Baby Food Market By Product Type (Dried baby food, Milk formula, Prepared baby food, Other baby food), By Distribution Channel (Supermarkets, Hypermarkets, Small grocery retailers, Health and beauty retailers, Others), By Category (Organic, Conventional): Global Opportunity Analysis and Industry Forecast, 2022-2031
The global baby food market size was valued at $67.7 billion in 2021 and is projected to reach $116.5 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031. Baby food is soft and easily consumed food prepared for infants between the age group of four to six months until two years. In underdeveloped and developing countries, infants with low household income are fed soft home-cooked baby food. However, in certain developing countries, prepared baby food has witnessed increased demand owing to surge in urban population coupled with changing lifestyle due to considerable rise in disposable income.
In addition, rise in awareness for increased nutritional need of babies, organized retail marketing channels, and surge in female workforce boost the market for baby food. However, food safety concerns, decline in birth rates, and practice of feeding home-cooked baby food act as the key restraining factors of the global market.
The global baby food market is segmented into product type, distribution channel, category, and region. Depending on product type, the market is segregated into dried baby food, milk formula, prepared baby food, and others. Presently, the milk formula segment leads the market with maximum share in terms of revenue. However, the prepared baby food segment is expected to register significant growth during the forecast period, owing to increase in working population and time constraints for food preparation. Moreover, the sale of milk formulation is restricted in some of the countries in Asia-Pacific, whereas the sale of prepared baby food is majorly confined to the developed countries. Furthermore, the prepared baby food segment is anticipated to gain high traction during the forecast period, owing to the growing population in Asia-Pacific.
Supermarkets, hypermarkets, small grocery retailers, and health & beauty retailers are some of the key distribution channels operating in the baby food industry. Supermarket is the most preferred distribution channel among consumers, followed by health & beauty retailer. Small grocery and health and beauty retailers hold major share in the Asian market. Small grocery retailers segment accounts for comparatively low market share in the global baby food market, but it is forecast to witness rapid growth during the forecast period. The other distribution channels include discounters, non-grocery retailers, and non-store retailers.
By category, organic and conventional are the segment considered in the baby food market. The organic segment is anticipated to witness significant growth rate during the forecast period.Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific occupies the largest market share in the global baby food market, followed by Europe, North America, and LAMEA. Asia-Pacific is the largest market for milk formula holding approximately more than half of the overall market share. However, LAMEA is expected to witness significant rise in the demand for baby food, owing to the improvement in socio-demographic factors and increase in birthrate.
The key players profiled in this report include Nestle, Danone, Mead Johnson, Abbott Laboratories, Hero-Group, Perrigo Company, Bellamy Organics, Hain Celestial Group, Campbell Soups, and Friesland Campina.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the baby food market analysis from 2021 to 2031 to identify the prevailing baby food market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the baby food market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global baby food market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Product TypeMilk formula
Prepared baby food
Other baby food
Dried baby food
By Distribution ChannelSupermarkets
Hypermarkets
Small grocery retailers
Health and beauty retailers
Others
By CategoryOrganic
Conventional
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
Hero AG
Danone S.A.
Mead Johnson & Company, LLC.
Bellamys Organic Pty Ltd
The Hain Celestial Group, Inc.
Abbott Laboratories
Nestle S.A.
Royal FrieslandCampina N.V.
Sun-Maid Growers of California
Perrigo Company plc
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