Global Baby Food & Drink Market Growth 2024-2030

Global Baby Food & Drink Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Baby Food & Drink market size was valued at US$ 67340 million in 2023. With growing demand in downstream market, the Baby Food & Drink is forecast to a readjusted size of US$ 112800 million by 2030 with a CAGR of 7.6% during review period.

The research report highlights the growth potential of the global Baby Food & Drink market. Baby Food & Drink are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Baby Food & Drink. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Baby Food & Drink market.

Baby food is any soft, easily consumed food, other than breastmilk or infant formula, which is made specifically for babies. The food comes in multiple varieties and tastes. Most infant formula is made with cow's milk, but it has been modified and supplemented with additional nutrients. As a result, the formula is more nutritious and easier for the baby to digest than cow’s milk. Other formula options include soy-based formulas and hypoallergenic (or protein hydrolysate and amino acid-based) formulas.

According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand. China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to "Guide market players to produce safer and healthier domestic infant products". According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world. The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to 25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218. From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.

Key Features:

The report on Baby Food & Drink market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Baby Food & Drink market. It may include historical data, market segmentation by Type (e.g., Infant Formula, Baby Cereals), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Baby Food & Drink market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Baby Food & Drink market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Baby Food & Drink industry. This include advancements in Baby Food & Drink technology, Baby Food & Drink new entrants, Baby Food & Drink new investment, and other innovations that are shaping the future of Baby Food & Drink.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Baby Food & Drink market. It includes factors influencing customer ' purchasing decisions, preferences for Baby Food & Drink product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Baby Food & Drink market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Baby Food & Drink market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Baby Food & Drink market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Baby Food & Drink industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Baby Food & Drink market.

Market Segmentation:

Baby Food & Drink market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Infant Formula
Baby Cereals
Baby Snacks
Bottled & Canned Baby Food
Others

Segmentation by application
0-6 Months
6-12 Months
Above 12 Months

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mead Johnson
Nestle
Danone
Abbott
FrieslandCampina
Heinz
Bellamy
Topfer
HiPP
Perrigo
Arla
Holle
Fonterra
Westland Dairy
Pinnacle
Meiji
Yili
Biostime
Yashili
Feihe
Brightdairy
Beingmate
Wonderson
Synutra
Wissun
Hain Celestial
Plum Organics
DGC
Ausnutria Dairy (Hyproca)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Baby Food & Drink market?

What factors are driving Baby Food & Drink market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Baby Food & Drink market opportunities vary by end market size?

How does Baby Food & Drink break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.