Baby Food market Size, Global, Growth, Segmentation, Development, Analysis and Forecast by 2030

The baby food market size was USD 97.31 billion in 2022 and is projected to grow from USD 102.90 billion in 2023 to USD 161.16 billion by 2030, exhibiting a CAGR of 6.62% during the 2023-2030 period.

The baby food market size was USD 97.31 billion in 2022. The market is projected to grow from USD 102.90 billion in 2023 to USD 161.16 billion by 2030, exhibiting a CAGR of 6.62% during the 2023-2030 period.

The market for baby food is experiencing rapid growth due to several factors, including an increasing number of working women, growing parental concerns regarding infant nutrition, and time constraints faced by parents globally. These factors have led to a higher demand for these products as they provide the necessary nutrients and energy required for the development of babies. Fortune Business Insights presents this information in their report titled "Global Baby Food Market, 2023–2030."

List of Key Players Profiled in the Market Report:

  • Nestle S.A. (Switzerland)
  • Hero Group (Switzerland)
  • Danone S.A. (France)
  • Abbott (U.S.)
  • ASAHI GROUP HOLDINGS, LTD. (Japan)
  • PZ Cussons (U.K.)
  • The Kraft Heinz Company (U.S.)
  • Kewpie Corporation (Japan)
  • HiPP GmbH Co. Vertrieb KG (Germany)
  • Alter S.L. (Italy)

Source Link:

https://www.fortunebusinessinsights.com/baby-food-market-103849

Segments:

Infant Formula Dominates the Market as a Convenient Alternative to Breastfeeding

On the basis of product type, the market is segmented into infant formula, snacks, purees, cereals, juice smoothies, and others. Infant formula is the dominant segment in the market, primarily due to its extensive usage across various applications. It provides a convenient solution for feeding babies when breastfeeding is not feasible or available.

Growing Demand for Weaning Foods Drives Prominence of Toddler Segment in the Market

On the basis of demography, the market is divided into infant, toddler, and preschooler. The toddler segment occupies a significant position in the market, driven by the increasing consumption of weaning foods like cereals, purees, juices, and more. Toddlers between the ages of 2 and 3 require additional energy and nutrients that are not adequately provided through breastfeeding alone.

Inorganic Segment Dominates the Market with High Consumption and Affordability

Based on nature, the market is bifurcated into organic and inorganic. The growing demand for inorganic products can be attributed to their easy accessibility and affordability, driving the segment's significant growth. Additionally, inorganic products require lower production investments compared to organic alternatives, contributing to increased production capacity.

Convenience and Discounts Offered by Supermarkets/Hypermarkets Drive Segmental Growth

On the basis of distribution channel, the market is distributed into supermarkets/hypermarkets, grocery stores pharmacy stores, online stores, and others. Supermarkets/hypermarkets dominate the market as they are convenient and offer a wide range of products, making them popular choices for shoppers. Bulk purchase discounts offered by DMart and Walmart attract consumers.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

Report Coverage:

The report offers:

  • Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
  • Comprehensive insights into regional developments.
  • List of major industry players.
  • Key strategies adopted by the market players.
  • Latest industry developments include product launches, partnerships, mergers, and acquisitions.

 

 


Shital Varma

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