Global Baby Food and Infant Formula Market Overview 2017, Demand by Regions, Types and Analysis of Key Players

The global baby food and infant formula market has witnessed a positive growth over the past few years. Increasing health concerns and growing demand for organic baby foods are the major drivers for the market growth.

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The latest report by IMARC Group, titled “Baby Food and Infant Formula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global baby food and infant formula market reached a value of nearly US$ 48 Billion in 2016. Since babies lack teeth to chew effectively, mashed and minced fruits, vegetables, cereals, etc. are provided to complete the essential nutrients required by their body for further growth and development. Baby food refers to any soft food which can be easily consumed by babies under the age of 2 years, whereas, infant formula is made from processed food for infants as a replacement for breast milk.

Highlights of the global baby food and infant formula market:

  • Increasing expenditure on high-quality products by the parents remains the major growth factor for the market.
  • Milk formula is the most popular product type, accounting for the majority of the total market.
  • Asia Pacific represents the largest market for baby food and infant formula and holds the majority of the global share.

Rising health awareness among the parents about the development of the baby and rising instances of malnutrition are the major growth-inducing factors for the market. An increase in the number of working women and the growing need for portable nutritious food for their babies has further encouraged the market growth. Further, several mothers are unable to breastfeed their baby due to insufficient production of milk resulting from breast reduction surgery, having multiple kids or giving birth at a later age. This has facilitated the demand for baby food and infant formula. Moreover, organic baby foods have garnered much attention in recent years as they are free from pesticides and chemicals. Owing to this, parents are ready to spend more for the wellbeing of their baby, thereby increasing the demand for the products globally. According to the report, the market is expected to reach a value of around US$ 65 Billion by 2022, exhibiting a CAGR of more than 5% during 2017-2022.

The market is segregated on the basis of product type, wherein milk formula represents the largest type. Other major types include dried baby food and prepared baby food. The market is further segmented on the basis of distribution channels. Supermarkets and hypermarkets account for the majority of the market share, followed by pharmacies and convenience stores. Region-wise, Asia Pacific represents the leading market of baby food and infant formula. Asia Pacific is followed by North America, Europe, Latin America, and Middle East and Africa. On evaluating the competitive landscape of the market, it is found that the key players include Abbott Laboratories, Nestle, Danone, Mead Johnson and Kraft Heinz.

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The report by IMARC Group has examined the global baby food and infant formula market on the basis of:

Type:

  • Milk Formula
  • Dried Baby Food
  • Prepared Baby Food
  • Other Baby Food

Distribution Channel:

  • Supermarkets and Hypermarkets
  • Pharmacies
  • Convenience Stores
  • Others

Region:

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

Major manufacturers:

  • Abbott Nutrition
  • Nestle
  • Danone
  • Mead Johnson
  • Kraft Heinz

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Cheese Market Share, Size and Forecast 2017-2022

The applications of cheese in the culinary traditions around the world are increasing due to its growing popularity among the consumers. Owing to this, the global cheese market is expected to grow at a significant rate in the coming years.

The latest report by IMARC Group titled, “Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global cheese market has grown at a CAGR of 2.1% during 2009-2016, reaching a volume of around 19 Million Tons in 2016. Cheese is made chiefly from four basic ingredients namely, milk, salt, lactic acid bacteria and rennet. However, various combinations of herbs, spices, seasonings and blends are used to create different varieties of cheeses based on the cultural preferences. Some of the most popular cheese varieties available around the world include gouda, cheddar, mozzarella, asiago, feta, gorgonzola and American cheese. According to the report, the market is further expected to at a CAGR of 6.5% during 2017-2022, reaching a volume of around 26 Million Tons by 2022.

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Cheese Market In India.jpg

There are a number of factors which are currently driving the growth of the global cheese market. The increasing popularity of cheese among the consumers is the major factor, as a result of which cheese is being used in a number of culinary traditions. Apart from this, considering increasing health awareness among the consumers, cheese makers are introducing new varieties of cheese with enhanced taste and nutritional value. For instance, many varieties of cheeses are a rich source of calcium, high-quality protein, niacin, phosphorus and vitamins A and B12. Owing to this, cheese provides several health benefits including increased absorption of minerals from the digestive tract, strengthening of the skeletal system, prevention from cardiovascular diseases and facilitating a smooth functioning of the nervous system. Apart from this, as cheese is lactose-free it also proves beneficial for those who are lactose intolerant or allergic to milk products. Some of the other factors influencing the growth of the market are rising population, increased disposable incomes, product premiumisation, etc.

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The report has segmented the market on a regional basis. Some of the regions covered in the report include European Union, Latin America, Asia, Eastern Europe, North America and Oceania. Amongst these, the European Union represents the largest producer of cheese, accounting for almost half of the total global production. Apart from this, the report also provides a thorough analysis of the competitive landscape of the market. Some of the major players operating in the market are Lactalis Group, Fonterra, FrieslandCampina, Dairy Farmers of America, Arla Foods, Bongrain SA, Land O’Lakes, Hilmar Cheese Company and MolkereiAmmerland.

