drinks Market: Industry Size, Share, Key Segments, Growth Analysis and Forecast, 2017 - 2023”.
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The baby drinks market is segmented on the basis of type, distribution channel, and region. Based on the type, the market is segmented into infant formula, baby juice, and baby electrolyte. Infant formula is divided into infant milk, growing up milk and others. Baby juice segment is further sub-segmented into concentrated and ready to drink. The infant formula is expected to dominate the global baby drinks market as it is iron rich and also is based on a probiotic formula.
On the basis of the distribution channel, the market is divided into hypermarkets/supermarkets, pharmacy/medical store, specialty store, and others. Hypermarket/supermarket segment is expected to dominate the global baby drinks market in the forecast period.
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North America is expected to show a steady growth rate in baby drinks market. As the growth in birth rate in this region in low the demand for baby drinks is also expected to be steady in the forecast period. However U.S. is expected to show higher growth for the baby drinks market in this region.
Europe is expected to show significant growth in the years to come due to the increasing acceptance of formula milk as a substitute to breast milk. Availability of a number of products, active marketing by baby drink manufacturers and the number of working women has led to the increase in demand for the market in this region.
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Asia Pacific is expected to lead the market during the forecast period. China, India and Vietnam are expected to lead since the market in these countries is driven by increasing population of working women. The high birth rate in China and India has also fueled the growth of the market in this region. Other driving factors for market growth are rise in amount of disposable income of consumers, increase in the adoption of easy nutrition and nourishment for babies and increase in the purchasing power of buyers has fueled the market in Asia Pacific.
Middle East and Africa and Latin America are expected to witness the significant growth in forecast period. Saudi Arabia is expected to show a significant growth in this region due to high birth rates.
Some of the key players in the global wine market include Mead Johnson Nutrition Company LLC., Nestle, Dano Food, Dana Dairy Group Ltd., Orhei-Vit, Freed Foods, Inc., Holle baby food GmbH, Nature's One, Inc., Organix Brands Limited, NANNYcare Ltd., Progress OAO, and Friesland Campina.
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This report segments the global baby drinks market as follows:
Global Baby Drinks Market: Type Segment Analysis
- Infant Formula
- Infant Milk
- Growing-up Milk
- Others
- Baby Juice
- Concentrated
- Ready to Drink
- Baby Electrolyte
Global Baby Drinks Market: Distribution Channel Segment Analysis
- Hypermarkets/Supermarkets
- Pharmacy/Medical Store
- Specialty Store
- Others
Global Baby Drinks Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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