Product ID: SQMIG30I2296
Global Baby Food Market Size, Share, Growth Analysis, By Product Type(Milk Formula, Dried Baby Food), By Distribution Channel(Drugstores/ Pharmacies, Supermarkets/Hypermarkets) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2296 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
78
Global Baby Food Market Insights
Baby Food Market size was valued at USD 2.97 billion in 2019 and is poised to grow from USD 3.15 billion in 2023 to USD 4.94 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
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 Baby Food Market Report Snapshots
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