Press release
Canada Baby Food Market Booms: Projected Growth to $2.4 Billion by 2026
Canada Baby Food Market
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/request-sample/6070
Surge in awareness for nutrition, rise in parental concerns, rapid urbanization coupled with a significant increase in the working women population and surge in government initiatives for infant care are the major drivers of the Canada baby food market. Nowadays, health awareness and health concerns are on the rise among Canadian parents. They are willing to buy expensive and high-quality baby food to improve health and provide the right nutrition to their infants. Thus, rise in adoption of organic food and high consumer demand boost the growth of the 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. For instance, the company Plum Organics features real stories, comic videos, and shareable badges on their website as a means of advertisement. Thus, they can relate to the target consumers and thereby influence their buying decisions. These factors have fueled the growth in the Canada baby food sector.
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.
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.
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Key Findings of the Canada Baby Food Market:
โBased 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.
โBased 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.
The key players in the Canada baby food industry include ๐ก๐ฒ๐๐๐นรฉ ๐ฆ.๐., ๐๐ฎ๐ป๐ผ๐ป๐ฒ, ๐ฃ๐น๐๐บ, ๐ฃ๐๐, ๐๐ฎ๐ถ๐ป ๐๐ฒ๐น๐ฒ๐๐๐ถ๐ฎ๐น, ๐๐ถ๐ฎ๐ป๐ฎ ๐๐ฟ๐ผ๐๐ฝ, ๐ ๐ฒ๐ฎ๐ฑ ๐๐ผ๐ต๐ป๐๐ผ๐ป & ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐, ๐๐๐, ๐๐ฏ๐ฏ๐ผ๐๐, ๐๐ผ๐ฏ๐น๐ฎ๐๐ ๐๐ป๐ฐ., ๐ฃ๐ฎ๐ฟ๐ฒ๐ป๐'๐ ๐๐ต๐ผ๐ถ๐ฐ๐ฒ ๐๐ป๐ณ๐ฎ๐ป๐ ๐๐ผ๐ฟ๐บ๐๐น๐ฎ, ๐ฎ๐ป๐ฑ ๐๐ฟ๐ฎ๐ณ๐ ๐๐ฒ๐ถ๐ป๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐.
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Reports Includes:
MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping Canada baby food market
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. Rapid increase in the number of working women
3.3.1.2. Rise in awareness on adequate nutrition
3.3.1.3. Introduction of innovative packaging to influence buying behavior
3.3.2. Restraints
3.3.2.1. Safety protocols by food inspection agencies
3.3.2.2. Promotion of breastfeeding through government initiatives
3.3.3. Opportunities
3.3.3.1. Organic baby food
3.3.3.2. Rise in online purchasing trends to boost sales
3.3.3.3. Extensive research on prebiotic and probiotics in baby food
3.4. Macro-economic factors
3.4.1. Overview
3.5. Consumer buying trends
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