The South America baby food market is projected to grow at a CAGR of 6.78% during the forecast period.
The baby food market is one of the leading markets in the South American region. The rising standard of living and the increase in disposable income of people are the factors driving the market growth of the South American baby food market. The increasing population in the South American countries is leading to a rise in the consumption of baby food in the region. The rising health consciousness of people is also giving potential to the market growth of the South American baby food market. The presence of international market players in the baby food market in the South American region is also contributing to the growth of the South American baby food market. The presence of a large number of working women in South American countries like Brazil, Chile, and Argentina is increasing the demand for infant formulas in the market. According to the reports of UNFPA (United Nations Population Fund), more than half of the female population in the South American region are working women. This is anticipated to have a positive impact on the baby food market in South America during the forecast period.
The recent outbreak of the COVID-19 pandemic has adversely affected the market growth of the South American baby food market. The lockdowns and strict COVID-19 restrictions imposed by the governments to prevent the spread of the coronavirus negatively impacted the market growth. The disruptions in the supply chain of the baby food market decreased the export and import rate of baby foods in the South American region, resulting in the decline of the baby food market.
The need for infant health
The decline in infant health in the South American region is increasing the need and demand for infant health products. According to the reports of UNFPA (United Nations Population Fund), Bolivia is considered the South American country with the highest infant mortality rate. The decline in infant health and malnutrition in South American countries is boosting the growth of the baby food market in the region. South American governments' assistance in promoting programs that promote infant health development is fueling the South American baby food market.
Improving Standard of Living
Development in the standard of living of the people in South America is the major factor driving the market growth of the South American baby food market. The increase in the number of working-class people in the South American region and a rise in disposable income have contributed positively to the surge in demand for infant health products.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR of 6.78% during the forecast period |
| Base year | 2020 |
| Forecast period | 2022–2027 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Product Type, Type, Distribution channel, And Country |
| Regions covered | Brazil, Argentina, Chile, Others |
| Companies covered | Nestle, Danone, Abbott, Reckitt Benckiser Group plc, Holle baby food AG, Nutrimental |
| Customization scope | Free report customization with purchase |
Market Segmentation: