The Baby Food Market is set to grow at around 4.50% CAGR during 2022-27, predicts MarkNtel Advisors in their recent research study. It comprises a comprehensive analysis of the industry’s latest trends, developments, drivers, restraints, challenges, & opportunities, as well as its projected growth trajectory across different segments & geographies in the forecast years.
Further, the report also highlights the prominent aspects depicted in the form of diagrams, pie charts, tables, graphs, & other pictorial representations that would contribute to the market expansion in the future. Through this information, stakeholders will be able to comprehend the changing dynamics of the Baby Food Market and better plan & layout strategies in order to widen their visibility, product portfolio, & customer base and yield massive profits. In the report, the historical period considered is 2017-20, the base year 2021, and the forecast period, as cited above, is 2022-27.
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Key Highlights from the Baby Food Market Analysis –
➤This study is a compilation of key factors impacting the industry dynamics, including growth drivers, restraints, opportunities, challenges, and emerging & high-potential segments & geographies, among others.
➤Detail-driven, accurate, and reliable information associated with the latest trends in the industry to help stakeholders or investors make informed decisions before they make investments.
➤A comprehensive review of the leading companies in the Baby Food Market, comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other aspects.
➤Fund estimation put in by private firms & governments for the industry’s expansion, along with insights into each segment & geographic location, are also covered in this report.
Baby Food Market Key Driver –
- Mounting Number of Organized Retail Shops & Supermarkets
Improved marketing strategies and selling baby food products through supermarkets, shopping malls, hypermarkets, as well as grocery and retail stores as well as other retailers are expected to propel the market over the next years.
- Growing Customer Inclination toward Organic Baby Food market due to High Nutrients
The rising number of working women and the growing awareness about the benefits of feeding high quality & nutrition rich baby food shall boost the market during 2021-26.
- Easy Availability & Extensive Variety of Baby Food Products
The escalating baby food choices based on nutritional value, flavor, etc., surging number of retail shops, and a constant requirement for baby food products & their easy availability shall also augment the market growth.
Key Trend in the Baby Food Market –
The market for baby food has witnessed rapid innovation that include ingredients such as probiotics and human milk oligosaccharides found in baby food items. In addition the need for clean-labeled, plant-based and organic food is rising rapidly across different regions. This shift away from chemical components to organic food is predicted to accelerate over the next several years.
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In 2020, the leading player Danone Groupe SA procured Murray Goulburn Dairy (Qingdao) Co. Ltd., including a registered infant milk formula brand & a facility in Qingdao from Saputo Dairy Australia. As of now, Danone has its first production facility in China for the infant milk formula.
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In 2019, Nestlé inaugurated a research & development center in Ireland for innovations in milk-based maternal and infant nutrition products.
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Furthermore, back in 2018, China imposed a regulation that made it compulsory to register the formulation of baby & children food products. Besides, the policy also allows the manufacturers to have three series of product lines & nine formulas.
Baby Food Market Segmentation:
The segmentation analysis section of the report focuses on the Baby Food Market performance across different segments & geographies, which can aid stakeholders in strategizing their investments in order to widen their visibility, product portfolio, & customer base and, in turn, generate significant revenue in the forecast years.
Market Divided in to, By Type of Food
-Dried Baby Food
-Prepared Baby Food
-Milk Formula
–Standard Milk Formula
—Liquid Standard Milk Formula
—Powder Standard Milk Formula
–Follow-on Milk Formula
—Liquid Follow-on Milk Formula
—Powder Follow-on Milk Formula
–Growing-Up Milk Formula
—Liquid Growing-Up Milk Formula
—Powder Growing-Up Milk Formula
—Other Milk Formula
-Other Baby Food
Market Divided in to, By Origin
-Organic
-In Organic
Market Divided in to, By Sales Channel
-Store Based
-Grocery Stores
-Pharmacies
-Others (Health & Supplement Stores, etc.)
-Online
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Geographically, the Baby Food Market expands across regions: –
-North America
-South America
-Europe
-Asia Pacific
Competitive Landscape:
Under this section, detailed information on company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects, have been examined. All insights into companies have been curated only after thoroughly studying their hold in the industry to help investors make informed decisions before investing.
-Nestle SA
-Danone Groupe
-Feihe International Inc
-Reckitt Benckiser Group Plc (RB)
-Abbott Laboratories Inc
-Royal Fri e s l a ndCa mpi na NV
-Shijiazhuang Junlebao Milk Co Ltd
-Australia Ausnutria Dairy Pty Ltd
-Inner Mongolia Yili Industria l Group Co Ltd
-Hipp GmbH
-Kraft Heinz Co
-Health & Happiness (H&H) International Holdings Ltd
-Progress OAO
-Vietnam Dairy Products JSC
-Hero Group GmbH
-Morinaga Milk Industry Co Ltd
-a2 Milk Co Ltd
-Hain Celestial Group Inc
-Others
Major Growth Challenges in the Market–
The market might observe hindrance in growth owing to the increasing adoption of home-cooked food across rural areas due to the unawareness about the availability & benefits of baby food. Moreover, the reducing birth rates entwined with trust issues in food quality owing to the possibility of high-ratio heavy metals might further restrain the market growth in the coming years.
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