Market Research Report
LATIN AMERICA BABY FOOD & INFANT FORMULA MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||551035|
|Published||Content info||72 Pages
Delivery time: 1-2 business days
|LATIN AMERICA BABY FOOD & INFANT FORMULA MARKET FORECAST 2018-2026|
|Published: February 25, 2018||Content info: 72 Pages||
Latin America Baby Food & Infant Formula Market was valued $3.87 billion in 2017. It is likely to reach $7.05 billion by 2026, with an estimated CAGR of 6.76% for the forecast period of 2018-2026.
The fertility rates in the Latin American region are declining. But, as families are having fewer babies, they are able to afford, and are thus opting for, quality baby Foods. Brazil and Mexico are expected to show a significant growth during the forecast period. Moreover, Brazil's market is anticipated to be the fastest growing market. Rest of Latin America, which includes countries, such as Argentina, Peru, Chile, Venezuela and others, is also growing at a considerable rate. Increasing demand from consumers, new product launches and innovative promotional-marketing activities by the international as well as domestic players, are nudging the market ahead.
Baby Gourmet Foods Inc, Perrigo Company Plc, Nestle Sa, Abbott Nutrition, Mead Johnson Nutrition Company, Morinaga Milk Industry Co Ltd, Hipp The Kraft Heinz Company, Danone Sa, Beech-Nut Nutrition Corporation, Hero Ag, Gerber Products Company, Beingmate Group Co Ltd and Plum, PBC (Plum Organics) are few of the well known companies in the baby food and infant formula market.