The market is expected to generate an incremental $ opportunity of US$ 62,059.5 Mn between 2022 and 2032
Category: Food & Beverages Published Date : October 2022 ID: CVC-00373 Format: PDF Pages: 300
Baby Food Market Size Analysis
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.
Rising organized retail marketing activities and urbanization rates drive the infant food market. Additionally, there is a greater demand for baby food due to declining infant mortality rates, increased working women’s proportion, and consumer awareness of innovative baby food products worldwide.
As parents’ concerns about their children’s health grow, the baby food market is expected to grow. The demand for organic baby food is expanding as more parents become aware of the harmful effects of synthetic additives.
THE DEMAND FOR THE ORGANIC BABY FOOD IS INCREASING AS THE NUMBER OF WOMEN WORKING HAS INCREASED IN THE RECENT YEARS
As the number of women working has increased over the past few years, organic baby food is needed. 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 preference for manufactured infant meals among working moms is fueling the growth of this sector. The market will expand as food producers increase their spending on more affordable, high-quality organic food ingredients.
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.
Market Segments Covered in Report
By Distribution Channel:
By Region and Country:
Why are Online Channels expected to grow in the forecast period?
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%.
Does Organic Food have high preference than other segments?
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.
For instance, in April 2020, Gerber unveiled their “Plant-tastic” line of plant-based baby food. The offering includes a selection of plant-based organic toddler meals. The products are derived from grains, vegetables, and beans and offer a better supply of plant protein.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The global baby food market has several small, medium-sized, and international players. To increase their market share, baby food producers use a variety of key growth strategies, including mergers and acquisitions, investments and expansions, partnerships and agreements, new product launches, and joint ventures.
As a result of the presence of significant regional and domestic businesses in numerous countries, the baby food market is competitive. With new technologies and revenue-generating techniques, new investors are drawn to the baby food market by product innovation.
Some of the key developments that have taken place in the Baby Food Market include the following:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Category, Type, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|