Global Baby Food and Infant Formula Market: Growth Drivers, Key Findings, and Impact of Covid-19

The Global Baby Food and Infant Formula Market experienced tremendous growth in recent years, but could not escape the inverse impact of the virus spread that caused inflation to rise, household income to decline, and supply chain disruptions to occur. In spite of this, the impact of the virus on the infant formula market did not last for long and the market began to recover soon after the first wave. Growing health and nutrition concerns for babies, as well as a lack of time to prepare food, are driving the industry. Further, increasing nutrition awareness, organized retail advertising strategies, and a growing number of women working contribute to the global demand for baby food. Additionally, food safety concerns, declining birth rates, and home-cooked infant food are some of the restraining factors that are limiting market growth. There are four segments in the Global Baby Food and Infant Formula Market: type, product, distribution channel, and geography. There are two types of baby food on the market: conventional and organic.

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Globally, the Conventional category held the largest market share in 2021. The Milk Formula product type holds the largest market share of the baby food market in 2021. There is a major dominance of the milk formula sector in the global baby food market because breast-feeding issues are on the rise among women and more professional women opt to feed their babies prepared milk-based infant food.

In terms of regional performance, Asia Pacific region is the highest revenue contributor and in 2021, Asia Pacific Baby Food revenue accounted for USD ~ billion in 2021 followed by Europe, North America and LAMEA. By region APAC is both the world's largest and fastest-growing region for baby food and infant formula market. Due to its growing population, busy lives, and rising consumer spending, it is projected to be quite active in the next years. The growth global baby food market in the region is influenced by the rising penetration of modern retail and product awareness, as well as rising disposable incomes and purchasing power. Consumers in the region favor non-grocery specialty retailers such as drugstores/pharmacies, while online channels are also popular.

Further Key Findings
➤ COVID-19 and the Global Baby Food Market: The virus outbreak impacted the supply of baby food for a short period of time due to the implications of global lockdown. Due to poor logistics, poor traffic management, and restrictions on public mobility in affected countries around the world, key players and vendors had issues with raw material supply, resulting in supply interruptions.

➤ Innovation in Ingredients: Parents are increasingly becoming aware of the impact of the right nutrition on their child's overall growth and development. As a result, they are shifting toward baby food and infant formula products that are rich in proteins, vitamins, minerals, and carbohydrates. These elements are mostly available in powdered form, which can be mixed with water or milk. Rising health concerns about the overall development of the baby and the growing number of malnutrition cases are the key factors driving the growth of the market.

➤ Increasing demand for Global Organic Baby Food Market: The organic food category is a key growth area for the baby food market, both in prepared baby food and in milk formula. It helps the market players in the industry to build brand images about the natural ingredients in their products. The performance of premium products has been strong in recent years, thereby fuelling the growth of the market globally.

➤ Improved Safety and Quality Standards: In comparison to other food categories, the standards and regulations for baby food are more stringent and rigorous in order to ensure adequate safety. The establishment of this and further national, regional, and global standards and regulations on infant formulae and baby foods have contributed to the very high level of safety of such products that are in place today. Quality standards and product specifications have to strictly be met by the manufacturers in the baby food industry.

The report titled "Global Baby Food and Formula Milk Market Performance An Outlook to 2027-COVID-19 Impact Assessment" gives detailed analysis of the baby food industry performance considering the past, present and future trends with assessment of the macro-economic factors.

Market Assessment:
The report examines the global baby food market on various parameters such as the increasing working women population and increasing urbanization across the world has increased demand for baby food. The report discusses global baby food revenue and forecast with detailed assessments of market segments such as market by type (Conventional baby food and Organic baby food), market by product (Milk Formula and Baby Food), by distribution (Supermarkets & Hypermarkets, Grocery Stores, Health Retailers/ Pharmacies, and Online Retailers) and market by geography in this section.

Regions Assessed:
North America, Europe, Asia-Pacific, Latin America , Middle East and Africa

Company's Covered:
Nestle S.A., Danone, Reckitt Benckiser, Abbott Laboratories, Friesland Campina, Kraft Heinz.

Global Baby Food and Formula Milk Market Performance An Outlook to 2027: https://www.makreo.com/report/global-baby-food-and-formula-milk-market-performance-an-outlook-to-2027-covid-19-impact-assessment

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This release was published on openPR.