Market Research Reports Search Engine (MRRSE) has recently announced the inclusion of a new research report to its product offering. The research report is titled “Organic Baby Food Market: BRIC Industry Analysis and Opportunity Assessment 2015 - 2025” and is a publication of Future Market Insights (FMI).
According to the research report, in 2014, the BRIC organic baby food market stood at US$1239.1 million and is estimated to touch US$3528.7 million by the end of 2020, growing significantly at 19.5 % CAGR between the years 2015 and 2015.
Rising parental concerns for the fulfillment of all necessary nutrition for their babies and recommendation of these baby food products from doctors are boosting the baby food market in BRIC. Moreover, companies are using modern techniques such as online marketing to expand their business.
As per product type, the BRIC organic baby food market includes prepared baby food, dried baby food, milk formula, ready-to-feed baby food, and others. The milk formula segment is anticipated to lead the market in terms of revenue and will be followed by prepared organic baby food. In 2014, the organic milk formula market in BRIC stood at US$372.0 million and is estimated to grow at a 20.3% CAGR in the forecast period.
The BRIC organic baby food market has been segmented on the basis of distribution channels such as online selling, supermarkets, specialty outlets, pharmacies or drugstores, and others. Sale of organic baby food products through supermarkets is anticipated to exhibit a double-digit growth and develop to be the largest distribution segment of this market in the forecast period. Online retail is expected to be the second largest distribution segment of this market.
For geographical analysis, the organic baby food market has been segmented into the four BRIC nations (Brazil, Russia, India, and China). Among all the four counties, China is anticipated to dominate this market in terms of revenue, which will be followed by India. In 2014, China stood at US$679.4 million and is estimated to exhibit a progressive 21.2% CAGR through the forecast period.
Furthermore, the research report talks about the competitive analysis of the BRIC organic baby food market. The report provides in-depth analysis of the key companies along with the key information, business overview, business strategies, and recent development in the industry.
The leading players in the BRIC organic baby food market have been providing a wide range of nutritious organic baby food products over the years. Some prominent players operating in this market are Otsuka Holdings Co., Groupe Danone, H.J. Heinz Company, British Biologicals, Bellamy’s Australia Limited, Abbott Laboratories, Campbell Soup Company, and Nestle S.A.