The southern and northern regions are expected to be the leading revenue generator due to well-established presence of most of the major baby food companies in these regions.
The report reveals that the milk-based baby food segment is expected to continue its domination of the Indian baby food market over the next five years, as it’s considered to be the most convenient alternative to mother’s milk.
Major players operating in the country’s baby food market include:
nna Foods.
“A growing trend of mergers and acquisitions has been witnessed in the Indian baby food industry over the last few years,” said research director Karan Chechi. “The competition in this segment is intensifying as the majority of the major players are focusing on inorganic growth strategies. Nestlé’s acquisitions of Gerber Foods and Pfizer Nutritionare are among some of the prime examples leading to increasing market consolidation.
“Nestlé is an undisputed market leader in India’s baby food market. However, other existing players and new entrants are expected to capture a [piece] of Nestlé’s share during the next five years.”
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