Mexico baby food market is projected to grow at a CAGR of 5.31% during the forecast period. An increase in the demand for baby food such as milk formula is primarily driven by the burgeoning number of female population working outside the home that are replacing breast milk with milk formula due to short maternity leaves. This coupled with rising awareness among them towards providing food that has high nutritional content is further encouraging them to opt for baby food which is impacting the baby food demand positively.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Mexico Baby Food value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the Mexico Baby Food market.
Some of the key players include Nestle, Danone, Reckitt Benckiser Group plc, FrieslandCampina, and Holle baby food AG.
The Mexico baby food market has been analyzed through the following segments:
• By Product Type
o Dried Baby Food
o Milk Formulation
o Prepared Baby Food
• By Type
• By Distribution Channel