Baby Food Market is forecasted to grow at high rate due to growing awareness regarding availability of baby food products, increase in working women population, rise in disposable income and growing government funding and imitative for baby food and nutrition for infants.
The global baby food market size was valued at US$ 71.2 Bn in 2020 is expected to reach US$ 102.9 Bn by 2027, with a growing CAGR of 5.5 % during the forecast period (2021-2027).
As the working population is increasing, the rate of adoption for packed baby food products is also increasing. The increase in count of working women anticipate the growth of baby food market size. Increase in promotional activities and campaigns held by government or private companies thrives to witness significant growth in the baby food market. Awareness and adoption of more organic and natural plant-based food products is expected to lubricate the growth of baby food market.
Further, problems related to the breast-feeding can be overcome using baby food products which would provide all essential nutrients required for the development of babies. This stimulates the baby food market growth. Moreover, increase in packed food portfolio and innovation in products and their development is expected to attract more customer and enhance the growth of baby food market during forecast period.
Baby food is either soft, liquid paste or easily chewable food products, which are especially made for infants or toddlers. The food is either in powdered form which is then converted into semi-solid or paste like consistency, which can be easily consumed by babies. Generally, infants or toddlers depends on breast-feeding till 6 months, but in case of any health issue to mother or baby intolerant to lactose, can uptake nutrition's from baby food products. Baby food is available in varieties of flavours and colours with attractive packaging.
The global baby food market is broadly segmented into product type, distribution channel and region. Based on product type, milk formula has gained tremendous market shares in 2020 and expected to gain more during forecast period. This is due to increasing in breast-feeding problems in women due to external factors such as history with medication or consumption of alcoholic beverages, tends to support the growth of baby food industry in this segment.
Based on distribution channel, supermarket had significant market share in 2020 and is expected to continue during forecast period. This is due to availability of more varieties of products at one place, provides choice of buying products, boost the growth of this segment in the baby food market. Moreover, rising demand for packaged products account for growing awareness to propel the growth of baby food market during forecast period.
Geographically, Asia-Pacific accounted for largest market share in 2020 due to increase in healthcare expenditure and awareness regarding baby food products in this region. However, this result to drive the baby food market with a tremendous growth over the forecast period.
Global Baby Food Market by Region Outlook (Revenue, USD Million, 2021-2027)
a. North America
b. Europe
c. Asia Pacific
d. LAMEA
Based on region, Asia- Pacific dominated baby food market in 2020 and expected to maintain same dominance throughout forecast period. This is due to increasing population and changing lifestyle that drives the growth of market in this region. Moreover, increasing in spread of awareness campaigns and government initiatives for baby diet and importance of nutrition during development stage, triggers the growth of baby food market in this region. Further, increase in research and development centers, increase in players and acquisitions for expansion of product portfolio drives the growth of baby food market in this region. Developing countries like India and China has high birth rate as compared to other region, hence the demand for baby food product is high in this region.
The Global Baby Food Market Segmentation:
Global Baby Food Market by Product Type Outlook (Revenue, USD Million, 2021-2027)
Global Baby Food Market by Distribution Channel Outlook (Revenue, USD Million, 2021-2027)
Key Findings:
Company Profiles and Competitive Intelligence
The key players operating in the market are:
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