(PharmaNewsWire.Com, June 27, 2017 ) The Latin America infant nutrition market consists of different sets of products from different infant formulas to an array of foods for babies. The market for Infant Nutrition in Latin America is nearly USD 6.02 billion and is expected to grow at a CAGR of 7.53% in 2016-2021.
Natural nourishment is one of the quickest developing divisions in the food business generally, encountering twofold digit development in most created markets and a 1-2% development rate for customary nourishment products. Meeting strict quality requirements is also important in the Baby Food Market, the most important trends in this market segment focus on benefits more than risk mitigation. Three key trends currently dominate the infant Food Market: innovative package design, organic options and products that provide specific health benefits focused on children’s physical and cognitive development.
Infant Nutrition Market is segmented by product type and Distribution channel and region. Basis on the product type, the market can be segmented as follow-on milk formula, Starting milk formula, special milk formula and Toddlers milk formula. Based on Distribution channel, market is segmented as speciality outlets, online, supermarkets, chemist/pharmacist/Drugstore and others. By region, Market can be segmented as North America, Latin America, Asia-Pacific, Europe and Middle East and Africa.
Major players in this market Nestlé S.A., Abbott Nutrition, Groupe Danone, Mead Johnson Nutrition, Meiji Holdings Co. Ltd, The Kraft Heinz Company, Beingmate Baby & Child Food Co. Ltd Pfizer Inc. and ., Synutra International, Inc.,FrieslandCampina
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