This report provides a detailed roadmap for setting up a cheese manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the essential aspects of the cheese industry. This ranges from a comprehensive view of the global cheese market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the cheese industry in any manner.

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Global Cocoa Processing Market Size, Share, Price Trends, Forcast 2017-2022

The global cocoa processing market witnessed a steady growth in recent years. The major factor which has contributed in influencing the growth is the diversified applications of cocoa in several industries such as food, cosmetics and skin care, and pharmaceuticals.

The latest report by IMARC Group titled, “Cocoa Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global cocoa processing market reached a volume of more than 4 Million Tons in 2016, growing at a CAGR of around 2% during 2009-2016. Cocoa processing is the process of converting the cocoa beans to obtain different products such as cocoa liquor, cocoa butter, cocoa cakes and cocoa powder. These cocoa beans are derived from the cocoa tree, or Theobroma cocoa, which are mostly found in the tropical regions. The four major types of cocoa which are used for cultivation include criollo, forastero, trinitario and nacional.

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Cocoa Processing.jpg

Highlights of the global cocoa processing market:

  • Due to its functional properties, cocoa is being used for various applications which has emerged as the biggest driving factor for the cocoa processing market.
  • Europe holds the largest share in the global cocoa processing market.
  • The market is expected to reach a volume of around 5 Million Tons by 2022.

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The market for cocoa processing is catalysed by the rising demand for processed cocoa products, particularly in the production of chocolate. Cocoa is widely used in chocolate milk, biscuits, ice cream, cakes, cocoa tea, etc. Apart from this, cocoa is also used in other industries in the manufacturing of cosmetic and skin care products such as face masks, moisturisers, lipsticks and soaps, and pharmaceutical products. In the pharmaceutical industry, cocoa is preferred as a result of its chemical properties – antioxidant, anti-inflammatory, anti-allergenic and anti-carcinogenic properties. These properties help in improving brain health, preventing the risk of cardiovascular diseases, lowering blood pressure, work as mood enhancer, and treat neurodegenerative disorders. Moreover, the presence of several essential elements such as iron, magnesium, calcium, phosphorous, copper, manganese, selenium, potassium, zinc, etc. assists in providing essential nutrients for a healthy body and smooth skin. Further, the market is expected to reach a volume of nearly 5 Million Tons by 2022.

The report has segmented the market on a regional basis with some of the major regions being Europe, Africa, North America, South America and Asia Pacific. Currently, Europe holds the largest processing capacity for cocoa beans, accounting for more than a third of the total global cocoa processing in the world. An evaluation of the competitive landscape is also provided along with the details of the major players operating in the market. Some of the key players are Barry Callebaut, Cargill, ADM, Blommer and Mondelez.

The report provides a comprehensive insight into the historical and current trends in the cocoa processing industry. This study serves as an exceptional tool to understand the market trends, regional markets, growth, key players, value chain, success and risk factors, manufacturing process, raw material requirements, machinery requirements, capital costs, operating costs, incomes, expenditures and profits in the cocoa processing industry. This study can serve as an excellent tool for cocoa cultivators, cocoa processers, consultants, researchers, marketing strategists, investors and all those who plan to foray into the cocoa market in any form.

The report has examined the global cocoa processing market on the basis of:

Key Regions:

  • Europe
  • Africa
  • North America
  • South America
  • Asia Pacific

Key Player:

  • Barry Callebaut
  • Cargill
  • ADM
  • Blommer
  • Mondelez

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Global Corn Glucose Market Share, Size , Price Trends and Forecast 2017-2022

Corn glucose is used in a wide range of food products, beverages, and tonics and syrups as a sweetener, thickener and a humectant which helps in providing enhanced taste, volume and texture. This has provided impetus to the global corn glucose market, as a result of which it is expected to reach a volume of nearly 4 Million Tons by 2022.

The latest report by IMARC Group titled, “Corn Glucose Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global corn glucose market reached a volume of around 3.5 Million Tons in 2016, representing a CAGR of 1.2% during 2009-2016. Corn glucose, also known as glucose syrup and confectioner’s glucose, is a type of food syrup made from the hydrolysis of starch. In the United States, corn is the primary source of the starch, therefore it is called ‘corn syrup’. However, it is also made from potatoes and wheat, and sometimes barley, rice and cassava as well. Corn glucose contains more than 90% glucose but syrups which are used in making confectionery products contain different amounts of glucose, maltose and higher oligosaccharides.

