Global Baby Food Market: Market Segments: By Quality (Organic and Conventional): By Type (Milk Formula, Dried Baby Food, Ready to Feed Baby Food, Others): By Distribution Channel (Drugstores/ Pharmacies, Supermarket/ Hypermarket, Convenience Stores, Online Channels, Others): Global Analysis by Market size, share & trends for 2019-2020 and forecasts to 2030
Baby food is a liquid, soft paste or food that is easy to chew because babies do not have the muscles and teeth developed to chew effectively. Babies often switch to baby formula when breastfeeding or infant formula is not enough for the child’s appetite. Teeth to switch to solid food. Caution should be exercised with certain foods that present a choking hazard, such as undercooked vegetables, grapes, or foods that may contain bones. Babies begin to eat liquid baby food consisting of pureed vegetables and fruits, sometimes mixed with rice grains and infant formula, or breast milk. Small, soft, or lumpy pieces can be added as the baby can chew better. Caution is advised as babies with teeth have the ability to break chunks of food, but do not have the back molars to the molars, so the food can be carefully chopped or pre-chewed or broken into pieces that your baby can handle.
The Global Baby Food Market is predicted to project a notable CAGR of 7.97% in 2030.
The Global Baby Food Market to surpass USD 124.21 billion by 2030 from USD 57.69 billion in 2020 at a CAGR of 7.97% within the coming years, i.e., 2020-30. Growing awareness of nutrition, the rise of organized retail marketing, urbanization combined with a significant increase in the female workforce are key factors driving the growth of the Global Baby Food Market. Feeding babies homemade food is the major limitation in the Global Baby Food Market. Parents demand the highest safety and quality standards in infant nutrition. The major players in the Global Baby Food Market are constantly reforming the products to make them more attractive to parents and babies.
Recent News and Developments:
• In 2020 Danone SA acquired Murray Goulburn Dairy (Qingdao) Co. Ltd from Saputo Dairy Australia. This transaction includes an infant formula brand and facility in Qingdao and was completed in June 2020. Infant formula production facility in China.
• In 2019, Nestlé opened a maternity and infant nutrition research and development center in Ireland that will focus on scientific research to support innovation in milk-based maternal and infant nutrition products for the global market.
Global Baby Food Market: Segments
Organic Formula segment to grow with the highest CAGR during 2020-2030
The Global Baby Food Market is segmented by Quality into Organic and Conventional. The Organic segment is expected to grow with a significant CAGR in 2020-2030. With the increase in malnutrition and health problems in babies, the demand for organic baby food is growing enormously. Consumers are willing to spend a little more on high-quality organic food. Food Organic food does not contain any preservatives, artificial colors or flavors, which guarantees the quality of these products.
Global Baby Food Market: Market Dynamics
Increasing Awareness of right nutrition
Today, parents are increasingly aware of the effects of proper nutrition on the overall growth and development of their child. As a result, they are shifting to baby food and infant formula rich in protein, vitamins, minerals and carbohydrates and increasing sales of baby food. These products are mostly available in powder form that can be mixed with water or milk. In addition, due to increasing consumer awareness, manufacturers are introducing organic baby food, premium and minimally processed varieties, and infant formula varieties.
High product costs
Growing consumer purchasing power, various brands available in the market, and increasing industrialization are driving Global Baby Food Market growth around the world, however, high product costs are expected to constrain market growth in global baby foods during the rise in breastfeeding due to government initiatives, falling birth rates, and food safety are some other important factors that are holding back the growth of the Global Baby Food Market
Impact of COVID19 on the Global Baby Food Market
During the COVID19 pandemic, baby food was marked as an essential commodity and as key retail distribution channels were allowed to remain open, warehousing led to a significant increase in retail sales. Developed and developing countries have seen slower growth due to the disruption in the supply chain as consumers spend less during the economic downturn. Global Baby Food Market growth is expected due to the wave of innovation with key ingredients such as breast milk oligosaccharides (HMOs) and probiotics. In the long term, manufacturers are expected to develop products that support the immune system from infancy.
Global Baby Food Market:
Company Overview, Business Strategy, Key Product Offerings, financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
• Nestlé SA
• Abbott Laboratories Inc.
• Royal Friesland Campina NV
• Pfizer Inc
• GlaxoSmithKline Plc, Bellamy Organics
• Mead Johnson & Company LLC
• Campbell Soups
• Dean Foods Co.
• Hain Celestial Group Inc.
Global Baby Food Market: Regions
Global Baby Food Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The Asia-Pacific region excluding Japan will continue to be the most lucrative market for the sale and production of baby food. The demand for baby food in developed markets such as North America and Europe will remain stable over the forecast period
Global Baby Food Market report also contains analysis on:
Global Baby Food Market Segments:
• By Quality
• By Type
o Milk Formula
o Dried Baby Food
o Ready to Feed Baby Food
• By Distribution Channel
o Drugstores/ Pharmacies
o Supermarket/ Hypermarket
o Convenience Stores
o Online Channels
• Global Baby Food Market Dynamics
• Global Baby Food Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value chain of the Market
• Market Drivers and Restraints