Belgium Baby Food Market Outlook to 2027
The report provides a comprehensive analysis of the baby food market in Belgium. The report also covers ecosystem of the market, stakeholders, market overview and genesis, value chain analysis, market size in terms of revenue, segmentation by food category, nature, age group and channels of distribution, trends and developments, issues and challenges, snapshot on emerging baby foods, decision making criteria for consumers, government regulations, SWOT analysis and competitive landscape. The report then concludes with market projections for future market described above and analyst recommendations highlighting the major opportunities and cautions to be taken before entering the market.
Market Overview:
According to Ken Research estimates, the Belgium baby food market – which grew from approximately EUR ~ in 2017 to approximately EUR ~ in 2022P – is forecasted to grow further into EUR ~ opportunity by 2027F, owing to the newness and innovations for instance, application-based baby food i.e., baby food designed specifically for infants dealing with various body and health issues have gained a lot of popularity in the country.
The baby food market of Belgium is primarily import oriented in nature. Volume imports have risen by ~% since 2017 and in 2022 stood at ~ tons, with milks & cereals representing more than half and growing the fastest.
Goat milk formula products have also witnessed to emerge during the review period.
Key Trends by Market Segment:
By Type of Milk Formula: Majority of the sales in Belgium baby food market were of follow-on milk powdered formula products. This was followed by growing-up milk formula, standard milk powdered formula and lastly special baby milk formula.
By Distribution Channel: Majority of baby food sales in Belgium are made through grocery outlets, which have taken an increasingly large share of sales in all sectors over the review period and now account for almost ~% of sales. The other channels account for a very low share in the distribution of baby food in Belgium which is projected to change in future.
Competitive Landscape
In Belgium Baby Food Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. The major parameters on which these players complete includes product variant, channels of distribution and price of the product. Danone remains the clear leader of the Belgian baby food market, accounting for ~% of value sales in 2017.
Future Outlook
During the forecast period of 2022-2027, it is anticipated that the baby food market of Belgium will grow at a modest CAGR of ~%, leading to consumption of ~ tons by 2027F. Organic baby food sales are expected to significantly grow owing to increasing health awareness among parents and rising household income in Belgium.
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