South America Baby Finger Food Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type and Distribution Channel Hypermarket and Supermarket, Convenience Stores, Online, and Others

Prepared Segment to Dominate SAM Baby Finger Food Market during 2020-2027

According to a new market research study on “SAM Baby Finger Food Market Forecast to 2027 - COVID-19 Impact and Analysis - By Product Type (Prepared, Dried, and Others) and Distribution Channel (Hypermarket and Supermarket, Convenience Stores, Online, and Others)” the market is expected to reach US$3,348.24 million by 2027 from US$2,116.09 million in 2019; it is expected to grow at a CAGR of 6.0% from 2020 to 2027. The report provides trends prevailing in the SAM Baby Finger Food market, and the drivers and restraints pertaining to the market growth. Rising awareness regarding baby nutrition paired with an increase in working women population is the major factor driving the growth of the market in SAM. Moreover, the demand for gluten-free baby finger products has increased in South American countries such as Brazil and Argentina. Increasing disposable incomes and the significant shift of consumers towards healthy baby food products are the key factors boosting the demand for gluten-free baby finger food products in the SAM. Leading baby food producers in the region are introducing new and innovative gluten-free baby finger food products to attract health-conscious consumers. This trend is projected to boost the demand for specialized baby food products such as gluten-free over the forecast period. However, presence of high level of sugar content along with high price associated with baby finger food hinder its growth. Also, the COVID-19 pandemic has affected industries and economies in various countries due to lockdowns, business shutdowns, and travel bans. As of August 2020, Brazil has the highest number of COVID-19 cases in SAM, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of SAM has taken multiple actions to protect their citizens and contain the spread of the infection. SAM is likely to face lower export revenues, due to the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are their important trade partners. Containment measures in several countries of SAM would reduce economic activity in the manufacturing sectors for at least the next quarter, with a rebound once the epidemic is under check.

The market for baby finger food is segmented into product type and distribution channel. On the basis of product type, the baby finger food market is categorized into prepared, dried, and others. In 2019, the prepared segment dominated the market of the total market share and is projected to continue its dominance over the forecast period. Based on distribution channel, the baby finger food market is categorized into hypermarket and supermarket, convenience stores, online and others. In 2019, the online segment is expected to be the fastest growing segment over the forecast period.

Hero Group; Nestlé, S.A.; Kraft-Heinz, Inc.; The Hain Celestial Group, Inc.; HiPP GmbH & Co. Vertrieb KG; Lotus Bakeries Corporate, and Dana Dairy Group are among the leading companies in the SAM Baby Finger Food market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Kiddylicious introduced two new snacking ranges, such as the innovative NPD - Kiddylicious Melty Buttons and Kiddylicious Juicy Fruit Bars. Kiddylicious Melty Buttons are tasty rice buttons made with fruit and vegetables, ideal finger food for little hands. They are available in two variants, such as raspberry & beetroot and banana & pumpkin. Likewise, in 2018, Lotus Bakeries Corporate announced the acquisition of Kiddylicious, which is an innovative British food company that produces delicious, nutritious, portion-controlled snacks and meals for growing babies, toddlers, and preschoolers.

The report segments the SAM Baby Finger Food Market as follows:

SAM Baby Finger Food Market - By Product Type

• Prepared
• Dried
• Others

SAM Baby Finger Food Market - By Distribution Channel

• Hypermarket and Supermarket
• Convenience Stores
• Online
• Others

SAM Baby Finger Food Market - By Country

• Brazil
• Argentina
• Rest of SAM

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM Baby Finger Food Market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the SAM Baby Finger Food Market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the baby finger food market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution