Press release
Baby Food Market is Anticipated to Grow at a CAGR of 5.3% by 2029
The Baby Food market was estimated to be worth USD 33.3 billion in 2021 and is anticipated to be worth USD 50.34 billion by 2029, growing at a CAGR of 5.3% from 2022 to 2029. The Data Bridge Market Research team's thorough expert analysis, import/export analysis, price analysis, production consumption analysis, patent analysis, and consumer behaviour are all included in the market study.Infant nourishment must meet the greatest safety and quality criteria, according to parents. Products from major market participants are often reformulated to appeal to both parents and newborns. Over the projection period, market growth is anticipated to be driven by the rising working-women population and the organised retail industry, particularly in emerging nations.
Customers from West Africa place a high value on product quality and safety and expect that the infants have a solid, secure brand reputation and a history of good health. These factors will cause the demand to rise even more in the upcoming years. As a result, numerous businesses are introducing new products in the West African area to suit the need for infant food.
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Baby Food Market Scope and Market Size
Baby Food market is categorized into six segments on the basis of category, product type, age, source, brand, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of category, the Baby Food market is segmented into dried unprepared baby food, milk & milk formula, prepared baby food and other baby food. In 2021, the dried unprepared baby food segment is anticipated to dominate the Baby Food market due to its convenience and extended shelf life.
On the basis of product type, the Baby Food market is segmented into infant formulas, fruit purees, growing up milk products, cereals & cereal based bars, teething sticks, mini puffs/pops, porridges, puddings, croquettes, pureed meats, fortified cereals, dairy alternative drink mixes, instant baby food mixes, cookies and others. In 2021, cereals & cereal based bars segment is expected to dominate the Baby Food due to increased demand for cereal based baby food among the mothers as there is awareness among the consumers about the health benefits of the cereals and cereals bars.
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Baby Food Market: Country Level Analysis
Baby Food market is analysed and market size information is provided by country, category, product type, age, source, brand, and distribution channel as referenced above.
Based on countries, Baby Food market is segmented into Ghana, Nigeria, Ivory Coast, Togo, Benin, Burkina Faso and Rest of West Africa.
In Baby Food market, Nigeria is dominating due to rising awareness about meeting the nutritional need of babies and increase in number of baby food launches. However, Ghana is dominating due to increase in the number of malnourished baby. While Burkina Faso is dominating the market due to rise in women population in workforce will add to the growth of the market.
Competitive Landscape and Baby Food Market Share Analysis
Baby Food market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to baby food market.
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