Baby Food Market
Baby Food Market Size, Share & Trends Analysis Report by Product (Infant Formula, Baby Cereals, Baby Snacks, Baby Soups), by Type (Inorganic, Organic), by Distribution Channel (Hypermarkets, Supermarkets, Drug Stores, Specialty Stores), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
|Forecast Years for Baby Food Market:||2022 - 2028|
|Historical Years for Baby Food Market:||2016 - 2021|
|Revenue 2021 for Baby Food Market:||USD 29,782.5 Million|
|Revenue 2028 for Baby Food:||USD 42,008.4 Million|
|Revenue CAGR (2022 - 2028) for Baby Food Market :||5.9%|
|Fastest Growing Region (2022 - 2028) for Baby Food Market:||Asia Pacific|
|Largest Region (2021) for Baby Food Market:||Asia Pacific|
Global Baby Food Market is valued at USD 29,782.5 Million in 2021 and is projected to reach a value of USD 42,008.4 Million by 2028 at a Compound Annual Growth Rate (CAGR) of 5.9% over the forecast period.
Baby Food is soft, mashed fruits, vegetables, and cereals that can be consumed easily, other than breast milk, which is made specifically for babies. The Baby Food is available in numerous varieties and tastes to appeal to both baby and parent. The infant formula is manufactured for babies that are under the age of 12 months. It is considered as a best substitute for breast milk because it contains essential nutrients that are important for baby’s growth. Since the muscles and teeth of an infant are not developed adequately, Baby Food products are their main source of nutrition. Over the years, parents have turned to these packaged foods due to the convenience and better nutrition that these products offer. This is a factor expected to create new opportunities for prominent players operating in the target market over the forecast period.
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The Infant Formula Segment to Hold the Largest Market Revenue Share during the Forecast Period
The infant formula category in product type held the largest share in the Baby Food Market in 2021 and is expected to maintain its position over the forecast period. This is mainly due to the increasing incidence of lactation problems in women, which has impacted the adoption of milk-based Baby Food products. In addition, the issue of breastfeeding to infants is another major factor behind the increased demand for infant formula.
Inorganic Segment Holds the Largest Market Share in Terms of Revenue
Based on type, inorganic foods accounted for a larger share of the Baby Food Market in 2021. Additionally, the growth rate of this segment will increase rapidly in the next coming years, due to the shifting focus of industry key players on increasing the production of inorganic Baby Food, as the production cost of organic Baby Food is high and companies face cost-effective barriers to sourcing organic ingredients.
Online Segment to Grow at a Highest CAGR during the Forecast Period
The supermarket segment held the significant Baby Food Market share during the forecast period, owing to the availability of broad range of consumer goods under a single roof, ample parking space, and convenient operation timings. These stores are gaining popularity as they offer variety of brands in a particular product category, offering more options for the consumers. Furthermore, some supermarkets have representatives of company in order to assist consumers in selecting Baby Food products.
However, the online category is expected to witness the highest growth rate in the Baby Food Market during the forecast period, based on distribution channel. This is attributed to the promptly growing e-commerce market across the global. Moreover, the preference of customers is shifting towards online channels, especially in the present scenario of the COVID-19 pandemic, which is leading to the rising sales of Baby Food through online channels, in order to avoid striding out and, ultimately, stay safe.
Asia Pacific Region Dominated the Baby Food Market during the Forecast Period
Asia-Pacific market is projected to dominate the global Baby Food Market during the forecast period. The high birth rate and rising disposable income of the individual in Asia Pacific have a positive impact on the Baby Food Market in the region. The intensive R&D activities of various companies operating in the Baby Food Market will help them to provide affordable Baby Food in the region. China holds the major share in terms of revenue in the target market in the region. Moreover, developing economies, like India and Indonesia, are expected to augment growth of the market in the region.
Some of the major key players in the Baby Food Market are Hero Group, Inner Mongolia Yili Industrial Group Co. Ltd., Kewpie Corporation, DMK Deutsches Milchkontor GmbH, PZ Cussons (UK) Limited, Perrigo Company PLC, and Royal FrieslandCampina N.V..
Baby Food Market is Segmented as Follows:
Regions & Countries Covered
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
Baby Food Market is Tabulated as follows:
Frequently Asked Questions
the global demand for Baby Food
in terms of revenue?
The global Baby Food valued at USD 29,782.5 Million in 2020 and is expected to reach USD 42,008.4 Million in 2028 growing at a CAGR of 5.9%
are the prominent players
in the market?
The prominent players in the market are Hero Group, Inner Mongolia Yili Industrial Group Co. Ltd., Kewpie Corporation, DMK Deutsches Milchkontor GmbH, PZ Cussons (UK) Limited, Perrigo Company PLC, and Royal FrieslandCampina N.V..
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 5.9% between 2021 and 2028.
the driving factors
fueling the growth of the market.
The driving factors of the Baby Food include
- Expanding organized retail shops and supermarkets drives the baby food market
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Baby Food in 2020.