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Global Baby Food Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Product Type (Dried Baby Food, Milk Formula, Prepared Baby Food and Others), Sales Channel (Online and Offline) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 959
Pages: 180
Formats: report pdf report excel report power bi report ppt

Global Baby Food Market Size (2024 to 2029)

The global baby food market size was worth USD 73.47 billion in 2023. The global market size is expected to be worth USD 104.34 billion by 2029 from USD 77.89 billion in 2024, growing at a CAGR of 6.02% from 2024 to 2029.

Customarily, babies are taken care of with delicate home-prepared food, a training that is as yet mainstream in immature and creating nations. In any case, developing urbanization and changing ways of life have expanded the interest in bundled baby foods in various social orders and societies. These nourishments are given to babies between the ages of four and a half years and two years. Concerns identified with sanitation, falling birth rates, and the act of taking care of home-prepared food for babies are the fundamental limitations right now.

General stores, hypermarkets, little essential food item retailers, and well-being and magnificence retailers are the critical circulation directs in the baby food market. General stores are the necessarily favored distribution channel among purchasers, trailed by wellbeing and excellence retailers. Notwithstanding, considering the situation in a couple of Asian creating nations, for example, India, few primary food item retailers and well-being and excellence retailers hold noteworthy offers thinking about deals in the locale. Small staple retailers represent a relatively smaller offer in the baby food market; however, they would observe an agile development over the estimated time frame. Other appropriation channels incorporate discounters, non-basic food item retailers, and non-store retailing.

Global Baby Food Market Drivers:

The growing working women population with constrained time to concentrate on their infant's wholesome needs is propelling the growth of the global baby food market. It has become one of the necessary nourishments for children of working moms. The furious way of life of moms is pushing the development of the baby food market. For example, as indicated by the Office for National Statistics (ONS), 74% of moms in England (U.K.) were recorded as working moms as of September 2018, when contrasted with 69% five years prior. The number has been consistently expanding since 1996, where 62% were accounted for as working moms. Also, developing mindfulness with respect to nourishment and raising extra cash is further pushing market development.

The rising awareness among parents regarding the importance of offering nutritious food to babies is fuelling the growth rate of the worldwide baby food market. Newborn children and little children require an adequate measure of nourishment in their everyday diet. Subsequently, there is an expansion in the interest of bundled baby food with adjusted sustenance esteem. The key market players dispatch creative food items to offer things with insignificant additives and sufficient dietary substances. Also, these items are set up with the most extreme consideration and cleanliness to forestall contamination and guarantee the well-being of the newborn children. Baby food makers in the market need to hold fast to the rules laid by the able specialists to fabricate ideal quality items.

Mother's milk is the best wellspring of sustenance for newborn children until the age of half a year. Be that as it may, the expanding populace of ladies experts has prompted time-requirements for breastfeeding and getting ready custom-made nourishment for babies. The lactating issue among working ladies has additionally prompted the reception of baby food items. Various well-being associations and government initiatives are encouraging and educating about the advantages of breastfeeding in infants and newborns. In the initial few months, breastfeeding is viewed as the most beneficial for providing the required nutrients for the babies.

Global Baby Food Market Restraints:

Infants, inferable from their quickly creating bodies and vulnerability to affliction, are one of the most defenseless shoppers. In this way, the security benchmarks for their foods must be sufficiently high to guarantee their prosperity, just as their folks' fulfillment. Be that as it may, rising worries of debased baby foods only as bogus data concerning dietary substances have prompted a ruin in their notoriety. This has ended up being a significant obstacle to the baby food market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

6.02%

Segments Covered

By Product Type, Sales Channel and Region

Various Analyses Covered

Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Danone SA, Mead Johnson & Company LLC, Perrigo Company PLC, Abbott Laboratories, The Campbell Soup Company, Hero Group, Bellamy's Organic Pty Ltd, H. J. Heinz Company, Hain Celestial Group, Royal Friesl and Campina N.V.

 

This research report on the global baby food market has been segmented and sub-segmented based on the product type, sales channel and region.

Global Baby Food Market - By Product

  • Prepared Baby Food
  • Dried Baby Food
  • Infant Milk Formula
  • Others (Biscuits, Puffs, and Snacks)

Of these, the infant milk formula accounted for the most significant piece of the global baby food market, followed by the item of prepared baby food. Nonetheless, over the estimated time frame, the section of prepared baby food would increase noticeable reception in the worldwide market.

Global Baby Food Market - By Sales Channel:

  • Offline
  • Online

General stores are the necessarily favored distribution channel among purchasers, trailed by wellbeing and excellence retailers. Online sales are expected to witness robust demand in the next few years.

Global Baby Food Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Asia-Pacific is driving the market regarding the appropriation of new and imaginative baby food items propelled by different organizations, trailed by the European region. The Asia Pacific is the biggest market for milk formulation and involves the more significant part of the overall baby food industry. More substantial interest would be seen in the LAMEA locale over the foreseen period. The number of inhabitants, newborn children, and little children in the age gathering of 0-4 years expanded by 53 million in 2010, which demonstrated high potential in the baby food market. Declining neediness rates and increasing removal pay of a portion of the nations in Latin America have helped the selection of baby food items.

Companies in milk formula baby food are increasing their bases in the Asia Pacific region. But the rise in the demand for prepared baby foods is limited to emerged regions as of now. However, the need for the same is estimated to progress in the developing areas in the coming years, especially supporting the expansion of the baby food market in regions like the Asia Pacific. As a result, this has created immense growth potential for the global baby food market growth.

TOP COMPANIES IN THE MARKET:

Companies such as Danone SA, Mead Johnson & Company LLC, Perrigo Company PLC, Abbott Laboratories, The Campbell Soup Company, Hero Group, Bellamy's Organic Pty Ltd, H. J. Heinz Company, Hain Celestial Group, Royal Friesl and Campina N.V. are currently playing a leading role in the global baby food market and are profiled in this report. Globally, baby food manufacturers are mainly focusing on the launch of new products with healthy and natural ingredients to meet the rising consumer demands for more natural food products with enhanced properties. Among various market players, Nestle SA held the most considerable portion in the global baby food market, in terms of revenue in 2017.

RECENT HAPPENINGS IN THIS MARKET:

  • In a global food organization, Danone procured WhiteWave Foods to grow its item portfolio. Danone Manifesto Ventures, Danone's speculation organization, plans to purchase somewhere in the range of 20 and 25 new nourishments to extend its piece of the revenue pie.

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FAQ's

What can be the size of the global Baby Food Market by 2028?

By 2028, it is predicted that the global Baby Food market can reach a valuation of US$ 96.3 billion.

What can be the compound annual growth rate of the global Baby Food market?

The Global Baby Food market can expand with a CAGR of 6% during the forecast period.

Mention the major Key Players in the Global Baby Food Market?

Danone SA, Mead Johnson & Company LLC, Perrigo Company PLC, Abbott Laboratories, The Campbell Soup Company, Hero Group, Bellamy's Organic Pty Ltd, H. J. Heinz Company, Hain Celestial Group and Others.

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