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Corn Glucose

Highlights of the global corn glucose market:

  • The market is driven by its uses in the medical, and food and beverage industry.
  • China represents the largest market for corn glucose.
  • The market is expected to reach a volume of around 4 Million Tons by 2022.

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The market for corn glucose is growing as a result of thriving food and beverage industry where corn glucose serves as an affordable and easily accessible ingredient. It is frequently used as a thickener, sweetener and humectant (an ingredient that retains moisture and helps in maintaining food’s freshness), particularly in commercially prepared foods and confectionery. As a result of these properties, it aids in enhancing the flavour and texture, prevents crystallization of sugar, and adds volume to the food products. Some of the food products which are made using corn syrup include dairy desserts, biscuits, pastries, cereals, ketchup, sauces, jams, tinned fruits, sorbets, beverages, etc. It is also used as a sweetener in tonics and syrups such as vitamin tonics and cough syrups. Owing to this, the market is expected to reach a volume of nearly 4 Million by 2022.

The market has been segmented on a regional basis including the United States, Europe, China and Asia-Pacific (excluding China). Amongst these, China represents the largest market for corn glucose, accounting for the majority of the global shares. An evaluation of the competitive landscape is also provided, along with the details of the major players operating in the market. Some of the key players are Global Sweeteners Holding Ltd., Roquette Freres, Cargill Inc., Ingredion Inc., Archer Daniels Midland, etc.

The report provides a comprehensive analysis for setting up a corn glucose manufacturing plant. The study covers all the requisite aspects of the corn glucose industry and provides an in-depth analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the corn glucose industry in any manner.

The report by IMARC Group has analysed the global corn glucose market on the basis of:

Key Regions:

  • China
  • United States
  • Europe
  • Asia-Pacific (Excluding China)

    Key Player:

  • Global Sweeteners Holding Ltd.
  • Roquette Freres.
  • Cargill Inc.
  • Ingredion Inc.
  • Archer Daniels Midland

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Global Castor Oil Market Share, Size , Price Trends and Forecast 2017-2022

As a result of its lubricating qualities, castor oil is used either in crude or refined hydrogenated form in a number of industries such as food, cosmetic and electronic & telecommunications. Some of its applications are in the manufacturing of products such as adhesives, brake fluids, paints, pigments, electrical liquids, dielectrics, etc.

A latest report by IMARC Group titled, “Castor Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global castor oil market has reached a volume of around 1,800 Thousand Tons in 2016, growing at a CAGR of 4% during 2009-2016. Castor oil is extracted from the seeds of the castor plant. It originated in the tropical belt of India and Africa and is mostly cultivated in arid and semi-arid regions. In the past five years, the market has witnessed a reduction in the production levels of castor seeds as a result of decline in the sowing area. However, due to delayed monsoon in India after 2013, farmers were driven towards growing castor crops as these require less water during plantation. Consequently, the production of castor oil has accelerated from the year 2013 onwards. According to the report, the market for castor oil is expected to grow at a CAGR of 4.5% during 2017-2022, reaching a volume of more than 2,200 Thousand Tons by 2022.

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Castor Oil Market

The report offers a detailed segmentation of the castor oil market based on its applications. It serves as an important component in innumerable industries such as pharmaceuticals, food, cosmetic and the electronics & telecommunications industry. In the food and cosmetic industry, it is used as an additive for flavouring and in manufacturing lipsticks, respectively. In the electronics and telecommunication industry, castor oil is used in the production of polymers as well as the manufacturing of equipment which are used for national security. Furthermore, it is also used in the manufacturing of a number of products which include adhesives, brake fluids, caulks, dyes, machining oils, paints, pigments, electrical liquids, dielectrics, lubricating greases, polyurethane refrigeration lubricants, rubber sealants, textiles, washing powders, waxes, etc.

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The report has segmented the market on a regional basis. The regions covered in the report include India, Brazil and China. Currently, India represents the largest producer of castor oil at the global level. India is followed by China and Brazil. In terms of consumption, China is the largest consumer of castor oil, followed by Europe, India and the United States. The report has also provided a thorough analysis of the competitive landscape along with the details of the major players operating in the market. Some of the players given in the report are Adani Wilmer, Gokul Overseas, Kandla Agro & Chemicals and Jayant Agro. Amongst these, the majority of the market share is held by Adani Wilmer.

The report provides a detailed roadmap for setting up a castor oil manufacturing plant. The study, done by one of the world’s leading research and advisory firms, covers all the prerequisites of the castor oil market and provides an in-depth analysis of the market, industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. It also offers SWOT, Value Chain and Porter’s Five Forces analysis and regional segmentation followed by an analysis of the competitive landscape. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the castor oil market in any manner.

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Global Pasta Market Share, Size, Prize, Growth and Forecast 2017-2022

The global pasta market has witnessed a moderate growth over the past few years. Some of the major driving factors include hectic lifestyles, changing tastes and preferences of consumers, product innovations and aggressive marketing by manufacturers.

