Baby Food Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Baby Food Market grew at a CAGR of 5.9% between 2017-2021 and is estimated to be US$ 89,678.5 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.4% and is expected to reach a valuation of US$ 1,51,738.0 Mn by 2032 end.
The expansion of this industry is attributed to improved awareness of cutting-edge food products, organized retail marketing efforts, an increase in working moms, a decline in newborn mortality, and a rise in parental concerns. Parents were more concerned about the health of their infants during the pandemic, and even though there were lockdowns in many countries, this industry continued to develop.
Parents worldwide are spending on these food goods to provide their infants with organic and healthier supplements and food products. Baby food is a soft, quickly digested meal designed with human infants between the ages of four and six months and up to two years in mind.
ChemView Consulting has analyzed that organic baby food is needed as the number of women working has increased over the past few years. These handy foods are in high demand, causing the market to expand. Modern households increasingly use these nutrient-rich, quick-to-prepare packaged baby foods due to a lack of time for household management. This economic sector is anticipated to grow as it helps women balance their work and personal lives while they tend to household duties. Any woman’s top priority is her children’s nutritional needs.
The market is anticipated to expand over the projected period due to the rising newborn population and the growing popularity of organic baby food. Depending on the baby’s needs, the baby’s food is typically packaged in several formats, such as powder, liquid, or paste. Baby food is widely used since it promotes a healthy brain, neurological system, and muscular development and raises public knowledge of its advantages.
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Segments Covered in Report
By Category:
- Organic
- Conventional
By Type:
- Milk Formula
- Dried Baby Food
- Ready-to-Feed Baby Food
- Other Types
By Distribution Channel:
- Drugstores/ Pharmacies
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Channels
- Other Distribution Channels
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Baby Food Market
- Based on the distribution channel, the online distribution channel is also anticipated to expand during the anticipated period. Throughout the forecast period, the CAGR for the online distribution channel is predicted to be 13.5%.
- Based on the category, through 2032, the organic baby food industry is expected to develop at a CAGR of more than 6.6%, with a 17.1% market share in 2021. More and more parents are choosing organic baby food, encouraging the segment’s growth.
- Based on the region, North America is anticipated to hold a market share of 28.1% during the forecast period. North America has a modest market share for baby food because of high median household incomes and a rising female labor force.
Competition Summary
Key companies covered in the market study are Danone SA, Ausnutria Dairy Corporation Ltd, Reckitt Benckiser Group PLC, Abbott Laboratories, Nestlé SA, Feihe International Inc, Shijiazhuang Junlebao Dairy Co. Ltd, Yili Group, Royal Friesland Campina NV, The Kraft Heinz Company
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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