Global Baby Food Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecas
Global Baby Food Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Baby Food Market: By Type (Baby Food and Infant Formula), By Product Type (Prepared Food, Dried Food, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Super Markets, and Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Global baby food market was valued at US$ XX Mn in 2017 and expected to grow at 7.0% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Baby Food Market
Baby food is soft and easily consumed food other than the breast milk and infant formula, which is given to the babies during the few nascent years of infant lives. It is generally given to the infants ageing four to six months and two years old. The baby foods are currently available in the prepared form, dried form and as infant formulas. The infant formulas are the replacements of the mother’s milk with the nutritional attributes of the mother’s milk. The baby food are soft mashed products which are easy to consume.
Market Dynamics: Baby Food Market
Increasing infant population and the growing concerns among parents about the health of their new born babies are the major factors driving the growth of the baby food market. The rising number of working women and adoption of the optimal health nutrition products are positively affecting the growth of the baby food market. The global baby food market is experiencing a significant growth majorly due to rising awareness among the parents about the nutrition and the strict safety standards in the manufacturing of the baby food. The parents are adopting the packaged baby food and infant formulas to ensure the welfare of their infant. The increasing concerns about the nutritional values in the baby food has propelled the manufacturers to come up with various kinds of organic food. Owing to the ease and the convenience, the baby food pouches are expected to be the fastest growing products. However, the practice of feeding home cooked food is likely to hamper the growth of the market.
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Market Scope: Baby Food Market
Baby food market is segmented based on the type, product type, and distribution channel
Based on the type, the market is segmented into the following:
• Baby food
o Cereal based food
o Vegetable and Fruit Purees
o Frozen foods
o Others
• Infant formula
o Cow Milk Based
o Soy Based
o Others
Based on the product type, the market is segmented into the following:
• Prepared food
• Dried food
• Others
Based on the distribution channel, the market is segmented into the following:
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Super markets
• Others
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Regional Analysis: Baby Food Market
Geographically, global baby food market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia pacific baby food market growth driven by increasing population owing to the larger consumer base. Following Asia Pacific are the regions of Europe and North America. The growing awareness of the various types of baby foods that are available in the market is attracting the consumers to adopt the baby food product. The availability of the baby foods in the modern retail formants is also likely to enhance the growth of the market in all the regions. The uninterrupted introduction of new products by the manufacturers is also enriching the growth of the market, which is in turn is helping vendors to expand their market in the various regions all over the globe.
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Competition Assessment: Baby Food Market
Some of the players in the global baby food market include:
• Abbott Laboratories (U.S)
• Danone (France)
• Mead Johnson (U.S)
• Campbell soups (U.S)
• Bellamy Organics (Australia)
• Hero-Group (Switzerland)
• Hain Celestial Group (U.S)
• Perrigo Company (U.S)
• Bristol-Myers Squibb (U.S)
• Beech-Nut Nutrition Corporation (U.S)
Notable Market Developments: Baby Food Market
In August 2016, Nestle launches kid’s cereal Ceregrow in India.
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