Global Baby Food Market to Surge at 7.97% CAGR, which is anticipated to reach USD 124.21 billion by 2030
CRI Report has released a report titled “Global Baby Food Market –Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 124.21 billion by 2030. According to a study by CRI Report, growing awareness of nutrition, the rise of organized retail marketing, urbanization combined with a significant increase in the female workforce are key factors driving the growth of the Global Baby Food Market. Feeding babies homemade food is the major limitation in the Global Baby Food Market. Parents demand the highest safety and quality standards in infant nutrition. The major players in the Global Baby Food Market are constantly reforming the products to make them more attractive to parents and babies. The growing population of working women and the organized retail market, particularly in developing countries, are expected to drive the growth of the Global Baby Food Market over the forecast period.
The market report on Global Baby Food Market includes in-depth insights as:
- The estimated value of the market was USD 57.69 billion in the year 2020.
- Global Baby Food in Asia Pacific held the largest market share in the year 2020.
- Based on Quality, Organic emerged as a key segment in the Global Baby Food market.
- Based on Type, Milk Formula emerged as a key segment in the Global Baby Food market.
- Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“Today, parents are increasingly aware of the effects of proper nutrition on the overall growth and development of their child. As a result, they are shifting to baby food and infant formula rich in protein, vitamins, minerals, and carbohydrates and increasing sales of baby food. These products are mostly available in powder form that can be mixed with water or milk. In addition, due to increasing consumer awareness, manufacturers are introducing organic baby food, premium and minimally processed varieties, and infant formula varieties. In addition, the emerging e-commerce sector is also boosting sales of these products as it improves consumer convenience compared to traditional retail formats”, according to this report
Baby food is a liquid, soft paste, or food that is easy to chew because babies do not have the muscles and teeth developed to chew effectively. Babies often switch to baby formula when breastfeeding or infant formula is not enough for the child’s appetite. Caution should be exercised with certain foods that present a choking hazard, such as undercooked vegetables, grapes, or foods that may contain bones. Babies begin to eat liquid baby food consisting of pureed vegetables and fruits, sometimes mixed with rice grains and infant formula, or breast milk. Small, soft, or lumpy pieces can be added as the baby can chew better. Caution is advised as babies with teeth have the ability to break chunks of food, but do not have the back molars to the molars, so the food can be carefully chopped or pre-chewed or broken into pieces that your baby can handle. Babies can begin to feed themselves (ingesting pieces of food) around 6 months of age. with the hands, with the whole fist, or later with the clamp [thumb and forefinger] with the help of the parents.
The Global Baby Food Market is segmented by Quality into Organic and Conventional. The Organic segment is expected to grow with a significant CAGR in 2020-2030. With the increase in malnutrition and health problems in babies, the demand for organic baby food is growing enormously. Consumers are willing to spend a little more on high-quality organic food. Food Organic food does not contain any preservatives, artificial colors, or flavors, which guarantees the quality of these products.
Key Players in the Market
- Some of the key players operating in the Global Baby Food Market are Harman DANONE, Nestlé SA, Abbott Laboratories Inc., Royal Friesland Campina NV, Pfizer Inc, GlaxoSmithKline Plc, Bellamy Organics, Mead Johnson & Company LLC, Campbell Soups, Dean Foods Co., Hain Celestial Group Inc. Get Valuable Insights into Global Baby Food Market.
In the new report, CRI Report thrives to present an unbiased analysis of the Global Baby Food Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. Global Baby Food market is segmented By Quality into Organic and Conventional; By Type into Milk Formula, Dried Baby Food, Ready to Feed Baby Food, Others; By Distribution Channel (Drugstores/ Pharmacies, Supermarket/ Hypermarket, Convenience Stores, Online Channels, Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.