Clean Processing of Ingredients and Increasing Demand for Organic Food Products to Augment Growth of Organic Baby Food Market
Clean processing of ingredients is expected to propel growth of the organic baby food market. For instance, in February 2021, Else Nutrition Holdings Inc. reported development of a proprietary process to further ensure the safety of its infant formula. Moreover, increasing demand for organic food products is also expected to aid in growth of the market. For instance, according to 2019 Organic Industry Survey by the Organic Trade Association, Organic food sales in the U.S. increased 5.9% in 2018 to reach US$ 47.9 billion and organic food sales made up 5.7% of overall food sales, which rose 2.3% in 2018. Expansion in emerging economies is expected to offer lucrative growth opportunities for players in the organic baby food market . This can be attributed to increase in rate of hospital delivery in rural areas. For instance, according to the National Health Commission, China's rate of hospital delivery remained over 99% in recent six years, and the percentage in rural areas has se...