Brazil baby food market is projected to grow at a compound annual growth rate of 5.23% during the forecast period. The demand for baby food is witnessing an upsurge owing to growing consciousness among Brazilian parents towards feeding their babies with nutritious food. Favorable demographic changes and increasing purchasing power parity are the key factors that have boosted the market growth in the country. Dried baby food holds a significant share in the market due to the growing number of working females turning towards dried baby food products such as cereals due to time constraints and convenience. The booming trend of organic baby food is further providing the necessary impetus to the baby food market growth.
Therefore, key players are continuously working towards expanding their organic baby food line in the country. For instance, in 2018, Nestle opened a new quality assurance lab and introduced its first organic food line in the country. Also, burgeoning penetration of e-commerce in the country is leading to an increased number of millennial buying baby items such as food from online stores which in turn are expected to boost the online baby food market growth in the upcoming years.
The Brazil Baby Food Market – Forecasts from 2019 to 2024 is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report also analyzes the market through comprehensive market segmentation by product type, type, and distribution channel.
The Brazil baby food market has been segemented by product type, type, and distribution channel. Based on product type, the market has been segmented into dried baby food, milk formula, prepared baby food, and others. By type, the market has been classified into organic and non-organic. By distribution channel, the market has been segmented as online and offline.
The report provides an in-depth analysis of the baby food market in the country mentioning the prevailing market trends and opportunities which it presents for the manufacturers.
Major players in the Brazil baby food market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Brazil baby food market.
• By Product Type
o Dried Baby Food
o Milk Formula
o Prepared Baby Food
• By Type
• By Distribution Channel