Global Baby Food Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Product Type (Dried Baby Food, Milk Formula, Prepared Baby Food, Others), By Type (Organic, Non-Organic), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061612884 Pages: 111

The global baby food market is projected to grow at a CAGR of 4.93% during the forecast period to reach US$92,809.073 million in 2024 from US$69,517.786 million in 2018. Growing urbanization and changes in the lifestyle of people have resulted in a rise in the consumption of baby foods in place of the traditional soft-cooked home food. Furthermore, the growing awareness regarding child nutrition and healthcare have also resulted in an increase in the demand for higher quality or premium baby food. 

The demand for baby foods is further anticipated to see a rise in the coming years owing to the growing popularity of organic food products. Moreover, the improvement in standards of living in developing and underdeveloped economies also provides a potential opportunity for the baby food market to grow. Geographically, the Asia Pacific is projected to hold a substantial share in the market and will also witness multiple growth opportunities during the forecast period.

DRIVERS

  • Growing awareness regarding child nutrition and paediatrics

OPPORTUNITIES

  • The budding trend towards adoption of organic baby food
  • Increasing adoption in developing economies

INDUSTRY UPDATES

  • In June 2019, Lotte Food introduced a new baby food formula Nubone in Vietnam. The company also got a sales contract with Viet Australia for distribution in the country. It is an export-only product aimed at children under 6 years of age.
  • In June 2019, China’s National Development and Reform Commission, with six other ministries, stated that China aims to increase the local production of baby formula to supply more than 60% of the market domestically.

The major players profiled in the baby food market include Nestlé, Danone, HiPP, Abbott, and Reckitt Benckiser Group among others.

Global Baby Food Market Scope:

Report Metric Details
 Market size value in 2018  US$69,517.786 million
 Market size value in 2024  US$92,809.073 million
 Growth Rate  CAGR of 4.93% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Product Type, Type, Distribution Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Nestlé, Danone, HiPP, Reckitt Benckiser Group, Abbott, LOTTE FOODS., LTD., Hero Group, Bellamy's Organic, Hain Celestial, Plum, PBC (A subsidiary under Campbell Soup Co.), FrieslandCampina
 Customization scope  Free report customization with purchase

 

SEGMENTATION

The baby food market has been analyzed through the following segments:

By Product Type

  • Dried Baby Food
  • Milk Formula
  • Prepared Baby Food
  • Others

By Type

  • Organic
  • Non-Organic

By Distribution Channel

  • Online
  • Offline

By Geography

  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of global baby food market?
A1. Baby Food market was valued at US$69,517.786 million in 2018.

Q2. What will be the baby food market size by 2024?
A2. The baby food market is projected to reach a market size of US$92,809.073 million by 2024.

Q3. What are the growth prospects for the global baby food market?
A3. The global baby food market is projected to grow at a CAGR of 4.93% during the forecast period.

Q4. What factors are anticipated to drive the baby food market growth?
A4. Growing urbanization and changes in the lifestyle of people have resulted in a rise in the consumption of baby foods in place of the traditional soft-cooked home food.

Q5. Which region holds the largest market share in the baby food market report?
A5. The Asia Pacific is projected to hold a substantial share in the market and will also witness multiple growth opportunities during the forecast period.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter’s Five Forces Analysis

4.5.1. Bargaining Power of Suppliers

4.5.2. Bargaining Power of Buyers

4.5.3. Threat of New Entrants

4.5.4. Threat of Substitutes

4.5.5. Competitive Rivalry in the Industry

4.6. Life Cycle Analysis - Regional Snapshot

4.7. Market Attractiveness

5. BABY FOOD MARKET BY PRODUCT TYPE

5.1. Dried Baby Food

5.2. Milk Formula

5.3. Prepared Baby Food

5.4. Others

6. BABY FOOD MARKET BY TYPE

6.1. Organic

6.2. Non-Organic

7. BABY FOOD MARKET BY DISTRIBUTION CHANNEL

7.1. Online

7.2. Offline

8. BABY FOOD MARKET BY GEOGRAPHY

8.1. North America

8.1.1. USA

8.1.2. Canada

8.1.3. Mexico

8.2. South America

8.2.1. Brazil

8.2.2. Argentina

8.2.3. Others

8.3. Europe

8.3.1. Germany

8.3.2. France

8.3.3. United Kingdom

8.3.4. Spain

8.3.5. Others

8.4. Middle East and Africa

8.4.1. Saudi Arabia

8.4.2. Israel

8.4.3. Others

8.5. Asia Pacific

8.5.1. China

8.5.2. Japan

8.5.3. South Korea

8.5.4. India

8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Competitive Benchmarking and Analysis

9.2. Recent Investments and Deals

9.3. Strategies of Key Players

10. COMPANY PROFILES

10.1. Nestlé

10.2. Danone

10.3. HiPP

10.4. Reckitt Benckiser Group

10.5. Abbott

10.6. LOTTE FOODS., LTD.

10.7. Hero Group

10.8. Bellamy's Organic

10.9. Hain Celestial

10.10. Plum, PBC (A subsidiary under Campbell Soup Co.)

10.11. FrieslandCampina

LIST OF FIGURES

LIST OF TABLES

Nestlé

Danone

HiPP

Reckitt Benckiser Group

Abbott

LOTTE FOODS., LTD.

Hero Group

Bellamy's Organic

Hain Celestial

Plum, PBC (A subsidiary under Campbell Soup Co.)

FrieslandCampina

 

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