The baby food industry is one of the fastest growing segments in the global food market. We forecast the global baby food and drink market will reach a value $55.05B in 2015. Once the fastest growing segment in the developed markets of North America and Europe, today, the industry is booming in Asia-Pacific, MEA and Latin America.
This has been significantly prompted by the growing number of women in labour force, increasing birth rates in emerging markets and high demand for prepared food. Visiongain predicts that organic and various "free-from" baby foods will also see significant growth within the same forecast period.
Learn more here…