Europe Baby Drinks Market to Expand at 3.5% CAGR by 2021, Driven by Demand for Infant Formula
Market Research Reports Search Engine (MRRSE), announces the addition of a new research report, titled ‘ Baby Drinks Market – Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021’, to their repository. The report highlights the driving factors of the baby drinks market in Europe, segmenting the market by geography and product type. The findings of the report also highlight the market leaders during the forecast period.
The baby drinks market in Europe is expected to grow fast during the forecast period due to increase in acceptance of various baby drinks and infant drinks. The baby drinks market in Europe is segmented on the basis of product type and geography. By product type, the baby drinks market in Europe is segmented into baby juice and infant formula. Concentrated juice and ready-to-drink juice are the two sub-segments of the baby juice market. By product, the baby drinks market in Europe was dominated by the infant formula segment in 2014. Having a nutritional value equal to breast milk has allowed the infant formula segment to dominate the baby drinks market in Europe in 2014. The infant formula segment will continue its dominance during the forecast period. Well-managed distribution channels of infant formula will allow the segment to dominate further.
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By geography, the baby drinks market in Europe is divided into countries such as France, Sweden, the U.K., Spain, Italy, Germany, and Rest of Europe. France dominated the baby drinks market in 2014 with an 18.5% share, followed by U.K. with 16.3%. By revenue, the baby drinks market in Europe totaled US$15,930.9 million in 2014 and it is expected to be valued at US$20,402.9 million in 2021, with a 3.5% CAGR expected therein. The analysis of the report also highlights leading market players in the baby drinks market. Some of the leading players are HiPP GmbH & Co., Danone, Nestle S.A., Mead Johnson Nutrition Company, and H.J. Heinz
With the introduction of a variety of infant formula, the baby drinks market has a bigger scope of improvement in Europe during the forecast period. Increasing acceptance of several baby juice products and infant formula has further boosted the baby drinks market in Europe. The growth of the baby drinks market in Europe is predicted and estimated on the basis of different demand trends among people in different countries in Europe. Increase in the number of working mothers has also assisted the baby drinks market to develop fast in Europe. Increase in health-conscious parents and new product launches are some of the other key driving factors for the baby drinks market in Europe.