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Baby Food Market Size
Baby Food Market size exceeded USD 88 billion in 2022 and is projected to expand at more than 5.3% CAGR from 2023 to 2032.
Increased consumer spending on newborn baby products and the growing global birth rate will boost the baby food market growth. Furthermore, the benefits of store-bought baby foods like its enhanced convenience in preparation and longer shelf-life will foster the product adoption.
Strict government regulations and new testing procedures and rules could impact product sales during the forecast period. For instance, the North America Federal Food, Drug, and Cosmetic Act (the Act), 21 USC 321 et seq., which was passed in May 2022, mandates requirements related to the nutrient content, quantity, quality, record keeping, and recalling of infant formulas. Concerns related to product contamination and recalls could impact the revenue of baby food businesses and manufacturers.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 88 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 150 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 700 |
| Tables, Charts & Figures: | 556 |
| Segments covered: | Product, Distribution Channel, Age Group, Category and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Baby Food Market Analysis
Baby food market from the convenience stores segment is predicted to observe nearly 5.7% growth rate till 2032. These stores are entirely based on customer preference and sell all types of basic essential food items including baby food. Convenience stores are present at close distances to residential areas and few of them are also open 24*7.
The market size for dried baby food is set to witness over 5.6% CAGR till 2032. Fruits, cereals, vegetables, and other dried foods are a part of the dried infant foods. While freeze-dried foods are gaining popularity as they preserve nutrients and increase preparation convenience. Many companies are working on the development of new freeze-dried products to meet consumer requirements.
The infant baby food products are anticipated to reach USD 58 billion by 2032. These foods are precisely made for infants or babies above 6 months. Meats, vegetables, protein-rich foods, infant formula, etc. are some of the available food items in this segment which provide the necessary amount of nutrients for an infant's growth and development. Newborns with inadequate weaning diets or low iron levels can gain extra nourishment from infant baby foods.
Europe baby food market revenue is slated to attain approximately 5.6% gains through 2032, owing to the rising domestic consumption and demand for infant foods from regional manufacturers. The requirement for more convenient, nourishing, and varieties of infant food is one of the factors that will contribute to the development of new baby food products. The increasing focus of customers on baby health will reinforce the demand for natural and organic food.
Baby Food Market Share
The prominent players in the baby food market include
- Kewpie Corporation
- Reckitt Benckiser Group plc.
- Danone S.A. (Nutricia)
- Milupa GmbH
- The Kraft Heinz Company
- Hero Group
- Bubs Australia Limited
- HiPP
- PZ Cussons
- Nestlé
- The Hain Celestial Group, Inc.
- Abbott Laboratories
- Asahi Group
- Symrise AG
- DMK Group GmbH
- Friesland Campina
New product launches, strategic partnerships, mergers, and other initiatives are being used by companies to expand their business.
Impact of the COVID-19 pandemic
The impact of the COVID-19 pandemic on the global baby food industry has been adverse due to the issues in the supply chain. However, the need for healthy food and good immunity also boosted the purchase of these products through online platforms. The lockdown restrictions affected the production process as manufacturing units were shut down. With the ease of restrictions and opening of borders, the demand for these products is increasing and is anticipated to fuel the industry expansion.
The baby food market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD Million from 2018 to 2032, for the following segments:
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Market Insights, By Product
- Prepared
- Dried
- Baby Formula
Market Insights, By Distribution Channel
- Hypermarket
- Supermarket
- Convenience Stores
- Online
Market Insights, By Age Group
- Infant
- Toddler
- Pre-school
Market Insights, By Category
- Organic
- Conventional
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Malaysia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
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