USD 2.97 billion
Report ID: SQMIG30I2296 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 66 | Figures: 78
Baby Food Market size was valued at USD 2.97 billion in 2021 and is poised to grow from USD 3.15 billion in 2022 to USD 4.94 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).
Baby food is easily ingested soft food designed primarily for newborns and toddlers, usually between the ages of six months and two years. Baby food comes in a wide range of flavours, preparations, and shapes. It might be mashed table food or anything that is easily accessible and bought from producers. Due to an increase in working women and parents' worries about nutrition, the global market for infant food has been expanding quickly. Professionally prepared baby food has aided busy women in time management. Professionally manufactured baby food that satisfies a baby's nutritional needs can cure nonlactation issues that could cause undernutrition in the child.
In this market, developing nations have seen rapid expansion. The demand for baby food has increased as a result of modern lifestyles and rising disposable income. A significant possibility for the players may be the growing urbanisation of the world. It is anticipated that new product development would draw in more customers. Infant milk intolerance and declining birth rates could be major obstacles for the infant food industry.
Rising organised retail marketing activities and urbanisation rates are driving the infant food market.
Additionally, there is a greater demand for baby food as a result of declining infant mortality rates, an increase in the proportion of working mothers, 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 market for organic infant food is expanding as more parents become aware of the harmful effects of synthetic ingredients.
The widespread use of baby food, which promotes the growth of the brain, muscles, and neurological system among other things, as well as the increased consumer awareness of the product's many benefits, are two additional factors driving the market.
As a result of the increasing number of developing parental worries about nutrition and modern time constraints, industry-processed baby food is becoming more and more crucial in providing the nutritional needs of newborns and toddlers around the world.
Recent changes in the baby food market are a result of both parents' lifestyles and their growing interest in food, particularly organics. For kids between the ages of six months and two years, parents' kitchen cabinets are packed with carefully made foods that come in a variety of liquid and solid flavours.
US Baby Food Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.97 billion
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The Global Baby Food Market is segmented based on Type, Distribution Channel, and Region. Based on the Product Type, the Global Baby Food Market is segmented as Milk Formula, Dried Baby Food, Ready-to-Feed Baby Food and Other. Based on the Distribution Channel , the Global Baby Food Market is segmented as Drugstores/ Pharmacies, Supermarkets/Hypermarkets, Convenience Stores, Online Channels, Other Distribution Channels. Based on Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Baby Food Market Analysis by Product Type
In 2021, the Milk Formulations segment dominated the Global Baby Food Market, accounting for approximately half of total market revenue. The working mothers choose packaged food for their children because it saves them time and allows them to maintain a work-life balance while also caring for domestic responsibilities.
Baby Food Market Analysis by Distribution Channel
In 2021, Supermarkets/Hypermarkets dominated the Baby Food Market. Supermarkets are becoming increasingly popular due to the availability of a diverse range of consumer goods under a single roof, ample parking space, and convenient operating hours. Also, supermarkets provide a variety of products and brands in a specific category, giving consumers more options for their baby. Furthermore, some supermarkets also have company representatives to assist customers in selecting baby food products.
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The Asia-Pacific region accounts for a sizable Baby Food Market share in the infant food industry, and it is the world's largest and fastest-growing market. The growing population, busy lifestyles, and increasing consumer spending are projected to make it more dynamic in the future years. Furthermore, countries such as Indonesia, China, and India are expected to drive region’s market growth. The growing penetration of modern retail and product awareness, combined with rising disposable incomes and increasing purchasing power, are influencing the growth of the region's baby food market.
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Baby Food Market Driver
Baby Food Market Restraint
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The Baby Food Market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.
Baby Food Market Top Player's Company Profiles
Baby Food Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Baby Food Market Analysis, the growing working population seeking healthy diet options for their infants, as well as the widespread availability of the food in paste forms, liquid and powder, are driving the market growth. Furthermore, rapid urbanization, an increase in organized retail marketing, and malnutrition incidences all benefit the baby food market. Furthermore, the rising demand for organic baby food and the growing popularity of enriched baby food products provide profitable opportunities for market participants during the forecast period.
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|Market size value in 2021
|USD 2.97 billion
|Market size value in Food
|USD 4.94 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Baby Food Market Recent Developments
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Baby Food Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Baby Food Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Baby Food Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Baby Food Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
The Baby Food Market is expected to grow annually by 6.02%(CAGR 2023-2027).
On the basis of product the Baby Food Market is segmented into Baby Food Cereals, Baby Food Snacks, Baby Food Soup and Milk Formula, Frozen Baby Food.
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