IMARC Group’s latest report, titled “Pasta Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global pasta market reached a value of more than US$ 11 Billion in 2016, growing at a CAGR of nearly 4% during 2009-2016. Originating in Italy, pasta today represents a highly popular food product across the world. The composition of pasta may vary from country to country depending upon the regional tastes and preferences. It is generally made from unleavened dough which is prepared with wheat durum flour, water and other ingredients such as eggs, rice and spices. Pasta can be served in soups or stews; mixed with sauces, vegetables, meat and garnished with seasonings; baked or fried, or served cold.
Pasta is available in a number of different forms with the most popular being spaghetti, penne and fusilli

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Pasta Market

Highlights of the Global Pasta Market:

  • Hectic lifestyles along with the influence of western culinary traditions remain the primary growth driving factors.
  • On the basis of type, dried pasta accounts for the majority of the market share.
  • Europe holds the majority of the global share, representing the largest market.

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Owing to hectic lifestyles, a global shift has been witnessed towards the consumption of convenient foods like pasta. The changing tastes and preferences of the consumers on account of western influence and urbanisation in the developing regions have been contributing to the market growth. Further, product innovations such as introduction of vegan pasta, organic pasta and gluten-free pasta have been able to attract a larger consumer-base. Manufacturers have also been promoting pasta with added nutrients and natural additives to appeal to the health-conscious consumers. According to the report, the market is further expected to reach a value of more than US$ 14 Billion by 2022.

The market has been segmented on the basis of product type. Currently, dried pasta accounts for the majority of the global market share. On the basis of distribution channels, supermarkets dominate the market. Other major distribution channels include hypermarkets, discounters and independent small retailers. Region-wise, Europe represents the leading market, accounting for nearly a half of the total global share. Some of the other major markets include America, Asia, Africa and Middle East. Some of the key players operating in the market are Barilla Holding, Grupo Ebro Puleva, Nestle, DeCecco and Makfa.

The report has examined the global pasta market on the basis of:

Product Type:

  • Dried pasta
  • Chilled/fresh pasta
  • Canned/preserved pasta

Distribution Channels:

  • Supermarkets
  • Hypermarkets
  • Discounters
  • Independent small retailers

Region:

  • Europe
  • America
  • Asia
  • Africa
  • Middle East

Major Manufacturers:

  • Barilla Holding
  • Grupo Ebro Puleva
  • Nestle
  • DeCecco
  • Makfa

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Ghee Market in India Share, Size and Forecast 2017-2022

The ghee market in India has witnessed a strong growth in recent years. Some of the factors which have contributed in influencing the market growth are increasing disposable incomes, expanding distribution channels and introduction of organic ghee.

The latest report by IMARC Group titled,“Ghee Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2021”, critically examines the Indian ghee market. Ghee refers to clarified butter, obtained by simmering the butter and retaining the liquid fat after the solid residues have settled. Its colour, texture and taste depend upon the quality of milk used in churning the butter. Ghee represents a healthier substitute of butter and vegetable cooking oils as it is a rich source of vitamin K2, A, D and E. In addition, it also provides numerous health benefits such as reducing inflammation, improving gall bladder function and digestion, and strengthening nervous system. Owing to its benefits, ghee is widely used for culinary, religious and medicinal purposes in India. According to the report, the ghee market in India reached a value of around INR 1519 Billion in 2016, exhibiting a CAGR of nearly11% during 2010-2016.

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ghee market

Highlights of the ghee market in India:

  • The market is driven primarily by expanding distribution channels in the country.
  • Uttar Pradesh represents the largest market, accounting for the majority of the share.
  • The market is expected to reach a value of nearly INR 3015 Billion by 2021.

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The strong growth of the Indian ghee market can be attributed to numerous factors. One of the major driving factors is the fact that the majority of the Indian population is engaged in agricultural practices which involve a lot of physical labour. Thus, ghee is considered as a vital source of energy and nutrition in an Indian household. Apart from this, growing health-consciousness among the consumers has prompted manufacturers to come up with organic ghee, which in turn, has added to the overall demand. Some of the other driving factors include population growth, rising disposable incomes and expanding distribution channels in the country. The market is further expected to reach a value of more than INR 3014 Billion by 2021, growing at a CAGR of nearly 15% during 2017-2021.

The report provides a thorough evaluation of the market across fifteen major states of India along with analysis of the current and historical value and volume trends. The market is segmented on the basis of region. Currently, Uttar Pradesh represents the largest market, accounting for nearly XX% of the total share, followed by Rajasthan and Madhya Pradesh. Apart from this, an analysis of the competitive landscape provides the details of the key players operative in the market. Some of them are GCMMF, KMF, Mother Dairy, Sri Vijaya Visakha Milk Producers and Heritage.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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