A recent report published by Infinium Global Research on the baby food market provides an in-depth analysis of segments and sub-segments in the global as well as a regional baby food market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional 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 global baby food market. According to the report, the global baby food market is projected to grow at a CAGR of 7.2% over the forecast period of 2019-2025.
Baby food is foodstuffs processed and manufactured for the nutritional health of infants in their earlier years between four months to two years of age. These foods are soft, easy to consume food products other than breastmilk. Baby food products contain nutritious organic whole foods and serve as a way to healthily feed a child while in transit, outside home or when engaged in any of the other innumerable. They come in several varieties and flavors are easily available in retail stores, convenient stores, supermarkets, hypermarkets, and online stores.
The global baby food market is driven by factors such as a rising population of women in the workforce, busy lifestyle, increasing disposable income, perception of baby food as a status quotient in high-income groups. In addition, greater awareness about packaged baby food among parents to adequately fulfill the nutritional requirements of the infants are encouraging the growth of the baby food market. Furthermore, government and non-government initiatives such as Women, Infant, Children The program, USDA Nutrition Assistance Programs, and several other programs, which provides baby food to low-income families, promote the growth of the baby food market. On the other hand, regulation pertaining to food safety has caused multiple recalls of baby foods because of concerns about contamination or spoilage hamper the growth of the baby food market. Another factor that is likely to restrain the baby food market is the falling birth rate in developed markets and government initiatives promoting breastfeeding and homemade baby food. High potential coupled with untapped markets and rising number of woman in the workforce worldwide, the emergence of organic baby foodstuffs, availability of these foodstuffs on e-commerce websites will provide growth opportunities for the leading and emerging player. Another, major challenge for the baby food industry is to comply with highly strict and healthy regulations pertaining to baby food nutritional standards.
The Asia-Pacific is the key consumer for baby food products in the global market and accounted for the highest global market shares in 2017. The growing urbanization and changing lifestyle is boosting the growth of the Asia-Pacific baby food market. Women account for half of the combined population of Asia-Pacific that highly contributes to the growth of the Asia-Pacific market. Europe is another promising market with over XX% global market share followed by North America at XX%. Growth in this region is highly attributed to the rising participation of woman in the workforce and drastically changing lifestyle. Furthermore, the APAC region is expected to continue its dominance over the forecast period owing to emerging markets such as India, China, and Indonesia. India currently has about 125-150 million children within the age of four, making it the largest market in Asia for baby food producers and allied industries.
The report on the global baby food market covers segments such as type, product, and distribution channel. On the basis of type, the sub-markets include conventional baby foods and organic baby foods. On the basis of product, the sub-markets include cereals, bottled food, food soups, frozen food, dried baby food, infant formula, and other products. On the basis of the distribution channel, the sub-markets include modern trade, convenience stores, drugs store, online retail, and other distribution channels.
The report provides profiles of the companies in the market such as Bristol-Myers Squibb Company, Danone S.A., Abbott Laboratories, Hero Baby, Kraft Heinz Company, Nestlé S.A., Perrigo Company plc, The Hain Celestial Group, Inc., Reckitt Benckiser Group plc, Campbell Soup Company, and Other Companies.
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 baby food market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. 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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