Till the end of the 19th century, breast milk, supplemented by home-made food, used to be the major diet for babies. The world then, not yet engulfed by industrialization, was generous enough to give ample time to the parents to prepare home-made food for them. But the clock of time has tickled fast and the industrialization and globalization became the most important buzzwords. As a consequence, the growth of disposable income came at the cost of shortage of availability of quality time to be spent at home with the babies. This trend caught up in the developed countries initially but was rapid enough to engulf the entire world in the later half of the 20th century. A double digit growth rate forecasted for the next five years has been the major characteristics for the market. The developing countries with large population base and high economic growth, particularly the BRIC nations have been the major highlights in this growing trend. New products with higher nutritious value and better taste have been made available in the market which have been successful in drawing the attention of the parents and appealing the taste-buds of the babies. But the market, being a high growth and high volume one, has attracted a huge number of companies. As a result, the competition has been intense in the recent times among the players. New product innovation and offering a number of value added services had been some of the pathways the companies have adopted to be in the competition and gain market share.
We as a global market research and consulting company, have prepared an extensive report on the global baby food market which highlights the major opportunities and high growth areas. It also has a detailed competitive analysis which would help the companies know the key developments of their competitors.
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Till the end of the 19th century, breast milk, supplemented by home-made food, used to be the major diet for babies. The world then, not yet engulfed by industrialization, was generous enough to give ample time to the parents to prepare home-made foo
....see more