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The Baby Food Sector in Belgium -expected to show only modest growth of 4.9%, leading to consumption of 11,951 tons by 2024, valued at 155 million.

03-26-2019 12:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Hub

The Baby Food Sector in Belgium -expected to show only modest

This research report titled “The Baby Food Sector in Belgium, 2019” has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the The Baby Food Sector in Belgium  period 2019.The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in order to enlighten the readers about the actual scenario prevailing in the The Baby Food Sector in Belgium.

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The Baby Food Sector in Belgium, 2019

Summary
"The Baby Food Sector in Belgium, 2019", is an analytical report by GlobalData which provides extensive and highly detailed current and future market trends in the Belgian market.
Since 2011, the number of births has declined, although a slight upturn is estimated for 2018. Manufacturers have tried to stimulate stagnant sales through advertising, including increased use of online media, but the market remains conservative and underdeveloped. Milks are dominant in value (59% in 2018), but rank second in volume at 40%. They have outperformed all other categories. While meals are the second largest category, unusually, finger foods are in third position. Both cereals and drinks have fallen sharply. Belgium is heavily reliant on imports, which are sourced mainly from Spain, France, Germany, and the Netherlands. Exports are rising, destined for the EU countries. Danone remains the clear leader, accounting for 40% of value sales, and leading in milks, wet meals, and drinks. Nestl - on 37% - is gradually closing the gap with Danone. The only other significant company is Hero. The majority of baby food sales are made through grocery outlets. Although pharmacies remain important in milks, they have lost importance as the market has swung towards third-stage milks, which are predominantly sold in grocery outlets. Pharmacies are minor players in the distribution of other baby food. Although the number of births is forecast to rise slightly, the sector is expected to show only modest growth. Growth in milks, meals, and finger foods will be offset by sharp falls in cereals and drinks.

What else does this report offer?
- Consumption data based upon a unique combination of industry research, fieldwork, market sizing work and our in-house expertise to offer extensive data about the trends and dynamics affecting the industry.
- Detailed profile of the companies operating and new companies considering entry in the industry along with their key focus product sectors.
- Market profile of the various product sectors with the key features & developments, segmentation, per capita trends and the various manufacturers & brands.
- Overview of baby food retailing with a mention of the major retailers in the country along with the distribution channel.

Scope
- Belgium has only limited production of baby food, and is heavily reliant on imports.
- Volume imports have risen by 27% since 2012, and in 2017 stood at 48,217 tons, with milks & cereals representing more than half and growing the fastest.
- Exports rose by 23% from 2012 to 2017, to 31,910 tons, equivalent to a value of 102 million (US$115 million).
- Milks are dominant in terms of value sales, with 59% in 2018. In volume terms, though, milks rank second on 40%.
- Danone remains the clear leader of the Belgian baby food market, accounting for 40% of value sales in 2018, and leading in milks, wet meals, and drinks.
- The majority of baby food sales in Belgium are made through grocery outlets, which have taken an increasingly large share of sales in all sectors over the review period and now account for almost 70% of sales.
- Although the number of births is forecast to rise slightly, the baby food sector is expected to show only modest growth of 4.9%, leading to consumption of 11,951 tons by 2024, valued at 155 million.

Reasons to buy
- Evaluate important changes in consumer behavior and identify profitable markets and areas for product innovation.
- Analyse current and forecast behavior trends in each category to identify the best opportunities to exploit.
- Detailed understanding of consumption by individual product categories in order to align your sales and marketing efforts with the latest trends in the market.
- Investigates which categories are performing the best and how this is changing market dynamics.

 Request Report TOC @ https://www.marketresearchhub.com/report/the-baby-food-sector-in-belgium-2019-report.html

Table of Contents
Introduction
Executive Summary
Definitions
Background
Birth
The Consumer
Socio-Demographic Trends
Working Women
Regulations
Breastfeeding Trends
Overview
Sector Overview
Manufacturers Shares
Category Analysis
Baby Milks
Baby Cereals & Dry Meals
Baby Meals
Drinks
Finger Foods
Production and trade
Imports
Exports
Company profiles
Danone Nutricia Belgique SA
Nestl Belgilux SA NV

Continued…………. @@          

About Market Research Hub

Market Research Hub (MRH) is a next-generation reseller of research reports of different sector like Banking market research   and analysis. MRH’s expansive collection of industry reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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