DUBLIN, November 8, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Baby Food and Formula Market in the US 2016-2020" report to their offering.
The baby food and formula market in the US to grow at a CAGR of 2.71% during the period 2016-2020. The report covers the present scenario and the growth prospects of the baby food and formula market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of baby and toddler food and formula in terms of revenue and volume. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Infant formula is either a partial or a complete replacement for breast milk for infants aged under one year. It is available in concentrated liquid, powder, or ready-to-use formats. It is provided to meet nutritional needs and encourage the healthy physical and mental development of infants. Baby food products are provided to children up to four years of age. These are easy to prepare, soft, and have the right nutrient balance for the healthy overall development of babies. One of latest trends in the market is increasing use of organic baby foods. Organic food is considered safe for babies because it comprises ingredients that are grown without the use of chemicals or pesticides. Companies introduce organic baby foods to differentiate their products from other mainstream products. The US was the largest market for organic baby food and formula products in 2013. Companies with organic offerings in their portfolio, such as Plum Organics, have gained a significant share in the baby food and formula market in the US in recent years. The increased demand for organic baby foods is expected to fuel market growth during the forecast period.