According to a market report by Lucintel, the future of the baby food market in the US looks promising with opportunities in the supermarkets/hypermarkets, convenience store, and e-retail markets. The major drivers for this market are rise in per capita income, improving consumer living standards, high birth rate, and increasing parental consciousness towards proper growth and nourishment of their children.
In this market, milk formula, dried baby food, prepared baby food, and others are the major product types. Milk formula is expected to remain the largest segment as it is a substitute for mother’s milk. Milk formula is consumed on a regular basis by children and it provides nutritional benefits and supports a child’s development.
E-retail is expected to witness the highest growth over the forecast period due to online discount offers, door step delivery, and availability of different types of products in a single place at affordable price.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the baby food market in the US by product type and distribution channel and has compiled a comprehensive research report titled “Growth Opportunities for the Baby Food Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the baby food market in the US by product type and distribution channel as follows:
By Product Type [$ Million Shipment Analysis from 2015 to 2026]:
Milk Formula
Dried Baby Food
Prepared Baby Food
Other
By Distribution Channel [$ Million Shipment Analysis from 2015 to 2026]:
Supermarkets/Hypermarkets
Convenience Store
Pharmacies
E-retailers
Others
This more than 50-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.