Press release
Canada Baby Food Market to hit $2.4 billion by 2026 with 7.60% CAGR Over 2019-2026
Canada Baby Food Market
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Manufacturers utilize these media channels to create consumer awareness regarding their baby food product offerings and their consequent benefits to sustain the intense competition in the Canada baby food market.
Leading Key Companies:
Nestlé S.A.
Danone
Plum
PBC
Hain Celestial
Diana Group
Mead Johnson & Company, LLC
Abbott
Loblaws Inc.
Parent's Choice Infant Formula, and Kraft Heinz Company.
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The rapid distribution of information coupled with the massive adoption of internet in Canada have propelled the use of e-commerce as a distribution channel. Ecommerce proves beneficial as it allows consumers to shop as per their convenience as well as enables price comparisons. Thus, it is used as a platform to boost the sales of baby food products. In addition, online technologies allow product differentiation and alleviate price competition, which is opportunistic for the Canada baby food market growth.
Key Findings of the Canada Baby Food Market :
-> Based on type, the cereals segment accounts for the largest share in the baby food market analysis in 2019, however the dried baby food segment is expected to grow at the fastest CAGR of 9.5% during the forecast period.
-> Based on distribution channel, the offline store/retail store segment accounts for the larger Canada Baby Food Market demand in 2019, while the online segment is expected to experience growth at the fastest CAGR of 9.5% during the forecast period.
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Organic products have been gaining steady share in retail market. More than half Canadians buy organic food weekly. This purchasing behavior pattern among the consumers creates huge opportunities for the organic baby food sector. In addition, due to increase in health consciousness among consumers, the preference for organic and clean-labelled products has increased significantly. Therefore, the high demand for natural and organic products continues to provide numerous opportunities for the manufacturers.
Browse Similar Reports:
Baby Drinks Market - https://www.alliedmarketresearch.com/baby-drinks-market
Infant Nutrition Market - https://www.alliedmarketresearch.com/infant-nutrition-market
U.S. Baby Infant Formula Market - https://www.alliedmarketresearch.com/us-baby-infant-formula-market-A10849
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