Global Baby Food Market to Reach USD 7.12 Billion by

Pune India, 28 July 2022 (GLOBE NEWSWIRE) — The market has been studied for the segmentation and regional analysis mentioned below for North America, Europe, Asia, South America, Middle East and Africa. These are the key regions where baby food market currently operating and expected to expand in the near future. The manufacturers and suppliers involved in the Baby Food market are present in various countries of the aforementioned regions.

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The report provides a detailed understanding of the market segments that have been formed by combining different perspectives such as product, package, baby category, distribution channel, etc. Apart from this, the major driving factors, restraints, potential growth opportunities and market challenges are also discussed in the paragraphs below.

The main players operating in the world baby food market are Abbott Laboratories, Bellamy’s Organic Pty Ltd., Campbell Soup Company., Danone., Hero Group., Mead Johnson & Company, LLC., Nestle SA, Perrigo Company Plc, Royal Frieslandcampina NV and The Hain Celestial Group, Inc. among the others. To gain substantial market share in the global baby food market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations and partnerships, joint ventures. Among these, Nestlé SA is one of the most important manufacturers and distributors present in the global baby food market.

Baby food continued to become one of the fastest growing retail products in the global food and beverage industry. Baby food meets the nutritional needs of babies. Usually, baby food is soft, consumable food other than breast milk that is used to feed human babies between the ages of four and six months to two years. Moreover, the safety of baby food is the main concern of consumers and manufacturers.

The emerging economies of the world provide lucrative opportunities for the players operating in the baby food market. The major factors responsible for the growth of these opportunities in developing economies are changing lifestyles and rising birth rates. In an attempt to diversify the consumer group, companies are implementing regional strategies. For example, companies operating in India have launched affordable products to exploit low-income groups. Companies such as Nestlé SA are investing in product development activities by setting up new R&D centers in India. Changing lifestyles and the growth of working women are paving the way for growing demand for baby food in developing countries. Additionally, rising birth rates in countries such as China and India are further propelling the growth of the market.

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Scope of Baby Food Market Report

Report metric Information
Study period 2021-2029
Year of reference 2021
Forecast period 2022-2029
Market share unit Billions of dollars
Segments Covered Product, packaging, baby category, distribution channel and region
Regions covered North America, Europe, Asia-Pacific, South America and Middle East & Africa
Main actors Abbott Laboratories, Bellamy’s Organic Pty Ltd., Campbell Soup Company., Danone., Hero Group., Mead Johnson & Company, LLC., Nestle SA, Perrigo Company Plc, Royal Frieslandcampina NV and The Hain Celestial Group, Inc., among others

Segmentation analysis

The baby snacks segment is expected to be the fastest growing segment in 2021.

The product segment includes baby cereals, baby snacks, baby soups and baby formulas, frozen baby food. The baby snacks segment is expected to witness the highest growth rate during the forecast period. Baby snacks are delicious and nutritious. For example, Nestle’s Infant Snacks Puffs—Banana contains whole grains, a good source of iron and zinc. These snacks are available in different variations, including My First Puffs, Sweet Potato, Peach, Banana, Strawberry, Apple, and Blueberry Vanilla.

Parents prefer baby snacks because they contain the right amount of nutrients and are easily consumed. Moreover, key players in the market manufacture these food products based on premium fruits and vegetables to ensure good nutrition for babies. These factors are fueling the growth of this segment.

The online segment is expected to be the fastest growing segment in 2021.

The distribution channel segment includes shopping malls, supermarkets, convenience stores, hypermarkets and online retail. The online retail segment is expected to witness the highest CAGR during the forecast period. The online platform is a popular medium for purchasing baby food products. This is attributed to easy availability and benefits such as product attribute information, time-saving feature and door-to-door delivery facility provided by online platforms.

Regional analysis

The regional analysis provides a detailed view of key regions and countries. Some of the key countries analyzed for baby food include USA, Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, China, Japan , India, Brazil, Peru, United Arab Emirates, South Africa and Saudi Arabia.

The Asia-Pacific region recorded a large share. Rising population and rising disposable income in Asia-Pacific is fueling the growth of the baby food market. Furthermore, the penetration of emerging market players in this region has created lucrative growth opportunities for the market. However, North America is expected to witness a tremendous growth rate over the forecast period. Various multinational food manufacturing companies have their base in North America. These companies offer a variety of baby foods and infant formulas in the market.

Analysis by country

Germany

Germany Baby Food Market size was valued at USD 0.36 Billion in 2021 and is projected to reach USD 0.70 Billion by 2029, growing at a CAGR of 9.1% from 2022 to 2029.
Germany is one of the leading countries in the European baby food market. This is mainly attributed to the changing lifestyles, increasing disposable incomes of the people and the rising trend of e-commerce across the country. The sales of baby food products in this country are expected to increase owing to the increase in consumer purchasing power and awareness of proper nutrition for babies.
However, the growth of the market in this country is slightly affected by the declining birth rates and increasing breastfeeding due to strict government initiatives.

China

China Baby Food Market size was valued at USD 0.71 Billion in 2021 and is projected to reach USD 1.38 Billion by 2029, growing at a CAGR of 8.9% from 2022 to 2029. China is one of the largest baby food consuming and exporting countries. The Chinese government relaxed and replaced its one-child policy with the two-child policy in 2015. This led to an increase in the birth rate. This factor has further contributed to the growth of the baby food market.

Additionally, factors such as rapid urbanization, rising nutrition awareness, and the continued trend of e-commerce sales in the baby care industry have further boosted the growth of the market.

India

India Baby Food Market size was valued at USD 0.18 Billion in 2021 and is projected to reach USD 0.37 Billion by 2029, growing at a CAGR of 9.7% from 2022 to 2029. India is one of the fastest growing economies in Asia. The large demand for baby food from a growing professional population of working women in the country has driven the growth of the market in this country.

In addition, the country is experiencing rapid growth in social media influence and changing lifestyle. This has encouraged modern mothers to use baby food. In contrast, the birth rate in this country in 2021 was around 17,377 births per 1,000 population. These factors have all contributed to the Indian baby food market.

Impact of Covid-19

Covid-19 has had a major impact on almost every industry such as electronics, semiconductors, manufacturing and automotive etc. However, several companies operating in the consumer goods and life sciences sector have seen their revenues increase due to significant changes in consumer preferences. However, the pandemic has led to a decrease in baby food purchases from offline stores due to social distancing norms and shutdowns.

On the other hand, the pandemic has caused an upsurge in online baby food sales. Hence, the baby food market is expected to witness considerable growth post-pandemic.

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