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.
- Growing awareness regarding child nutrition and paediatrics
- The budding trend towards adoption of organic baby food
- Increasing adoption in developing economies
- 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:
|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|
|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|
The baby food market has been analyzed through the following segments:
By Product Type
- Dried Baby Food
- Milk Formula
- Prepared Baby Food
By Distribution Channel
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
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.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
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
6. BABY FOOD MARKET BY TYPE
7. BABY FOOD MARKET BY DISTRIBUTION CHANNEL
8. BABY FOOD MARKET BY GEOGRAPHY
8.1. North America
8.2. South America
8.3.3. United Kingdom
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.5. Asia Pacific
8.5.3. South Korea
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.4. Reckitt Benckiser Group
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.)
LIST OF FIGURES
LIST OF TABLES
Reckitt Benckiser Group
LOTTE FOODS., LTD.
Plum, PBC (A subsidiary under Campbell Soup Co.)
|Report Name||Published Month||Get Sample PDF|
|Asia Pacific Baby Food Market Size: Industry Report, 2023-2028||Jun 2023|
|Middle East and Africa Baby Food Market Size: Report, 2022-2027||Feb 2022|
|North America Baby Food Market Size & Share: 2022 - 2027||Jan 2023|
|South America Baby Food Market Size: Industry Report, 2022-2027||Apr 2022|
|Europe Baby Food Market Size & Share: Report, 2021-2026||Jul 2021|