Thursday, February 04, 2021 11:18:57 AM
Consumer Health Trends are Fueling an Infant Nutrition Surge
February 04 2021 - 08:45AM
PR Newswire (US)
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NEW YORK, Feb. 4, 2021 /PRNewswire/ -- The global infant nutrition market is projected to grow at a CAGR of 7.7 percent to reach an incredible $61.6 billion by 2026. One of the major demographic factors contributing to this rapid growth is a fast growing population of young working mothers around the world relying on the convenience of infant nutrition formulas. According to the Journal of Taibah University Medical Sciences, many young mothers participating in the workforce lack the time for frequent and lengthy breastfeeding, creating intense demand for nutritious formula alternatives. Furthermore, markets in developed countries have seen an increased focus on health in recent years. These factors are contributing to huge opportunities for companies in the infant nutrition space, such as Else Nutrition (TSXV:BABY) (OTCQX:BABYF), Kraft Heinz Co (NASDAQ:KHC), Abbott Laboratories (NYSE:ABT), Danone (OTCQX:DANOY) and Walmart Inc (NYSE:WMT).
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