Baby Food Market: Global Industry Analysis and Forecast (2023-2029)

Baby Food Market size was valued at US$ 80.60 Bn. in 2022 and the total revenue is expected to grow at 6.2 % through 2023 to 2029, reaching nearly US$ 122.81 Bn.
Global Baby Food Market Overview:
Baby food is soft food product, specially developed for babies aging between four months to two years to accomplish their nutritious desires. Baby food is mainly categorized into powder, liquid and solid. The powdered form of baby food is mixed with water before feeding the babies & have minimum cost. Further, the solid baby food contains baby cornflakes. Babies are fed with soft home prepared food in emerging countries. Though, increasing development and changing lifestyles have improved the demand for packaged baby foods worldwide.

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Baby Food Market Dynamics:
The growing understanding of the nutrient content of readily available infant food has boosted demand for it, particularly among working parents. Organic baby food is becoming more popular among young parents as a result of the lower risk of side effects. Preparing home-cooked baby foods has become a difficult undertaking as a result of increased urbanisation and an increase in the number of working mothers. In many areas, shifting lifestyle habits have fueled demand for packaged infant food. Furthermore, the increased marketing of such products has elicited a strong response from customers.

Baby foods are designed to be easily digestible by babies. These are created using specific formulae that include the majority of the nutrients necessary for a baby's bone and tissue growth. Breast milk is insufficient for an infant's effective implementation, thus many customers are willing to supplement their child's diet with adequate nutrients. There were initially few possibilities for such goods; but, as demand grew, manufacturers produced a variety of tastes for infant foods. These foods are either a liquid paste or a soft consistency that the babies can easily chew. The infant has arrived.

The market's growth has been spurred by the development of advanced infant food items. These infant formulae are made in a highly regulated atmosphere, reducing the risk of adverse reactions. In addition, the rising frequency of chronic diseases has an impact on women' lactation periods, leading them to choose commercially accessible nutritious food products for their infants. As per the United Nations, the world's population is estimated to reach 8.6 billion in 2030, with an annual increase of 83 million people. In 2015, there were about 670 million new-borns aged 0 to 4 years old, with 800 million expected by 2022.

However, the market's growth is being hampered by the strict restrictions that regulate the production of baby food items.
Global Baby Food Market Segment Analysis:
The global Baby Food Market is segmented by Product Type and Distribution Channel.

Based on Product Type, the global market is segmented into Dried Baby Food, Milk Formula and Prepared Baby Food. The Milk Formula segment held the largest market share of 60.5% in 2022. However, the Prepared Baby Food is expected to grow at a highest CAGR of xx% in the global  market during the forecast period. The Asia-Pacific area consumes the majority of infant formula milk products. Developed countries, on the other hand, are the greatest consumers of packaged infant food. However, the functionalized infant food industry in emerging nations may contribute to the company's revenue during the forecast period, resulting in considerable growth, particularly in emerging regions.

Based on Distribution Channel, the global market is segmented into Supermarkets, Hypermarkets, Small Grocery Retailers and Health & Beauty Retailers. The Supermarkets segment held the largest market share of 35.5% in 2022. During the forecast period, product demand will be fueled by the rise of supermarkets in Asia Pacific, as well as their growing popularity among consumers. Product producers competed for the top locations on grocery shelves, resulting in effective marketing and attractive pricing methods. However, the Small Grocery Retailers is expected to grow at a highest CAGR of 6.62% in the global baby food market during the forecast period.


Regional Insights:
Asia Pacific held the largest market share of 40.3% in 2022 and it is expected to grow at a highest CAGR of xx% in the global Baby Food market during the forecast period. China is one of the leading processed baby food market with the increasing birth rate in China. The Asia-Pacific region's high birth rates and growing consumer ability have boosted demand for infant food and milk formula-based goods. Intensive R&D efforts by large corporations in the baby food industry would aid enterprises in providing affordable baby food items in this region.

Europe held the 2nd largest market share of 28% in 2022. Due to growing newborn health concerns, combined with increased awareness of the benefits of formula-based nutritious baby food, are moving the industry forward in various countries across the region. Furthermore, the increasing presence of major players in the region is expected to boost potential market.

The objective of the report is to present a comprehensive analysis of the global  Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global  Market dynamic, structure by analyzing the market segments and project the global Baby Food Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Baby Food Market make the report investor’s guide.
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Global Baby Food Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 80.60 Bn.


Forecast Period 2023 to 2029 CAGR:
6.2%
Market Size in 2029:
US $ 122.81 Bn.


 Segments Covered:
by Type
Prepared baby food
Milk formula
Dried baby food
Others


by Distribution Channel
Super markets
Hypermarkets
Small Grocery Retailers
Health & Beauty Retailers
Others


by Nature
Organic
Conventional



Global Baby Food Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Baby Food Market Key Players
1. Nestlé SA
2. HJ Heinz
3. Bristol-Myers Squibb
4. DANONE
5. Mead Johnson Nutrition Co
6. Abbott Laboratories Inc
7. Inner Mongolia Yili Industrial Group Co Ltd
8. Royal FrieslandCampina NV
9. Hangzhou Beingmate Group Co Ltd
10. Hain Celestial Group Inc, The
11. GlaxoSmithKline Plc
12. Hero Group GmbH
13. Pfizer Inc
14. Associated British Foods Plc
15. Arla Foods Amba
16. Dean Foods Co
17. Mondelez International Inc
18. Danone
19. Bristol-Myers Squibb
20. Perrigo Company Plc
21. Bellamy Organics
22. Campbell Soups and Friesland Campina.
23. Reckitt Benckiser Group plc
24. Feihe International Inc,
25. Ausnutria Dairy Corporation Ltd
Frequently Asked Questions:
1] What segments are covered in Baby Food Market report?
Ans. The segments covered in Baby Food Market report are based on Product Type, Nature and Distribution Channel.

2] Which region is expected to hold the highest share in the global Baby Food Market?
Ans. Asia Pacific is expected to hold the highest share in the global Baby Food Market.

3] What is the market size of global Baby Food Market by 2029?
Ans. The market size of global Baby Food Market by 2029 is US $ 122.81 Bn.

4] Who are the top key players in the global Baby Food Market?
Ans. Nestlé SA, HJ Heinz, Bristol-Myers Squibb, DANONE and Mead Johnson Nutrition Co are the top key players in the global Baby Food Market.

5] What was the market size of global Baby Food Market in 2022?
Ans. The market size of global Baby Food Market in 2022 was US $ 80.60 Bn.

6] By Product Type, What segments are covered in Global Baby Food Market report?
Ans. The segments covered in global Baby Food Market report by product type are Dried Baby Food, Based on Milk Formula and Prepared Baby Food.