Drinks for young children includes infant formula, cows milk, fruit juice, water and squash, plus choosing a cup or beaker. It is easily available in hypermarkets & supermarkets, specialty stores, online retail. Moreover, increasing number of middle class households as a result of population growth can afford baby drinks is boosting market growth.
MARKET SCOPE
The "Global Baby Drinks Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the baby drinks market with detailed market segmentation by product, distribution channel, and geography. The report provides key statistics on the market status of the leading baby drinks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global baby drinks market is segmented into fruit and vegetable juices, dairy beverages, and others.
- Based on distribution channel, the global baby drinks market is segmented into hypermarkets & supermarkets, specialty stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Increasing number of working mothers across the world.
- Rising adoption of baby drinks in multiple countries.
- Changes in lifestyle, rise in middle class population, and growth in disposable income.
Restraints:
- Concerns related to food safety and decline in global birth rate.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The baby drinks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the baby drinks market in these regions.
IMPACT OF COVID-19 ON BABY DRINKS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the baby drinks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from baby drinks market are anticipated to lucrative growth opportunities in the future with the rising demand for baby drinks in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the baby drinks market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott Laboratories
- Arla Foods Ltd
- Dana Dairy Group Ltd
- Danone
- FrieslandCampina Food Company
- Hipp GmbH & Co Vertrieb KG
- Mead Johnson & Company LLC.
- Meiji Holdings Co. Ltd
- Nestle
- The Kraft Heinz Company