Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the organic baby food market provides an in-depth analysis of segments and sub-segments in the BRICS as well as the regional organic baby food market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional organic baby food market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the BRICS organic baby food market. According to the report, the BRICS organic baby food market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.
Organic baby food is free from any artificial additives ingredients, and it is produced from certified organic raw materials. Organic baby food is considered more nutritious than non-organic baby food since organic food is grown or synthetic fertilizers or pesticides. Furthermore, organic baby food does not require any preparation or refrigeration; hence it is also called ready-to-use food. Moreover, organic baby food decreases the risk of various diseases caused by exposure to pesticides and other contaminants in foods, and it also has a longer shelf life. The initial days are compassionate times of a baby's life, and here, organic baby foods become essential by keeping the limits on the exposure to harmful substances. Additionally, organic baby foods contain a high level of antioxidants and vitamins than convention or non-organic baby food. Furthermore, the raw material used to make organic baby food like fruits and vegetables are pesticide-free, and the raw material like meat from animals are provided with antibiotics. Hence, the infants are safe from exposure to harmful pesticides and other harmful contaminants by using organic baby food.
There is high cultivation of raw materials in the BRICS region, which are used to produce organic products, due to which there is the easy availability of natural resources in countries of the BRICS region. For instance, Brazil is one of the most prominent countries contributing to organic farming in the Asia Pacific, followed by China. Hence, the organic baby food market is projected to grow during the forecast period due to the high cultivation of raw materials used to produce organic baby food. Furthermore, there is an increased trade across all sectors in the BRICS region which is expected to accelerate the growth of the organic baby food market. The reason for increased trade can be the liberalization of trade and increasing investment, opening much space for international business. In the BRICS region, China is the country that is highly dependent on imported baby food products, especially milk formula. On the other hand, organic baby food products do not carry any synthetic preservatives, due to which the shelf life of the product decreases; this is expected to hamper the market's growth. Moreover, in BRICS nations, there is a lack of brand awareness among consumers due to the low visibility of the product. Hence this becomes a prime factor to hinder the market's growth in the BRICS region. Nevertheless, the development of internet users and the rising disposable income of people in the BRICS region creates an exponential growth opportunity for the organic baby food market. Additionally, government initiatives towards educating consumers about the health benefits of natural and chemical-free food products and increased investments of government and critical food manufacturers have also created significant growth opportunities for the market.
Geographically, China holds the largest market share and is expected to lead the BRICS organic baby food market. The Chinese Public Security Ministry stated that more than 10 million new births were recorded in the country in 2020. Hence, the country's vast population ensures that it remains an essential market for organic baby food. For instance, Hong Kong has displayed significantly higher rates of adoption of organic baby food products due to the rising health consciousness and rising disposable income, which leads to boosted expenditures on safe organic food. Furthermore, there is a heavy requirement for the soil samples from the Hong Kong Organic Resource Centre to test residual heavy metals and other contaminants. This demand for soil samples from all farm applicants is expected to prove conducive to organic baby food sales. Additionally, according to the Export-Import Bank of India report, China has played a significant role by accounting for nearly half of the intra-BRICS trade, followed by India, Brazil, Russia, and South Africa, making it an important market for organic baby food manufacturers.
The report on BRICS organic baby food market covers segments such as product type, and distribution channel. On the basis of product type, the sub-markets include ready to feed, prepared, milk formula, dried, and others. On the basis of distribution channel, the sub-markets include super market, specialty outlet, drug store & pharmacies, internet, and others.
The report provides profiles of the companies in the market such as Nestlé S.A., H.J. Heinz Company, Groupe Danone, Pristine Organics Pvt Ltd., British Biologicals, Abbott Laboratories, Otsuka Holdings Co., Ltd., Campbell Soup Company, Hero Group, and Bellamy’s Australia Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the organic baby food market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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