DUBLIN--(BUSINESS WIRE)--The "Global Baby Food (Milk Formula, Prepared Meals, Dried, Others) Market Overview, 2022-2027" report has been added to ResearchAndMarkets.com's offering.
According to this report the market is bifurcated on the basis of product type and sales channel. The product type category consist of segments like milk formula, dried baby food, Cereals and other segments. While on the basis of sales channel the market is segmented into Hyper/Supermarket, Pharmacy/ Drugstore, Convenience store and online channel.
The Baby food market across the globe is driven by factors like rising disposable income in different region, along with increase in working women in many different countries. These factors have enabled the global baby food market to achieve the value of around USD 80 Billion in 2021. Further, the rapid urbanisation taking place across the globe will sustain the future growth of the market with an expected CAGR of Around 5% till 2027.
Globally, the milk formula segment is the largest in terms of market share, but the dried baby food is the segment growing with one of the fastest CAGR of almost 6%. This high growth rate is attributed to the fact that dried baby food have higher nutritional value from natural sources along with other health benefits to the babies. While traditional points of sales like hyper/supermarket have had the majority of the market share globally, recently with increasing internet penetration and advancement in mobile technology the market is observing a shift to e-commerce, which is the online sales channel.
The rising adoption of organic baby food owing to rising parental concerns over the baby's nutrition and health in developed & developing countries will accelerate the global baby food market growth in the coming few years. For instance, according to a survey by the Organic Trade Associations, about 84% of parents prefer organic food for their babies. Foods that have undergone less chemical exposure during cultivation are much preferred and safer options for baby meals. Additionally, existing hunger and malnutrition issues of the infants in many developing and underdeveloped countries also reveals the bigger market for baby food.
According to United Nations International Children's Security Fund (UNICEF), it is estimated that half of all deaths in children under the age of 5 are because of an alarming level of malnutrition across the globe. Eco-friendly packaging and major safety concerns help companies to differentiate the products in the baby food market. companies seek to design the packaging of the baby food products by recyclable raw material. This helps the company to promote baby food products baby green marketing techniques. Baby product innovation and aggressive marketing of baby food products also result in the rise of the baby food market.
However, shifting preferences of the peoples towards the fact that homemade food is trustworthy for infants and toddlers affects negatively the baby food market. According to CNN Health, 95% of tested baby food contains toxic metals which leads to damage to the brain development of the children's results in significantly reduces demand for baby food. In infant nutrition, parents demand the highest safety and quality standards.
Key players in the market constantly reform products to make them more appealing to both parents and infants. The rising phenomenon of the organized retail market, especially in developing economies, are expected to drive the market's growth over the forecast period. There is a paradigm shift in the organization of modern households, with most adults lacking time for home administration, particularly food preparation and cooking. As a result, there has been a rise in the demand for ready-to-eat or packaged foods.
Major Companies Included: The Hain Celestial Group, The Kraft Heinz Company, Perrigo Company plc, Reckitt Benckiser Group plc, Hero Group, HiPP GmbH & Co. Vertrieb KG, Arla Food, Danone, Ella's Kitchen, Friesland Campina, Ausnutria, Beingmate, Sun-Growers of California
Considered in the report
- Geography: Global
- Base year: 2021
- Historical year: 2016
- Forecasted year: 2027
Key Topics Covered:
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considered
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Baby Food Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Product Type
5.2.2. By Sales Channel
5.2.3. By Region
5.2.4. By Country
5.2.5. By Company
6. North America Baby Food Market Overview
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Product Type
6.2.2. By Sales Channel
6.2.3. By Country
7. Europe Baby Food Market Overview
7.1. Market Size by Value
7.2. Market Share
7.2.1. By Product Type
7.2.2. By Sales Channel
7.2.3. By Country
8. Asia Pacific Baby Food Market Overview
8.1. Market Size by Value
8.2. Market Share
8.2.1. By Product Type
8.2.2. By Sales Channel
8.2.3. By Country
9. South America Baby Food Market Overview
9.1. Market Size by Value
9.2. Market Share
9.2.1. By Product Type
9.2.2. By Sales Channel
9.2.3. By Country
10. Middle East & Africa Baby Food Market Overview
10.1. Market Size by Value
10.2. Market Share
10.2.1. By Product Type
10.2.2. By Sales Channel
10.2.3. By Country
11. Market Dynamics
11.1. Key Drivers
11.2. Key Challenges
12. Market Trends and Developments
13. Company Profiles
14. Strategic Recommendations
15. Related Reports
16. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/pwygf4
