Global Baby Food Market (2021 to 2026) - Growth, Trends, COVID-19 Impact, and Forecasts - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 22, 2021--
The “Baby Food Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)” report has been added to ResearchAndMarkets.com’s offering.
The global baby food market was valued at USD 77.85 billion and the market is projected to register a CAGR of 3.67% during the forecast period (2021-2026).
- Nestle S.A
- Danone S.A.
- Reckitt Benckiser Group plc
- Abbott Laboratories
- Feihe International Inc
- Royal FrieslandCampina N.V.
- Shijiazhuang Junlebao Dairy Co., Ltd.
- Ausnutria Dairy Corporation Ltd
- Yili Group
- The Kraft Heinz Company
Key Market Trends
Increasing Demand for Organic Baby Food
The rising number of malnutrition cases and health concerns for the overall growth of the babies represent the key factors driving the global organic baby food market. Improved economic conditions have resulted in increased expenditure by the parents. Therefore, they are willing to spend on high-quality and expensive products for the wellness of their babies. Also, organic baby food prevents the presence of any kind of pesticides in the baby’s system as it is made of fruits and vegetables that are not sprayed with chemical pesticides, and meat from animals that are not given antibiotics or growth hormones. It also does not contain any artificial flavors, preservatives or colors. Furthermore, urbanization and the growing working population, especially women, has encouraged convenience-oriented lifestyles, which is increasing the demand for organic baby food globally and subsequently increasing the sales of baby food.
Asia-Pacific Holds the Major Share in the Baby Food Market
The Asia-Pacific region holds a very significant share in the baby food market. It is both the largest and the fastest-growing region globally. It is expected to be very dynamic in the coming years, owing to its growing population, hectic lifestyles, and rising consumer spending. China is the largest market in the region, which along with developing economies like India and Indonesia are expected to drive the growth of the market in the region.
Rising penetration of modern retail and awareness of the products, combined with rising disposable incomes and purchasing power, are few key factors influencing the growth of the baby food market in the region. Non-Grocery specialist retailers such as drugstores/ pharmacies have been observed to be the preferred channel for consumers in the region and online channels the fastest-growing.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Category
5.2 By Type
5.2.1 Milk Formula
5.2.2 Dried Baby Food
5.2.3 Ready to Feed Baby Food
5.3 By Distribution Channel
5.3.1 Drugstores/ Pharmacies
5.3.2 Supermarket/ Hypermarket
5.3.3 Convenience Stores
5.3.4 Online Channels
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/h2pvek
View source version on businesswire.com:https://www.businesswire.com/news/home/20210722005586/en/
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INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 07/22/2021 08:13 AM/DISC: 07/22/2021 08:13 AM