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According to the latest report by IMARC Group, titled"Baby Food and Infant Formula IngredientsMarket: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," theglobalbaby food and infant formula ingredientsmarketis expected to exhibit a CAGR of 3% during 2022-2027.Baby food and infant formula refers to food products specially produced for babies. Infant formula serves as a replacement for breast milk as it contains all essential nutrients, such as docosahexaenoic acid (DHA), lutein, lactose, purified whey, casein, and vitamin E. On the other hand, baby food items are a combination of soft, mashed fruits, vegetables, vegetable oil, meats, and cereals. These ingredients aid in increasing the immunity, improving digestion, promoting brain and eye development, and providing optimum nourishment to the baby.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Baby Food and Infant Formula Ingredients Market Trends:
Increasing parental concerns regarding the health and nutritional requirements of children represent the key factor driving the global baby food and infant formula ingredients market growth. The product demand is further being escalating by the rising number of working parents, which is led by rapid urbanization and increasing spending capacities, particularly in developing countries. Additionally, leading players are continuously investing in research and development (R&D) activities to develop innovative product variants with improved taste, such as lactose-free and soy-based formulas, which is positively influencing the market growth. Apart from this, the rising establishment of efficient online retail channels is catalyzing the market growth.
Market Summary:
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