World population
reached 7 billion in October 2011 and since then we have added another half a
billion souls to this planet. World population has more than doubled from 3
billion in 1959 to over 6 billion in 1999 and average annual population change
is around 80 million. Which is to say that there are over 80 million babies
being born every year.
Advances in
technology, medicine, healthcare, transportation etc. have drastically reduced
infant mortality rates and also reduced fatalities from infections etc. that
infants are prone to. However, in spite of these advances, problems such as malnutrition
are still prevalent, especially in the least developed countries. UNICEF
estimated, in 2015, that around 5.9 million children under the age of five will
die that year, equivalent to 11 every minute. UNICEF goes on to predict that nearly
half of all deaths, around 3 million in total, in children under 5 are
attributable to malnutrition.
TechSci Research
report “Global Baby Food Market By
Product Type, By Point of Sale, By Age, By Region, Competition Forecast and
Opportunities, 2012 - 2022”, lists out various other issues such as increasing
population, growing urbanization, rising disposable income and changing
lifestyles which are promulgating the demand for baby foods across the world.
As per the
report, TechSci predicts that the market of global baby food market will rise
to $82 billion by 2022 due to the aforementioned global cues. The experts have
segregated baby food products into five separate categories: milk formula (cow
based milk, soya based milk, etc.), cereals (rice, veggie, oatmeal’s, wheat,
etc.), dried food (apple, carrot, peas, mango, etc.), snacks (puffs, cookies
& crackers, etc.) and others.
To request the sample report, please visit: https://www.techsciresearch.com/report/global-baby-food-market-by-product-type-milk-formula-dried-baby-food-etc-by-point-of-sale-grocery-retail-supermarket-hypermarket-etc-by-age-6-months-6-12-months-etc-by-region-competition-forecast-and-opportunities/931.html
As per the
report, Asia-Pacific region was the highest demand generator in this food
market, given the huge population, an emerging middle class, rising number of
working women, etc. Unfortunately, the African continent, which already has
among the highest rates for both child mortality and malnutrition, is one of
the smallest demand generators in the baby food market. While the situation may
change in the future, the lack of significant investment into healthcare, low
per capita GDP and a slower overall growth rate due to uncertainty in the oil
market and market for various metals, are some reasons why Africa may find it a
little hard to catch up.
However, with
advances in packaging technology and preservatives, it is easier to store and
save foods that are approved by medical associations and even come in different
flavours. With the penetration of packaged and nutritious baby food products,
it is hoped that the problems with infant malnutrition will start to decline at
a faster rate than it is currently.
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