Baby Food Market Share & Industry Demand Analysis Report, 2020-2027
Growth Opportunities in the Baby Food Market look promising over the next six years. This is mainly due to the increasing working women population, who have less time to emphasize their baby's nutritional needs, promoting them towards the usage of baby foods, followed by the growing number of malnutrition incidences and rising health concerns for the growth of the babies.
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Baby Food Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The increasing working women population, who have less time to emphasis on their baby's nutritional needs, which is promoting them towards the usage of baby foods, followed by the growing number of malnutrition incidences, and rising health concerns for the growth of the babies are the key drivers contributing to the growth of the baby food market size. Enhanced economic conditions are driven by the increasing spending on baby food by the parents. In addition to this, the increasing urbanization, growing awareness for nutrition, rising organized retail marketing, and drastically changing lifestyle are the factors surging the growth of the baby food market share in terms of revenue.
The rising demand for organic food and growing infant population is one of the emerging baby food market trends that will further fuel the demand of the market in the coming years. Additionally, the growing number of government initiatives to support breastfeeding activities encourages the benefits of breastfeeding in infants. However, the growing concerns regarding adulterated baby foods and nutritional content might hamper the growth of the baby food market.
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Distribution Channel Segment Drivers
Based on the Distribution Channel, the baby food market is segmented into convenience stores, specialty stores, hypermarket/supermarket, online, and others. The hypermarket/supermarket is anticipated to rise at a higher CAGR over the coming years due to the easy availability of various brands and flavors to the target customers. In addition to this, hypermarket/supermarket is one of the largest platforms to introduce new products and attractive discount offers, which will stimulate the growth of the market.
Product Segment Drivers
Based on the Product, the baby food market is segmented into prepared baby food, milk formula, dried baby food, and others. The milk formula is predicted to lead the market in the coming years due to the rising sales of milk formula baby food in this region.
Type Segment Drivers
Based on the Type, the baby food market is segmented into organic and inorganic. Organic baby food is expected to increase at a higher CAGR over the forecast period due to the rising number of malnutrition incidences and health concerns for the growth of the babies.
Baby Food Market’s leading Manufacturers:
• Hain Celestial
• Nestle S.A.
• Danone S.A.
• Hero Group
• Perrigo Company Plc
• Mead Johnson & Company, LLC.
• DMK Group
• Kewpie Corporation
• Reckitt Benckiser Group plc
Baby Food Market Segmentation:
Segmentation by Product:
• Milk Formula
• Prepared Baby food
• Dried Baby Food
Segmentation by Type:
Segmentation by Distribution Channel:
• Hypermarket/ Supermarket
• Specialty Stores
• Convenience Stores
Segmentation by Region:
• North America
o United States of America
• Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
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