Europe Baby Drinks Market to Reach US$20,402.9 Million till 2021

2024-12-24 12:54:14 Lifestyle

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Albany, New York ? In a recent market study offering by Transparency Market Research (TMR), titled ?Baby Drinks Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 ? 2021?, the Europe baby drinks market is expected to reach US$20,402.9 million in 2021. If the projections hold true, the market will expand at a CAGR of 3.5% from 2015 to 2021, increasing from its market valuation of US$15,930.9 million in 2014.

In Europe, increasing female workforce has resulted in higher demand for ready-to-eat convenience food, which is the primary factor driving demand for baby drinks. Country-wise, Sweden registered the fastest growth rate in demand for baby drinks, trailed by Italy and Germany.

Browse the full Europe Baby Drinks Market report at:http://www.transparencymarketresearch.com/europe-baby-drinks-market.html

Among the major two baby drinks, infant formula dominated the market over baby juice due to a combination of factors such as easy preparation, high nutritional content, and high acceptance for the product to complement breast milk. These factors collectively make infant formula the first choice for parents.

Thus, infant formula is anticipated to lead the baby drinks market in Europe for the forecast period, adds the report.

Moreover, high number of established distribution channels for infant formula supports the growth of the infant formula product segment of the overall market.

In the baby juice product segment, ready to drink juice is observed to have high demand due to its ease of use.

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In 2014, France dominated the baby drinks market and is likely to continue as the market leader during the forecast period. In France, high acceptance of infant formula as a suitable substitute for breast milk, busy lifestyle of parents, and government policies are driving demand for baby drinks.

The U.K. and Spain have contributed substantially to the growth of the Europe baby drinks market.

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