Baby Food Market by Type, Distribution Channel, Age, Geography, Growth and Demand Including Key Players(Danone SA, Perrigo Company PLC, Mead Johnson & Company LLC, Abbott Laboratories) | Forecast 2023

The ever-increasing population across the globe as well as growing demand for quality nutrition are the key factors driving baby food market. According to United Nations, the world population is forecasted to reach 8.6 billion by 2030, and is likely to reach 9.8 billion in 2050, with around 83 million people being added to the population each year. Besides, rapid urbanization and growing disposable income is expected to propel the market growth in coming years.

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After the age of six months, baby is capable of eating solid food and less dependent on breastfeeding and liquid diet. The prepared baby food category is expected to record the highest growth rate during the forecast period, owing to growing demand for easily available and ready-to-eat baby foods among working women population across the globe.

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Asia-Pacific was the largest baby food market globally in 2017 in terms of sales revenue. This is attributed to the ever-increasing population in Asian countries such as India, Bangladesh, Indonesia, and Myanmar, along with the growing organized retail sector in the region. On the other hand, Middle East & Africa baby food market is expected to witness high growth during the forecast period. The region consists of countries with the highest fertility rates in the world such as Niger, Somalia, Democratic Republic of Congo, Mali and Chad with rates at 7.1, 6.1, 6.0, 5.9 and 5.8 children per woman, respectively.

Globally, baby food manufacturers are frequently launching new baby food products, with healthy and natural ingredients to satisfy consumer demands for more natural food products with healthier properties. Among various market players, Nestle SA held the largest share in baby food market, globally, in terms of sales revenue in 2017.

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The other major companies in the market include Danone SA, Perrigo Company PLC, Mead Johnson & Company LLC, Abbott Laboratories, Hero Group, H. J. Heinz Company, Bellamy's Organic Pty Ltd, Hain Celestial Group, The Campbell Soup Company, and Royal FrieslandCampina N.V.

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