Baby Food Market

Baby Food Market’s Resilient Growth at 1.2% CAGR Forecasted till 2030

0 Comment March 1, 2024 Uncategorized

Market Overview: Global Baby Food Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Baby Food Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Baby Food Market Insights 2023-30

The Global Baby Food Market size was valued at USD 69.76 Billion in 2022 and is projected to grow at a CAGR of around 1.2% during the forecast period, i.e., 2023-30.

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Top Players in the Baby Food Market:

  • Nestle SA
  • Danone Groupe
  • Feihe International Inc
  • Reckitt Benckiser Group Plc (RB)
  • Abbott Laboratories Inc
  • Royal Fri e s l a ndCa mpi na NV
  • Shijiazhuang Junlebao Milk Co Ltd
  • Australia Ausnutria Dairy Pty Ltd
  • Inner Mongolia Yili Industria l Group Co Ltd
  • Hipp GmbH
  • Kraft Heinz Co
  • Health & Happiness (H&H) International Holdings Ltd
  • Progress OAO
  • Vietnam Dairy Products JSC
  • Hero Group GmbH
  • Morinaga Milk Industry Co Ltd
  • a2 Milk Co Ltd
  • Hain Celestial Group Inc
  • Others

Segmentation Analysis of Baby Food Market

Baby Food Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Sales Channel

  • Store-Based
  • Grocery Stores
  • Pharmacies
  • Others (Health & Supplement Stores, etc.)
  • Online

Of them all, store-based sales are anticipated to dominate the Global Baby Food Market with the largest share during 2023-30. This is due to the rising awareness of product ingredients and quality, which has enabled consumers to trust store-based purchases as they can read labels and get expert advice from store staff. Store-based sales also benefit from the immediate availability of products, eliminating the waiting time associated with online deliveries. Despite the popularity of online retail, store-based sales continue to thrive, as many consumers’ view baby food as an essential item that requires timely and hassle-free procurement. Likewise, strategies like bulk volume and effective merchandising are also promoting the sales of baby food products at stores and driving the global market.

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-By Type of Food

  • Dried Baby Food
  • Prepared Baby Food
  • Milk Formula
  • Other Baby Food

-By Origin

  • Organic
  • In Organic

A Comprehensive Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Asia-Pacific, with around 56.34% market share, is both the largest & fastest growing Baby Food industries, mainly due to the swiftly rising population, increasing consumer expenditure on such products, and busy lifestyle of the people. China leads the market, however, India & Indonesia are also anticipated to promote the market growth due to the increasing prevalence of grocery shops, the surging purchase power of people, and mounting consumer awareness about the benefits of baby food, like high nutritional value. Besides, India has a high ratio of malnourished infants, which is another crucial aspect that creates lucrative opportunities for the leading players.

South America is likely to hold a significant market share in the coming years, owing to the burgeoning cases of malnutrition and various health problems among most infants. Several prominent companies are introducing a diverse range of baby food in the region to suffice the nutrition requirements of these infants.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 11.2 diverse industrial verticals.

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