The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Baby Food Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Baby Food Industry Analytical Overview (2023-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Baby Food Market size was valued at USD 69.76 Billion in 2022 and is projected to grow at a CAGR of around 1.2% during the forecast period, i.e., 2023-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2030.
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What is Included in Baby Food Market Segmentation?
The report has segmented the market into the following categories:
By Type of Food
- Dried Baby Food
- Prepared Baby Food
- Milk Formula
- Standard Milk Formula
- Liquid Standard Milk Formula
- Powder Standard Milk Formula
- Follow-on Milk Formula
- Liquid Follow-on Milk Formula
- Powder Follow-on Milk Formula
- Growing-Up Milk Formula
- Liquid Growing-Up Milk Formula
- Powder Growing-Up Milk Formula
- Other Milk Formula
- Standard Milk Formula
- Other Baby Food
By Origin
- Organic
- In Organic
By Sales Channel
- Store Based
- Grocery Stores
- Pharmacies
- Others (Health & Supplement Stores, etc.)
- Online
Of them all, store-based sales are anticipated to dominate the Global Baby Food Market with the largest share during 2023-30. This is due to the rising awareness of product ingredients and quality, which has enabled consumers to trust store-based purchases as they can read labels and get expert advice from store staff. Store-based sales also benefit from the immediate availability of products, eliminating the waiting time associated with online deliveries. Despite the popularity of online retail, store-based sales continue to thrive, as many consumers’ view baby food as an essential item that requires timely and hassle-free procurement. Likewise, strategies like bulk volume and effective merchandising are also promoting the sales of baby food products at stores and driving the global market.
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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Key Factor Driver Baby Food Industry Growth by 2030
Mounting Number of Organized Retail Shops & Supermarkets: The baby food market is set to witness significant growth in the coming years, primarily driven by the increasing number of organized retail shops and supermarkets. The adoption of advanced marketing techniques and the distribution of these products through various retail channels like shopping malls, hypermarkets, and grocery stores will contribute to this expansion.
Who are the Key Players Operating in the Baby Food Industry?
The top companies of the Baby Food market ruling the industry are:
- Nestle SA
- Danone Groupe
- Feihe International Inc
- Reckitt Benckiser Group Plc (RB)
- Abbott Laboratories Inc
- Royal Fri e s l a ndCa mpi na NV
- Shijiazhuang Junlebao Milk Co Ltd
- Australia Ausnutria Dairy Pty Ltd
- Inner Mongolia Yili Industria l Group Co Ltd
- Hipp GmbH
- Kraft Heinz Co
- Health & Happiness (H&H) International Holdings Ltd
- Progress OAO
- Vietnam Dairy Products JSC
- Hero Group GmbH
- Morinaga Milk Industry Co Ltd
- a2 Milk Co Ltd
- Hain Celestial Group Inc
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Baby Food Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Baby Food industry?
- Which is the Leading segment in the market?
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