According to SPER Market Research, the Global Baby Food Market is estimated to reach USD 148.19 billion by 2032 with a CAGR of 6.26%. The global baby food market is expected to expand in tandem with the growing infant population. Because of increased awareness of baby food products and rising disposable income levels, the global baby food market is expanding. The world’s growing working female population is expected to fuel the baby food market. The most common infant products are instant formulas such as milk and other protein supplements.
The baby food market is segmented based on product type, distribution channel and geography. Based on product type, the market is segregated into dried baby food, milk formula, prepared baby food, and other baby food. Presently, milk formula occupies the largest market share followed by the product segment of prepared baby food. However, over the forecast period, product segment of prepared baby food would gain prominent adoption in the global market. Sales of milk formula baby food is highly concentrated in the APAC region. Alternatively, demand for prepared baby food is largely limited to developed regions. However, market for prepared baby food, in developing regions would pick pace over the forecast period, subsequently leading to the dynamic growth of the market in the APAC region. Thus, this has opened a lot of opportunities for baby food market.
Majority of parents prefer home-cooked baby food compared to packaged baby food for their infants. However, this trend has changed owing to the time constraints for food preparation due to increased participation of women at workplace and increasing concerns about the nutritional value of home-cooked food. Moreover, high price of the baby food products have restricted their adoption among middle-income groups. Furthermore, home-cooked food is preferred by consumers duel in the rural and isolated regions, due to lack of awareness about these products. However, promotional campaigns and affordable baby food products would lead to overall increase in the revenue generation of the market.
Increasing urban population, changing lifestyles of individuals due to considerable rise in disposable incomes is the main factor that boost the overall growth of the global baby food market. In addition, increase population of women at workplace leaves less time for food preparation and breast-feeding the infants, in turn demands quality baby food for their baby. Packaged baby foods are popular in the urban areas, as they provide adequate amount of nutrition for infants.
Baby Food Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 6.26%
- Forecast Market Size (2032): 148.19 billion
Toddlers are frequently given energy supplements and ready-to-eat foods. Baby food contains all of the proteins and dietary supplements required for the baby’s proper development. Infant hunger and malnutrition are prevalent in many developing and underdeveloped countries, indicating a larger market for baby food. During the COVID-19 outbreak, consumer demand was influenced by health concerns and food scares. Customers’ concerns about food safety and their own health drove purchases at first.
The baby food market is segmented based on product type, distribution channel and geography. Based on product type, the market is segregated into dried baby food, milk formula, prepared baby food, and other baby food. Presently, milk formula occupies the largest market share followed by the product segment of prepared baby food. However, over the forecast period, product segment of prepared baby food would gain prominent adoption in the global market. Sales of milk formula baby food is highly concentrated in the APAC region. Alternatively, demand for prepared baby food is largely limited to developed regions. However, market for prepared baby food, in developing regions would pick pace over the forecast period, subsequently leading to the dynamic growth of the market in the APAC region. Thus, this has opened a lot of opportunities for baby food market.
Impact of COVID-19 on the Baby Food Market
Consumer demand was influenced by health concerns and food scares during the COVID-19 outbreak. Sales initially increased as customers’ concerns about food safety and their health drove purchases.
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Baby Food Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Product:
- Baby Food Cereals
- Baby Food Snacks
- Baby Food Soup and Milk Formula
- Frozen Baby Food
By Packaging:
- Pouches
- Jars
- Bottles
- Others
By Baby Category:
- Infants
- Toddlers
By Distribution Channel Shopping Malls:
- Supermarkets
- Convenience Stores
- Hyper Markets
- Online Retail
By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa,
- North America
- Latin America
Baby Food Market Key Players:
The following companies are some of the major players in the global automotive alloy market: Hero group, Nestle, Asahi group, Abbot, Danone, Kewpie Corp., Bulbs Australia Ltd., HIPP, PZ Cussons, DMK Group GmbH, Milupa GmbH, Friesland Campina, The Kraft Heinz Company.
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