Baby Food market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Baby Food Market
The global baby food market size was valued at USD 102.90 billion in 2023, and the market is now projected to grow from USD 109.02 in 2024 to USD 185.47 billion by 2032, exhibiting a CAGR of 6.87% during the forecast period of 2023-2032.
The COVID-19 pandemic outbreak owing to its extensive spread caused a material disruption in the global baby food market growth. The global pandemic followed by unbending governmental rules and regulations resulted a significant imbalance in the production and sales of baby foods. Although, the demand was increasing, the lockdowns hindered the transportation of products. The key market players however attempted to maintain infant food quality and security by following all necessary protocols.
Any soft or comfortably consumed food item other than breast milk, predominantly intended for the consumption by babies is categorized under infant/baby food. Baby food is presumed to provide necessary nutrients and energy essential for growth and development of babies. The sudden surge in the working women segment is one of the major driving factors of the global baby food market share.
The last decade and half have witnessed a remarkable elevation in the numbers of working women globally. This surge has contributed to the increase in demand for convenience foods in recent years. In addition to this, other factors such as increase in number of working couples, hectic work schedules, lifestyle changes, and rising per capita are influencing the consumption behaviors of working women to a great extent. This altogether has pushed the baby food market to grow.
Comprehensive Analysis of Baby Food Market
The baby food market is seen rising swiftly owing to its market segmentation. These market segmentations are systematically fragmented into product type analysis, demography analysis, nature analysis, distribution channel analysis and region.
The Asia Pacific market’s share stood at 65.84 billion in 2023, and the region’s market is anticipated to continue dominating the global market in the upcoming years. More working women, rising infant population, increase in disposable income, and a fast passed lifestyle of the region has contributed to such big share in the global market.
The key market players of the baby food industry are continuously entering mergers, acquisitions, and joint ventures in order to collaborate with large stakeholders. This allows them to capture market share. These companies include, Nestle S.A. (Switzerland), Hero Group (Switzerland), Danone S.A. (France), Abbott (U.S.), ASAHI GROUP HOLDINGS, LTD. (Japan), P.Z. Cussons (U.K.), The Kraft Heinz Company (U.S.), Kewpie Corporation (Japan), HiPP GmbH & Co. Vertrieb KG (Germany), Alter S.L. (Italy).
In June 2023, a privately held family-owned company Nature’s Path Organic Foods, producer of certified organic foods, acquired a Canadian based organic baby food a children’s snack brand Love Child. This acquisition would allow Nature’s Path Organic Foods to introduce Love Child Organic’s baby food products in the U.S. market.
Segmentation Table
Baby Food Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.87% from 2024-2032
Unit Value (USD Billion)
Segmentation By Product Type, Demography, Nature, Distribution Channel, and Region
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 & Pharmacy Stores
Online Stores
Others
By Geography North America (By Product Type)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
Europe (By Product Type)
- Germany (By Product Type)
- France (By Product Type)
- U.K. (By Product Type)
- Spain (By Product Type)
- Italy (By Product Type)
- Rest of Europe (By Product Type)
Asia Pacific (By Product Type)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- Australia (By Product Type)
- Vietnam (By Product Type)
- Rest of Asia Pacific (By Product Type)
South America (By Product Type)
- Brazil (By Product Type)
- Argentina (By Product Type)
- Rest of South America (By Product Type)
Middle East & Africa (By Type)
- South Africa (By Product Type)
- UAE (By Product Type)
- Rest of Middle East & Africa (By Product Type)
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