Global Baby Food Market Size Study & Forecast, by Product Type (Infant Formula, Snacks, Purees, Cereals, Juice & Smoothies, Others), by Demography (Infant, Toddler, Pre schooler), by Nature (Organic, Inorganic), by Distribution Channel (Supermarkets/Hypermarkets, Grocery Stores, Online Stores, Others) and Regional Analysis, 2023-2030
Global Baby Food Market is valued at approximately USD 97.31 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.62% over the forecast period 2023-2030. Baby food is a soft and easily digestible meal specifically created for infants aged 4-6 months to two years old. The market for baby food is evolving due to factors such as the increasing number of working women, leaving them with less time for food preparation and breastfeeding. Additionally, growing parental concern for their child's well-being, rising disposable income, and an escalated demand for convenience foods are further driving the momentum of the infant food market. However, most parents prefer home-cooked baby food compared to packaged baby food, which is hampering market growth.
The infant population is increasing, which is driving growth in the infant food category. In 2021, the National Center for Health Statistics reported that the number of births in the United States increased by 1%, with a total of 3,659,289 births that year. As toddlers require a lot of energy for their physical and cognitive development, the demand for infant food is expected to continue to grow. Furthermore, product innovations, intensive research, and development activities have opened up opportunities for the market to grow. However, the high price of baby food products has restricted their adoption among middle-income groups.
The key regions considered for the Global Baby Food Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The Asia Pacific region dominated the market in 2022, primarily due to the rising number of working women and fast-paced lifestyles, which are expected to drive market growth. In addition, the increasing infant population and rising disposable income in countries such as China and India are expected to boost the demand for infant products. According to the Australian Bureau of Statistics, birth rates across Australia increased by 5.3% in 2021. Trusted brands are investing heavily in safe and high-quality infant food production, which is contributing to overall growth and development of children. North America is also expected to see significant growth during the forecast period, as parents are highly concerned about their children's health and nutrient intake, regardless of product cost. Additionally, rising standards of living and consumer awareness regarding the benefits of infant products are contributing to market growth. For instance, Beech Nut, a U.S. pioneer, opened a baby food production facility in New York in June 2022 to fulfill rising consumer demands across the region.
Major market player included in this report are:
Nestle S.A
Danone SA
Reckitt Benckiser Group PLC
Abbott Laboratories
Feihe International Inc.
Alter S.A.
The Kraft Heinz Company
Kewpie Corporation
Asahi Group Holdings Ltd.
PZ Cussons Plc.
Recent Developments in the Market:
In January 2021, Hero AG acquired Baby Gourmet, a leading organic meal and snack brand for babies and toddlers based in Canada, to expand its portfolio and footprint in North America.
In November 2021, Abbott Laboratories launched the Similac 360 Total Care, an infant formula with a blend of five different human milk oligosaccharides, providing nutrition to support the whole baby's health and development, including the developing immune system, digestive system, and brain.
In April 2022, Gerber, a company owned by Nestlé, announced the release of a new line of baby food called Plant-tastic. This line of food is carbon-neutral and high in plant protein, and includes a variety of organic pouches, snacks, and meals.
In July 2022, Danone Inc. launched a new dairy and plant blend baby formula to meet the consumers' demands for feeding options suitable for vegetarian, flexitarian, and plant-based diets, while also meeting their baby's specific nutritional requirements.
Global Baby Food Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product Type, Demography, Nature, Distribution Channel, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Infant Formula
Snacks
Purees
Cereals
Juice & Smoothies
Others
By Demography:
Infant
Toddler
Pre schooler
By Nature:
Organic
Inorganic
By Distribution Channel:
Supermarkets/Hypermarkets
Grocery Stores
Online Stores
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
Nestle S.A
Danone SA
Reckitt Benckiser Group PLC
Abbott Laboratories
Feihe International Inc.
Alter S.A.
The Kraft Heinz Company
Kewpie Corporation
Asahi Group Holdings Ltd.
PZ Cussons Plc.
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